• Magyar Bancorp posted net income of $3 million for the quarter ended March 31, 2026, up 13% from a year earlier.
• Net interest and dividend income rose 17.2% to $9.2 million as net interest margin widened 35 basis points to 3.66%.
• Provision for credit losses climbed to $256,000 from a $30,000 net recovery, while other income fell 32.4% to $857,000.
• Total assets increased 7.1% to $1.07 billion at March 31, 2026, while deposits grew 7.9% to $878.4 million, helped by a digital marketing campaign promoting short-term certificates of deposit.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Magyar Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001174947-26-000591), on May 13, 2026, and is solely responsible for the information contained therein.