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Magyar Bancorp, Inc. reported solid financial results for the first quarter of fiscal year 2026, demonstrating stable core banking performance. Net income for the period ending December 31, 2025, was $3.1 million, driven primarily by a robust net interest and dividend income of $8.9 million. The company successfully managed interest expenses, which totaled $5.7 million, resulting in a healthy net interest margin. Total other income contributed $798K, significantly supported by gains on SBA loans ($258K) and net gains on OREO ($224K). On the balance sheet front, total assets reached $1.05 billion, with loans receivable comprising the largest portion at $876.1 million. Stockholders' equity stood strong at $121.7 million. Cash flow activities reflected significant strategic moves, with net cash provided by financing activities totaling $44.5 million, largely due to a $44.8 million increase in deposits, which offset the $21.1 million used in investing activities. The company maintained a solid liquidity position with $34.1 million in total cash and cash equivalents.
eps basic
$1.00
Net Income
$3.1M
total assets
$1.05B
total deposits
$859.1M
loans receivable
$876.1M
net cash financing
$44.5M
net cash investing
-$21.1M
net cash operating
$3.7M
total other income
$798K
net interest income
$8.9M
stockholders equity
$121.7M
total interest income
$14.6M
total interest expense
$5.7M