MGYR on Nasdaq

Magyar Bancorp, Inc.

Magyar Bancorp, Inc. is a savings institution company based in New Brunswick, listed on Nasdaq (MGYR).1

Price unavailable

Last updated Oct 20, 2026.

Overview

$9.8MNet income, fiscal 20252

Compare with another stock.

  • TickerMGYR on Nasdaq1
  • IndustrySavings Institution, Federally Chartered1
  • HeadquartersNew Brunswick, New Jersey1
  • Business address400 Somerset Street, New Brunswick, Nj 089013
  • Filer categoryNon-accelerated filer, Smaller reporting company3

See how the biggest companies compare on our leaderboards

We face additional competition for deposits from short-term money market funds, brokerage firms, mutual funds and insurance companies.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

8.2%Return on equity2
0.41×Debt to equity2
$9.8MFree cash flow2

Financial statements

Net income56789102$9.8M in 2025+381% since 2018
0$2.5M$5.0M$7.5M$10.0M2018: $2.0M$2.0M20182019: $3.0M$3.0M2019+48%2020: $2.2M$2.2M2020−27%2021: $6.1M$6.1M2021+179%2022: $7.9M$7.9M2022+29%2023: $7.7M$7.7M2023−3%2024: $7.8M$7.8M2024+1%2025: $9.8M$9.8M2025+25%

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2025-09-302024-09-30
Loans, including fees$49.9M$43.1M
Taxable$4.5M$5.2M
Tax-exempt$58.0K$58.0K
Federal Home Loan Bank of New York stock$211.0K$220.0K
Total interest and dividend income$54.7M$48.6M
Deposits$21.8M$19.7M
Borrowings$1.1M$872.0K
Total interest expense$22.8M$20.6M
Net interest and dividend income$31.9M$28.0M
Provision for credit losses-loans$653.0K$182.0K
Recovery for credit losses-unfunded commitments-$251.0K-$92.0K
Total provision for credit losses$402.0K$90.0K
Net interest and dividend income after provision for credit losses$31.5M$27.9M
Service charges$1.4M$1.1M
Income on bank owned life insurance$673.0K$433.0K
Interest rate swap fees$179.0K
Other operating income$58.0K$81.0K
Gains on premises and equipment$60.0K
Gains on SBA loans$1.1M$599.0K
Net gains on OREO$229.0K$1.3M
Total other income$3.7M$3.6M
Compensation and employee benefits$12.7M$11.8M
Occupancy expenses$3.5M$3.3M
Professional fees$705.0K$794.0K
Director fees and benefits$787.0K$789.0K
Data processing expenses$471.0K$542.0K
Marketing and business development$438.0K$402.0K
FDIC deposit insurance premiums$451.0K$421.0K
Other expenses$2.4M$2.4M
Total other expenses$21.4M$20.4M
Income before income tax expense$13.8M$11.1M
Income tax expense$4.0M$3.3M
Net income$9.8M$7.8M
Earnings per share - basic (in Dollars per share)$1.57$1.23
Earnings per share - diluted (in Dollars per share)$1.56$1.23
Weighted average shares outstanding - basic (in Shares)6.2M shares6.3M shares
Weighted average shares outstanding - diluted (in Shares)6.2M shares6.3M shares

Compare Magyar Bancorp, Inc. with another company

Corporate structure

Magyar Bancorp, Inc. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Magyar Bancorp, Inc.

  • Magyar Bank Employee Stock Ownership Plan Trust Filed SCHEDULE 13G/A on Magyar Bancorp, Inc., latest Feb 9, 2026 (2 filings since Feb 10, 2025)
  • M3 PARTNERS LP Filed SCHEDULE 13G/A on Magyar Bancorp, Inc., latest Feb 4, 2026 (6 filings since Feb 14, 2022)
  • PL Capital Advisors, LLC Filed SC 13D/A on Magyar Bancorp, Inc., latest Feb 7, 2023 (2 filings since Sep 20, 2022)
  • Magyar Bancorp, Inc. New Brunswick, New Jersey

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Magyar Bancorp, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$30.2M2 Sep 30, 2025$29.7M2 Sep 30, 2024+1.9%
Accumulated depreciation$18.1M2 Sep 30, 2025$17.1M2 Sep 30, 2024+5.4%
Property and equipment, net$12.2M2 Sep 30, 2025$12.5M2 Sep 30, 2024−2.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$7.1M2 Sep 30, 2025$25.6M2 Sep 30, 2024−72.3%
Debt securities available for sale$21.2M2 Sep 30, 2025$15.6M2 Sep 30, 2024+35.6%
Debt securities held to maturity$67.3M2 Sep 30, 2025$79.8M2 Sep 30, 2024−15.7%
Deposits held (banks)$814.3M2 Sep 30, 2025$796.7M2 Sep 30, 2024+2.2%

Properties, in its own words

The following table provides certain information with respect to our offices as of September 30, 2025:

Leased or · Original Year · Year of

The rest of Item 2

Office Locations · Owned · Leased or Acquired · Lease Expiration

Main Office:

400 Somerset Street · Owned · 2005 · -

New Brunswick, New Jersey, 08901

Full - Service Branches:

3050 State Route 27 · Owned · 1969 · -

Kendall Park, New Jersey, 08824

596 Milltown Road · Leased · 2002 · 2031

North Brunswick, New Jersey, 08902

1000 Route 202 South · Leased · 2006 · 2031

Branchburg, New Jersey, 08876

1167 Inman Avenue · Leased · 2011 · 2026

Edison, New Jersey, 08820

1199 Amboy Avenue · Leased · 2017 · 2027

Edison, New Jersey, 08837

1990 Washington Valley Road · Leased · 2024 · 2029

Martinsville, New Jersey, 08836

The net book value of our premises, land and equipment was approximately $12.2 million and $12.5 million at September 30, 2025 and 2024, respectively.

For information regarding Magyar Bancorp, Inc.’s investment in mortgages and mortgage-related securities, see “Item 1. Business” herein.

Item 2 of the 10-K filed Dec 19, 2025.4

Leadership

Who has led Magyar Bancorp, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Elizabeth E. Hance2006–2009
  2. John S. Fitzgerald2010–now

President

  1. Elizabeth E. Hance2006–2009
  2. John S. Fitzgerald2010–now

Chief financial officer

  1. Jon Ansari2006–now

Chief operating officer

  1. John S. Fitzgerald2007–2009
2010201520202025
Board members and other officers (14)

Timeline

  1. Jul 23, 20268-K Results of operations; Other events30
  2. Apr 23, 20268-K Results of operations; Other events31
  3. Feb 12, 20268-K Shareholder vote32
  4. Feb 11, 20268-K Regulation FD disclosure33
  5. Jan 29, 20268-K Results of operations; Other events34
  6. Oct 30, 20258-K Results of operations; Other events35
  7. Jul 24, 20258-K Results of operations; Other events36
  8. May 22, 20258-K Other events37
  9. Apr 30, 20258-K Results of operations; Other events38
  10. Mar 20, 20258-K Shareholder vote39
  11. Feb 24, 20258-K Shareholder vote40
  12. Feb 20, 20258-K Regulation FD disclosure41
  13. Jan 29, 2010New chief executive John S. Fitzgerald becomes CEO13
  14. Jan 25, 2006New chief executive Elizabeth E. Hance becomes CEO14

Calendar

Coming up

  1. Oct 29, 2026Reports results for the quarter ending Sep/202642

When it reported results

  1. Jul 23, 2026Reported quarterly or annual results30
  2. Apr 23, 2026Reported quarterly or annual results31
  3. Jan 29, 2026Reported quarterly or annual results34
  4. Oct 30, 2025Reported quarterly or annual results35
  5. Jul 24, 2025Reported quarterly or annual results36
  6. Apr 30, 2025Reported quarterly or annual results38
  7. Jan 23, 2025Reported quarterly or annual results43
  8. Oct 31, 2024Reported quarterly or annual results44

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

171 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 45 major events, 70 insider forms, 15 large holders, 21 other. The latest 20:

  1. Aug 31, 20264 EDGAR
  2. Aug 28, 20264 EDGAR
  3. Aug 14, 20264 EDGAR
  4. Aug 13, 202610-Q EDGAR
  5. Aug 3, 20264 EDGAR
  6. Jul 23, 20268-K EDGAR
  7. Jun 23, 202611-K ANNUAL REPORT EDGAR
  8. May 28, 20264 EDGAR
  9. May 13, 202610-Q EDGAR
  10. Apr 23, 20268-K EDGAR
  11. Mar 13, 20264 EDGAR
  12. Feb 26, 20264 EDGAR
  13. Feb 26, 20264 EDGAR
  14. Feb 20, 20264 EDGAR
  15. Feb 18, 20264 EDGAR
  16. Feb 17, 20264 EDGAR
  17. Feb 13, 20264 EDGAR
  18. Feb 13, 202610-Q EDGAR
  19. Feb 12, 20268-K EDGAR
  20. Feb 11, 20268-K EDGAR

The 171 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

11 open-market trades by officers, directors and large owners since October 2021: 11 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 12, 2025Lombardi Michael RDirectorBuy261$17.24$4.5KForm 4
Dec 11, 2025Lombardi Michael RDirectorBuy289$17.10$4.9KForm 4
Feb 14, 2025Lombardi Michael RDirectorBuy450$14.51$6.5KForm 4
Feb 20, 2024LOMBARDI MICHAEL FDirectorBuy542$11.64$6.3KForm 4
Feb 16, 2024LOMBARDI MICHAEL FDirectorBuy124$11.27$1.4KForm 4
Nov 9, 2023LOMBARDI MICHAEL FDirectorBuy4,717$9.68$45.7KForm 4
Nov 7, 2023LOMBARDI MICHAEL FDirectorBuy167$9.68$1.6KForm 4
Nov 6, 2023LOMBARDI MICHAEL FDirectorBuy5,233$9.56$50.0KForm 4
Nov 3, 2023LOMBARDI MICHAEL FDirectorBuy14,883$9.51$141.5KForm 4
May 25, 2023LOMBARDI MICHAEL FDirectorBuy10,000$10.17$101.7KForm 4
Nov 8, 2022LOMBARDI MICHAEL FDirectorBuy20,000$12.66$253.2KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025John S. Fitzgerald61$578.0K$1.4M48
2025Jon R. Ansari$425.0K$876.3K48
2025Peter Brown60$246.2K$365.8K48
2024President and$549.2K$1.3M48
2024Executive VicePresident$403.4K$805.7K48
2024Senior VicePresident$236.2K$346.4K48

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Alliancebernstein L.P.638,179$11.0M0.0%No change
Maltese Capital Management LLC257,078$4.5M0.8%+20,325
Truffle Hound Capital, LLC200,000$3.5M2.2%No change
PL Capital Advisors, LLC183,317$3.2M0.9%No change
Dimensional Fund Advisors LP135,439$2.4M0.0%No change
Geode Capital Management, LLC63,863$1.1M0.0%+9,941
Vanguard Capital Management LLC62,655$1.1M0.0%−229
Stilwell Value LLC40,000$698.0K0.4%No change
Vanguard Fiduciary Trust Co30,905$539.3K0.0%+229
First Manhattan Co. Llc.28,015$488.9K0.0%No change
Oppenheimer & Close, LLC24,080$420.2K0.3%No change
Renaissance Technologies LLC22,986$401.1K0.0%+200
BlackRock, Inc.20,546$358.5K0.0%+5,434
Northern Trust Corp15,499$270.5K0.0%−10,801
Susquehanna International Group, Llp12,220$213.2K0.0%−471
Bridgeway Capital Management, LLC11,579$202.1K0.0%No change
Morgan Stanley10,217$178.3K0.0%No change
Vanguard Global Advisers, LLC2,719$47.4K0.0%No change
Tower Research Capital LLC (TRC)75$1.3K0.0%−122
Barclays PLC11$1920.0%New
Acadian Asset Management LLC1,603$270.0%+306

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Magyar Bancorp, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMagyar Bancorp, Inc.1
  • CIK0001337068
  • Employer ID (EIN)20-41549784
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsSeptember 301
  • Industry code (SIC)6035 Savings Institution, Federally Chartered1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address400 Somerset Street, New Brunswick, NJ 089011
  • Phone732-342-76001
  • Shares outstanding6,455,383 as of Aug 1, 202612
  • Public float$90.0M as of Mar 31, 20254
  • AuditorS.R. Snodgrass, P.C., Cranberry Township, Pennsylvania PCAOB ID 74; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceSep 16, 20051
  • Filings628 in all: 4 (224), 8-K (170), 10-Q (54), DEF 14A (21), 11-K (20), 10-K (17), 3 (17), CORRESP (12)1
    All 36 form types

    UPLOAD (11), 10QSB (9), SC 13D/A (9), DEFA14A (8), SC 13G/A (8), 424B3 (5), 10KSB (4), 4/A (4), SCHEDULE 13G/A (4), 8-K/A (3), S-8 (3), SB-2/A (3), SC 13G (3), 144 (2), POS AM (2), SC 13D (2), SE (2), 10-K/A (1), 10-Q/A (1), 10KSB/A (1), 10QSB/A (1), 425 (1), 8-A12G (1), EFFECT (1), S-1 (1), S-1/A (1), SB-2 (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Dec 19, 2025
    Quarterly report (10-Q) Aug 13, 2026
    Proxy statement (DEF 14A) Dec 30, 2025
    Latest 8-K (8-K) Jul 23, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01 per shareMGYRThe NASDAQ Stock Market LLC

From the cover page of the 10-K filed Dec 19, 2025 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

Legal proceedings

In the ordinary course of business, we are a party to various legal actions which are incidental to the operation of our business. Although the ultimate outcome and amount of liability, if any, with respect to these legal actions cannot presently be ascertained with certainty, in the opinion of management, based upon information currently available to us, any resulting liability as of September 30, 2025 is believed to be immaterial to our consolidated financial position, results of operations and cash flows.

The opening of Item 3, Legal Proceedings.4

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
    SEC EDGAROther events
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48