Magyar Bancorp Q3 earnings jump 25%, dividend declared
Magyar Bancorp reported a 30-basis-point expansion of net interest margin to 3.65% for Q3 2026, driving a 25% rise in quarterly net income to $3.1 million and lifting nine-month net income to $9.3 million. The company also declared a $0.10 quarterly dividend, earned a spot on KBW’s 2026 Honor Roll, and trades around $17.50 with a sub-10x P/E, underscoring steady earnings growth amid market volatility.