Magyar Bancorp, Inc. Annual Report - How They Did This Year

Alright, let's dive into how Magyar Bancorp, Inc. (you'll find them on NASDAQ as MGYR) wrapped up their fiscal year ending September 30, 2025!

What They Do Magyar Bancorp, Inc. is essentially the parent company for Magyar Bank, a local savings bank in New Jersey that's been around since 1922. They have their main office in New Brunswick and seven other branches spread across New Brunswick, North Brunswick, South Brunswick, Branchburg, Edison, and Martinsville, New Jersey.

Their main business is pretty straightforward: they take deposits from folks like us in their local communities (mostly Middlesex and Somerset Counties in New Jersey) and then lend that money out. They offer a variety of loans, including commercial real estate, home mortgages, business loans (even for small businesses through SBA programs), home equity loans, and construction loans. They also invest some of that money in things like mortgage-backed securities and government bonds. They make their money from the interest they earn on these loans and investments, plus some fees for their services.

Where They Operate Their primary stomping ground for attracting deposits is the Middlesex and Somerset Counties in New Jersey. These are pretty well-off areas with high median household incomes, typical of the New York metropolitan area surroundings. For lending, they cast a wider net across all of New Jersey.

Financial Snapshot (as of September 30, 2025) As of the end of their fiscal year, Magyar Bancorp was managing nearly a billion dollars in assets, specifically $997.7 million. They held $814.3 million in deposits from their customers and had $118.8 million in stockholders' equity (that's the owners' stake in the company).

A Note for Investors The company's common stock trades on The NASDAQ Stock Market LLC under the symbol MGYR. As of December 15, 2025, there were 6,477,991 shares of their common stock outstanding. It's also worth noting that the company is considered a "smaller reporting company" and a "non-accelerated filer," which are technical terms related to their size and reporting requirements. Like any company, their annual report includes "forward-looking statements," which are their best guesses about what might happen in the future, and these always come with some risks.

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Key Takeaways for Investors:

• Established Local Presence: Magyar Bancorp operates through Magyar Bank, a New Jersey-based savings bank founded in 1922, with a main office and seven branches primarily serving Middlesex and Somerset Counties.
• Core Banking Business: The company focuses on traditional banking activities, taking deposits and providing a range of loans including commercial real estate, home mortgages, business loans, home equity, and construction loans, alongside investments in securities.
• Solid Financial Footing (as of Sept 30, 2025): The company reported nearly a billion dollars in assets ($997.7 million), supported by $814.3 million in customer deposits and $118.8 million in stockholders' equity.
• Publicly Traded: Magyar Bancorp's common stock trades on NASDAQ under the ticker MGYR, with 6,477,991 shares outstanding as of December 15, 2025.