Magyar Bancorp Files 8-K on Financials
Ticker: MGYR · Form: 8-K · Filed: Oct 31, 2024 · CIK: 1337068
Sentiment: neutral
Topics: financial-reporting, 8-k, results-of-operations
TL;DR
Magyar Bancorp dropped its 8-K, check the financials for Q4.
AI Summary
Magyar Bancorp, Inc. filed an 8-K on October 31, 2024, reporting on its results of operations and financial condition, as well as other events. The filing includes financial statements and exhibits related to its fiscal year ending September 30, 2024. The company is a federally chartered savings institution based in New Brunswick, New Jersey.
Why It Matters
This filing provides crucial updates on Magyar Bancorp's financial performance and operational status, which is essential for investors and stakeholders to assess the company's health and future prospects.
Risk Assessment
Risk Level: low — This is a routine financial filing (8-K) that reports on past performance and events, not a significant event like a merger or major operational change.
Key Numbers
- 0930 — Fiscal Year End (Indicates the end of the reporting period for financial statements.)
Key Players & Entities
- Magyar Bancorp, Inc. (company) — Registrant
- October 31, 2024 (date) — Date of earliest event reported
- New Brunswick, New Jersey (location) — Principal Executive Offices
- 08901 (postal_code) — Zip Code of Principal Executive Offices
- 732-342-7600 (phone_number) — Registrant's telephone number
FAQ
What specific financial results are detailed in this 8-K filing?
The filing indicates it covers 'Results of Operations and Financial Condition' and includes 'Financial Statements and Exhibits', but the specific details of the results are not provided in the excerpt.
When was the earliest event reported in this filing?
The earliest event reported was on October 31, 2024.
What is the primary business of Magyar Bancorp, Inc.?
Magyar Bancorp, Inc. is identified as a 'SAVINGS INSTITUTION, FEDERALLY CHARTERED'.
Where are Magyar Bancorp, Inc.'s principal executive offices located?
The principal executive offices are located at 400 Somerset Street, New Brunswick, New Jersey, 08901.
What is the Commission File Number for Magyar Bancorp, Inc.?
The Commission File Number for Magyar Bancorp, Inc. is 000-51726.
Filing Stats: 585 words · 2 min read · ~2 pages · Grade level 9.6 · Accepted 2024-10-31 16:01:26
Key Financial Figures
- $0.01 — ch Registered Common Stock, par value $0.01 per share MGYR The NASDAQ Stock Mar
- $0.05 — s approved a quarterly cash dividend of $0.05 per common share to shareholders of rec
Filing Documents
- form8k-33075_mgyr.htm (8-K) — 27KB
- ex99-1.htm (EX-99.1) — 68KB
- image_001.jpg (GRAPHIC) — 9KB
- 0001174947-24-001197.txt ( ) — 290KB
- mgyr-20241031.xsd (EX-101.SCH) — 3KB
- mgyr-20241031_lab.xml (EX-101.LAB) — 34KB
- mgyr-20241031_pre.xml (EX-101.PRE) — 22KB
- form8k-33075_mgyr_htm.xml (XML) — 4KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition On October 31, 2024, Magyar Bancorp, Inc. (the "Company") issued a press release regarding its results of operations and financial condition at and for the three and twelve months ended September 30, 2024. The text of the press release is included as Exhibit 99.1 to this report. The information included in the press release text is considered to be "furnished" under the Securities Exchange Act of 1934. The Company will include financial statements and additional analyses at and for the three and twelve months ended September 30, 2024, as part of its Form 10-K for the period.
01. Other Events
Item 8.01. Other Events On October 31, 2024, the Company announced that its Board of Directors has approved a quarterly cash dividend of $0.05 per common share to shareholders of record at the close of business on November 14, 2024, payable on November 27, 2024. The text of the press release, dated October 31, 2024, announcing the dividend, and which also includes the Company's quarterly earnings announcement, as stated above, is included as Exhibit 99.1 to this report and is incorporated herein by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (a) Not applicable. (b) Not applicable. (c) Not applicable (d) Exhibits Exhibit Description 99.1 Press Release Dated October 31, 2024 104 The cover page for this Current Report on Form 8-K, formatted in Inline XBRL
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. MAGYAR BANCORP, INC. DATE: October 31, 2024 By: /s/ John S. Fitzgerald John S. Fitzgerald President and Chief Executive Officer