Magyar Bancorp's Q1 net income rises

Reuters
01/30
<a href="https://laohu8.com/S/MGYR">Magyar Bancorp</a>'s Q1 net income rises

Overview

  • U.S. community bank's fiscal Q1 net income rose 50% yr/yr to $3.1 mln

  • Net interest margin increased by 37 basis points to 3.59%

  • Company declared quarterly dividend of $0.10 per share

Outlook

  • Magyar Bancorp expects net interest margin trend to continue throughout the year

Result Drivers

  • NET INTEREST INCOME - Co reported higher net interest income due to increased interest-earning assets and improved net interest margin

  • RATE CUTS AND LOAN REPRICING - Federal Reserve rate cuts and repricing of commercial term loans increased net interest margin

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Dividend

$0.10

Press Release: ID:nPn1v5czja

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10