Magyar Bancorp's Q1 net income rises

Reuters

Jan 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.)

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For any other questions or feedback, contact reuters.support@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. 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For any other questions or feedback, contact reuters.support@thomsonreuters.com.</p><p>(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.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4211","symbol_name":"区域性银行","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260129:nL1N3YU1HO:1","article_id":"2607059366","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2607059366","pubTimestamp":1769721016,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Magyar Bancorp's Q1 net income risesOverviewU.S. community bank's fiscal Q1 net income rose 50% yr/yr to $3.1 mlnNet interest margin increased by 37 basis points to 3.59%Company declared quarterly div","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4211":"区域性银行","MGYR":"Magyar Bancorp","BK4195":"互助储蓄与抵押信贷金融服务"},"translate_title":"Magyar Bancorp第一季度净利润增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MGYR":0.9},"content_text":"Magyar Bancorp's Q1 net income risesOverviewU.S. community bank's fiscal Q1 net income rose 50% yr/yr to $3.1 mlnNet interest margin increased by 37 basis points to 3.59%Company declared quarterly dividend of $0.10 per shareOutlookMagyar Bancorp expects net interest margin trend to continue throughout the yearResult DriversNET INTEREST INCOME - Co reported higher net interest income due to increased interest-earning assets and improved net interest marginRATE CUTS AND LOAN REPRICING - Federal Reserve rate cuts and repricing of commercial term loans increased net interest marginKey DetailsMetricBeat/MissActualConsensus EstimateQ1 Dividend$0.10Press Release: ID:nPn1v5czjaFor 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.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}