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Magyar Bancorp MGYR · USD

Financials · US listing · 🇺🇸 United States

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21.87

-0.14%

Close of 9 Nov 2026, in USD

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About Magyar Bancorp

From its filings with the US Securities and Exchange Commission

SEC filings

Magyar Bancorp is based in New Brunswick, New Jersey. Its shares trade on Nasdaq under the ticker MGYR. The SEC classifies its business as savings institution, federally chartered. In the fiscal year to 30 September 2025, it reported net income of $9.8m. At that date it held total assets of $997.7m and shareholders' equity of $118.8m.

Read the filing on SEC.gov ↗

Company facts

Sector
Financials
Industry
Thrifts & Mortgage Finance
Listed since
24 Jan 2006
Employees
91
Head office
400 SOMERSET STREET, NEW BRUNSWICK, NJ, 08901
Classification
Savings Institution, Federally Chartered
Filer status
Non-accelerated filer<br>Smaller reporting company

Leadership

Pay as last reported

  • Mr. Thomas LankeyIndependent Chairman of the Board, since 2017$128,277
  • Mr. John FitzgeraldPresident, Chief Executive Officer, Director$1.2m
  • Mr. Andrew HodulikIndependent Vice Chairman of the Board$116,659
  • Mr. Jon AnsariChief Financial Officer, Executive Vice President, Director, since 2005$765,678
  • Mr. Peter BrownSenior Vice President, Chief Lending Officer$341,370
  • Ms. Susan EisenhauerIndependent Director$65,480
  • Mr. Michael LombardiIndependent Director$10,380
  • Ms. Maureen RuaneIndependent Director$67,530
  • Mr. Joseph YelencsicsIndependent Director$79,150
  • Mr. John ReissnerInvestor Relations

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Magyar Bancorp employs 91 full-time employees in New Brunswick, New Jersey.
  • The Bank attracts retail deposits from Middlesex and Somerset Counties, New Jersey.
  • Magyar Bancorp offers residential mortgage loans and SBA loans in its primary business.

Weaknesses

  • Magyar Bancorp has 91 employees, which is fewer than larger financial institutions.
  • The Bank's operations are limited to New Brunswick, Middlesex, and Somerset Counties.
  • Magyar Bancorp's IPO was on 24 January 2006, indicating a long-standing presence.

Opportunities

  • Magyar Bancorp can expand its branch network within New Jersey counties.
  • The Bank can increase its commercial real estate loan portfolio in New Jersey.
  • Magyar Bancorp may grow its small business administration loan offerings.

Threats

  • Magyar Bancorp faces competition from larger banks in New Jersey.
  • The Bank's reliance on local deposits could be affected by economic downturns.
  • Magyar Bancorp's limited geographic presence may hinder growth opportunities.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
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