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Stock impact report

Magyar Bancorp, Inc. Announces Third Quarter Financial Results

Magyar Bancorp, Inc. (MGYR) 
US:NASDAQ Investor Relations: magbank.com
Company Research Source: PR Newswire
NEW BRUNSWICK, N.J., July 22, 2019 /PRNewswire/ -- Magyar Bancorp (NASDAQ: MGYR) (the "Company"), parent company of Magyar Bank, reported today the results of its operations for the three and nine months ended June 30, 2019.The Company reported a 21% increase in net income to $726,000 for the three months ended June 30, 2019, compared to net income of $599,000 for the three months ended June 30, 2018. Net income for the nine months ended June 30, 2019 increased 65% to $2.2 million compared to net income of $1.3 million for the nine months ended June 30, 2018. The net income per share was $0.12 for the three months ended June 30, 2019 and $0.10 for the three months ended June 30, 2018. The net income per share was $0.37 for the nine months ended June 30, 2019 compared to $0.23 for the nine months ended June 30, 2018. "Our fiscal third quarter was another strong performance for Magyar Bancorp," stated John Fitzgerald, President and Chief Executive Officer.  "Earnings for the third qu Show less Read more
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