Tue, May 13, 5:59 PM (61 days ago)
**Magyar Bancorp, Inc. (MGYR) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** $26.4 million (up 12.6% YoY) - **Net Income:** $4.8 million (up 34.3% YoY) - **Earnings per Share (EPS):** $0.77 (up 37.5% YoY) - **Profit Margins:** Net margin at 10.2%, up from 7.8% in Q1 2024 - **Cash Flow:** Positive operating cash flow, with $5.3 million generated **Key Metrics:** - **Loans Receivable:** $809.0 million (up 3.7% YoY) - **Deposits:** $857.7 million (up 7.7% YoY) - **Investment Securities:** $94.0 million (down 1.5% YoY) - **Allowance for Credit Losses:** $8.2 million (up 2.2% YoY) **Quarterly Performance:** - **Net Interest Income:** $15.3 million (up 8.1% YoY) - **Non-Interest Income:** $2.2 million (up 80.7% YoY) - **Operating Expenses:** $10.8 million (up 6.7% YoY) **Trends and Uncertainties:** - **Positive Trends:** Growth in loans, deposits, and net income - **Uncertainties:** Potential increases in credit losses and interest rates **Future Operations Impact:** - **Growth:** Continued focus on loan and deposit growth - **Risk Management:** Emphasis on maintaining strong credit quality and managing interest rate risk **Stock Performance:** - **Share Repurchase:** 37,486 shares repurchased during the quarter - **Stock Price:** $14.34 at the end of Q1 2025 **Conclusion:** Magyar Bancorp, Inc. demonstrated strong financial health and performance in Q1 2025, with notable growth in revenue, net income, and EPS. The company's focus on loan and deposit growth, along with effective risk management, positions it well for future operations. However, potential increases in credit losses and interest rates remain uncertainties that the company will need to monitor closely.