What happened with MGYR today?
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Magyar Bancorp, Inc. conducts its business through its wholly owned subsidiary, Magyar Bank, serving individuals and small to mid-sized businesses mainly in central and northern New Jersey. The bank gathers deposits through branches around New Brunswick and uses that money, supplemented by borrowings, to make loans. Commercial real estate accounts for most of its lending, followed by residential mortgages. Borrowers’ interest payments provide the main source of revenue; securities interest and banking fees also contribute.
Earnings depend chiefly on the gap between interest collected and interest paid on deposits and borrowings. Because its assets are mainly longer-term mortgage loans while its funding is mainly deposits, changes in interest rates can affect those two sides differently. Most loans are secured by New Jersey property, tying the business to local borrowers’ ability to repay and local real estate values.
The risk section is the longest, dullest part of the filing. This keeps only what can really hurt you: where it hits, how hard, when it plays out.
Every company claims an edge. Each one is checked against hard numbers like margins and returns: which hold, and which line gives way first.
Kearny Financial’s Kearny Bank competes with Magyar Bank for New Jersey deposits and mortgage borrowers; both use deposit funding to make substantial commercial and residential property loans. Watch Kearny’s apartment-building, nonresidential property and home mortgage lending for a comparison with Magyar’s property-heavy loan book.
Provident Financial Services’ Provident Bank competes with Magyar Bank for New Jersey deposits and borrowers paying interest on commercial property, business and home loans. Its commercial property lending is the closest comparison to Magyar, where commercial real estate accounted for 62.1% of loans at September 30, 2025; Provident also lends in Pennsylvania and New York, so its overall results cover more than their shared market.
BCB Bancorp’s BCB Community Bank competes directly with Magyar Bank for New Jersey depositors and commercial real estate borrowers, putting them in contention for both the funds they lend and the customers who pay interest on those loans.
Provident Financial Services, Inc. earningsPFS
Provident Financial's report will show how commercial-property lending and deposit costs are moving, offering a read on the borrowers and depositors it competes for with Magyar Bank in New Jersey.
Pair changes in Provident Financial's commercial real estate lending with the cost of its deposits. Steady loan growth without a marked rise in deposit costs would suggest borrower demand is holding up without clearly intensifying the fight for funding; slower lending alongside rising deposit costs would point to weaker demand and more expensive funding, pressuring Magyar Bank on both loan opportunities and funding. Provident also operates in Pennsylvania and New York, so its overall figures offer direction, not proof of the conditions in New Jersey.
Fed Interest Rate Decision
Magyar Bank’s interest income on loans and securities and its cost of deposits and borrowings move with market rates, changing the net interest income it earns from the difference.
Expected4.0%Last release4.0%
If it comes in above expectations
Higher rates can lift interest earned as adjustable-rate commercial term loans reprice, but can also raise what Magyar Bank pays for deposits and borrowings; the effect on its net interest income depends on which changes faster.
If it comes in below expectations
Lower rates can reduce what Magyar Bank earns as adjustable-rate commercial term loans reprice, while also easing its deposit and borrowing costs; the effect on net interest income depends on which changes faster.
