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Magyar Bancorp, Inc. 8-K Report: Key Updates as of February 20, 2025

$MGYR
Form 8-K
Filed on: 2025-02-24
Source
Magyar Bancorp, Inc. 8-K Report: Key Updates as of February 20, 2025

Based on the provided section of the financial report, here are the key insights and important information extracted:

  1. Company Identification:
  • Name: Magyar Bancorp, Inc.
  • CIK (Central Index Key): 0001337068
  • IRS Employer Identification Number (EIN): 20-4154978
  • Address: 400 Somerset Street, New Brunswick, NJ 08901
  • Phone Number: (732) 342-7600
  1. Filing Information:
  • Filing Type: 8-K (a report of unscheduled material events or corporate changes)
  • Filing Date: February 20, 2025
  • SEC File Number: 000-51726
  1. Stock Information:
  • Common Stock: The company has common stock with a par value of $0.01 per share.
  • Ticker Symbol: MGYR
  • Exchange: NASDAQ
  1. Financial Period:
  • Report Date: The report covers a specific date: February 20, 2025.
  1. Units of Measurement:
  • Currency: The financial data is reported in USD (United States Dollars).
  • Stock Units: Shares are also referenced, though specific share-related financial data is not included in the provided text.
  1. Schema Reference:
  • The report references an XBRL schema file named "mgyr-20250220.xsd", which is used for reporting financial data in a structured format.

Summary Insights:

  • This report is a Form 8-K, indicating that Magyar Bancorp, Inc. has disclosed significant information or events relevant to its operations as of February 20, 2025.
  • The company is publicly traded on NASDAQ under the ticker symbol MGYR, with a small par value for its common stock, suggesting a typical structure for a publicly listed bank.
  • The filing appears to be part of an ongoing regulatory compliance effort to keep investors informed about material changes or events within the company.