Magyar Bancorp (MGYR) Reports Q3 EPS of $0.04

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Magyar Bancorp, Inc. Announces Third Quarter Financial Results

July 21, 2015 9:58 AM EDT

NEW BRUNSWICK, N.J., July 21, 2015 /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, 2015.

The Company reported net income of $245,000 for the three months ended June 30, 2015, compared to net income of $188,000 for the three months ended June 30, 2014. Net income for the nine months ended June 30, 2015 was $574,000 compared to net income of $382,000 for the nine months ended June 30, 2014.

The net income per share was $0.04 for the three months ended June 30, 2015... More