NEW BRUNSWICK, N.J. , May 12, 2025 /PRNewswire/ -- Magyar Bancorp, Inc. (Nasdaq: MGYR), the parent company of Magyar Bank, was recently recognized by KBW as a member of their 2025 Bank Honor Roll, comprising 16 elite, high-performing Banks with the strongest and/or most consistent earnings growth over the past decade. This marks the second consecutive year that Magyar was named to the KBW Honor Roll.

The banks were selected based on two criteria: 1) consistent earnings growth over the past 10 years, and/or 2) top 5% of banks based on 10-year earnings per share compound annual growth rate. The honor represents just 5% of eligible banks.

The KBW Bank Honor Roll is published by Keefe, Bruyette & Woods, Inc., a leading investment bank specializing in the financial services industry.
"We are honored to be recognized for the second consecutive year as one of KBW's top performing banks," stated John Fitzgerald, President and CEO of Magyar Bank. "Community banking is not just our business, but our business strategy, and it has produced consistent earnings growth and a positive return for our shareholders. The dedication of our employees and leadership in the communities we serve has Magyar prepared to build upon this success for years to come."

About Magyar Bancorp
Magyar Bancorp is the parent company of Magyar Bank, a community bank headquartered in New Brunswick, New Jersey, serving families and businesses in Central New Jersey since 1922. Please visit us online at www.magbank.com.

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SOURCE Magyar Bancorp