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Recognizing Performance: Magyar Bancorp on the KBW Bank Honor Roll

In a remarkable achievement, Magyar Bancorp, Inc. (Nasdaq: MGYR), has been included in the prestigious 2025 KBW Bank Honor Roll. This recognition represents a significant accolade for the parent company of Magyar Bank, which is known for its commitment to consistent earnings growth over the years. This year marks the second consecutive time Magyar Bancorp has found its name among the elite banks honored by Keefe, Bruyette & Woods, Inc., which has been a respected name in the financial services sector.

The KBW Bank Honor Roll

The KBW Bank Honor Roll is not merely an award; it is a reflection of outstanding performance across the banking landscape. To qualify for this honor, banks must meet stringent criteria that assess their financial health over the past decade. The banks selected exhibit consistent earnings growth and rank among the top 5% based on their compound annual growth rate of earnings per share over ten years. Impressively, only 5% of the eligible banks achieve this recognition, underscoring the caliber of Magyar Bancorp’s performance.

Consistent Growth and Community Commitment

John Fitzgerald, the President and CEO of Magyar Bank, expressed his pride upon receiving this recognition, noting, “We are honored to be recognized for the second consecutive year as one of KBW's top performing banks.” His statement reinforces the bank's dedication not just to profitability, but to serving the community effectively.

The strategy that drives Magyar Bank’s success is rooted in community banking. It's clear that their approach focuses on fostering relationships and building trust with clients, ensuring that every family and business they support feels valued. This commitment has paid off, resulting in not only strong earnings growth but also positive returns for shareholders.

A Legacy of Service

Founded in 1922, Magyar Bank has a rich history of serving families and businesses in Central New Jersey. Their longstanding presence in the community allows them to understand the unique challenges faced by local residents and businesses alike. This year, being recognized as one of the top-performing banks signifies more than just their financial performance; it underscores their impact within the community as a reliable financial partner.

Through their efforts, they continue to build upon the legacy of strong community ties and hold a significant place in the local financial landscape.

Looking Ahead

As Magyar Bancorp looks toward the future, the focus remains on leveraging their current success to fuel growth for years to come. The leadership team is committed to ensuring that the bank continues to thrive, providing exceptional service while delivering value to shareholders. The dedication of the employees to foster a positive experience for customers remains at the forefront of their strategy.

In conclusion, Magyar Bancorp's recognition by the KBW Bank Honor Roll not only highlights its financial successes but showcases its commitment to community engagement and service. As they continue to expand their influence and support their customers, Magyar Bank cements its role as a key player in New Jersey’s banking sector and beyond.