Complete financial analysis of Magyar Bancorp, Inc. (MGYR) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Magyar Bancorp, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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Magyar Bancorp, Inc. (MGYR)
About Magyar Bancorp, Inc.
Magyar Bancorp, Inc. operates as the holding company for Magyar Bank that provides various consumer and commercial banking services to individuals, businesses, and nonprofit organizations in New Jersey, the United States. It accepts various deposit accounts, including demand, savings, NOW, money market, and retirement accounts, as well as certificates of deposit. The company also provides residential mortgage loans, multi-family and commercial real estate mortgage loans, home equity loans and lines of credit, commercial business loans, and construction loans, as well as small business administration loans. In addition, it offers non-deposit investment products and financial planning services, including insurance products, fixed and variable annuities, and retirement planning for individual and commercial customers; and buys, sells, and holds investment securities. The company has seven branch offices located in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater, and Edison, New Jersey. Magyar Bancorp, Inc. was founded in 1922 and is headquartered in New Brunswick, New Jersey.
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 31.50M | 30.42M | 231.00K | 29.00M | 23.13M | 22.53M | 21.82M | 20.20M | 19.06M | 18.23M | 17.51M | 17.17M | 17.16M | 16.93M | 18.10M | 17.23M | 15.99M | 15.13M | 14.19M | 13.21M | 998.00K | 1.20M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 322.00K | 269.00K | 220.00K | 276.00K | 490.00K | 309.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 31.50M | 30.42M | 231.00K | 29.00M | 23.13M | 22.53M | 21.50M | 19.94M | 18.84M | 17.96M | 17.02M | 16.86M | 17.16M | 16.93M | 18.10M | 17.23M | 15.99M | 15.13M | 14.19M | 13.21M | 998.00K | 1.20M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 98.52% | 98.67% | 98.85% | 98.49% | 97.20% | 98.20% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 13.03M | 755.00K | 11.80M | 11.77M | 11.55M | 11.31M | 10.90M | 10.33M | 9.94M | 9.62M | 9.22M | 8.93M | 9.16M | 9.26M | 8.74M | 8.06M | 8.44M | 7.94M | 6.95M | 5.16M | 3.79M | 3.11M |
| Selling & Marketing | 402.00K | 366.00K | 447.00K | 226.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 178.00K | 157.00K | 226.00K | 244.00K | 286.00K | 329.00K | 371.00K | 0.00 | 0.00 |
| SG&A | 13.44M | 1.12M | 12.25M | 11.77M | 11.55M | 11.31M | 10.90M | 10.33M | 9.94M | 9.62M | 9.22M | 8.93M | 9.16M | 9.44M | 8.90M | 8.28M | 8.69M | 8.23M | 7.28M | 5.53M | 3.79M | 3.11M |
| Other Expenses | 0.00 | -19.68M | -4.11M | -32.04M | -31.57M | -29.58M | -24.25M | -24.07M | -23.50M | -23.07M | -22.02M | -21.16M | -19.88M | 0.00 | -17.49M | 0.00 | -13.25M | -6.84M | 0.00 | -10.27M | 336.00K | 3.05M |
| Operating Expenses | 1.20M | -19.68M | 2.57M | -20.27M | -20.02M | -18.27M | -13.35M | -13.75M | -13.56M | -13.45M | -12.80M | -12.23M | -10.72M | 1.18M | -8.59M | 1.08M | -4.56M | 1.39M | 1.04M | -4.74M | 4.13M | 6.16M |
| Cost & Expenses | 31.53M | -19.68M | 2.57M | -20.27M | -20.02M | -18.27M | -13.35M | 269.00K | 220.00K | 276.00K | 490.00K | 309.00K | -10.72M | 1.18M | -8.59M | 1.08M | -4.56M | 1.39M | 1.04M | -4.74M | 4.13M | 6.16M |
| Interest Income | 0.00 | 38.07M | 29.50M | 28.53M | 26.93M | 27.10M | 24.35M | 21.98M | 20.45M | 19.44M | 19.53M | 19.67M | 20.81M | 22.23M | 25.13M | 26.34M | 28.82M | 29.23M | 23.60M | 15.51M | 12.58M | 13.37M |
| Interest Expense | 0.00 | 10.33M | 2.48M | 2.94M | 5.51M | 6.71M | 4.65M | 3.77M | 3.53M | 3.20M | 3.46M | 4.35M | 5.81M | 7.41M | 9.31M | 12.19M | 14.29M | 15.55M | 10.39M | 5.95M | 4.26M | 5.21M |
| Depreciation & Amortization | 11.02M | 840.00K | 839.00K | 835.00K | 854.00K | 871.00K | 861.00K | 816.00K | 778.00K | 845.00K | 919.00K | 927.00K | 935.00K | 974.00K | 1.14M | 1.12M | 1.05M | 1.30M | 1.17M | 685.00K | 503.00K | 511.00K |
| EBITDA | 11.10M | 11.58M | 12.01M | 9.56M | 4.27M | 4.85M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.77M | 0.00 | 0.00 |
| EBITDA Ratio | 35.24% | 35.31% | 6,356.28% | 32.97% | 17.14% | 22.78% | 41.29% | 34.68% | 31.81% | 29.35% | 29.35% | 32.39% | 42.97% | 48.29% | 58.82% | 42.02% | 78.03% | 117.77% | 80.57% | 69.27% | 564.23% | 655.75% |
| Operating Income | 81.00K | 10.74M | 13.84M | 8.73M | 3.11M | 4.26M | 8.15M | 6.19M | 5.29M | 4.51M | 4.22M | 4.64M | 6.44M | 434.00K | 9.51M | 490.00K | 11.43M | 16.52M | 302.00K | 8.46M | 5.13M | 7.36M |
| Operating Income Ratio | 0.26% | 35.31% | 5,993.07% | 30.09% | 13.45% | 18.91% | 37.35% | 30.64% | 27.73% | 24.72% | 24.10% | 26.99% | 37.52% | 2.56% | 52.54% | 2.84% | 71.48% | 109.16% | 2.13% | 64.08% | 513.83% | 613.17% |
| Total Other Income/Expenses | 11.02M | -2.49M | -2.15M | -2.55M | -2.73M | -2.53M | -2.88M | -2.79M | -3.01M | -2.86M | -2.95M | -2.87M | -6.74M | -206.00K | -10.45M | -6.07M | -2.86M | 0.00 | -425.00K | -2.26M | -4.76M | -5.21M |
| Income Before Tax | 11.10M | 10.74M | 11.17M | 8.73M | 3.11M | 4.26M | 3.50M | 2.42M | 1.76M | 1.31M | 759.00K | 283.00K | 630.00K | -206.00K | 201.00K | -6.07M | -2.86M | 973.00K | -123.00K | 2.51M | 869.00K | 2.15M |
| Income Before Tax Ratio | 35.24% | 35.31% | 4,835.06% | 30.09% | 13.45% | 18.91% | 16.04% | 11.96% | 9.21% | 7.19% | 4.34% | 1.65% | 3.67% | -1.22% | 1.11% | -35.20% | -17.89% | 6.43% | -0.87% | 19.01% | 87.07% | 179.25% |
| Income Tax Expense | 3.32M | 3.03M | 3.25M | 2.61M | 921.00K | 1.27M | 1.47M | 994.00K | 664.00K | 413.00K | 185.00K | 21.00K | 121.00K | 43.00K | -3.74M | 55.00K | 82.00K | 257.00K | -128.00K | 951.00K | 257.00K | 624.00K |
| Net Income | 7.78M | 7.71M | 7.92M | 6.12M | 2.19M | 3.00M | 2.03M | 1.42M | 1.09M | 897.00K | 574.00K | 262.00K | 509.00K | -249.00K | 3.94M | -6.12M | -2.94M | 716.00K | 5.00K | 1.56M | 612.00K | 1.53M |
| Net Income Ratio | 24.71% | 25.35% | 3,428.14% | 21.11% | 9.47% | 13.30% | 9.30% | 7.04% | 5.72% | 4.92% | 3.28% | 1.53% | 2.97% | -1.47% | 21.77% | -35.52% | -18.40% | 4.73% | 0.04% | 11.81% | 61.32% | 127.25% |
| EPS | 1.23 | 1.20 | 1.17 | 1.01 | 0.31 | 0.42 | 0.35 | 0.24 | 0.19 | 0.15 | 0.10 | 0.05 | 0.09 | -0.04 | 0.68 | -1.06 | -0.51 | 0.12 | 0.00 | 0.30 | 0.12 | 0.30 |
| EPS Diluted | 1.23 | 1.20 | 1.17 | 1.01 | 0.31 | 0.42 | 0.35 | 0.24 | 0.19 | 0.15 | 0.10 | 0.05 | 0.09 | -0.04 | 0.68 | -1.06 | -0.51 | 0.12 | 0.00 | 0.30 | 0.12 | 0.30 |
| Weighted Avg Shares Out | 6.34M | 6.42M | 6.78M | 6.04M | 7.10M | 7.11M | 5.80M | 5.82M | 5.74M | 5.82M | 5.74M | 5.24M | 5.66M | 5.80M | 5.78M | 5.77M | 5.77M | 5.97M | 5.92M | 5.15M | 5.15M | 5.15M |
| Weighted Avg Shares Out (Dil) | 6.34M | 6.42M | 6.78M | 6.04M | 7.10M | 7.11M | 5.80M | 5.93M | 5.74M | 5.98M | 5.74M | 5.24M | 5.66M | 5.80M | 5.78M | 5.77M | 5.77M | 5.97M | 5.92M | 5.15M | 5.15M | 5.15M |
MAGYAR BANCORP, INC. DECLARES SPECIAL CASH DIVIDEND
NEW BRUNSWICK, N.J. , Nov. 22, 2024 /PRNewswire/ -- Magyar Bancorp, Inc. (NASDAQ: MGYR) announced that its Board of Directors has declared a special cash dividend of $0.04, payable December 20, 2024 to shareholders of record on December 6, 2024.
MAGYAR BANCORP, INC. ANNOUNCES FISCAL FOURTH QUARTER AND FISCAL YEAR END FINANCIAL RESULTS, DECLARES QUARTERLY DIVIDEND
NEW BRUNSWICK, N.J. , Oct. 31, 2024 /PRNewswire/ -- Magyar Bancorp (NASDAQ: MGYR) (the "Company"), parent company of Magyar Bank, reported today the results of its operations for the three months and fiscal year ended September 30, 2024.
MAGYAR BANCORP, INC. ANNOUNCES THIRD QUARTER FINANCIAL RESULTS, DECLARES DIVIDEND, APPOINTS MICHAEL R.
NEW BRUNSWICK, N.J. , July 25, 2024 /PRNewswire/ -- Magyar Bancorp (NASDAQ: MGYR) ("Company"), parent company of Magyar Bank, reported today the results of its operations for the three and nine months ended June 30, 2024.
MAGYAR BANCORP, INC. ANNOUNCES SECOND QUARTER FINANCIAL RESULTS AND DECLARES DIVIDEND
NEW BRUNSWICK, N.J. , April 23, 2024 /PRNewswire/ -- Magyar Bancorp (NASDAQ: MGYR) ("Company"), parent company of Magyar Bank, reported today the results of its operations for the three and six months ended March 31, 2024.
MAGYAR BANCORP, INC. ANNOUNCES FIRST QUARTER FINANCIAL RESULTS AND DECLARES DIVIDEND
NEW BRUNSWICK, N.J. , Jan. 25, 2024 /PRNewswire/ -- Magyar Bancorp (NASDAQ: MGYR) ("Company"), parent company of Magyar Bank, reported today the results of its operations for the three months ended December 31, 2023.
MAGYAR BANCORP, INC. DECLARES SPECIAL CASH DIVIDEND
NEW BRUNSWICK, N.J. , Nov. 14, 2023 /PRNewswire/ -- Magyar Bancorp, Inc. (NASDAQ: MGYR) announced that its Board of Directors has declared a special cash dividend of $0.07, payable December 12, 2023 to shareholders of record on November 28, 2023.
MAGYAR BANCORP, INC. ANNOUNCES FISCAL FOURTH QUARTER AND FISCAL YEAR END FINANCIAL RESULTS, DECLARES INCREASED QUARTERLY DIVIDEND
NEW BRUNSWICK, N.J. , Oct. 30, 2023 /PRNewswire/ -- Magyar Bancorp (NASDAQ: MGYR) (the "Company"), parent company of Magyar Bank, reported today the results of its operations for the three months and fiscal year ended September 30, 2023.
MAGYAR BANCORP, INC. ANNOUNCES THIRD QUARTER FINANCIAL RESULTS AND DECLARES DIVIDEND
NEW BRUNSWICK, N.J. , July 20, 2023 /PRNewswire/ -- Magyar Bancorp (NASDAQ: MGYR) ("Company"), parent company of Magyar Bank, reported today the results of its operations for the three and nine months ended June 30, 2023.
Magyar Bancorp, Inc. Announces Completion Of Conversion And Related Stock Offering
NEW BRUNSWICK, N.J., July 14, 2021 /PRNewswire/ -- Magyar Bancorp, Inc. (NASDAQ: MGYR) (the "Company"), parent company of Magyar Bank, announced that Magyar Bancorp, MHC (the "MHC"), effective following the close of business today, has completed its conversion from the mutual holding...
Magyar Bancorp, Inc. Announces Expected Closing Date Of Conversion And Offering Results
NEW BRUNSWICK, N.J., July 12, 2021 /PRNewswire/ -- Magyar Bancorp, Inc. (NASDAQ: MGYR) (the "Company"), parent company of Magyar Bank, announced today that all regulatory approvals have been received to close the conversion of Magyar Bancorp, MHC (the "MHC") from the...
Source: https://incomestatements.info
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