Magyar Bancorp, Inc. (MGYR)

Magyar Bancorp Income Statement

Financials in millions USD. Fiscal year is October - September.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Interest Income on Loans	46.06	43.11	35.23	27.84	27.55	25.63
Interest Income on Investments	5.47	5.47	2.84	1.66	0.98	1.3
Total Interest Income	51.52	48.57	38.07	29.5	28.53	26.93
Interest Paid on Deposits	21.52	19.73	9.49	2.07	2.29	4.77
Interest Paid on Borrowings	0.87	0.87	0.85	0.41	0.65	0.74
Total Interest Expense	22.4	20.6	10.33	2.48	2.94	5.51
Net Interest Income	29.13	27.97	27.73	27.02	25.59	21.41
Net Interest Income Growth (YoY)	3.78%	0.86%	2.65%	5.60%	19.49%	5.01%
Gain (Loss) on Sale of Assets	0.06	0.06	0.01	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	-	0.07
Other Non-Interest Income	2.64	1.65	2.11	1.72	2.66	1.33
Total Non-Interest Income	4.61	3.61	2.68	2.72	3.41	1.72
Non-Interest Income Growth (YoY)	71.65%	34.71%	-1.21%	-20.36%	98.66%	-19.66%
Revenues Before Loan Losses	33.73	31.59	30.42	29.73	29	23.13
Provision for Loan Losses	-0.33	0.09	0.38	0.3	1.63	1.67
Revenue	34.07	31.5	30.04	29.43	27.37	21.46
Revenue Growth (YoY)	12.12%	4.87%	2.06%	7.54%	27.50%	-1.82%
Salaries and Employee Benefits	17.32	11.02	10.35	10.3	10.51	10.16
Occupancy Expenses	0.89	0.89	0.84	0.84	0.84	0.85
Federal Deposit Insurance	0.42	0.42	0.34	0.22	0.42	0.48
Selling, General & Administrative	7.51	5.71	5.62	4.97	4.75	4.41
Other Non-Interest Expense	-5.07	2.35	2.15	1.94	1.9	1.95
Total Non-Interest Expense	21.08	20.4	19.29	18.26	18.64	18.35
EBT Excluding Unusual Items	12.99	11.1	10.74	11.17	8.73	3.11
Pretax Income	12.99	11.1	10.74	11.17	8.73	3.11
Income Tax Expense	3.99	3.32	3.03	3.25	2.61	0.92
Net Income	9	7.78	7.71	7.92	6.12	2.19
Net Income to Common	9	7.78	7.71	7.92	6.12	2.19
Net Income Growth	17.60%	0.96%	-2.65%	29.39%	179.45%	-26.90%
Basic Shares Outstanding	6	6	6	7	6	7
Diluted Shares Outstanding	6	6	6	7	6	7
Shares Change (YoY)	-1.28%	-1.29%	-5.26%	12.33%	-15.02%	-0.06%
EPS (Basic)	1.44	1.23	1.20	1.17	1.01	0.31
EPS (Diluted)	1.43	1.23	1.20	1.17	1.01	0.31
EPS Growth	19.36%	2.28%	2.76%	15.20%	228.86%	-26.86%
Dividend Per Share	0.210	0.190	0.120	0.090	-	-
Dividend Growth	40.00%	58.33%	33.33%	-	-	-
Effective Tax Rate	30.73%	29.88%	28.23%	29.10%	29.86%	29.60%

Updated Feb 13, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q