Magyar Bancorp, Inc. (MGYR)

Magyar Bancorp Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Interest Income on Loans	41.2	35.23	27.84	27.55	25.63	25.15
Interest Income on Investments	5.22	2.84	1.66	0.98	1.3	1.95
Total Interest Income	46.42	38.07	29.5	28.53	26.93	27.1
Interest Paid on Deposits	17.55	9.49	2.07	2.29	4.77	5.92
Interest Paid on Borrowings	0.92	0.85	0.41	0.65	0.74	0.79
Total Interest Expense	18.46	10.33	2.48	2.94	5.51	6.71
Net Interest Income	27.96	27.73	27.02	25.59	21.41	20.39
Net Interest Income Growth (YoY)	-0.02%	2.65%	5.60%	19.49%	5.01%	3.51%
Gain (Loss) on Sale of Assets	0.05	-	-	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	0.07	0.12
Other Non-Interest Income	1.98	2.12	1.72	2.66	1.33	1.83
Total Non-Interest Income	2.47	2.68	2.72	3.41	1.72	2.14
Non-Interest Income Growth (YoY)	-7.49%	-1.22%	-20.36%	98.66%	-19.66%	0.71%
Revenues Before Loan Losses	30.43	30.42	29.73	29	23.13	22.53
Provision for Loan Losses	0.39	0.38	0.3	1.63	1.67	0.67
Revenue	30.04	30.04	29.43	27.37	21.46	21.86
Revenue Growth (YoY)	-0.78%	2.06%	7.54%	27.50%	-1.82%	4.97%
Salaries and Employee Benefits	10.9	10.35	10.3	10.51	10.16	9.98
Occupancy Expenses	0.84	0.84	0.84	0.84	0.85	0.87
Federal Deposit Insurance	0.41	0.34	0.22	0.42	0.48	0.33
Selling, General & Administrative	5.68	5.62	4.97	4.75	4.41	4.01
Other Non-Interest Expense	2.39	2.15	1.94	1.9	1.95	2.08
Total Non-Interest Expense	20.21	19.29	18.26	18.64	18.35	17.6
EBT Excluding Unusual Items	9.83	10.74	11.17	8.73	3.11	4.26
Pretax Income	9.83	10.74	11.17	8.73	3.11	4.26
Income Tax Expense	2.4	3.03	3.25	2.61	0.92	1.27
Net Income	7.43	7.71	7.92	6.12	2.19	3
Net Income to Common	7.43	7.71	7.92	6.12	2.19	3
Net Income Growth	-6.65%	-2.65%	29.40%	179.45%	-26.90%	47.59%
Basic Shares Outstanding	6	6	7	6	7	7
Diluted Shares Outstanding	6	6	7	6	7	7
Shares Change (YoY)	-2.00%	-5.26%	12.33%	-15.02%	-0.06%	-
EPS (Basic)	1.16	1.20	1.17	1.01	0.31	0.42
EPS (Diluted)	1.16	1.20	1.17	1.01	0.31	0.42
EPS Growth	-5.11%	2.76%	15.20%	228.86%	-26.86%	47.59%
Dividend Per Share	0.170	0.120	0.090	-	-	-
Dividend Growth	41.67%	33.33%	-	-	-	-
Effective Tax Rate	24.43%	28.23%	29.10%	29.86%	29.60%	29.69%

Source: S&P Capital IQ. Banks template. Financial Sources.