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	Sep 30, 2024	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Interest Income on Loans	48.57	48.57	35.23	27.84	27.55	25.63
Interest Income on Investments	-	-	2.84	1.66	0.98	1.3
Total Interest Income	48.57	48.57	38.07	29.5	28.53	26.93
Interest Paid on Deposits	20.6	20.6	9.49	2.07	2.29	4.77
Interest Paid on Borrowings	-	-	0.85	0.41	0.65	0.74
Total Interest Expense	20.6	20.6	10.33	2.48	2.94	5.51
Net Interest Income	27.97	27.97	27.73	27.02	25.59	21.41
Net Interest Income Growth (YoY)	0.87%	0.87%	2.65%	5.60%	19.49%	5.01%
Gain (Loss) on Sale of Assets	0.06	0.06	-	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	-	0.07
Other Non-Interest Income	2.95	2.95	2.12	1.72	2.66	1.33
Total Non-Interest Income	3.61	3.61	2.68	2.72	3.41	1.72
Non-Interest Income Growth (YoY)	34.71%	34.71%	-1.22%	-20.36%	98.66%	-19.66%
Revenues Before Loan Losses	31.59	31.59	30.42	29.73	29	23.13
Provision for Loan Losses	0.09	0.09	0.38	0.3	1.63	1.67
Revenue	31.5	31.5	30.04	29.43	27.37	21.46
Revenue Growth (YoY)	4.87%	4.87%	2.06%	7.54%	27.50%	-1.82%
Salaries and Employee Benefits	-	-	10.35	10.3	10.51	10.16
Occupancy Expenses	-	-	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	-	-	5.62	4.97	4.75	4.41
Other Non-Interest Expense	19.98	19.98	2.15	1.94	1.9	1.95
Total Non-Interest Expense	20.4	20.4	19.29	18.26	18.64	18.35
EBT Excluding Unusual Items	11.1	11.1	10.74	11.17	8.73	3.11
Pretax Income	11.1	11.1	10.74	11.17	8.73	3.11
Income Tax Expense	3.32	3.32	3.03	3.25	2.61	0.92
Net Income	7.78	7.78	7.71	7.92	6.12	2.19
Net Income to Common	7.78	7.78	7.71	7.92	6.12	2.19
Net Income Growth	0.96%	0.96%	-2.65%	29.40%	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)	-1.51%	-1.51%	-5.26%	12.33%	-15.02%	-0.06%
EPS (Basic)	1.23	1.23	1.20	1.17	1.01	0.31
EPS (Diluted)	1.23	1.23	1.20	1.17	1.01	0.31
EPS Growth	2.51%	2.51%	2.76%	15.20%	228.86%	-26.86%
Dividend Per Share	0.200	0.200	0.120	0.090	-	-
Dividend Growth	66.67%	66.67%	33.33%	-	-	-
Effective Tax Rate	29.88%	29.88%	28.23%	29.10%	29.86%	29.60%

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