Magyar Bancorp, Inc. (MGYR) Financial Statements (2025 and earlier)

Company Profile

Business Address 400 SOMERSET STREET
NEW BRUNSWICK, NJ 08901
State of Incorp.
Fiscal Year End September 30
Industry (SIC) 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2024
MRQ
9/30/2024
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18,04872,53230,93675,20161,72621,469
Cash and cash equivalent25,59672,53230,93675,20161,72621,469
Short-term investments(7,548)     
Deferred costs      104
Total current assets:18,04872,53230,93675,20161,72621,573
Noncurrent Assets
Operating lease, right-of-use asset     3,2403,800
Property, plant and equipment12,54513,33913,88014,33114,74616,172
Long-term investments and receivables781,016689,0702,3002,3002,5002,900
Due from related parties2,3002,3002,5002,900
Long-term investments 854     
Accounts and financing receivable, after allowance for credit loss780,162689,070    
Other receivable, after allowance for credit loss  5,100
Total noncurrent assets:793,561707,50916,18016,63120,48622,872
Other undisclosed assets140,309127,251751,427682,158671,785585,883
TOTAL ASSETS:951,918907,292798,543773,990753,997630,328
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities  265    
Accrued liabilities  265    
Debt 3,50029,51515,625  10,294
Other liabilities  828    
Total current liabilities: 3,50030,60815,625  10,294
Noncurrent Liabilities
Liabilities, other than long-term debt 1,000     
Liability, pension and other postretirement and postemployment benefits 1,000     
Total noncurrent liabilities: 1,000     
Other undisclosed liabilities836,870771,894684,416676,349697,147565,383
Total liabilities:841,370802,502700,041676,349697,147575,677
Equity
Equity, attributable to parent, including:110,548104,790101,671100,87656,91554,865
Common stock717171715959
Treasury stock, value(7,364)(5,362)(5,793)(1,242)(1,242)(1,152)
Additional paid in capital63,08562,80163,73463,71326,29426,317
Deferred compensation equity(2,972)     
Accumulated other comprehensive loss(916)(1,789)(2,114)(947)(1,357)(1,330)
Retained earnings58,64452,16645,77339,28133,16130,971
Other undisclosed equity, attributable to parent  (3,097)    
Other undisclosed equity   (3,169)(3,235)(65)(214)
Total equity:110,548104,79098,50297,64156,85054,651
TOTAL LIABILITIES AND EQUITY:951,918907,292798,543773,990753,997630,328

Income Statement (P&L) ($ in thousands)

12/31/2024
TTM
9/30/2024
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
Revenues48,35138,59229,51228,54326,90526,954
Net investment income48,35137,92929,42528,43326,79926,954
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(90)(381)(304)(1,629)(1,666)(668)
Gross profit:48,26138,21129,20826,91425,23926,286
Operating expenses (5,718)(5,140)(5,673)(5,838)(5,271)
Other operating income, net3,61398    
Noninterest income, other operating income  98    
Other undisclosed operating income      
Operating income:51,87432,59124,06821,24119,40121,015
Nonoperating income (expense)(20,397)370372317324 
Bank owned life insurance income 370372317324 
Other nonoperating expense (20,397)     
Interest and debt expense  (10,334)(2,484)(2,941)(5,513)(6,710)
Other undisclosed loss from continuing operations before equity method investments, income taxes     (11,101)(10,044)
Income from continuing operations before equity method investments, income taxes:31,47722,62721,95618,6173,1114,261
Other undisclosed loss from continuing operations before income taxes(20,377)(11,886)(10,787)(9,892)  
Income from continuing operations before income taxes:11,10010,74111,1698,7253,1114,261
Income tax expense(3,317)(3,032)(3,250)(2,605)(921)(1,265)
Income from continuing operations:7,7837,7097,9196,1202,1902,996
Income before gain (loss) on sale of properties:7,9196,1202,1902,996
Net income available to common stockholders, diluted:7,7837,7097,9196,1202,1902,996

Comprehensive Income ($ in thousands)

12/31/2024
TTM
9/30/2024
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
Net income:7,7837,7097,9196,1202,1902,996
Other comprehensive income (loss)873325(1,167)410(27)144
Comprehensive income, net of tax, attributable to parent:8,6568,0346,7526,5302,1633,140

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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