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.
Earnings for Magyar Bancorp, Inc. (MGYR)
Earnings in 2024 (TTM): $11.1 M
According to Magyar Bancorp, Inc.'s latest financial reports the company's current earnings (TTM) are $11.1 M. The earnings displayed on this page is the company's Pretax Income.
Earnings history of Magyar Bancorp, Inc.
Annual Earnings
| Year | Income Before Tax | Net Income |
|---|---|---|
| 2024 | $11.1 M | $7.78 M |
| 2023 | $10.74 M | $7.71 M |
| 2022 | $11.17 M | $7.92 M |
| 2021 | $8.73 M | $6.12 M |
| 2020 | $3.11 M | $2.19 M |
| 2019 | $4.26 M | $3 M |
| 2018 | $3.5 M | $2.03 M |
| 2017 | $2.42 M | $1.42 M |
| 2016 | $1.76 M | $1.09 M |
| 2015 | $1.31 M | $897 K |
| 2014 | $759 K | $574 K |
| 2013 | $283 K | $262 K |
| 2012 | $630 K | $509 K |
| 2011 | $-206,000 | $-249,000 |
| 2010 | $201 K | $3.94 M |
| 2009 | $-6,065,000 | $-6,120,000 |
| 2008 | $-2,861,000 | $-2,943,000 |
| 2007 | $973 K | $716 K |
| 2006 | $-123,000 | $5 K |
| 2005 | $2.51 M | $1.56 M |
| 2004 | $869 K | $612 K |
| 2003 | $2.15 M | $1.53 M |