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.
Revenue of Magyar Bancorp, Inc. (MGYR)
Revenue in 2023 (TTM): $30.42 M
According to Magyar Bancorp, Inc.'s latest financial reports the company's current revenue (TTM) is $30.42 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of Magyar Bancorp, Inc.
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $30.42 M | $30.42 M | $10.74 M | $10.74 M | $7.71 M |
| 2022 | $231 K | $231 K | $14.68 M | $11.17 M | $7.92 M |
| 2021 | $29 M | $29 M | $9.56 M | $8.73 M | $6.12 M |
| 2020 | $23.13 M | $23.13 M | $3.97 M | $3.11 M | $2.19 M |
| 2019 | $22.53 M | $22.53 M | $5.13 M | $4.26 M | $3 M |
| 2018 | $21.82 M | $21.5 M | $9.01 M | $3.5 M | $2.03 M |
| 2017 | $20.2 M | $19.94 M | $7.01 M | $2.42 M | $1.42 M |
| 2016 | $19.06 M | $18.84 M | $6.07 M | $1.76 M | $1.09 M |
| 2015 | $18.23 M | $17.96 M | $5.35 M | $1.31 M | $897 K |
| 2014 | $17.51 M | $17.02 M | $5.14 M | $759 K | $574 K |
| 2013 | $17.17 M | $16.86 M | $5.56 M | $283 K | $262 K |
| 2012 | $17.16 M | $17.16 M | $7.37 M | $630 K | $509 K |
| 2011 | $16.93 M | $16.93 M | $8.17 M | $-206,000 | $-249,000 |
| 2010 | $18.1 M | $18.1 M | $10.65 M | $201 K | $3.94 M |
| 2009 | $17.23 M | $17.23 M | $7.24 M | $-6,065,000 | $-6,120,000 |
| 2008 | $15.99 M | $15.99 M | $12.48 M | $-2,861,000 | $-2,943,000 |
| 2007 | $15.13 M | $15.13 M | $17.82 M | $973 K | $716 K |
| 2006 | $14.19 M | $14.19 M | $11.43 M | $-123,000 | $5 K |
| 2005 | $13.21 M | $13.21 M | $9.15 M | $2.51 M | $1.56 M |
| 2004 | $998 K | $998 K | $5.63 M | $869 K | $612 K |
| 2003 | $1.2 M | $1.2 M | $7.87 M | $2.15 M | $1.53 M |