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Magyar Bancorp (Magyar Bancorp) Pre-Tax Income : $10.34 Mil (TTM As of Dec. 2023)


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What is Magyar Bancorp Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. Magyar Bancorp's pretax income for the three months ended in Dec. 2023 was $2.35 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2023 was $10.34 Mil. Magyar Bancorp's pretax margin was 30.18%.

During the past 13 years, Magyar Bancorp's highest Pretax Margin was 37.56%. The lowest was 4.46%. And the median was 14.96%.


Magyar Bancorp Pre-Tax Income Historical Data

The historical data trend for Magyar Bancorp's Pre-Tax Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Magyar Bancorp Pre-Tax Income Chart

Magyar Bancorp Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Pre-Tax Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.26 3.11 8.73 11.17 10.74

Magyar Bancorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Pre-Tax Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.59 2.71 2.86 2.35 2.42

Competitive Comparison of Magyar Bancorp's Pre-Tax Income

For the Banks - Regional subindustry, Magyar Bancorp's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Magyar Bancorp's Pre-Tax Income Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Magyar Bancorp's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Magyar Bancorp's Pre-Tax Income falls into.



Magyar Bancorp Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Magyar Bancorp's Pretax Income for the fiscal year that ended in Sep. 2023 is calculated as

Pretax Income=Operating Income+Other
=0+10.741
=10.74

Magyar Bancorp's Pretax Income for the quarter that ended in Dec. 2023 is calculated as

Pretax Income=Operating Income+Other
=0+2.352
=2.35

Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $10.34 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Magyar Bancorp  (NAS:MGYR) Pre-Tax Income Explanation

Magyar Bancorp's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin=Pretax Income/Revenue
=2.352/7.793
=30.18%

During the past 13 years, Magyar Bancorp's highest Pretax Margin was 37.56%. The lowest was 4.46%. And the median was 14.96%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Magyar Bancorp Pre-Tax Income Related Terms

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Magyar Bancorp (Magyar Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
400 Somerset Street, New Brunswick, NJ, USA, 08901
Magyar Bancorp Inc is a mid-tier stock holding company. The Company offers a full array of commercial and retail financial services, including the taking of time, savings and demand deposits; the making of commercial, consumer and home equity loans; and the provision of other financial services. The business consists of getting retail deposits from the general public in the areas surrounding the main office in New Brunswick, New Jersey and branch offices located in Middlesex and Somerset Counties, New Jersey, and investing those deposits, together with funds generated from operations and wholesale funding, in residential mortgage loans, home equity loans, home equity lines of credit, commercial real estate loans, commercial business loans, Small Business Administration loans.
Executives
Michael F Lombardi director 1862 OAK TREE RD., C/O LOMBARDI & LOMBARDI, EDISNO NJ 08818
Maureen Ruane director 400 SOMERSET STREET, NEW BRUNSWICK NJ 08901
Susan Eisenhauer director 400 SOMERSET STREET, NEW BRUNSWICK NJ 08901
Peter Mcintyre Brown officer: SVP and CLO 400 SOMERSET STREET, NEW BRUNSWICK NJ 08901
Joseph A Yelencsics director 400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Jon Ansari officer: Senior Vice President, C.F.O. 400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
John S Fitzgerald officer: EVP and Chief Lending Officer 400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Lukacs Joseph J Jr director, other: Chairman of the Board 400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Stokes Edward C Iii director 400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Brian Stanley officer: SVP and Chief Lending Officer 400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Elizabeth E Hance director, officer: President and CEO 400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Salvatore J Romano director 400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Thomas Lankey director, other: Vice Chairman of the Board 400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Andrew G Hodulik director 400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Martin A Lukacs director 400 SOMERSET STREET, NEW BRUNSWICK NJ 08903

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