Magyar Bancorp, Inc. income statement

In fiscal 2023, Magyar Bancorp, Inc. reported revenue of $30.4m, up 2.3% on the year before and net income of $7.7m, or $1.20 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Magyar Bancorp, Inc.: income statement, annual
Fiscal year	2014Sept 2014	2015Sept 2015	2016Sept 2016	2017Sept 2017	2018Sept 2018	2019Sept 2019	2020Sept 2020	2021Sept 2021	2022Sept 2022	2023Sept 2023	LTMJun 2024
Revenue	18	18	19	20	22	23	23	29	30	30	30
Interest expense	3	3	4	4	5	7	6	3	2	10	—
Net interest income	16	16	17	18	20	20	21	26	27	28	28
Non-interest income	1	2	2	2	2	2	2	3	3	3	2
Non-interest expense	15	16	16	16	17	18	18	19	18	19	20
Provision for credit losses	1	1	1	1	1	1	2	2	0	0	0
Income before tax	1	1	2	2	4	4	3	9	11	11	10
Income tax	0	0	1	1	1	1	1	3	3	3	2
Net income	1	1	1	1	2	3	2	6	8	8	7
Diluted EPS	$0.08	$0.12	$0.19	$0.24	$0.29	$0.42	$0.31	$1.01	$1.17	$1.20	$1.17
Diluted shares (average)	7m	7m	7m	7m	7m	7m	7m	6m	7m	6m	6m

US$ thousands unless shown otherwise. Fiscal quarters.

Magyar Bancorp, Inc.: income statement, quarterly
Quarter	2022 Q4Sept 2022	2023 Q1Dec 2022	2023 Q2Mar 2023	2023 Q3Jun 2023	2023 Q4Sept 2023	2024 Q1Dec 2023	2024 Q2Mar 2024	2024 Q3Jun 2024
Revenue	8,056	7,488	7,577	7,511	7,838	7,853	7,545	7,193
Interest expense	875	1,610	2,228	2,887	3,608	4,313	4,997	—
Net interest income	7,239	6,891	6,946	6,890	7,008	7,244	6,923	6,784
Non-interest income	817	597	631	621	830	609	622	409
Non-interest expense	4,698	4,581	4,796	4,886	5,030	5,020	5,108	5,055
Provision for credit losses	−72	317	195	−81	−51	481	14	−54
Income before tax	3,430	2,590	2,586	2,706	2,859	2,352	2,423	2,192
Income tax	1,000	780	790	788	674	700	526	501
Net income	2,430	1,810	1,796	1,918	2,185	1,652	1,897	1,691
Diluted EPS	$0.36	$0.28	$0.28	$0.30	$0.34	$0.26	$0.30	$0.27

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Magyar Bancorp, Inc.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Magyar Bancorp, Inc.