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Magyar Bancorp, Inc. key statistics and ratios

In fiscal 2023, Magyar Bancorp, Inc. had return on equity of 7.6% and a net margin of 25.3%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

Fiscal year2014Sept 20142015Sept 20152016Sept 20162017Sept 20172018Sept 20182019Sept 20192020Sept 20202021Sept 20212022Sept 20222023Sept 2023LTMJun 2024
Net margin3.3%4.9%5.7%7.0%9.3%13.3%9.5%21.1%26.6%25.3%24.4%
Return on equity1.2%1.9%2.3%2.9%4.0%5.7%3.9%7.9%8.1%7.6%6.9%
Return on assets0.1%0.2%0.2%0.2%0.3%0.5%0.3%0.8%1.0%0.9%0.8%
Effective tax rate24.4%31.5%37.8%41.1%42.0%29.7%29.6%29.9%29.1%28.2%24.4%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Moat

55 /100

Moderate moat

How hard Magyar Bancorp's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 7 / 20

    Net income has been a median 0.7% of total assets over 10 years.

  • Durability 9 / 20

    Net margin has been a median 12.9%; its worst year was 5.6%.

  • Discipline 20 / 20

    The diluted share count fell 11.6% over five years; stock-based pay has been a median 0.1% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (60 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

More: Regional Banks stocks compared, Financials sector, rankings of US companies

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.