Magyar Historical Income Statement

MGYR Stock

USD 14.65 0.25 1.74%

Historical analysis of Magyar Bancorp income statement accounts such as Total Revenue of 19 M can show how well Magyar Bancorp performed in making a profits. Evaluating Magyar Bancorp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Magyar Bancorp's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Magyar Bancorp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Magyar Bancorp is a good buy for the upcoming year.

Net Income Gross Profit

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magyar Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

To learn how to invest in Magyar Stock, please use our How to Invest in Magyar Bancorp guide.

About Magyar Income Statement Analysis

Magyar Bancorp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Magyar Bancorp shareholders. The income statement also shows Magyar investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Magyar Bancorp Income Statement Chart

At this time, Magyar Bancorp's Income Tax Expense is relatively stable compared to the past year. As of 12/26/2024, Net Income From Continuing Ops is likely to grow to about 9.3 M, while Selling General Administrative is likely to drop slightly above 9.5 M.

Selling General Administrative Total Revenue Gross Profit Operating Income Reconciled Depreciation

Total Revenue

Total revenue comprises all receipts Magyar Bancorp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Magyar Bancorp minus its cost of goods sold. It is profit before Magyar Bancorp operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Operating Income

Operating Income is the amount of profit realized from Magyar Bancorp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Magyar Bancorp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from Magyar Bancorp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Magyar Bancorp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magyar Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

To learn how to invest in Magyar Stock, please use our How to Invest in Magyar Bancorp guide.At this time, Magyar Bancorp's Income Tax Expense is relatively stable compared to the past year. As of 12/26/2024, Net Income From Continuing Ops is likely to grow to about 9.3 M, while Selling General Administrative is likely to drop slightly above 9.5 M.

	2021	2022	2023	2024 (projected)
Interest Expense	2.5M	10.3M	9.3M	5.4M
Depreciation And Amortization	839K	840K	11.0M	11.6M

Interest Expense Depreciation And Amortization

Magyar Bancorp income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling And Marketing Expenses	Net Income From Continuing Ops	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.39	0.24	0.28	0.28	0.68	-0.64	-0.69	0.23	-0.17	0.52	0.6	0.72	0.59	0.6	0.41	0.66	0.42	0.53	0.57	-0.87
Interest Expense	0.39		-0.39	0.52	0.53	0.72	-0.22	-0.17	0.28	0.08	-0.01	0.39	0.74	0.4	0.37	0.37	0.4	0.41	0.51	0.71	-0.12
Selling General Administrative	0.24	-0.39		0.15	0.14	-0.06	-0.31	-0.39	-0.1	-0.34	-0.04	0.03	-0.08	0.01	0.07	-0.26	0.11	0.11	0.14	0.05	-0.04
Total Revenue	0.28	0.52	0.15		1.0	0.23	-0.37	-0.29	0.0	-0.4	-0.61	0.22	0.51	0.22	0.24	-0.31	0.3	0.3	0.39	0.52	-0.04
Gross Profit	0.28	0.53	0.14	1.0		0.23	-0.37	-0.29	0.01	-0.39	-0.6	0.23	0.52	0.23	0.25	-0.3	0.31	0.31	0.41	0.53	-0.04
Other Operating Expenses	0.68	0.72	-0.06	0.23	0.23		-0.49	-0.52	0.06	-0.01	0.31	0.39	0.77	0.39	0.39	0.38	0.44	0.26	0.39	0.54	-0.44
Operating Income	-0.64	-0.22	-0.31	-0.37	-0.37	-0.49		0.99	0.54	0.11	-0.08	0.13	-0.38	0.13	0.12	0.27	0.03	0.28	0.09	-0.05	0.59
Ebit	-0.69	-0.17	-0.39	-0.29	-0.29	-0.52	0.99		0.49	0.14	-0.18	0.06	-0.41	0.06	0.06	0.18	-0.04	0.21	0.03	-0.08	0.63
Ebitda	0.23	0.28	-0.1	0.0	0.01	0.06	0.54	0.49		0.01	0.39	0.73	0.24	0.72	0.74	0.75	0.67	0.84	0.74	0.65	-0.06
Cost Of Revenue	-0.17	0.08	-0.34	-0.4	-0.39	-0.01	0.11	0.14	0.01		0.31	-0.33	-0.36	-0.32	-0.37	0.05	-0.38	-0.37	-0.37	-0.35	0.0
Total Operating Expenses	0.52	-0.01	-0.04	-0.61	-0.6	0.31	-0.08	-0.18	0.39	0.31		0.31	0.1	0.31	0.31	0.73	0.27	0.19	0.17	0.12	-0.58
Income Before Tax	0.6	0.39	0.03	0.22	0.23	0.39	0.13	0.06	0.73	-0.33	0.31		0.74	1.0	0.99	0.72	0.99	0.93	0.93	0.85	-0.39
Total Other Income Expense Net	0.72	0.74	-0.08	0.51	0.52	0.77	-0.38	-0.41	0.24	-0.36	0.1	0.74		0.75	0.72	0.46	0.78	0.61	0.73	0.83	-0.48
Net Income	0.59	0.4	0.01	0.22	0.23	0.39	0.13	0.06	0.72	-0.32	0.31	1.0	0.75		0.99	0.73	0.99	0.92	0.93	0.85	-0.39
Income Tax Expense	0.6	0.37	0.07	0.24	0.25	0.39	0.12	0.06	0.74	-0.37	0.31	0.99	0.72	0.99		0.69	0.98	0.93	0.92	0.85	-0.38
Selling And Marketing Expenses	0.41	0.37	-0.26	-0.31	-0.3	0.38	0.27	0.18	0.75	0.05	0.73	0.72	0.46	0.73	0.69		0.66	0.69	0.67	0.62	-0.3
Net Income From Continuing Ops	0.66	0.4	0.11	0.3	0.31	0.44	0.03	-0.04	0.67	-0.38	0.27	0.99	0.78	0.99	0.98	0.66		0.91	0.93	0.86	-0.45
Tax Provision	0.42	0.41	0.11	0.3	0.31	0.26	0.28	0.21	0.84	-0.37	0.19	0.93	0.61	0.92	0.93	0.69	0.91		0.97	0.9	-0.13
Net Interest Income	0.53	0.51	0.14	0.39	0.41	0.39	0.09	0.03	0.74	-0.37	0.17	0.93	0.73	0.93	0.92	0.67	0.93	0.97		0.96	-0.21
Interest Income	0.57	0.71	0.05	0.52	0.53	0.54	-0.05	-0.08	0.65	-0.35	0.12	0.85	0.83	0.85	0.85	0.62	0.86	0.9	0.96		-0.21
Reconciled Depreciation	-0.87	-0.12	-0.04	-0.04	-0.04	-0.44	0.59	0.63	-0.06	0.0	-0.58	-0.39	-0.48	-0.39	-0.38	-0.3	-0.45	-0.13	-0.21	-0.21

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Magyar Bancorp Account Relationship Matchups

Magyar Bancorp income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	854K	835K	839K	840K	11.0M	11.6M
Interest Expense	5.5M	2.9M	2.5M	10.3M	9.3M	5.4M
Selling General Administrative	11.5M	11.8M	11.8M	755K	13.0M	9.5M
Total Revenue	23.1M	29.0M	231K	30.4M	31.5M	19.0M
Gross Profit	23.1M	29.0M	231K	30.4M	31.5M	19.0M
Other Operating Expenses	20.0M	(20.3M)	2.6M	19.7M	31.5M	33.1M
Operating Income	3.1M	8.7M	13.8M	10.7M	81K	77.0K
Ebit	3.1M	8.7M	11.2M	10.7M	81K	77.0K
Ebitda	4.0M	9.6M	12.0M	10.7M	11.1M	6.9M
Total Operating Expenses	(20.0M)	(20.3M)	2.6M	(19.7M)	1.2M	1.3M
Income Before Tax	3.1M	8.7M	11.2M	10.7M	11.1M	11.7M
Total Other Income Expense Net	3.1M	(2.6M)	(2.2M)	10.6M	11.0M	11.6M
Net Income Applicable To Common Shares	3.0M	2.2M	6.1M	7.9M	9.1M	9.6M
Net Income	2.2M	6.1M	7.9M	7.7M	7.8M	8.2M
Income Tax Expense	921K	2.6M	3.3M	3.0M	3.3M	3.5M
Net Income From Continuing Ops	2.2M	6.1M	7.9M	7.7M	8.9M	9.3M
Tax Provision	921K	2.6M	3.3M	3.0M	3.5M	1.8M
Net Interest Income	21.4M	25.6M	27.0M	27.7M	31.9M	23.6M
Interest Income	26.9M	28.5M	29.5M	38.1M	43.8M	28.9M
Reconciled Depreciation	854K	835K	839K	840K	756K	676.1K

Pair Trading with Magyar Bancorp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Magyar Bancorp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Magyar Bancorp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Magyar Stock

0.61	AX	Axos Financial	Pair Corr
0.68	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.62	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr

Moving against Magyar Stock

0.84	TFC-PO	Truist Financial	Pair Corr
0.82	NU	Nu Holdings	Pair Corr
0.82	TFC-PR	Truist Financial	Pair Corr
0.8	CFG-PE	Citizens Financial	Pair Corr
0.63	WF	Woori Financial Group	Pair Corr

The ability to find closely correlated positions to Magyar Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Magyar Bancorp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Magyar Bancorp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Magyar Bancorp to buy it.

The correlation of Magyar Bancorp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Magyar Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Magyar Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Magyar Bancorp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Magyar Stock Analysis

When running Magyar Bancorp's price analysis, check to measure Magyar Bancorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Magyar Bancorp is operating at the current time. Most of Magyar Bancorp's value examination focuses on studying past and present price action to predict the probability of Magyar Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magyar Bancorp's price. Additionally, you may evaluate how the addition of Magyar Bancorp to your portfolios can decrease your overall portfolio volatility.

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Magyar Historical Income Statement

About Magyar Income Statement Analysis

Magyar Bancorp Income Statement Chart

Total Revenue

Gross Profit

Operating Income

Magyar Bancorp income statement Correlations

Magyar Bancorp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Magyar Bancorp income statement Accounts

Pair Trading with Magyar Bancorp

Moving together with Magyar Stock

Moving against Magyar Stock

Additional Tools for Magyar Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Gross Profit	+ 1.0	Total Revenue
Net Income	+ 1.0	Income Before Tax
Ebit	+ 0.99	Operating Income
Income Tax Expense	+ 0.99	Income Before Tax
Net Income From Continuing Ops	+ 0.99	Income Before Tax
Income Tax Expense	+ 0.99	Net Income

Reconciled Depreciation	- 0.87	Depreciation And Amortization
Ebit	- 0.69	Depreciation And Amortization
Operating Income	- 0.64	Depreciation And Amortization
Total Operating Expenses	- 0.61	Total Revenue
Total Operating Expenses	- 0.6	Gross Profit
Reconciled Depreciation	- 0.58	Total Operating Expenses