Magyar Bancorp (MGYR) Change in Net Loans (2010 - 2024)
Magyar Bancorp's (MGYR) quarterly Change in Net Loans came in at -$149.2 million in Q3 2024, down 3578.48% on a YoY basis from $4.3 million in Q4 2023, and down 237.56% quarter-over-quarter from $108.5 million in Q2 2024.
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Analysis
Magyar Bancorp (MGYR) Change in Net Loans (2010 - 2024) Analysis & Trends
Magyar Bancorp (MGYR) has reported Change in Net Loans for 15 consecutive years, with -$149.2 million the latest figure, recorded in Q3 2024.
- For the quarter ending Q3 2024, Change in Net Loans fell 3578.48% year-over-year to -$149.2 million; the trailing twelve-month figure through Sep 2024 stood at -$86.7 million (down 54.05% YoY), and the FY2024 full-year result was -$86.7 million, down 54.05% from the prior year.
- Change in Net Loans fell to -$149.2 million in Q3 2024 per MGYR's latest filing, from $108.5 million in the prior quarter.
- Across five years, Change in Net Loans topped out at $108.5 million in Q2 2024 and bottomed at -$149.2 million in Q3 2024.
- Historically, Change in Net Loans has averaged -$12.0 million across 5 years, with a median of -$6.8 million in 2020.
- The sharpest annual moves came in 2021 and 2024: Change in Net Loans surged 1925.51% in 2021, then sank 3578.48% in 2024.
- Over 5 years, Change in Net Loans stood at $3.9 million in 2020, then surged by 177.51% to $10.9 million in 2021, then tumbled by 525.77% to -$46.6 million in 2022, then soared by 31.4% to -$31.9 million in 2023, then sank by 367.19% to -$149.2 million in 2024.
- According to Business Quant data, Change in Net Loans over the past three periods registered -$149.2 million, $108.5 million, and -$14.0 million for Q3 2024, Q2 2024, and Q1 2024 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Net Loans (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 424.88 Bn | 544.83 Bn | - | -173.53 Bn |
| 2 | Truist Financial | 59.29 Bn | 59.29 Bn | - | 1.13 Bn |
| 3 | Fifth Third Bancorp | 47.98 Bn | 24.26 Bn | - | - |
| 4 | M&T Bank | 32.82 Bn | 32.82 Bn | - | 3.33 Bn |
| 5 | Huntington Bancshares | 32.08 Bn | 27.60 Bn | - | - |
| 6 | Citizens Financial | 28.34 Bn | 28.34 Bn | - | 4.38 Bn |
| 7 | Regions Financial | 24.27 Bn | 24.34 Bn | - | - |
| 8 | Keycorp | 22.19 Bn | -25.51 Bn | - | - |
| 9 | First Citizens Bancshares | 21.93 Bn | 21.41 Bn | 29.00 Mn | 2.56 Bn |
| 10 | Magyar Bancorp | 125.27 Mn | 113.80 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2024 | -149.19 Mn |
| Jun 30, 2024 | 108.46 Mn |
| Mar 31, 2024 | -14.00 Mn |
| Dec 31, 2023 | -31.93 Mn |
| Sep 30, 2023 | 4.29 Mn |
| Jun 30, 2023 | -19.70 Mn |
| Mar 31, 2023 | 5.71 Mn |
| Dec 31, 2022 | -46.55 Mn |
| Sep 30, 2022 | -5.50 Mn |
| Jun 30, 2022 | -7.45 Mn |
| Mar 31, 2022 | -35.22 Mn |
| Dec 31, 2021 | 10.93 Mn |
| Sep 30, 2021 | 22.00 Mn |
| Jun 30, 2021 | 11.13 Mn |
| Mar 31, 2021 | -19.93 Mn |
| Dec 31, 2020 | 3.94 Mn |
| Sep 30, 2020 | 1.09 Mn |
| Jun 30, 2020 | -59.71 Mn |
| Mar 31, 2020 | -6.84 Mn |
| Dec 31, 2019 | -7.42 Mn |
API Access
Magyar Bancorp Change in Net Loans API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-net-loans&ticker=MGYR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-net-loans", "ticker": "MGYR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-net-loans&ticker=MGYR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();