Magyar Bancorp (MGYR) Interest Expense - Deposits (2010 - 2026)

Magyar Bancorp has reported Interest Expense - Deposits for 17 years, with the latest figure at $5.3 million in Q1 2026.

• For the quarter ending Q1 2026, Interest Expense - Deposits fell 1.86% year-over-year to $5.3 million; the trailing twelve-month figure through Mar 2026 stood at $21.7 million (up 0.67% YoY), and the FY2025 full-year result was $21.8 million, up 10.3% from the prior year.
• Interest Expense - Deposits for Q1 2026 stood at $5.3 million, up from $5.3 million in the prior quarter.
• The five-year high for Interest Expense - Deposits was $5.5 million in Q2 2025, with the low at $250000.0 in Q1 2023.
• Historically, Interest Expense - Deposits has averaged $3.5 million across 5 years, with a median of $4.8 million in 2024.
• Annual changes were most pronounced in 2023 — Interest Expense - Deposits tumbled 40.48% — and 2024, when it soared 2034.8%.
• Magyar Bancorp's Interest Expense - Deposits stood at $1.5 million in 2022, then surged by 176.59% to $4.1 million in 2023, then climbed by 28.87% to $5.3 million in 2024, then increased by 0.76% to $5.3 million in 2025, then grew by 0.57% to $5.3 million in 2026.
• The last three Interest Expense - Deposits figures came in at $5.3 million (Q1 2026), $5.3 million (Q4 2025), and $5.5 million (Q3 2025), per Business Quant data.