Magyar Bancorp, Inc. (MGYR) Interest Expense - Deposits (2010 - 2026)
Magyar Bancorp (MGYR) posted Interest Expense - Deposits of $5.43 million for fiscal Q3 2026 (quarter ended Jun 30, 2026), down 2.1% from $5.55 million a year earlier but up 2.0% from the prior quarter.
Magyar Bancorp, Inc. (MGYR) Interest Expense - Deposits (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Interest Expense - Deposits at Magyar Bancorp was $21.58 million, down 0.8% year-over-year; for FY2025 (ended Sep 30, 2025), it was $21.76 million, up 10.3% from FY2024.
- Annual Interest Expense - Deposits has increased for three consecutive fiscal years, with a five-year compound annual growth rate of 35.5% (FY2020 to FY2025).
- In prior fiscal years, Magyar Bancorp's Interest Expense - Deposits was $19.73 million in FY2024 (+107.9%), $9.49 million in FY2023 (+358.4%), $2.07 million in FY2022 (-9.5%) and $2.29 million in FY2021 (-52.1%).
- Quarterly Interest Expense - Deposits has run from a low of $415,000 in fiscal Q2 2022 to a high of $5.55 million in fiscal Q3 2025 over five years.
- On a year-over-year basis, Interest Expense - Deposits increased in five of the last eight quarters, with growth averaging 13.5%.
- The strongest year-over-year quarter for Interest Expense - Deposits in the past five years was fiscal Q3 2023, with growth of 530.5%; the weakest was fiscal Q4 2021, with a decline of 47.5%.
- According to Business Quant data, Interest Expense - Deposits for the three prior fiscal quarters was $5.32 million (Q2 2026), $5.29 million (Q1 2026) and $5.53 million (Q4 2025).
Peer Comparison
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.43 Mn |
| Mar 31, 2026 | 5.32 Mn |
| Dec 31, 2025 | 5.29 Mn |
| Sep 30, 2025 | 5.53 Mn |
| Jun 30, 2025 | 5.55 Mn |
| Mar 31, 2025 | 5.43 Mn |
| Dec 31, 2024 | 5.25 Mn |
| Sep 30, 2024 | 5.54 Mn |
| Jun 30, 2024 | 5.34 Mn |
| Mar 31, 2024 | 4.78 Mn |
| Dec 31, 2023 | 4.08 Mn |
| Sep 30, 2023 | 3.36 Mn |
| Jun 30, 2023 | 2.65 Mn |
| Mar 31, 2023 | 2.01 Mn |
| Dec 31, 2022 | 1.47 Mn |
| Sep 30, 2022 | 784,000.00 |
| Jun 30, 2022 | 420,000.00 |
| Mar 31, 2022 | 415,000.00 |
| Dec 31, 2021 | 451,000.00 |
| Sep 30, 2021 | 466,000.00 |
Magyar Bancorp, Inc. Interest Expense - Deposits 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=interest-expense-deposits&ticker=MGYR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expense-deposits", "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=interest-expense-deposits&ticker=MGYR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();