Magyar Bancorp (MGYR) Loans - Loss Allowance (2012 - 2021)

Magyar Bancorp posted quarterly Loans - Loss Allowance of $8.1 million for Q3 2021, up 26.17% year-on-year from $6.4 million in Q3 2020, and up 26.17% on a QoQ basis from $6.4 million in Q3 2020.

Magyar Bancorp (MGYR) has 9 years of Loans - Loss Allowance data on file, last reported at $8.1 million in Q3 2021.

  • For the quarter ending Q3 2021, Loans - Loss Allowance rose 26.17% year-over-year to $8.1 million; the trailing twelve-month figure through Sep 2021 stood at $8.1 million (up 26.17% YoY), and the FY2021 full-year result was $8.1 million, up 26.17% from the prior year.
  • Loans - Loss Allowance for Q3 2021 stood at $8.1 million, up from $6.4 million in the prior quarter.
  • Across five years, Loans - Loss Allowance topped out at $8.1 million in Q3 2021 and bottomed at $3.5 million in Q3 2017.
  • The 5-year median for Loans - Loss Allowance is $4.9 million (2019), against an average of $5.4 million.
  • The widest annual swing landed in 2019, when Loans - Loss Allowance grew 16.38%; it then soared 30.93% in 2020.
  • A 5-year view of Loans - Loss Allowance shows it stood at $3.5 million in 2017, then grew by 20.86% to $4.2 million in 2018, then advanced by 16.38% to $4.9 million in 2019, then surged by 30.93% to $6.4 million in 2020, then climbed by 26.17% to $8.1 million in 2021.
  • The last three Loans - Loss Allowance figures came in at $8.1 million (Q3 2021), $6.4 million (Q3 2020), and $4.9 million (Q3 2019), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Loans - Loss Allowance (Qtr)
1 Bank Of Chile 90,891.20 Bn 90,891.20 Bn - -
2 Bank Bradesco 6,807.69 Bn 6,791.75 Bn - -
3 Lloyds Banking 426.28 Bn 426.28 Bn - -
4 NatWest 184.56 Bn 184.56 Bn - -
5 First Capital 181.18 Bn 181.03 Bn - 10.35 Mn
6 Landmark Bancorp 164.67 Bn 164.64 Bn - 12.61 Mn
7 Deutsche Bank Aktiengesellschaft 161.63 Bn -151,939.28 Bn - -
8 KB Financial 150.02 Bn 142.15 Bn - -
9 Pnc Financial Services 88.79 Bn 88.84 Bn - 4.66 Bn
10 Magyar Bancorp 108.50 Mn 60.86 Mn - -

Historic Data

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DateValue
Sep 30, 2021 8.08 Mn
Sep 30, 2020 6.40 Mn
Sep 30, 2019 4.89 Mn
Sep 30, 2018 4.20 Mn
Sep 30, 2017 3.48 Mn
Sep 30, 2015 2.89 Mn
Dec 31, 2014 2.94 Mn
Sep 30, 2014 2.84 Mn
Jun 30, 2014 2.80 Mn
Mar 31, 2014 3.48 Mn
Dec 31, 2013 3.20 Mn
Sep 30, 2013 3.01 Mn
Jun 30, 2013 3.60 Mn
Sep 30, 2012 3.86 Mn