Magyar Bancorp (MGYR) Net Margin (2020 - 2024)
Magyar Bancorp (MGYR) reported Net Margin of 23.51% for Q2 2024, down 203.0% on a YoY basis from 22.82% in Q3 2023, and down 6.5% quarter-over-quarter from 25.14% in Q1 2024.
Magyar Bancorp (MGYR) Net Margin (2020 - 2024) Analysis & Trends
Magyar Bancorp has reported Net Margin for 5 years, with the latest figure at 23.51% in Q2 2024.
- For the quarter ending Q2 2024, Net Margin fell 203.0% year-over-year to 23.51%; the trailing twelve-month figure through Jun 2024 stood at 22.38% (down 359.0% YoY), and the FY2023 full-year result was 23.32%, down 331.0% from the prior year.
- Net Margin for Q2 2024 stood at 23.51%, down from 25.14% in the prior quarter.
- The five-year high for Net Margin was 30.16% in Q3 2022, with the low at 8.56% in Q2 2020.
- Historically, Net Margin has averaged 22.07% across 5 years, with a median of 23.51% in 2024.
- Annual changes were most pronounced in 2021 — Net Margin surged 1467 bps — and 2023, when it sank 1013 bps.
- Magyar Bancorp's Net Margin stood at 18.39% in 2020, then increased by 30 bps to 23.88% in 2021, then advanced by 1 bps to 24.17% in 2022, then decreased by 13 bps to 21.04% in 2023, then climbed by 12 bps to 23.51% in 2024.
- The last three Net Margin figures came in at 23.51% (Q2 2024), 25.14% (Q1 2024), and 21.04% (Q4 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of Chile | 97,765.53 Bn | 97,765.53 Bn | - | - |
| 2 | Bank Bradesco | 6,846.93 Bn | 6,830.99 Bn | - | - |
| 3 | Lloyds Banking | 384.13 Bn | 384.40 Bn | - | 27.26% |
| 4 | First Capital | 215.78 Bn | 215.63 Bn | - | 251.45% |
| 5 | Itau Unibanco Holding | 202.78 Bn | 202.78 Bn | - | - |
| 6 | Landmark Bancorp | 180.37 Bn | 180.34 Bn | - | 26.97% |
| 7 | NatWest | 168.65 Bn | -51.67 Bn | - | 32.86% |
| 8 | Shinhan Financial | 136.54 Bn | 104.11 Bn | - | 5,788,021.18% |
| 9 | Mizuho Financial | 112.02 Bn | 112.56 Bn | - | -157.25% |
| 10 | Magyar Bancorp | 107.00 Mn | 59.36 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | 23.51% |
| Mar 31, 2024 | 25.14% |
| Dec 31, 2023 | 21.04% |
| Sep 30, 2023 | 20.03% |
| Jun 30, 2023 | 25.54% |
| Mar 31, 2023 | 23.70% |
| Dec 31, 2022 | 24.17% |
| Sep 30, 2022 | 30.16% |
| Jun 30, 2022 | 27.71% |
| Mar 31, 2022 | 24.16% |
| Dec 31, 2021 | 23.88% |
| Sep 30, 2021 | 22.27% |
| Jun 30, 2021 | 23.23% |
| Mar 31, 2021 | 20.59% |
| Dec 31, 2020 | 18.39% |
| Sep 30, 2020 | 13.17% |
| Jun 30, 2020 | 8.56% |