Magyar Bancorp (MGYR) Non Operating Interest Expenses (2010 - 2024)
Magyar Bancorp's (MGYR) quarterly Non Operating Interest Expenses came in at $5.0 million in Q1 2024, up 124.28% on a YoY basis from $2.2 million in Q2 2023, and up 15.86% quarter-over-quarter from $4.3 million in Q4 2023.
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Analysis
Magyar Bancorp (MGYR) Non Operating Interest Expenses (2010 - 2024) Analysis & Trends
Magyar Bancorp (MGYR) has reported Non Operating Interest Expenses for 10 consecutive years, with $5.0 million the latest figure, recorded in Q1 2024.
- For the quarter ending Q1 2024, Non Operating Interest Expenses rose 124.28% year-over-year to $5.0 million; the trailing twelve-month figure through Mar 2024 stood at $15.8 million (up 202.49% YoY), and the FY2023 full-year result was $10.3 million, up 316.02% from the prior year.
- Non Operating Interest Expenses rose to $5.0 million in Q1 2024 per MGYR's latest filing, from $4.3 million in the prior quarter.
- Across five years, Non Operating Interest Expenses topped out at $5.0 million in Q1 2024 and bottomed at $512000.0 in Q2 2022.
- Historically, Non Operating Interest Expenses has averaged $1.7 million across 5 years, with a median of $1.0 million in 2020.
- The sharpest annual moves came in 2021 and 2023: Non Operating Interest Expenses tumbled 47.54% in 2021, then surged 463.87% in 2023.
- Over 5 years, Non Operating Interest Expenses stood at $956000.0 in 2020, then tumbled by 40.38% to $570000.0 in 2021, then jumped by 182.46% to $1.6 million in 2022, then soared by 167.89% to $4.3 million in 2023, then rose by 15.86% to $5.0 million in 2024.
- According to Business Quant data, Non Operating Interest Expenses over the past three periods registered $5.0 million, $4.3 million, and $3.6 million for Q1 2024, Q4 2023, and Q3 2023 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Interest Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 424.88 Bn | 544.83 Bn | - | -467.75 Bn |
| 2 | Truist Financial | 59.29 Bn | 59.29 Bn | - | 224.00 Mn |
| 3 | Fifth Third Bancorp | 47.98 Bn | 24.26 Bn | - | - |
| 4 | M&T Bank | 32.82 Bn | 32.82 Bn | - | - |
| 5 | Huntington Bancshares | 32.08 Bn | 27.60 Bn | - | - |
| 6 | Citizens Financial | 28.34 Bn | 28.34 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 | - |
| 10 | Magyar Bancorp | 125.27 Mn | 113.80 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2024 | 5.00 Mn |
| Dec 31, 2023 | 4.31 Mn |
| Sep 30, 2023 | 3.61 Mn |
| Jun 30, 2023 | 2.89 Mn |
| Mar 31, 2023 | 2.23 Mn |
| Dec 31, 2022 | 1.61 Mn |
| Sep 30, 2022 | 875,000.00 |
| Jun 30, 2022 | 512,000.00 |
| Mar 31, 2022 | 526,000.00 |
| Dec 31, 2021 | 570,000.00 |
| Sep 30, 2021 | 601,000.00 |
| Jun 30, 2021 | 640,000.00 |
| Mar 31, 2021 | 744,000.00 |
| Dec 31, 2020 | 956,000.00 |
| Sep 30, 2020 | 1.08 Mn |
| Jun 30, 2020 | 1.22 Mn |
| Dec 31, 2014 | 3.88 Mn |
| Dec 31, 2013 | 3.89 Mn |
| Mar 31, 2013 | 3.79 Mn |
| Dec 31, 2012 | 3.59 Mn |
API Access
Magyar Bancorp Non Operating Interest Expenses 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=non-operating-interest-expenses&ticker=MGYR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-operating-interest-expenses", "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=non-operating-interest-expenses&ticker=MGYR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();