Magyar Bancorp (MGYR) Tax Provisions (2010 - 2026)
Magyar Bancorp (MGYR) posted Tax Provisions of $1.2 million for Q1 2026, up 8.5% on a QoQ basis from $1.1 million in Q4 2025, and up 13.06% year-over-year from $1.1 million in Q1 2025.
Magyar Bancorp (MGYR) Tax Provisions (2010 - 2026) Analysis & Trends
Magyar Bancorp's Tax Provisions history runs 12 years deep, the most recent figure standing at $1.2 million for Q1 2026.
- Quarterly Tax Provisions rose 13.06% year-over-year to $1.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $4.9 million (up 22.14% YoY) and the FY2025 annual result came in at $4.4 million, up 32.56% from the prior year.
- Tax Provisions was $1.2 million for Q1 2026 at Magyar Bancorp, up from $1.1 million in the prior quarter.
- Across five years, Tax Provisions topped out at $1.6 million in Q3 2024 and bottomed at -$2.3 million in Q3 2023.
- A 5-year average of $748705.9 and a median of $805000.0 in 2024 frame the typical range for Tax Provisions.
- Annual changes were most pronounced in 2023 — Tax Provisions tumbled 330.0% — and 2024, when it soared 169.17%.
- Magyar Bancorp's Tax Provisions stood at $780000.0 in 2022, then declined by 10.26% to $700000.0 in 2023, then rose by 15.0% to $805000.0 in 2024, then soared by 41.74% to $1.1 million in 2025, then advanced by 8.5% to $1.2 million in 2026.
- Business Quant data shows MGYR's Tax Provisions at $1.2 million in Q1 2026, $1.1 million in Q4 2025, and $1.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | KB Financial | 43,124.21 Bn | 43,125.44 Bn | -775,612.08 | 422,877.20 |
| 2 | Shinhan Financial | 33,971.34 Bn | 33,973.00 Bn | - | 385.94 Mn |
| 3 | Bank Of Chile | 4,105.33 Bn | 4,105.33 Bn | 167,623.00 | -78,154.00 |
| 4 | NatWest | 768.74 Bn | 572.78 Bn | 1.79 Bn | -709.14 Mn |
| 5 | Mizuho Financial | 385.64 Bn | 389.59 Bn | - | 75.02 Mn |
| 6 | Lloyds Banking | 358.14 Bn | 358.14 Bn | - | -633.64 Mn |
| 7 | First Capital | 200.03 Bn | 199.69 Bn | - | 1.03 Mn |
| 8 | Landmark Bancorp | 187.97 Bn | 187.94 Bn | - | 1.25 Mn |
| 9 | Pnc Financial Services | 100.96 Bn | 101.01 Bn | - | 415.00 Mn |
| 10 | Magyar Bancorp | 108.75 Mn | 59.62 Mn | - | 1.24 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.24 Mn |
| Dec 31, 2025 | 1.14 Mn |
| Sep 30, 2025 | 1.49 Mn |
| Jun 30, 2025 | 1.00 Mn |
| Mar 31, 2025 | 1.10 Mn |
| Dec 31, 2024 | 805,000.00 |
| Sep 30, 2024 | 1.59 Mn |
| Jun 30, 2024 | 501,000.00 |
| Mar 31, 2024 | 526,000.00 |
| Dec 31, 2023 | 700,000.00 |
| Sep 30, 2023 | -2.30 Mn |
| Jun 30, 2023 | 788,000.00 |
| Mar 31, 2023 | 790,000.00 |
| Dec 31, 2022 | 780,000.00 |
| Sep 30, 2022 | 1.00 Mn |
| Jun 30, 2022 | 886,000.00 |
| Mar 31, 2022 | 690,000.00 |
| Dec 31, 2021 | 674,000.00 |
| Sep 30, 2021 | 1.24 Mn |
| Jun 30, 2021 | 676,000.00 |