Magyar Bancorp (MGYR) Tax Provisions (2010 - 2026)
Magyar Bancorp's (MGYR) quarterly Tax Provisions came in at $1.3 million in Q2 2026, up 25.5% on a YoY basis from $1.0 million in Q2 2025, and up 1.78% quarter-over-quarter from $1.2 million in Q1 2026.
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Magyar Bancorp (MGYR) Tax Provisions (2010 - 2026) Analysis & Trends
Magyar Bancorp (MGYR) has reported Tax Provisions for 12 consecutive years, with $1.3 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Provisions rose 25.5% year-over-year to $1.3 million; the trailing twelve-month figure through Jun 2026 stood at $5.1 million (up 11.54% YoY), and the FY2025 full-year result was $4.4 million, up 28.45% from the prior year.
- Tax Provisions climbed to $1.3 million in Q2 2026 per MGYR's latest filing, from $1.2 million in the prior quarter.
- Across five years, Tax Provisions topped out at $1.7 million in Q3 2024 and bottomed at $501000.0 in Q2 2024.
- Historically, Tax Provisions has averaged $982388.9 across 5 years, with a median of $943000.0 in 2022.
- The sharpest annual moves came in 2024 and 2025: Tax Provisions slumped 36.42% in 2024, then soared 108.17% in 2025.
- Over 5 years, 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 gained by 10.43% to $1.3 million in 2026.
- According to Business Quant data, Tax Provisions over the past three periods registered $1.3 million, $1.2 million, and $1.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 424.88 Bn | 544.83 Bn | - | -51.13 Bn |
| 2 | Truist Financial | 59.29 Bn | 59.29 Bn | - | 262.00 Mn |
| 3 | Fifth Third Bancorp | 47.98 Bn | 24.26 Bn | - | 235.00 Mn |
| 4 | M&T Bank | 32.82 Bn | 32.82 Bn | - | 245.00 Mn |
| 5 | Huntington Bancshares | 32.08 Bn | 27.60 Bn | - | 165.00 Mn |
| 6 | Citizens Financial | 28.34 Bn | 28.34 Bn | - | 168.00 Mn |
| 7 | Regions Financial | 24.27 Bn | 24.34 Bn | - | 148.00 Mn |
| 8 | Keycorp | 22.19 Bn | -25.51 Bn | - | 139.00 Mn |
| 9 | First Citizens Bancshares | 21.93 Bn | 21.41 Bn | 29.00 Mn | 219.00 Mn |
| 10 | Magyar Bancorp | 125.27 Mn | 113.80 Mn | - | 1.26 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.26 Mn |
| 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 | 1.70 Mn |
| Jun 30, 2024 | 501,000.00 |
| Mar 31, 2024 | 526,000.00 |
| Dec 31, 2023 | 700,000.00 |
| Sep 30, 2023 | 1.29 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 | 707,000.00 |
API Access
Magyar Bancorp Tax Provisions 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=tax-provisions&ticker=MGYR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-provisions", "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=tax-provisions&ticker=MGYR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();