Magyar Bancorp (MGYR) Tax Provisions (2010 - 2026)

Magyar Bancorp has reported Tax Provisions for 12 years, with the latest figure at $1.2 million in Q1 2026.

• For the quarter ending Q1 2026, Tax Provisions rose 13.06% year-over-year to $1.2 million; the trailing twelve-month figure through Mar 2026 stood at $4.5 million (up 13.43% YoY), and the FY2025 full-year result was $4.0 million, up 22.07% from the prior year.
• Tax Provisions for Q1 2026 stood at $1.2 million, up from $1.1 million in the prior quarter.
• The five-year high for Tax Provisions was $1.6 million in Q3 2024, with the low at $501000.0 in Q2 2024.
• Historically, Tax Provisions has averaged $939352.9 across 5 years, with a median of $886000.0 in 2022.
• Annual changes were most pronounced in 2024 — Tax Provisions sank 36.42% — and 2025, when it surged 108.17%.
• Magyar Bancorp's Tax Provisions stood at $780000.0 in 2022, then slipped by 10.26% to $700000.0 in 2023, then grew by 15.0% to $805000.0 in 2024, then jumped by 41.74% to $1.1 million in 2025, then rose by 8.5% to $1.2 million in 2026.
• The last three Tax Provisions figures came in at $1.2 million (Q1 2026), $1.1 million (Q4 2025), and $1.1 million (Q3 2025), per Business Quant data.