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

Magyar Bancorp has reported Tax Rate for 12 years, with the latest figure at 29.01% in Q1 2026.

• For the quarter ending Q1 2026, Tax Rate rose 1.0% year-over-year to 29.01%; the trailing twelve-month figure through Mar 2026 stood at 28.86% (down 187.0% YoY), and the FY2025 full-year result was 29.32%, down 56.0% from the prior year.
• Tax Rate for Q1 2026 stood at 29.01%, up from 26.68% in the prior quarter.
• The five-year high for Tax Rate was 45.09% in Q3 2023, with the low at 21.71% in Q1 2024.
• Historically, Tax Rate has averaged 29.89% across 5 years, with a median of 29.13% in 2022.
• Annual changes were most pronounced in 2023 — Tax Rate surged 1593 bps — and 2024, when it slumped 884 bps.
• Magyar Bancorp's Tax Rate stood at 30.12% in 2022, then retreated by 1 bps to 29.76% in 2023, then declined by 6 bps to 27.85% in 2024, then retreated by 4 bps to 26.68% in 2025, then increased by 9 bps to 29.01% in 2026.
• The last three Tax Rate figures came in at 29.01% (Q1 2026), 26.68% (Q4 2025), and 31.2% (Q3 2025), per Business Quant data.