Magyar Bancorp (MGYR) Tax Rate (2010 - 2026)
Magyar Bancorp's (MGYR) quarterly Tax Rate came in at 29.01% in Q1 2026, up 1.0% YoY from 28.72% in Q1 2025, and up 8.73% on a QoQ basis from 26.68% in Q4 2025.
Magyar Bancorp (MGYR) Tax Rate (2010 - 2026) Analysis & Trends
Magyar Bancorp (MGYR) has 12 years of Tax Rate data on file, last reported at 29.01% in Q1 2026.
- Quarterly Tax Rate rose 1.0% year-over-year to 29.01% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 31.08% (up 35.0% YoY) and the FY2025 annual result came in at 31.84%, up 196.0% from the prior year.
- Tax Rate rose to 29.01% in Q1 2026, from 26.68% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 40.68% in Q3 2025 to a low of 80.45% in Q3 2023.
- A 5-year average of 23.06% and a median of 29.12% in 2023 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2023 — Tax Rate tumbled 10960 bps — and 2024, when it soared 11893 bps.
- Tracing MGYR's Tax Rate over 5 years: 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 40.68% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.66 Bn | 84.46 Bn | - | - |
| 2 | Pnc Financial Services | 97.86 Bn | 97.86 Bn | - | 20.53% |
| 3 | Us Bancorp | 96.39 Bn | 96.39 Bn | - | 19.74% |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | -30.86% |
| 5 | NatWest | 74.92 Bn | -144.17 Bn | - | -26.78% |
| 6 | Deutsche Bank Aktiengesellschaft | 72.22 Bn | -81.10 Bn | - | 28.68% |
| 7 | Nu Holdings | 70.34 Bn | 56.66 Bn | 2.35 Bn | -14.17% |
| 8 | Truist Financial | 61.75 Bn | 61.75 Bn | - | 14.44% |
| 9 | Fifth Third Bancorp | 49.88 Bn | 26.16 Bn | - | 22.68% |
| 10 | Magyar Bancorp | 119.27 Mn | 107.80 Mn | - | 28.95% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 28.95% |
| Jun 30, 2026 | 28.95% |
| Jun 30, 2026 | 28.95% |
| Mar 31, 2026 | 29.01% |
| Mar 31, 2026 | 29.01% |
| Mar 31, 2026 | 29.01% |
| Dec 31, 2025 | 26.68% |
| Dec 31, 2025 | 26.68% |
| Dec 31, 2025 | 26.68% |
| Sep 30, 2025 | 40.68% |
| Sep 30, 2025 | 40.68% |
| Sep 30, 2025 | 40.68% |
| Jun 30, 2025 | 28.90% |
| Jun 30, 2025 | 28.90% |
| Jun 30, 2025 | 28.90% |
| Mar 31, 2025 | 29.00% |
| Mar 31, 2025 | 29.00% |
| Mar 31, 2025 | 29.00% |
| Dec 31, 2024 | 27.85% |
| Dec 31, 2024 | 27.85% |