Magyar Bancorp, Inc.

NasdaqGM MGYR

Magyar Bancorp, Inc. Return on Assets (ROA) for the Trailing 12 Months (TTM) ending September 30, 2024

Magyar Bancorp, Inc. Return on Assets (ROA) is NA for the Trailing 12 Months (TTM) ending September 30, 2024. Return on assets measures profitability against assets; higher ROA indicates efficient asset use and profitability.

Magyar Bancorp, Inc. Return on Assets (ROA) for the Trailing 12 Months (TTM) ending September 30, 2023 was 0.90%, a -9.75% change year over year.
Magyar Bancorp, Inc. Return on Assets (ROA) for the Trailing 12 Months (TTM) ending September 30, 2022 was 1.00%, a 22.21% change year over year.
Magyar Bancorp, Inc. Return on Assets (ROA) for the Trailing 12 Months (TTM) ending September 30, 2021 was 0.82%, a 161.88% change year over year.
Magyar Bancorp, Inc. Return on Assets (ROA) for the Trailing 12 Months (TTM) ending September 30, 2020 was 0.31%, a -33.14% change year over year.

Key data

Date	Return on Assets (ROA)	Return on Equity (ROE)	Return on Capital Employed (ROCE)	Interest Coverage Ratio

NasdaqGM: MGYR

Magyar Bancorp, Inc.

CEO	Mr. John S. Fitzgerald
IPO Date	Jan. 24, 2006
Location	United States
Headquarters	400 Somerset Street
Employees	89
Sector	Finance
Industries Banking & Lending Investment Banking & Asset Management

Description

Magyar Bancorp, Inc. operates as the holding company for Magyar Bank that provides various consumer and commercial banking services to individuals, businesses, and nonprofit organizations in New Jersey, the United States. It accepts various deposit accounts, including demand, savings, NOW, money market, and retirement accounts, as well as certificates of deposit. The company also provides residential mortgage loans, multi-family and commercial real estate mortgage loans, home equity loans and lines of credit, commercial business loans, and construction loans, as well as small business administration loans. In addition, it offers non-deposit investment products and financial planning services, including insurance products, fixed and variable annuities, and retirement planning for individual and commercial customers; and buys, sells, and holds investment securities. The company has seven branch offices located in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater, and Edison, New Jersey. Magyar Bancorp, Inc. was founded in 1922 and is headquartered in New Brunswick, New Jersey.

Key trends

Past 5 years