Magyar Bancorp Second Quarter 2024 Earnings: EPS: US$0.30 (vs US$0.28 in 2Q 2023)

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Magyar Bancorp (NASDAQ:MGYR) Second Quarter 2024 Results

Key Financial Results

  • Revenue: US$7.53m (up 2.0% from 2Q 2023).

  • Net income: US$1.90m (up 5.6% from 2Q 2023).

  • Profit margin: 25% (in line with 2Q 2023).

  • EPS: US$0.30 (up from US$0.28 in 2Q 2023).

earnings-and-revenue-history
earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

Magyar Bancorp shares are up 2.4% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Magyar Bancorp.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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