What is Magyar Bancorp's other nonoperating expense?

Magyar Bancorp (MGYR) reported other nonoperating expense of $172K in Q1 2026.

How has Magyar Bancorp's other nonoperating expense changed year-over-year?

Magyar Bancorp's other nonoperating expense increased by 142.3% year-over-year, from $71K to $172K.

What does other nonoperating expense mean?

The expense recognized to account for potential losses on non-loan assets or other financial commitments. It serves as a buffer against unexpected declines in the value of assets outside the primary loan portfolio.

Magyar Bancorp MGYR Other Nonoperating Expense

Other Nonoperating Expense at other companies

Frequency ElectronicsFEIM

$78.5K+284%

electroCore, Inc.ECOR

$10K-93.7%

XTI Aerospace, Inc.XTIA

$25K—

KadantKAI

$13K-18.8%

ROC

Rank One Computing ROC

$505-95.3%

Urban OutfittersURBN

$11.38M+893%

Other financials

Income statement

See full

Revenue$7.2M-4.2%

Net income$3.0M+13.0%

EPS (diluted)$0.48+11.6%

Balance sheet

See full

Cash & equivalents$47.6M-34.7%

Total debt$50.9M+50.1%

Total equity$124.2M+8.6%

Total assets$1.1B+4.6%

Cash flow

See full

Operating cash flow$3.2M+35.8%

CapEx$329.0K+223%

Free cash flow$2.9M+27.4%

Valuation

See full

Market cap$112.77M+5.2%

Enterprise value$116.04M-14.8%

P/E10.1×-0.9×

P/S3.7×+0.1×

Profitability

See full

Net margin24.4%-1.6pp

FCF margin27.6%-2.9pp

Returns & leverage

See full

Return on equity9.4%+1.3pp

Debt / equity0.4×+0.1×

Where this comes from

Reported directly by Magyar Bancorp in its filing.

Tagged under the XBRL concept us-gaap:ProvisionForOtherLosses.

The official record: Magyar Bancorp’s 10-Q, filed May 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Magyar Bancorp's other nonoperating expense?: Magyar Bancorp (MGYR) reported other nonoperating expense of $172K in Q1 2026.
How has Magyar Bancorp's other nonoperating expense changed year-over-year?: Magyar Bancorp's other nonoperating expense increased by 142.3% year-over-year, from $71K to $172K.
What does other nonoperating expense mean?: The expense recognized to account for potential losses on non-loan assets or other financial commitments. It serves as a buffer against unexpected declines in the value of assets outside the primary loan portfolio.