What is Magyar Bancorp's provision for credit losses?

Magyar Bancorp (MGYR) reported provision for credit losses of $256K in Q1 2026.

How has Magyar Bancorp's provision for credit losses changed year-over-year?

Magyar Bancorp's provision for credit losses increased by 953.3% year-over-year, from -$30K to $256K.

What does provision for credit losses mean?

Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.

Magyar Bancorp MGYR Provision for Credit Losses

Provision for Credit Losses at other companies

JPMorgan ChaseJPM

$2.51B-24.1%

Columbia Financial, Inc.CLBK

$956K-67.4%

Pathfinder BancorpPBHC

-$168K-137%

ECB Bancorp, Inc.ECBK

$153K+1,630%

Sound Financial BancorpSFBC

$74K+163%

SR Bancorp, Inc.SRBK

$84K—

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:ProvisionForLoanLeaseAndOtherLosses.

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

Ask your AI about Magyar Bancorp's provision for credit losses.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Magyar Bancorp's provision for credit losses?: Magyar Bancorp (MGYR) reported provision for credit losses of $256K in Q1 2026.
How has Magyar Bancorp's provision for credit losses changed year-over-year?: Magyar Bancorp's provision for credit losses increased by 953.3% year-over-year, from -$30K to $256K.
What does provision for credit losses mean?: Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.