The name "Magyar" is the Hungarian word to describe an individual from Hungary. Over the years, the bank has moved beyond serving this original group, but Magyar has remained an active leader in the community and through corporate donations and employees volunteering their time, Magyar Bank supports over 75 organizations annually.

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TypePublic
HQNew Brunswick, US
Founded1922
Size (employees)99 (est)+8%
Websitemagbank.com
Magyar Bank was founded in 1922 and is headquartered in New Brunswick, US
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Magyar Bank Office Locations

Magyar Bank has offices in New Brunswick, South Brunswick Township, Somerville, North Brunswick Township and in 2 other locations
New Brunswick, (HQ)
400 Somerset St
Bridgewater,
475 N Bridge St
Edison,
1167 Inman Ave
North Brunswick Township,
582 Milltown Rd
Somerville,
1000 US-202
South Brunswick Township,
3050 NJ-27
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Magyar Bank Financials and Metrics

Magyar Bank Revenue

USD

Net income (Q3, 2018)

599.0k

EBIT (Q3, 2018)

4.7m

Market capitalization (4-Dec-2018)

72.8m

Closing stock price (4-Dec-2018)

12.5

Cash (30-Jun-2018)

13.5m
Magyar Bank's current market capitalization is $72.8 m.
Annual
USDFY, 2013FY, 2015FY, 2016FY, 2017

Cost of goods sold

4.4m3.2m3.5m3.8m

EBIT

13.2m15.0m15.6m16.9m

Pre tax profit

283.0k1.3m1.8m2.4m

Income tax expense

21.0k413.0k664.0k994.0k
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cost of goods sold

925.0k863.0k853.0k821.0k766.0k779.0k892.0k866.0k867.0k921.0k904.0k928.0k1.1m1.0m1.2m

EBIT

3.7m3.6m3.7m3.6m3.8m3.7m3.9m3.8m3.9m4.2m4.1m4.2m4.6m4.6m4.7m

Pre tax profit

174.0k53.0k265.0k256.0k199.0k364.0k502.0k281.0k401.0k587.0k519.0k498.0k893.0k578.0k888.0k

Income tax expense

41.0k(10.0k)77.0k74.0k52.0k119.0k193.0k103.0k149.0k240.0k219.0k210.0k564.0k182.0k289.0k
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

17.8m10.3m18.1m21.8m22.3m

Accounts Receivable

1.8m1.7m1.7m1.7m

Inventories

PP&E

20.9m18.6m17.8m18.1m17.6m
Quarterly
USDQ1, 2014Q2, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

8.7m13.5m7.9m22.0m9.5m37.4m20.9m15.9m14.6m10.5m12.7m14.8m17.4m13.5m

PP&E

20.7m20.4m18.4m18.2m18.0m17.7m17.6m18.3m17.9m17.8m17.7m17.5m17.3m17.2m

Total Assets

536.6m536.6m524.5m540.4m540.8m571.5m562.3m568.2m587.7m582.7m587.6m596.8m607.9m616.1m

Accounts Payable

440.7m452.1m445.8m462.9m445.1m487.2m479.5m472.1m499.8m493.8m499.8m507.5m516.8m508.0m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

262.0k574.0k897.0k1.1m1.4m

Depreciation and Amortization

927.0k919.0k845.0k778.0k816.0k

Inventories

Accounts Payable

(55.0k)(22.0k)(17.0k)
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

133.0k193.0k382.0k182.0k329.0k574.0k309.0k487.0k740.0k347.0k648.0k935.0k329.0k725.0k1.3m

Depreciation and Amortization

234.0k464.0k697.0k224.0k446.0k665.0k187.0k379.0k576.0k201.0k403.0k606.0k209.0k424.0k612.0k

Accounts Payable

(9.0k)(36.0k)(11.0k)(4.0k)

Cash From Operating Activities

(992.0k)1.4m2.9m3.4m4.8m7.5m2.8m4.2m9.4m453.0k1.7m4.6m2.1m2.2m4.9m
USDY, 2018

Financial Leverage

12.2 x
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Magyar Bank Online and Social Media Presence

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Magyar Bank Company Life and Culture

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Magyar Bank Frequently Asked Questions

  • When was Magyar Bank founded?

    Magyar Bank was founded in 1922.

  • How many employees does Magyar Bank have?

    Magyar Bank has 99 employees.

  • Who are Magyar Bank competitors?

    Competitors of Magyar Bank include Randolph Bancorp, Hanmi Financial and ChoiceOne.

  • Where is Magyar Bank headquarters?

    Magyar Bank headquarters is located at 400 Somerset St, New Brunswick.

  • Where are Magyar Bank offices?

    Magyar Bank has offices in New Brunswick, South Brunswick Township, Somerville, North Brunswick Township and in 2 other locations.

  • How many offices does Magyar Bank have?

    Magyar Bank has 6 offices.