Magyar Bank

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.

Type

Public

New Brunswick, US

Founded

1922

Size (employees)

92 (est)

Website

magbank.com

Magyar Bank was founded in 1922 and is headquartered in New Brunswick, US

Magyar Bank Office Locations

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

New Brunswick, US (HQ)

400 Somerset St

Bridgewater, US

475 N Bridge St

Somerville, US

1000 Us 202

Edison, US

1167 Inman Ave

South Brunswick Township, US

3050 Nj 27

North Brunswick Township, US

582 Milltown Rd

Magyar Bank Data and Metrics

Magyar Bank Financial Metrics

Summary

USD

Magyar Bank's current market capitalization is $78.8 m.

Income Statement

Annual

USD	FY, 2016
Cost of goods sold	3.5 m
EBIT	15.6 m
Pre tax profit	1.8 m
Net Income	1.1 m

Quarterly

USD	Q3, 2014	Q1, 2014	Q2, 2015	Q3, 2015	Q1, 2015	Q2, 2016	Q3, 2016	Q1, 2016	Q2, 2017
Cost of goods sold	853 k	821 k	766 k	779 k	892 k	866 k	867 k	921 k	904 k
EBIT	3.7 m	3.6 m	3.8 m	3.7 m	3.9 m	3.8 m	3.9 m	4.2 m	4.1 m
Pre tax profit	265 k	256 k	199 k	364 k	502 k	281 k	401 k	587 k	519 k
Net Income	382 k	182 k	329 k	574 k	309 k	487 k	740 k	347 k	648 k

Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	17.8 m	10.3 m	18.1 m	21.8 m
Accounts Receivable	1.8 m	1.7 m	1.7 m	1.7 m
PP&E	20.9 m	18.6 m	17.8 m	18.1 m
Total Assets	537.7 m	530.4 m	550.6 m	584.4 m
Accounts Payable	5.8 m	4.3 m	4.6 m	492.7 m
Total Liabilities				536.7 m
Additional Paid-in Capital	26.3 m		26.3 m	26.3 m
Retained Earnings	21.8 m		23.3 m	24.3 m
Total Equity	45.3 m	45.9 m	46.7 m	47.7 m
Financial Leverage	11.9 x	11.5 x	11.8 x	12.2 x

Quarterly

USD	Q1, 2014	Q2, 2015	Q3, 2015	Q1, 2015	Q2, 2016	Q3, 2016	Q1, 2016	Q2, 2017
Cash	7.9 m	22 m	9.5 m	37.4 m	20.9 m	15.9 m	14.6 m	10.5 m
PP&E	18.4 m	18.2 m	18 m	17.7 m	17.6 m	18.3 m	17.9 m	17.8 m
Total Assets	524.5 m	540.4 m	540.8 m	571.5 m	562.3 m	568.2 m	587.7 m	582.7 m
Accounts Payable	445.8 m	462.9 m	445.1 m	487.2 m	479.5 m	472.1 m	499.8 m	493.8 m
Additional Paid-in Capital	26.3 m	26.3 m	26.3 m	26.3 m	26.3 m	26.3 m	26.3 m	26.3 m
Retained Earnings		22.7 m	22.9 m	23.6 m	23.7 m	24 m	24.7 m	25 m
Total Equity	46.2 m	46.4 m	46.6 m	46.9 m	47.2 m	47.5 m	47.9 m	48.3 m
Financial Leverage	11.4 x	11.6 x	11.6 x	12.2 x	11.9 x	12 x	12.3 x	12.1 x

Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	262 k	574 k	897 k	1.1 m
Depreciation and Amortization	927 k	919 k	845 k	778 k
Accounts Payable	(55 k)	(22 k)	(17 k)
Cash From Operating Activities	10.9 m	5.6 m	12.5 m	14.1 m
Cash From Investing Activities	(30.8 m)	(6.8 m)	(23.7 m)	(41.6 m)
Cash From Financing Activities	27.7 m	(6.3 m)	19.1 m	31.2 m
Interest Paid	4.4 m	3.5 m	3.2 m	3.5 m
Income Taxes Paid	54 k	9 k	14 k	4 k

Quarterly

USD	Q3, 2014	Q1, 2014	Q2, 2015	Q3, 2015	Q1, 2015	Q2, 2016	Q3, 2016	Q1, 2016	Q2, 2017
Net Income	382 k	182 k	329 k	574 k	309 k	487 k	740 k	347 k	648 k
Depreciation and Amortization	697 k	224 k	446 k	665 k	187 k	379 k	576 k	201 k	403 k
Accounts Receivable	75 k
Accounts Payable			(36 k)			(11 k)			(4 k)
Cash From Operating Activities	2.9 m	3.4 m	4.8 m	7.5 m	2.8 m	4.2 m	9.4 m	453 k	1.7 m
Cash From Investing Activities	(9.5 m)	(477 k)	(3.3 m)	(17.8 m)	(4.4 m)	(12.6 m)	(27.3 m)	(13 m)	(12.5 m)
Cash From Financing Activities	(2.9 m)	(5.4 m)	10.3 m	9.5 m	21 m	11.2 m	15.7 m	5.3 m	(568 k)
Interest Paid	2.6 m	823 k	1.6 m	2.4 m	856 k	1.8 m	2.6 m	891 k	1.8 m
Income Taxes Paid	9 k	14 k	14 k	14 k	4 k	4 k	4 k	32 k	36 k