KRNY

FAIRFIELD, N.J. (AP) — FAIRFIELD, N.J. (AP) — Kearny Financial Corp. (KRNY) on Thursday reported earnings of $10.1 million in its fiscal third quarter. On a per-share basis, the Fairfield, New Jersey-based company said it had net income of 16 cents. Earnings, adjusted for non-recurring gains, came to 15 cents per share. The bank holding company posted revenue of $85.3 million in the period. Its adjusted revenue was $45.3 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KRNY at https://www.zacks.com/ap/KRNY

FAIRFIELD, N.J., April 23, 2026 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported net income for the quarter ended March 31, 2026 of $10.1 million, or $0.16 per diluted share, compared to $9.4 million, or $0.15 per diluted share, for the quarter ended December 31, 2025. The Company also announced that its Board of Directors has declared a quarterly cash dividend of $0.11 per share, payable on May 20, 2026, to stockholders of record as of May 6, 2026. Craig L. Montanaro, President and Chief Executive Officer, commented, “We are pleased to report continued momentum in our core earnings this quarter, highlighted by our sixth consecutive quarter of net interest margin expansion. Quarter-over-quarter, net interest margin increased seven basis points as net interest income grew 3%. These results reflect the ongoing favorable repricing and remixing of our loan portfolio which, along with improving funding dynamics, positions us well for continued earnings momentum in the periods ahead.” Mr. Montanaro continued, “During the quarter, we made strategic investments to strengthen our deposit franchise. We expanded our Corporate Banking team with the addition of four high-powered deposit-focused relationship officers who will accelerate our growth in relationship‑based middle-market commercial deposits. In parallel, we formed a new Specialty Deposits team specifically focused on select high-value deposit verticals in order to further diversify our funding sources.” Mr. Montanaro concluded, “Our partnership with The Lab Consulting, a management consulting firm engaged to support process improvement and operational efficiency initiatives, is now well underway, and we are encouraged by the early momentum of this initiative. The opportunities identified to streamline processes, enhance automation, and improve the client experience support our commitment to operational excellence and scalable growth. Collectively, these actions position us well to continue delivering sustainable earnings improvement and long‑term shareholder value.” Third Quarter Highlights Pre-tax, pre-provision net revenue increased 5.5% to $13.0 million, or $0.21 per diluted share, reflecting ongoing strengthening of core earnings. Net interest margin expanded by seven basis points to 2.21%, extending the momentum of marg...

FAIRFIELD, N.J. (AP) — FAIRFIELD, N.J. (AP) — Kearny Financial Corp. (KRNY) on Thursday reported profit of $9.4 million in its fiscal second quarter. On a per-share basis, the Fairfield, New Jersey-based company said it had profit of 15 cents. The bank holding company posted revenue of $86.2 million in the period. Its adjusted revenue was $43.5 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KRNY at https://www.zacks.com/ap/KRNY

FAIRFIELD, N.J., Jan. 22, 2026 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported net income for the quarter ended December 31, 2025 of $9.4 million, or $0.15 per diluted share, compared to $9.5 million, or $0.15 per diluted share, for the quarter ended September 30, 2025. The Company also announced that its Board of Directors has declared a quarterly cash dividend of $0.11 per share, payable on February 18, 2026, to stockholders of record as of February 4, 2026. Craig L. Montanaro, President and Chief Executive Officer, commented, “We are pleased to report continued improvement in our core earnings. Net interest margin expanded, up 32 basis points year-over-year, reflecting the strategic remix of our balance sheet and the repricing of our loan portfolio. In addition, recent reductions in the federal funds rate are expected to serve as an earnings tailwind, given our liability-sensitive balance sheet.” Mr. Montanaro continued, “In addition, we made progress on several key strategic initiatives this quarter. First, our previously announced partnership with The Lab Consulting commenced this quarter, and a bank-wide opportunity assessment was completed. Significant automation and process improvement opportunities have been identified, and near-term deliverables under this initiative remain centered on strengthening operational efficiency, enhancing the client experience, and supporting sustainable growth in the periods ahead. Second, this quarter we were pleased to add a five-person residential lending team to grow our pipeline of residential loans held-for-sale and support fee income generation. Their expertise supports our efforts to diversify revenue streams and deepen our residential lending franchise.” Second Quarter Highlights Pre-tax, pre-provision net revenue increased 3.9% to $12.3 million, reflecting ongoing strengthening of core earnings. Net interest margin expanded by four basis points to 2.14%, extending the momentum of margin improvement from the previous quarter. Non-performing assets decreased 20.6% to $51.3 million, or 0.67% of total assets, demonstrating that credit quality remained solid and continued to improve. The Company advanced its loan portfolio diversification strategy, growing commercial business and home equity loans while strategically reducing mu...

Kearny Financial (KRNY) has staged a turnaround into profitability after years of struggle, having previously seen its earnings drop by 50.2% per year over the past five years. The shift to positive net profit margins and high-quality earnings offers a brighter outlook for investors. A Price-To-Earnings Ratio of 15.8x puts the stock at a premium to both the US banks sector average (11.3x) and its direct peers (12.2x). While the valuation is on the higher side, the market's focus now turns to the durability of recent gains, the sustainability of dividends, and whether this profitability momentum can be maintained. See our full analysis for Kearny Financial. Next up, we will see how these headline numbers compare to the expectations and narratives that have shaped sentiment around Kearny Financial and whether the results back up or contradict the prevailing market story. Curious how numbers become stories that shape markets? Explore Community Narratives Kearny Financial's sustainability of dividends is flagged as a concern in the recent EDGAR summary, making it a focal point for investors looking at long-term returns. The prevailing market view suggests that while the new profitability streak may support ongoing payouts for now, the lack of firm guidance on future dividend trends keeps this theme in the spotlight. The company has moved to reporting positive net profit margins after years of losses and earnings drops. This marks a meaningful turnaround in its financial health. According to the prevailing market view, this return to profitability stands out as one of the strongest supports for Kearny’s case as a stable regional player. Kearny Financial trades at a Price-To-Earnings Ratio of 15.8x, standing above both the US banks sector average (11.3x) and its direct peer group (12.2x). This highlights its premium valuation. This premium ties directly to the prevailing market view that investors are willing to pay up for recent profitability. It also injects caution about whether future growth or dividend resilience will justify paying more than for industry peers. See what the community is saying about Kearny Financial Don't just look at this quarter; the real story is in the long-term trend. We've done an in-depth analysis on Kearny Financial's growth and its valuation to see if today's price is a bargain. Add the company to your watchlist or portfolio now so...

FAIRFIELD, N.J. (AP) — FAIRFIELD, N.J. (AP) — Kearny Financial Corp. (KRNY) on Thursday reported profit of $9.5 million in its fiscal first quarter. The Fairfield, New Jersey-based company said it had net income of 15 cents per share. The bank holding company posted revenue of $88.4 million in the period. Its adjusted revenue was $43.6 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KRNY at https://www.zacks.com/ap/KRNY

FAIRFIELD, N.J., Oct. 23, 2025 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported net income for the quarter ended September 30, 2025 of $9.5 million, or $0.15 per diluted share, compared to $6.8 million, or $0.11 per diluted share, for the quarter ended June 30, 2025. The Company also announced that its Board of Directors has declared a quarterly cash dividend of $0.11 per share, payable on November 19, 2025, to stockholders of record as of November 5, 2025. Craig L. Montanaro, President and Chief Executive Officer, commented, “We are pleased to report a strong quarter that underscores our continued momentum in profitability growth. Net interest margin expansion of 10 basis points, in conjunction with solid credit quality and well-controlled expenses, led to a 36% quarter-over-quarter increase in earnings per share. Our proactive balance sheet management, combined with the expected tailwinds from anticipated reductions in the federal funds rate, positions us well for sustained performance in the quarters ahead.” Mr. Montanaro continued, “Strategically, we advanced several key initiatives designed to enhance operational efficiency and drive shareholder value. The launch of our partnership with The Lab Consulting—a leading provider of end-to-end robotic process automation—represents a key milestone in our efforts to elevate the client experience and scale revenue efficiently. Additionally, the execution of our previously announced branch consolidations enables us to reallocate capital toward higher-return opportunities, reinforcing our commitment to long-term growth and value creation.” First Quarter Highlights Net interest margin expanded by 10 basis points to 2.10%, while net interest income increased 5.2% to $37.7 million. Net income per share increased 36.4% to $0.15 per diluted share, and pre-tax, pre-provision earnings per share increased 18.8% to $0.19 per diluted share. The Company continued its loan portfolio diversification efforts, growing construction and commercial business loans by 26.8% and 10.2%, respectively, on an annualized basis. The Company is consolidating three branches as part of an optimization of its real estate footprint, streamlining to 40 locations by October 2025. In September 2025, the Company entered into a strategic partnership with The Lab Co...

FAIRFIELD, N.J. (AP) — FAIRFIELD, N.J. (AP) — Kearny Financial Corp. (KRNY) on Thursday reported profit of $6.8 million in its fiscal fourth quarter. The Fairfield, New Jersey-based company said it had profit of 11 cents per share. The bank holding company posted revenue of $85.4 million in the period. Its adjusted revenue was $40.8 million. For the year, the company reported profit of $26.1 million, or 42 cents per share. Revenue was reported as $154 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KRNY at https://www.zacks.com/ap/KRNY

FAIRFIELD, N.J., July 24, 2025 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported net income for the quarter ended June 30, 2025 of $6.8 million, or $0.11 per diluted share, compared to $6.6 million, or $0.11 per diluted share, for the quarter ended March 31, 2025. For the fiscal year ended June 30, 2025, the Company reported net income of $26.1 million, or $0.42 per diluted share, compared to a net loss of $86.7 million, or $1.39 per diluted share, for the fiscal year ended June 30, 2024. Excluding the impact of a non-cash, after-tax, goodwill impairment of $95.3 million and other non-recurring transactions, adjusted net income for the fiscal year ended June 30, 2024 was $28.2 million, or $0.45 per diluted share. The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.11 per share, payable on August 26, 2025, to stockholders of record as of August 12, 2025. Craig L. Montanaro, President and Chief Executive Officer, commented, “We are pleased to report 23% growth in pre-tax, pre-provision earnings per share this quarter, driven by ten basis points of net interest margin expansion. In addition, credit quality remains exceptional, with negligible net charge-offs for both the quarter and the fiscal year.” Mr. Montanaro continued, “These results reflect the successful execution of our strategy and the tailwinds provided by the natural repricing of our loan and time deposit portfolios. Looking ahead, we remain confident in our ability to deliver sustained earnings growth and continued margin expansion, creating long-term value for our shareholders.” Fourth Quarter Highlights Net interest margin increased 10 basis points to 2.00%, while net interest income increased 5.3% to $35.8 million. Pre-tax, pre-provision earnings per share increased 23% to $0.16 per diluted share. Net charge-offs were less than 0.01% of average loans, reflecting strong underwriting and exceptional credit quality. Non-interest expense to average assets was 1.58%, reflecting disciplined expense management. The Company received regulatory approval to consolidate three branch locations, scheduled to close in October 2025. These closures are expected to have minimal impact on the Company’s financial results. Balance Sheet Total assets were $7.74 billion at June 30, 2025, a...

Revenue: US$38.2m (up 1.9% from 3Q 2024). Net income: US$6.65m (down 10% from 3Q 2024). Profit margin: 17% (down from 20% in 3Q 2024). EPS: US$0.11 (down from US$0.12 in 3Q 2024). We've discovered 1 warning sign about Kearny Financial. View them for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.8%. Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Banks industry in the US. Performance of the American Banks industry. The company's shares are up 7.6% from a week ago. Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Kearny Financial that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. 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.

FAIRFIELD, N.J. (AP) — FAIRFIELD, N.J. (AP) — Kearny Financial Corp. (KRNY) on Thursday reported earnings of $6.6 million in its fiscal third quarter. The Fairfield, New Jersey-based company said it had profit of 11 cents per share. The bank holding company posted revenue of $83.9 million in the period. Its adjusted revenue was $38.6 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KRNY at https://www.zacks.com/ap/KRNY

FAIRFIELD, N.J., April 24, 2025 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported net income for the quarter ended March 31, 2025 of $6.6 million, or $0.11 per diluted share, compared to $6.6 million, or $0.10 per diluted share, for the quarter ended December 31, 2024. The Company also announced that its Board of Directors has declared a quarterly cash dividend of $0.11 per share, payable on May 21, 2025, to stockholders of record as of May 7, 2025. Craig L. Montanaro, President and Chief Executive Officer, commented, “Quarter over quarter net interest income grew by $1.4 million, resulting in eight basis points of net interest margin expansion. Contributing to this expansion was growth in net loans and deposits, coupled with a 24 basis point decrease in our cost of funds. We anticipate continued strong margin expansion into the June quarter, the final of our 2025 fiscal year.” Mr. Montanaro continued, “Despite recent fluctuations in US Treasury rates and broader market indices, our core business continues to perform exceedingly well and we are confident in our ability to sustain and enhance our performance in spite of the volatile environment.” Balance Sheet Total assets were $7.73 billion at March 31, 2025, a increase of $1.8 million from December 31, 2024. Investment securities totaled $1.13 billion at March 31, 2025, a decrease of $17.3 million, or 1.5%, from December 31, 2024. Loans receivable totaled $5.85 billion at March 31, 2025, an increase of $54.4 million, or 0.9%, from December 31, 2024, primarily reflecting growth in non-residential mortgage loans. Deposits were $5.71 billion at March 31, 2025, an increase of $36.3 million, or 0.6%, from December 31, 2024. This increase was primarily driven by increases in interest bearing demand deposits and consumer savings deposits, partially offset by a decrease in non-interest bearing demand deposits. The decrease in non-interest bearing deposits was primarily attributable to a $29.3 million outflow from a single depositor who used the funds to finance the construction of a building. Excluding this single account, non-interest bearing deposits increased $14.9 million, or 2.5%. Borrowings were $1.21 billion at March 31, 2025, a decrease of $45.0 million, or 3.6%, from December 31, 2024, reflecting reductions in Federal Hom...