Kearny Financial Earnings Reports

Kearny Financial Corp. announced a strong first quarter for fiscal year 2026, reporting a net income of $9.5 million, or $0.15 per diluted share. This represents a significant increase from the previous quarter, driven by net interest margin expansion, solid credit quality, and controlled expenses. The company also highlighted strategic initiatives aimed at enhancing operational efficiency and shareholder value.

Kearny Financial Corp. reported net income of $6.6 million for the quarter ended March 31, 2025, with diluted earnings per share of $0.11. This performance was consistent with the previous quarter's net income and showed a slight increase in diluted EPS. The company also declared a quarterly cash dividend of $0.11 per share.

Kearny Financial Corp. reported a net income of $6.6 million for the quarter ended December 31, 2024, compared to $6.1 million for the previous quarter. Earnings per share were $0.11 basic and $0.10 diluted. Deposits increased by 3.7% and the net interest margin expanded by two basis points to 1.82%.

Kearny Financial Corp. reported a net income of $6.1 million for the quarter ended September 30, 2024, compared to a GAAP net loss of $90.1 million for the quarter ended June 30, 2024. Excluding a goodwill impairment, net income increased $496,000 from the previous quarter. The Board of Directors declared a quarterly cash dividend of $0.11 per share.

Kearny Financial Corp. reported a GAAP net loss for Q4 2024 of $90.1 million, or $1.45 per diluted share, primarily due to a $95.3 million non-cash goodwill impairment. Excluding the impact of the goodwill impairment and other non-recurring transactions, adjusted net income for the quarter was $5.6 million, or $0.09 per diluted share. Deposit origination efforts have continued to gain traction with non interest-bearing deposits growing $12.3 million, or 2.1%, quarter-over-quarter.

Kearny Financial Corp. reported a net income of $7.4 million, or $0.12 per diluted share, for the quarter ended March 31, 2024, compared to a net loss of $13.8 million for the quarter ended December 31, 2023. The company's Board of Directors declared a quarterly cash dividend of $0.11 per share.

Kearny Financial Corp. reported a net loss of $9.0 million for the quarter ended December 31, 2023, compared to a net income of $9.8 million for the previous quarter. The results were impacted by non-recurring items, including a pre-tax loss of $18.1 million from the sale of investment securities and tax expense of $5.7 million related to the surrender of BOLI policies. The company executed strategies to enhance its balance sheet, liquidity, and asset quality.

Kearny Financial Corp. reported a decrease in net income for the quarter ended September 30, 2023, with $9.8 million, or $0.16 per diluted share, compared to $12.0 million, or $0.19 per diluted share, for the quarter ended June 30, 2023. The company declared a quarterly cash dividend of $0.11 per share.

Kearny Financial Corp. reported net income for the quarter ended June 30, 2023, of $12.0 million, or $0.19 per diluted share, compared to $10.3 million, or $0.16 per diluted share, for the quarter ended March 31, 2023.

Kearny Financial Corp. reported a net income of $10.3 million, or $0.16 per diluted share, for the quarter ended March 31, 2023, compared to $2.0 million, or $0.03 per diluted share, for the quarter ended December 31, 2022. The company's performance was impacted by non-recurring items. Deposits decreased by $168.0 million, while borrowings increased by $228.1 million. The Board of Directors has declared a quarterly cash dividend of $0.11 per share.

Kearny Financial Corp. reported a decrease in net income and earnings per share for the quarter ended December 31, 2022, largely attributable to a previously announced after-tax loss of $10.8 million on the sale of securities. However, total assets increased by $399.7 million, or 5.1%, to $8.29 billion.

Kearny Financial Corp. reported a net income of $16.5 million, or $0.25 per diluted share, for the quarter ended September 30, 2022. The company's total assets increased to $7.89 billion, with growth in loans and deposits. The Board of Directors declared a quarterly cash dividend of $0.11 per share.

Kearny Financial Corp. reported a decrease in net income for the quarter ended June 30, 2022, with $11.4 million, or $0.17 per diluted share, compared to the previous quarter's $17.7 million, or $0.25 per diluted share. The decrease was primarily due to a pre-tax increase in provision for credit losses and non-recurring expenses. The Board of Directors declared a quarterly cash dividend of $0.11 per share.

Kearny Financial Corp. reported a net income of $17.7 million, or $0.25 per diluted share, for the quarter ended March 31, 2022. Total loans increased by $176.8 million, and core non-maturity deposits increased by $66.2 million.

Kearny Financial Corp. reported a net income of $18.8 million, or $0.26 per diluted share, for the quarter ended December 31, 2021. The company's commercial loan and core non-maturity deposit portfolios experienced growth, and its tangible capital now stands at 11.2% of tangible assets.

Kearny Financial Corp. reported a strong start to fiscal year 2022 with record earnings driven by net interest margin expansion and growth in non-interest-bearing deposits. The company's net income increased, and the board declared a 10% increase in the quarterly cash dividend. Loan balances were impacted by commercial loan repayments despite strong origination volume.

Kearny Financial Corp. reported a net income of $18.5 million, or $0.24 per diluted share, for the quarter ended June 30, 2021. This compares to $16.4 million, or $0.20 per diluted share, for the quarter ended March 31, 2021. The results were positively impacted by a $4.9 million provision for credit loss reversal.

Kearny Financial Corp. reported a net income of $16.4 million, or $0.20 per diluted share, for the quarter ended March 31, 2021. The company experienced double-digit margin expansion due to a decrease in the cost of interest-bearing liabilities. Asset quality remained solid despite an increase in reserves on individually evaluated loans.

Kearny Financial Corp. reported net income of $16.9 million, or $0.20 per diluted share, for the quarter ended December 31, 2020, compared to $11.4 million, or $0.13 per diluted share, for the quarter ended September 30, 2020.

Kearny Financial Corp. reported a net income of $11.4 million, or $0.13 per diluted share, for the first quarter ended September 30, 2020. Excluding non-recurring items, net income would have been $15.0 million, or $0.17 per diluted share.

Kearny Financial Corp. reported a net income of $13.7 million, or $0.17 per diluted share, for the quarter ended June 30, 2020. The company's retail deposits increased, and wholesale funding was reduced. The acquisition of MSB Financial Corp. was successfully closed.

Kearny Financial Corp. reported a net income of $9.3 million for the quarter ended March 31, 2020, a decrease of $1.4 million compared to the previous quarter. The decrease was attributed to challenges presented by COVID-19 and a wholesale restructuring transaction.

Kearny Financial Corp. reported a net income of $10.7 million for the quarter ended December 31, 2019, a decrease of $718,000 compared to the previous quarter. The results were impacted by merger-related expenses and non-recurring items related to branch consolidations. However, the company experienced strong core deposit growth during the quarter.