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Sep 30, 2022
Kearny Financial Q1 2023 Earnings Report
Reported net income of $16.5 million, or $0.25 per diluted share, for the quarter ended September 30, 2022.
Key Takeaways
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.
Net income for the quarter ended September 30, 2022 was $16.5 million, or $0.25 per diluted share.
Total assets increased to $7.89 billion at September 30, 2022.
Loans receivable increased to $5.66 billion at September 30, 2022.
The Board of Directors declared a quarterly cash dividend of $0.11 per share.
Kearny Financial
Kearny Financial
Forward Guidance
The company expects loan growth to moderate and is focusing origination efforts on loan segments with the greatest risk-adjusted returns. They have added $600 million of derivative notional and made targeted adjustments to reduce risk and support future earnings.