Kearny Financial

Q2 2026 -1.82%Q1 2026 -2.23%Q4 2025 -5.67%Q3 2025 +4.71%Q2 2025 -5.49%Q1 2025 -6.22%Q4 2024 +0.42%Q3 2024 -4.83%Q2 2024 -6.83%Q1 2024 +3.77%Q4 2023 +6.82%Q3 2023 +3.73%Q2 2023 -8.42%Q1 2023 -4.30%Q4 2022 -0.85%Q3 2022 -2.63%Q2 2022 -1.06%Q1 2022 +1.12%Q4 2021 -0.58%Q3 2021 +1.51%Q2 2021 +2.48%Q1 2021 -1.75%Q4 2020 +2.94%Q3 2020 +11.78%Q2 2020 -5.15%Q1 2020 +1.67%Q4 2019 -2.98%Q3 2019 +3.40%Q2 2019 -2.80%Q1 2019 -1.22%Q4 2018 +7.89%Q3 2018 +4.85%Q2 2018 +1.47%Q1 2018 -2.90%Q4 2017 -0.68%Q3 2017 -4.89%Q2 2017 +5.54%Q1 2017 0.00%Q4 2016 +0.46%Q3 2015 -2.34%Q3 2016 +0.40%Q2 2016 -3.68%Q1 2015 +0.82%Q1 2016 +0.82%Q1 2014 +0.80%Q2 2014 +0.80%Q2 2015 +0.80%Q3 2014 +0.80%Q4 2013 +0.80%Q4 2014 +0.80%Q4 2015 +0.80%Q3 2013 -1.22%Q2 2013 +3.19%Q1 2013 -0.71%Q4 2012 +0.28%Q3 2012 +2.41%Q2 2012 +1.02%Q1 2012 -3.26%Q4 2011 +0.90%Q3 2011 +1.66%Q2 2011 +1.93%Q1 2011 -0.77%Q4 2010 -1.20%Q3 2010 -0.66%

Oct 26, 2023

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Sep 30, 2023

Kearny Financial Q1 2024 Earnings Report

Kearny Financial's net income decreased due to industry-wide macro-economic headwinds, balance sheet deleveraged, net interest margin compression slowed, and high-value loan and deposit relationships built.

Key Takeaways

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.

Balance sheet de-leveraged by an additional $90 million.

Net interest margin compression meaningfully slowed.

Focus on building high-value loan and deposit relationships.

Launched enhanced digital banking platform to expand online and mobile capabilities.

Total Revenue

$39.2M

Previous year: $48.5M