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Mar 31, 2024
Kearny Financial Q3 2024 Earnings Report
Reported net income of $7.4 million for the quarter ended March 31, 2024.
Key Takeaways
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.
Total assets were $7.84 billion at March 31, 2024, a decrease of 0.7% from December 31, 2023.
Loans receivable totaled $5.76 billion at March 31, 2024, an increase of 0.2% from December 31, 2023.
Deposits were $5.21 billion at March 31, 2024, a decrease of 2.1% from December 31, 2023.
Net interest margin contracted 5 basis point to 1.89% for the quarter ended March 31, 2024.
Forward Guidance
The company did not provide specific forward guidance in this earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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