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Jun 30, 2021
Kearny Financial Q4 2021 Earnings Report
Reported an increase in net income due to a provision for credit loss reversal, reflecting an improved economic forecast and credit risk outlook.
Key Takeaways
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.
Net income for the quarter ended June 30, 2021 was $18.5 million, or $0.24 per diluted share.
The results for the quarter ended June 30, 2021 were favorably impacted by a provision for credit loss reversal of $4.9 million.
Total assets at June 30, 2021, were $7.28 billion, a decrease of $74.3 million, or 1.0%, from March 31, 2021.
Deposits totaled $5.49 billion at June 30, 2021, an increase of $110.9 million, or 2.1%, from March 31, 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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