Welcome to our dedicated page for Kearny Finl Md news (Ticker: KRNY), a resource for investors and traders seeking the latest updates and insights on Kearny Finl Md stock.
Kearny Financial Corporation (NASDAQ: KRNY), the holding company for Kearny Bank, regularly issues detailed earnings releases and corporate updates that are reflected in its news flow. As a savings institution focused on real estate-secured lending and deposit gathering in New Jersey and New York, the Company’s news often centers on quarterly and annual financial results, balance sheet trends and capital measures.
Investors following KRNY news will find recurring coverage of net income, net interest income, net interest margin, non-interest income and non-interest expense. The Company reports on deposit growth or contraction, changes in loan receivables, shifts in investment securities, and the level of borrowings, including advances from the Federal Home Loan Bank. Asset quality metrics such as non-performing assets, net charge-offs and the allowance for credit losses are also key elements of its regular earnings announcements.
Kearny Financial Corporation’s news releases frequently include information on quarterly cash dividends, with the Board of Directors declaring a per-share dividend and specifying record and payment dates. The Company also uses news releases to describe strategic actions, such as investment securities portfolio repositioning, restructuring of its bank-owned life insurance portfolio, branch consolidation plans and its strategic partnership with The Lab Consulting to deploy automation and analytics.
Corporate governance and leadership developments appear in the news as well, including promotions within the senior management team and information related to the annual meeting of stockholders. For readers and investors, the KRNY news page provides a centralized view of these earnings updates, strategic initiatives and governance disclosures, making it a useful resource for tracking how the Company’s financial and operational profile evolves over time.
Kearny Financial Corp. (NASDAQ: KRNY) reported Q2 fiscal 2026 net income of $9.4M ($0.15 diluted EPS) for the quarter ended December 31, 2025, essentially flat with the prior quarter. The Board declared a $0.11 cash dividend payable Feb 18, 2026 to shareholders of record Feb 4, 2026. Net interest margin expanded to 2.14% (+4 bps) and net interest income rose to $38.0M. Non-performing assets fell 20.6% to $51.3M (0.67% of assets). Deposits increased $79.7M (1.4%) while borrowings declined $111.5M (9.2%). Book value per share rose to $11.70 and tangible equity to tangible assets was 8.56%.
Kearny Financial Corp (NASDAQ: KRNY) reported Q1 fiscal 2026 net income of $9.5 million, or $0.15 per diluted share, up from $6.8 million ($0.11) in the prior quarter. The board declared a $0.11 per share quarterly cash dividend payable Nov 19, 2025 to holders of record Nov 5, 2025.
Key operational highlights: net interest margin expanded 10 basis points to 2.10%; net interest income rose to $37.7 million; construction loan balances grew 26.8% annualized; three branches consolidated to 40 locations; available secured borrowing capacity totaled $2.54 billion.
Kearny Financial Corp. (NASDAQ: KRNY) has announced a strategic partnership with The Lab Consulting to enhance operational efficiency and drive shareholder value. The collaboration focuses on implementing automation, AI, and process improvements across the bank's operations.
The multi-phase transformation program includes Robotic Process Automation (RPA), AI-enabled document processing, workflow orchestration, and data-driven insights through real-time KPI dashboards. The initiative aims to streamline operations, reduce expenses, and improve client experience while ensuring secure integration with core banking systems.
The program is expected to deliver operational improvements within the first year of implementation, focusing on cost optimization, revenue generation opportunities, and enhanced employee engagement.
Kearny Financial Corp. (NASDAQ GS: KRNY) reported Q4 2025 net income of $6.8 million ($0.11 per diluted share), up from $6.6 million in Q3 2025. For fiscal year 2025, net income was $26.1 million ($0.42 per diluted share), compared to a net loss of $86.7 million in FY2024. The Board declared a quarterly cash dividend of $0.11 per share.
Key Q4 highlights include a 10 basis point increase in net interest margin to 2.00%, 23% growth in pre-tax, pre-provision earnings per share, and negligible net charge-offs. Total assets reached $7.74 billion, with loans totaling $5.81 billion and deposits at $5.68 billion. Credit quality metrics remained strong with non-performing assets at 0.59% of total assets.
Kearny Financial Corp. (NASDAQ: KRNY) reported Q3 fiscal 2025 net income of $6.6 million, or $0.11 per diluted share, matching the previous quarter's $6.6 million but improving from $0.10 per share. The company declared a quarterly cash dividend of $0.11 per share, payable May 21, 2025.
Key financial metrics include:
- Net interest margin expanded 8 basis points to 1.90%
- Net interest income increased $1.4 million to $34.0 million
- Total assets reached $7.73 billion, up $1.8 million
- Loans receivable grew by $54.4 million to $5.85 billion
- Deposits increased by $36.3 million to $5.71 billion
The bank maintained strong asset quality with non-performing assets at 0.49% of total assets and a tangible equity to tangible assets ratio of 8.31%. Book value per share increased $0.05 to $11.58, while tangible book value per share rose to $9.80.
Kearny Financial Corp. (KRNY) reported net income of $6.6 million for Q2 fiscal 2025, up from $6.1 million in Q1. Earnings per share increased to $0.11 basic and $0.10 diluted, compared to $0.10 in the previous quarter.
The company declared a quarterly cash dividend of $0.11 per share, payable on February 26, 2025. Total assets decreased 0.5% to $7.73 billion, while deposits grew 3.7% to $5.67 billion. Net interest margin expanded by two basis points to 1.82%, with net interest income increasing to $32.6 million.
Asset quality improved with non-performing assets decreasing to $37.7 million (0.49% of total assets). The allowance for credit losses stood at $44.5 million, representing 0.77% of total loans.
Kearny Financial Corp reported net income of $6.1 million ($0.10 per diluted share) for Q1 FY2025, compared to a GAAP net loss of $90.1 million in the previous quarter. The Board declared a quarterly cash dividend of $0.11 per share. Net interest margin contracted four basis points to 1.80%. Total assets increased by $88.9 million to $7.77 billion, with loans receivable at $5.78 billion and deposits at $5.47 billion. Asset quality remained stable with non-performing assets at 0.51% of total assets, and the allowance for credit losses was maintained at 0.78% of total loans.
Kearny Financial Corp (NASDAQ: KRNY) reported a GAAP net loss of $90.1 million for Q4 2024, primarily due to a $95.3 million non-cash goodwill impairment. Adjusted net income was $5.6 million or $0.09 per diluted share. For fiscal year 2024, the company reported a GAAP net loss of $86.7 million, with adjusted net income of $28.2 million or $0.45 per diluted share.
Key highlights:
- Declared quarterly cash dividend of $0.11 per share
- Non-performing assets improved by $15.7 million year-over-year
- Non-interest bearing deposits grew 2.1% quarter-over-quarter
- Net interest margin contracted to 1.84% for Q4 2024
- Total assets decreased 4.7% year-over-year to $7.68 billion
- Loans receivable decreased 1.7% year-over-year to $5.73 billion
- Deposits decreased 8.4% year-over-year to $5.16 billion
Kearny Financial Corp. (NASDAQ: KRNY) has announced two key promotions effective July 1, 2024. Keith Suchodolski has been promoted to Senior Executive Vice President and Chief Operating Officer, expanding his responsibilities to include retail & business banking, human resources, marketing, corporate finance, and corporate administration. Suchodolski has been with the company since 2013 and previously served as Chief Financial Officer since July 2018. Concurrently, Sean Byrnes has been promoted to Executive Vice President and Chief Financial Officer. Byrnes, who joined the company in September 2020 as Chief Accounting Officer and has been the Deputy Chief Financial Officer, will now oversee all aspects of corporate finance. CEO Craig L. Montanaro expressed confidence in their abilities to contribute to the company's strategic vision and goals.
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