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Kearny Financial Corporation - $KRNY STOCK NEWS

Welcome to our dedicated page for Kearny Financial Corporation news (Ticker: $KRNY), a resource for investors and traders seeking the latest updates and insights on Kearny Financial Corporation stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Kearny Financial Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Kearny Financial Corporation's position in the market.

News
Kearny Financial Corp. Announces Third Quarter Fiscal 2024 Results and Declaration of Cash Dividend
Rhea-AI Summary
Kearny Financial Corp. reported net income of $7.4 million for Q3 of fiscal 2024, with a declared cash dividend of $0.11 per share. The company focuses on prudent risk management and maintains a well-diversified loan portfolio. Total assets decreased slightly to $7.84 billion, with an increase in loans receivable but a decrease in deposits. Net interest margin contracted to 1.89%, while non-interest income saw a significant increase. Non-interest expenses decreased, and asset quality improved with a decrease in non-performing assets. Book value per share and tangible book value per share both increased.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.33%
Tags
dividends earnings
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News
Kearny Financial Corp. Revises Second Quarter Fiscal 2024 Results
Rhea-AI Summary
Kearny Financial Corp. revised its earnings release for the quarter ended December 31, 2023, resulting in a net loss of $13.8 million, or $0.22 per diluted share. The company executed a sale of $122.2 million of its available-for-sale debt securities, restructured its BOLI portfolio, resolved non-performing assets, and engaged in hedging activities. Total assets decreased to $7.90 billion, while net interest margin contracted to 1.94%. The company's Board of Directors declared a quarterly cash dividend of $0.11 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.41%
Tags
earnings
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News
Kearny Financial Corp. Announces Second Quarter Fiscal 2024 Results and Declaration of Cash Dividend
Rhea-AI Summary
Kearny Financial Corp. reported a net loss for the quarter ended December 31, 2023, of $9.0 million, with a quarterly cash dividend of $0.11 per share declared. The company executed strategies to enhance balance sheet, liquidity position, and asset quality metrics. Total assets decreased by 0.9%, and net interest margin contracted 16 basis points to 1.94%. Non-interest income decreased due to investment securities portfolio repositioning, while income from BOLI increased. Non-interest expense remained flat, and income tax expense decreased. The balance of non-performing assets decreased to $49.8 million, and the Company repurchased 687,140 shares of common stock at a cost of $4.7 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.83%
Tags
dividends earnings
News
Kearny Financial Corp. Announces Investment Securities Repositioning
Rhea-AI Summary
Kearny Financial Corp. (NASDAQ GS: KRNY) announced the repositioning of its investment securities portfolio, executing the sale of $122.2 million of debt securities, resulting in a $12.9 million after-tax loss. The proceeds were utilized to retire higher-cost wholesale funding and reinvest into loans yielding current market rates, expected to be immediately accretive to net interest income.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.08%
Tags
none
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News
Kearny Financial Corp. Announces Completion of Stock Repurchase Plan
Rhea-AI Summary
Kearny Financial Corp. (KRNY) has completed its stock repurchase plan, buying back 4,000,000 shares at a cost of $34.9 million, or $8.74 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.01%
Tags
buyback
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News
Kearny Financial Corp. Announces First Quarter Fiscal 2024 Results and Declaration of Cash Dividend
Rhea-AI Summary
Kearny Financial Corp. reports Q3 2023 net income of $9.8 million, declares quarterly cash dividend of $0.11 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.98%
Tags
dividends earnings
News
Kearny Financial Corp. Announces Fourth Quarter and Fiscal Year End 2023 Results and Declaration of Cash Dividend
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.38%
Tags
dividends earnings
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News
Kearny Financial Corp. Appoints New Board Members
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.52%
Tags
management
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News
Kearny Financial Corp. Announces Third Quarter Fiscal 2023 Results and Declaration of Cash Dividend
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.4%
Tags
dividends earnings
News
Kearny Financial Corp. Announces Second Quarter Fiscal 2023 Results and Declaration of Cash Dividend
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.62%
Tags
dividends earnings
Stock KRNY logo
Kearny Financial Corporation

Nasdaq:KRNY

KRNY Rankings

#3258 Ranked by Market Cap
#3962 Ranked by Stock Gains
#338 Ranked by Dividends

KRNY Stock Data

364.07M
55.77M
11.7%
64.49%
1.54%
Savings Institutions
Finance and Insurance
Link
United States of America
FAIRFIELD

About KRNY

kearny federal savings is a banking company based out of 2 brick blvd, brick, new jersey, united states.