Kearny Finl Corp Md Stock Price, News & Analysis

Kearny Financial Corp. (KRNY) reported a net income of $18.8 million for Q4 2021, down from $19.7 million in Q3 2021. EPS remained steady at $0.26. The Board declared a $0.11 cash dividend, payable on February 23, 2022. Total loans grew to $4.83 billion despite significant repayments, while deposits rose to $5.45 billion. However, net interest income dropped by $903,000 to $48.7 million, with a slight contraction in net interest margin. The company maintained a strong capital position with a tangible equity ratio of 11.2% and repurchased shares totaling $30 million.

Kearny Financial Corp. (NASDAQ GS: KRNY) reported a net income of $19.7 million, or $0.26 per diluted share, for the quarter ended September 30, 2021, up from $18.5 million, or $0.24 per diluted share, in the prior quarter. The Board declared a quarterly cash dividend of $0.11 per share, a 10% increase. Non-interest-bearing deposits grew by 6.3%, while loan balances decreased due to record commercial loan repayments. The return on average assets improved to 1.09%. The company authorized a new 10% share repurchase plan, reaffirming its commitment to returning capital to shareholders.

Kearny Financial Corp. (NASDAQ: KRNY) announced a new stock repurchase plan to buy back up to 7.6 million shares, about 10% of its outstanding common stock. Purchases will occur periodically in the open market or through negotiated transactions, depending on market conditions and the company's financial performance. This plan has no expiration date and can be modified or terminated based on various factors. As of June 30, 2021, Kearny Financial reported assets of approximately $7.3 billion.

Kearny Financial Corp. (KRNY) has completed its stock repurchase plan, buying back 4,064,649 shares at a total cost of $50.5 million, or $12.43 per share. This move is expected to enhance shareholder value by reducing the number of outstanding shares, which may positively impact earnings per share (EPS). As of June 30, 2021, the company reported total assets of approximately $7.3 billion. However, the ongoing COVID-19 pandemic continues to pose risks that could adversely affect the company's financial performance and stability.

Kearny Financial Corp. (NASDAQ GS: KRNY) has declared a quarterly cash dividend of $0.10 per share for stockholders of record as of September 1, 2021. The dividend will be payable on September 15, 2021.

The company, the holding entity for Kearny Bank, operates 48 retail branches in New Jersey and New York, with total assets reaching approximately $7.3 billion as of June 30, 2021.

Kearny Financial Corp. (NASDAQ: KRNY) reported net income of $18.5 million, or $0.24 per diluted share, for Q2 FY2021, a rise from $16.4 million or $0.20 in the prior quarter. For the fiscal year ended June 30, 2021, net income surged 40.6% to $63.2 million. The company benefited from a $4.9 million credit loss reversal. Key metrics include a 2.75% net interest margin, 23.5% increase in net interest income to $184.5 million, and a 20.7% rise in cash dividends. Total assets were $7.28 billion, with a 1.64% non-performing loans ratio.

Kearny Financial Corp. (NASDAQ GS: KRNY) has completed its 5% stock repurchase plan, buying back 4,210,520 shares at a total cost of $51.1 million, averaging $12.15 per share. Following this, a new repurchase plan has been initiated, allowing for the acquisition of up to 4,064,649 shares, also approximately 5% of the outstanding stock. Repurchases will be conducted at management's discretion, influenced by market conditions and the company's financial health.

Kearny Financial Corp. (NASDAQ GS: KRNY) has declared a quarterly cash dividend of $0.10 per share to stockholders of record as of June 2, 2021, payable on June 16, 2021. This marks an increase from the previous quarter's dividend of $0.09 per share. As of March 31, 2021, Kearny Financial Corp. boasts total assets of approximately $7.4 billion, with its operations supported by 49 branch offices across New Jersey and New York.

Kearny Financial Corp. (NASDAQ: KRNY) has announced a new stock repurchase program to acquire up to 4,064,649 shares, representing approximately 5% of its outstanding common stock. This plan will start after the current program, which has 321,820 shares remaining. The repurchase will be conducted at management’s discretion, factoring in market conditions and the company's financial performance. The program allows for flexibility in its execution and does not obligate the company to repurchase a specific number of shares.