Kearny Financial Corporation (KRNY) reports developments as the holding company for Kearny Bank, a savings-bank business that gathers deposits and uses those funds to originate or purchase loans and invest in securities. Its recurring news centers on quarterly earnings, net interest income and margin trends, residential and commercial real estate lending, credit quality, capital ratios, and cash dividend declarations.
Company updates also cover balance-sheet management, deposit-franchise initiatives, residential lending expansion, operational-efficiency programs such as process automation, and branch-network actions within its New Jersey and New York banking markets.
Kearny Financial Corp. (KRNY) and MSB Financial Corp. (MSBF) have extended the Election Deadline for MSBF shareholders to submit their election materials regarding an upcoming merger. Originally set for May 28, 2020, the new deadline is June 15, 2020. Under the merger agreement, MSBF shareholders can choose to receive 1.3 shares of KRNY stock or $18 in cash per share, with a proration ensuring 10% of shares are converted to cash. Investors are encouraged to review filings with the SEC for detailed information.
Kearny Financial Corp. (NASDAQ GS: KRNY) announced a quarterly cash dividend of $0.08 per share, benefiting stockholders of record as of June 3, 2020. The dividend will be payable on June 17, 2020. As of March 31, 2020, the Company held approximately $6.8 billion in total assets, operating through 46 retail branches in New Jersey and New York.
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