KRNY
Kearny Financial Corp.7.80
+0.01+0.06%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
490.09MP/E (TTM)
16.60Basic EPS (TTM)
0.47Dividend Yield
0.06%Recent Filings
8-K
Kearny's FY25 earnings surge
Kearny Financial Corp. presented at its fiscal 2025 annual stockholder meeting on October 21, 2025, highlighting robust performance with net interest income rising to $35.8 million in 4Q25 from $32.4 million in 1Q25, alongside net interest margin expansion to 2.00%. The company navigated yield curve pressures and CRE concerns effectively, maintaining low net charge-offs of nine basis points annually since 2006—far below peers—while investing in AI and digital tools to boost efficiency. Kearny eyes organic growth and branch optimization in 2026, positioning its liability-sensitive balance sheet for rate-cut benefits. Yet, execution risks linger amid economic shifts.
10-K
FY2025 10-K filing overview
Kearny Financial Corp. filed its 10-K for the fiscal year ended June 30, 2025, but the provided excerpt lacks financial statements, MD&A, or any quantitative data on revenue, profitability, or quarterly performance. Without access to these core sections, specific annual topline figures, year-over-year deltas, or Q4 momentum indicators cannot be analyzed or reported. Quarterly trends, segment drivers, liquidity details, and capital allocation actions remain undisclosed in the visible content. No EPS reconciliation or non-GAAP metrics are available for review. The filing does reference Risk Factors starting on page 28, which likely include market and credit risks that could disrupt future quarterly results.
8-K
Q4 earnings up, margin expands
Kearny Financial Corp. reported Q4 fiscal 2025 net income of $6.8 million, or $0.11 per diluted share, up slightly from the prior quarter, with full-year net income surging to $26.1 million from a $86.7 million loss in 2024, excluding a $95.3 million goodwill impairment. Net interest income climbed 5.3% to $35.8 million as the margin expanded 10 basis points to 2.00%, fueled by higher loan yields and lower deposit costs, while non-interest income rose 9.4% on BOLI gains and fees. Credit quality shines. Branches consolidate soon.
8-K
SERP unfrozen for CEO
Kearny Financial Corp. amended its Supplemental Executive Retirement Plan for sole participant Craig L. Montanaro, unfreezing benefits effective July 1, 2025, after a prior halt on accruals post-2022. This allows the CEO's normal retirement, early termination, and change-in-control benefits to resume increasing under original terms. The move signals confidence in leadership continuity. No financial impact quantified.
10-Q
Q3 FY2025 results
Kearny Financial's Q3 FY2025 results showed net income dipping to $6.6M from $7.4M y/y, yet nine-month earnings surged to $19.3M versus $3.4M last year, boosted by no repeat of prior securities losses and BOLI gains. Net interest income held steady at $34.0M for the quarter but fell $10.2M y/y over nine months to $99.1M, with margin ticking up to 1.90% from 1.89% amid lower borrowing costs, while deposit costs stayed flat at 2.74%. Loans grew 2.0% q/q to $5.80B, driven by multi-family and nonresidential mortgages, but nonperforming assets edged down to 0.49% of total assets. Cash swelled to $126.1M with $2.42B borrowing capacity; borrowings dropped 29% to $1.21B after shifting to cheaper brokered CDs. Provision for credit losses stayed low at $366K. Competition in commercial real estate lending remains a key watch point.
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