Kearny Financial Corp

kearny.q4ir.com

Kearny Financial Corp (NASDAQ: KRNY) is a community banking company that operates as a savings institution serving retail and commercial customers. It earns money primarily through net interest income, the spread between interest earned on loans and investment securities and interest paid on deposits and borrowings. Net loans receivable totaled $5.77 billion as of June 30, 2025, against total assets of $7.74 billion and total deposits of $5.68 billion. Interest income was $324.5 million for FY2025, while interest expense was $189.5 million, producing net interest income of $134.9 million. Non-interest income contributed $19.1 million in FY2025. Net income for FY2025 was $26.1 million, or $0.42 per diluted share, compared to a net loss of $86.7 million in FY2024, which included a $95.3 million non-cash goodwill impairment. Total capital to risk-weighted assets stood at 14.49% at June 30, 2025, well above the 10.00% well-capitalized threshold. The bank funds its loan portfolio through retail deposits and Federal Home Loan Bank advances, which totaled $1.11 billion as of June 30, 2025.