Kearny Financial Corp
kearny.q4ir.comWhat Do They Do?
Takes deposits from the public and uses them to make or buy loans, mainly backed by commercial and residential real estate, for businesses and consumers.
10-K for FY2026, filed Aug 21, 2026
How Do They Make Money?
Earns interest on loans and securities, while paying interest on deposits and borrowings; it also collects deposit fees for transactions, monthly account maintenance and overdrafts, and interchange fees on card transactions.
10-K for FY2026, filed Aug 21, 2026We derive our income mainly from the difference or spread between the interest earned on loans, securities and other interest-earning…View ↗
The Company earns fees from deposit customers for transaction-based, account maintenance, and overdraft services. Transaction-based fees…View ↗
The Company earns interchange fees from debit and credit card holder transactions conducted through various payment networks. Interchange…View ↗
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10-K for FY2026, filed Aug 21, 2026
FY2026 revenue by product or service (Deposit-related fees and charges) ↗
$324.3M
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10-K for FY2026, filed Aug 21, 2026
$324.3M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Deposit-related fees and charges
|
62%
FY2023: 52%
|
Deposit-related fees and charges, FY2026
$2.8M Sources
|
|
|
Electronic banking fees and charges (interchange income)
Usage-based
|
38%
FY2023: 48%
|
Electronic banking fees and charges (interchange income), FY2026
$1.7M Sources
|
Usage-based |
Who Are Their Customers?
Takes deposits from the general public in the communities around its branches and lends to small and middle-market businesses, professionals, and consumers.
10-K for FY2026, filed Aug 21, 2026The Company’s primary business is the ownership and operation of the Bank. The Bank is principally engaged in the business of attracting…View ↗
We continue to focus on expanding our commercial banking franchise by growing relationships with small and middle-market businesses and…View ↗
Market Area. At June 30, 2026, our primary market area consisted of the counties in which we currently operate branches, including Bergen…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 11 cents of every revenue dollar as net income in FY2026 and turned 11 cents into free cash flow.
How Are They Changing?
Growing. Revenue grew 125.7x in 4 years, from $2.6M in FY2022 to $324.3M in FY2026, about 235% a year.
Third-party C&I loans
The latest report says the Bank supplements its commercial and industrial loan portfolio by buying loans from third parties; the older report describes originating commercial term loans and lines of credit.
10-K for FY2023, filed Aug 25, 2023 10-K for FY2026, filed Aug 21, 2026Commercial Business (C&I) Loans. At June 30, 2023, commercial business loans totaled $146.9 million, or 2.5% of our loan portfolio. We…View ↗
Commercial and Industrial Business (C&I) Loans. At June 30, 2026, commercial and industrial business loans totaled $223.9 million, or 3.8%…View ↗
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