KRNY
Kearny Financial Corp.
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Latest Quote
$9.82
| Previous Close | $10.01 |
| Open | $10.02 |
| Day High | $10.06 |
| Day Low | $9.81 |
| Volume | 601,299 |
Stock Information
| Quarterly Dividend / Yield | $0.44 / 4.39% |
| Shares Outstanding | 64.93M |
| Quarterly Dividend Yield | 4.39% |
| Quarterly Dividend | $0.44 |
| Total Debt | $1.16B |
| Cash Equivalents | $127.50M |
| Revenue | $176.41M |
| Net Income | $36.26M |
| Sector | Financial Services |
| Industry | Banks - Regional |
| Market Cap | $637.61M |
| P/E Ratio | 17.23 |
| EPS (TTM) | $0.57 |
| Exchange | NMS |
Recent Price History
About Kearny Financial Corp.
Kearny Financial Corp. operates as the holding company for Kearny Bank that provides banking products and services in the United States. The company offers deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, individual retirement account, and certificates of deposit. It also provides loans, such as multifamily mortgage loans, nonresidential commercial real estate mortgage loans, commercial and industrial loans, construction loans, one-to four-family residential mortgage loans, residential mortgage loans, home equity loans, personal loans, and consumer loans; and overdraft lines of credit, as well as engages in investment activities. In addition, the company offers treasury management services, commercial deposit products, corporate banking services, wealth management services, and insurance brokerage services. It serves consumers, small and middle-market businesses, professionals, nonprofit organizations, and government entities through branch locations and digital banking channels. The company was founded in 1884 and is headquartered in Fairfield, New Jersey.
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Income Statement (Annual)
| Metric | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|
| Revenue | ||||
| Total Revenue | $153,995,000 | $140,601,000 | $178,616,000 | $210,537,000 |
| Operating Revenue | $153,995,000 | $140,601,000 | $178,616,000 | $210,537,000 |
| Expenses | ||||
| Interest Expense | $189,533,000 | $186,274,000 | $117,859,000 | $29,669,000 |
| Selling And Marketing Expense | $1,877,000 | $1,396,000 | $2,122,000 | $2,059,000 |
| General And Administrative Expense | $78,136,000 | $76,706,000 | $82,086,000 | $80,851,000 |
| Other Non Interest Expense | $13,390,000 | $13,423,000 | $12,930,000 | $12,798,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $26,075,000 | $-86,667,000 | $40,811,000 | $67,547,000 |
| Net Interest Income | $134,943,000 | $142,594,000 | $175,865,000 | $196,603,000 |
| Interest Income | $324,476,000 | $328,868,000 | $293,724,000 | $226,272,000 |
| Normalized Income | $26,075,000 | $-8,975,240 | $40,919,295 | $67,543,343 |
| Net Income From Continuing And Discontinued Operation | $26,075,000 | $-86,667,000 | $40,811,000 | $67,547,000 |
| Net Income Common Stockholders | $26,075,000 | $-86,667,000 | $40,811,000 | $67,547,000 |
| Net Income | $26,075,000 | $-86,667,000 | $40,811,000 | $67,547,000 |
| Net Income Including Noncontrolling Interests | $26,075,000 | $-86,667,000 | $40,811,000 | $67,547,000 |
| Net Income Continuous Operations | $26,075,000 | $-86,667,000 | $40,811,000 | $67,547,000 |
| Pretax Income | $30,999,000 | $-80,776,000 | $52,379,000 | $92,347,000 |
| Special Income Charges | $0 | $-97,370,000 | $0 | $0 |
| Per Share | ||||
| Basic EPS | $0.42 | $-1.39 | $0.63 | $0.95 |
| Diluted EPS | - | $-1.39 | $0.63 | $0.95 |
| Other | ||||
| Tax Effect Of Unusual Items | $0 | $-20,652,240 | $-30,705 | $1,343 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Total Unusual Items | $0 | $-98,344,000 | $-139,000 | $5,000 |
| Total Unusual Items Excluding Goodwill | $0 | $-98,344,000 | $-139,000 | $5,000 |
| Reconciled Depreciation | $4,881,000 | $5,256,000 | $6,296,000 | $6,656,000 |
| Diluted Average Shares | $62,716,000 | $62,444,000 | $64,804,000 | $70,933,000 |
| Basic Average Shares | $62,508,000 | $62,444,000 | $64,804,000 | $70,911,000 |
| Diluted NI Availto Com Stockholders | $26,075,000 | $-86,667,000 | $40,811,000 | $67,547,000 |
| Tax Provision | $4,924,000 | $5,891,000 | $11,568,000 | $24,800,000 |
| Impairment Of Capital Assets | $0 | $97,370,000 | $0 | $0 |
| Gain On Sale Of Security | $0 | $-18,135,000 | $-15,227,000 | $-559,000 |
| Selling General And Administration | $80,013,000 | $78,102,000 | $84,208,000 | $82,910,000 |
| Insurance And Claims | $5,911,000 | $5,980,000 | $5,133,000 | $2,455,000 |
| Salaries And Wages | $72,225,000 | $70,726,000 | $76,953,000 | $78,396,000 |
| Occupancy And Equipment | $27,227,000 | $26,256,000 | $26,613,000 | $30,000,000 |
| Restructuring And Mergern Acquisition | - | - | $0 | $0 |
Balance Sheet (Annual)
| Metric | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $631,001,000 | $638,115,000 | $655,932,000 | $680,085,000 |
| Total Assets | $7,740,450,000 | $7,683,461,000 | $8,064,815,000 | $7,719,883,000 |
| Goodwill And Other Intangible Assets | $114,961,000 | $115,456,000 | $213,352,000 | $213,915,000 |
| Other Intangible Assets | $1,436,000 | $1,931,000 | $2,457,000 | $3,020,000 |
| Receivables | $28,098,000 | $29,521,000 | $28,133,000 | $20,466,000 |
| Accounts Receivable | $28,098,000 | $29,521,000 | $28,133,000 | $20,466,000 |
| Cash And Cash Equivalents | $167,269,000 | $63,864,000 | $70,515,000 | $101,615,000 |
| Cash Financial | $21,864,000 | $17,201,000 | $21,795,000 | $26,094,000 |
| Cash Cash Equivalents And Federal Funds Sold | $167,269,000 | $63,864,000 | $70,515,000 | $101,615,000 |
| Debt | ||||
| Net Debt | $1,089,222,000 | $1,545,925,000 | $1,436,297,000 | $799,722,000 |
| Total Debt | $1,256,491,000 | $1,609,789,000 | $1,506,812,000 | $901,337,000 |
| Long Term Debt And Capital Lease Obligation | $1,106,491,000 | $1,434,789,000 | $1,281,812,000 | $651,337,000 |
| Long Term Debt | $1,106,491,000 | $1,434,789,000 | $1,281,812,000 | $651,337,000 |
| Current Debt And Capital Lease Obligation | $150,000,000 | $175,000,000 | $225,000,000 | $250,000,000 |
| Current Debt | $150,000,000 | $175,000,000 | $225,000,000 | $250,000,000 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $6,994,488,000 | $6,929,890,000 | $7,195,531,000 | $6,825,883,000 |
| Equity | ||||
| Common Stock Equity | $745,962,000 | $753,571,000 | $869,284,000 | $894,000,000 |
| Total Equity Gross Minority Interest | $745,962,000 | $753,571,000 | $869,284,000 | $894,000,000 |
| Stockholders Equity | $745,962,000 | $753,571,000 | $869,284,000 | $894,000,000 |
| Other Equity Interest | $-18,970,000 | $-20,916,000 | $-22,862,000 | $-24,807,000 |
| Gains Losses Not Affecting Retained Earnings | $-72,004,000 | $-63,163,000 | $-69,456,000 | $-55,727,000 |
| Other Equity Adjustments | $-72,004,000 | $-63,163,000 | $-69,456,000 | $-55,727,000 |
| Retained Earnings | $341,744,000 | $343,326,000 | $457,611,000 | $445,451,000 |
| Other | ||||
| Treasury Shares Number | $1,956,805 | $2,157,501 | $2,358,198 | $2,558,895 |
| Ordinary Shares Number | $62,620,676 | $62,276,923 | $63,505,877 | $66,107,428 |
| Share Issued | $64,577,481 | $64,434,424 | $65,864,075 | $68,666,323 |
| Tangible Book Value | $631,001,000 | $638,115,000 | $655,932,000 | $680,085,000 |
| Invested Capital | $2,002,453,000 | $2,363,360,000 | $2,376,096,000 | $1,795,337,000 |
| Total Capitalization | $1,852,453,000 | $2,188,360,000 | $2,151,096,000 | $1,545,337,000 |
| Additional Paid In Capital | $494,546,000 | $493,680,000 | $503,332,000 | $528,396,000 |
| Capital Stock | $646,000 | $644,000 | $659,000 | $687,000 |
| Common Stock | $646,000 | $644,000 | $659,000 | $687,000 |
| Preferred Stock | $0 | $0 | $0 | $0 |
| Line Of Credit | $150,000,000 | $175,000,000 | $225,000,000 | $250,000,000 |
| Investments And Advances | $1,133,186,000 | $1,208,575,000 | $1,374,194,000 | $1,462,384,000 |
| Held To Maturity Securities | $120,217,000 | $135,742,000 | $146,465,000 | $118,291,000 |
| Goodwill | $113,525,000 | $113,525,000 | $210,895,000 | $210,895,000 |
| Net PPE | $43,897,000 | $44,940,000 | $48,309,000 | $53,281,000 |
| Accumulated Depreciation | $-56,920,000 | $-54,053,000 | $-51,170,000 | $-48,260,000 |
| Gross PPE | $100,817,000 | $98,993,000 | $99,479,000 | $101,541,000 |
| Leases | $10,607,000 | $10,410,000 | $12,029,000 | $11,336,000 |
| Construction In Progress | $244,000 | $967,000 | $71,000 | $426,000 |
| Machinery Furniture Equipment | $29,686,000 | $29,877,000 | $29,720,000 | $29,431,000 |
| Buildings And Improvements | $48,507,000 | $45,966,000 | $45,886,000 | $48,156,000 |
| Land And Improvements | $11,773,000 | $11,773,000 | $11,773,000 | $12,192,000 |
| Other Short Term Investments | $1,012,969,000 | $1,072,833,000 | $1,227,729,000 | $1,344,093,000 |
Cash Flow Statement (Annual)
| Metric | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $21,388,000 | $42,621,000 | $68,194,000 | $78,381,000 |
| Operating Activities | ||||
| Operating Cash Flow | $24,771,000 | $43,971,000 | $69,549,000 | $81,301,000 |
| Cash Flow From Continuing Operating Activities | $24,771,000 | $43,971,000 | $69,549,000 | $81,301,000 |
| Operating Gains Losses | $-173,000 | $18,475,000 | $14,344,000 | $-1,340,000 |
| Investing Activities | ||||
| Capital Expenditure | $-3,383,000 | $-1,350,000 | $-1,355,000 | $-2,920,000 |
| Investing Cash Flow | $41,109,000 | $258,122,000 | $-417,918,000 | $-479,951,000 |
| Cash Flow From Continuing Investing Activities | $41,109,000 | $258,122,000 | $-417,918,000 | $-479,951,000 |
| Net Other Investing Changes | $19,645,000 | $-4,789,000 | $-19,593,000 | $-10,229,000 |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $-362,000 | $-11,724,000 | $-28,020,000 | $-130,497,000 |
| Financing Cash Flow | $37,525,000 | $-308,744,000 | $317,269,000 | $432,410,000 |
| Cash Flow From Continuing Financing Activities | $37,525,000 | $-308,744,000 | $317,269,000 | $432,410,000 |
| Net Other Financing Charges | $1,908,000 | $-929,000 | $1,592,000 | $994,000 |
| Cash Dividends Paid | $-27,634,000 | $-27,564,000 | $-28,499,000 | $-30,693,000 |
| Common Stock Dividend Paid | $-27,634,000 | $-27,564,000 | $-28,499,000 | $-30,693,000 |
| Net Common Stock Issuance | $-362,000 | $-11,724,000 | $-28,020,000 | $-130,497,000 |
| Other | ||||
| Repayment Of Debt | $-4,308,500,000 | $-6,247,500,000 | $-5,675,000,000 | $-4,100,000,000 |
| Issuance Of Debt | $3,855,000,000 | $6,450,000,000 | $6,280,000,000 | $4,085,000,000 |
| Interest Paid Supplemental Data | $194,264,000 | $184,938,000 | $108,516,000 | $28,816,000 |
| Income Tax Paid Supplemental Data | $4,062,000 | $6,634,000 | $9,883,000 | $15,552,000 |
| End Cash Position | $167,269,000 | $63,864,000 | $70,515,000 | $101,615,000 |
| Beginning Cash Position | $63,864,000 | $70,515,000 | $101,615,000 | $67,855,000 |
| Changes In Cash | $103,405,000 | $-6,651,000 | $-31,100,000 | $33,760,000 |
| Common Stock Payments | $-362,000 | $-11,724,000 | $-28,020,000 | $-130,497,000 |
| Net Issuance Payments Of Debt | $-453,500,000 | $202,500,000 | $605,000,000 | $215,000,000 |
| Net Short Term Debt Issuance | $-125,000,000 | $-50,000,000 | $-25,000,000 | $230,000,000 |
| Short Term Debt Payments | $-125,000,000 | $-50,000,000 | $-25,000,000 | - |
| Net Long Term Debt Issuance | $-328,500,000 | $252,500,000 | $630,000,000 | $-15,000,000 |
| Long Term Debt Payments | $-4,183,500,000 | $-6,197,500,000 | $-5,650,000,000 | $-4,100,000,000 |
| Long Term Debt Issuance | $3,855,000,000 | $6,450,000,000 | $6,280,000,000 | $4,085,000,000 |
| Sale Of Investment | $199,456,000 | $247,950,000 | $241,981,000 | $436,604,000 |
| Purchase Of Investment | $-107,854,000 | $-76,365,000 | $-207,639,000 | $-315,551,000 |
| Net Investment Properties Purchase And Sale | $0 | $11,982,000 | $315,000 | $708,000 |
| Sale Of Investment Properties | $0 | $11,982,000 | $315,000 | $708,000 |
| Net PPE Purchase And Sale | $-3,367,000 | $-1,350,000 | $2,125,000 | $-2,308,000 |
| Sale Of PPE | $16,000 | $0 | $3,480,000 | $612,000 |
| Purchase Of PPE | $-3,383,000 | $-1,350,000 | $-1,355,000 | $-2,920,000 |
| Change In Working Capital | $-10,389,000 | $-12,310,000 | $-18,233,000 | $-6,802,000 |
| Change In Other Working Capital | $-10,449,000 | $-8,826,000 | $-8,645,000 | $-6,167,000 |
| Change In Other Current Liabilities | $-3,149,000 | $1,506,000 | $-14,530,000 | $-8,306,000 |
| Change In Other Current Assets | $6,517,000 | $-4,938,000 | $2,833,000 | $7,922,000 |
| Change In Payables And Accrued Expense | $-4,731,000 | $1,336,000 | $9,776,000 | $853,000 |
| Change In Payable | $-4,731,000 | $1,336,000 | $9,776,000 | $853,000 |
| Change In Account Payable | $-4,731,000 | $1,336,000 | $9,776,000 | $853,000 |
| Change In Receivables | $1,423,000 | $-1,388,000 | $-7,667,000 | $-1,104,000 |
| Changes In Account Receivables | $1,423,000 | $-1,388,000 | $-7,667,000 | $-1,104,000 |
| Other Non Cash Items | $-223,000 | $12,485,000 | $16,183,000 | $11,395,000 |
| Stock Based Compensation | $3,176,000 | $4,003,000 | $4,873,000 | $6,340,000 |
| Asset Impairment Charge | $0 | $97,370,000 | $0 | $0 |
| Deferred Tax | $-942,000 | $-867,000 | $2,789,000 | $5,023,000 |
| Deferred Income Tax | $-942,000 | $-867,000 | $2,789,000 | $5,023,000 |
| Depreciation Amortization Depletion | $4,881,000 | $5,256,000 | $6,296,000 | $6,656,000 |
| Depreciation And Amortization | $4,881,000 | $5,256,000 | $6,296,000 | $6,656,000 |
| Amortization Cash Flow | $495,000 | $526,000 | $563,000 | $685,000 |
| Amortization Of Intangibles | $495,000 | $526,000 | $563,000 | $685,000 |
| Depreciation | $4,386,000 | $4,730,000 | $5,733,000 | $5,971,000 |
| Pension And Employee Benefit Expense | $609,000 | $69,000 | $358,000 | $1,003,000 |
| Gain Loss On Investment Securities | $0 | $18,135,000 | $15,227,000 | $559,000 |
| Gain Loss On Sale Of PPE | $24,000 | $-11,000 | $-2,886,000 | $-363,000 |
| Net Income From Continuing Operations | $26,075,000 | $-86,667,000 | $40,811,000 | $67,547,000 |
| Proceeds From Stock Option Exercised | - | - | $0 | $0 |
| Net Business Purchase And Sale | - | - | $0 | $0 |
| Sale Of Business | - | - | $0 | $0 |