NASDAQ : KRNY
Kearny Financial Corp. — Financial statements
Financials · Banks - Regional · United States
Last price 9.12 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 576.14M
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Financial statements
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 274.52M | 271.44M | 262.99M | 256.01M | 233.15M | 190.52M |
| Interest Income on Investments | 51.51M | 52.87M | 61.48M | 72.86M | 60.58M | 35.75M |
| Total Interest Income | 326.04M | 324.31M | 324.48M | 328.87M | 293.72M | 226.27M |
| Interest Paid on Deposits | 126.65M | 128.66M | 140.26M | 122.41M | 78.16M | 15.21M |
| Interest Paid on Borrowings | 41.72M | 40.37M | 49.27M | 63.86M | 39.70M | 14.46M |
| Total Interest Expense | 168.38M | 169.03M | 189.53M | 186.27M | 117.86M | 29.67M |
| Net Interest Income | 157.66M | 155.28M | 134.94M | 142.59M | 175.87M | 196.60M |
| Gain (Loss) on Sale of Assets | 1.80M | 1.80M | ||||
| Gain (Loss) on Sale of Investments | -18.14M | -15.23M | -559.00K | |||
| Other Non-Interest Income | 19.55M | 20.09M | 18.25M | 17.40M | 19.76M | 11.95M |
| Total Non-Interest Income | 22.18M | 22.82M | 19.05M | -1.99M | 2.75M | 13.93M |
| Revenues Before Loan Losses | 179.84M | 178.11M | 154.00M | 140.60M | 178.62M | 210.54M |
| Provision for Loan Losses | 2.61M | 1.70M | 2.37M | 6.23M | 2.49M | -7.52M |
| Revenue | 177.23M | 176.41M | 151.63M | 134.38M | 176.13M | 218.06M |
| Salaries and Employee Benefits | 72.70M | 72.02M | 67.69M | 65.22M | 70.72M | 69.92M |
| Occupancy Expenses | 11.45M | 11.97M | 11.52M | 11.03M | 12.04M | 14.11M |
| Federal Deposit Insurance | 5.44M | 5.32M | 5.91M | 5.98M | 5.13M | 2.46M |
| Selling, General & Administrative | 22.79M | 23.20M | 22.11M | 22.13M | 22.94M | 26.42M |
| Other Non-Interest Expense | 14.93M | 14.70M | 13.39M | 13.42M | 12.93M | 12.80M |
| Total Non-Interest Expense | 127.32M | 127.20M | 120.63M | 117.78M | 123.75M | 125.71M |
| EBT Excluding Unusual Items | 49.91M | 49.21M | 31.00M | 16.59M | 52.38M | 92.35M |
| Other Unusual Items | -1.56M | -1.56M | ||||
| Pretax Income | 48.10M | 47.40M | 31.00M | -80.78M | 52.38M | 92.35M |
| Income Tax Expense | 11.30M | 11.14M | 4.92M | 5.89M | 11.57M | 24.80M |
| Net Income | 36.80M | 36.26M | 26.07M | -86.67M | 40.81M | 67.55M |
| Net Income to Common | 36.80M | 36.26M | 26.07M | -86.67M | 40.81M | 67.55M |
| Basic Shares Outstanding | 62.96M | 62.87M | 62.51M | 62.44M | 64.80M | 70.91M |
| Diluted Shares Outstanding | 63.37M | 63.22M | 62.72M | 62.44M | 64.80M | 70.93M |
| EPS (Basic) | 0.58 | 0.58 | 0.42 | -1.39 | 0.63 | 0.95 |
| EPS (Diluted) | 0.58 | 0.58 | 0.42 | -1.39 | 0.63 | 0.95 |
| Dividend Per Share | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.43 |
| Effective Tax Rate | 23.49% | 23.50% | 15.88% | 22.09% | 26.86% |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 115.83M | 114.82M | 167.27M | 63.86M | 70.52M | 101.61M |
| Investment Securities | 931.97M | 452.50M | 530.41M | 614.69M | 664.24M | 677.36M |
| Trading Asset Securities | 12.68M | 16.75M | 54.36M | 71.62M | 41.22M | |
| Mortgage-Backed Securities | 104.23M | 618.68M | 602.77M | 593.88M | 709.96M | 785.02M |
| Total Investments | 1.04B | 1.08B | 1.15B | 1.26B | 1.45B | 1.50B |
| Gross Loans | 5.99B | 5.88B | 5.81B | 5.75B | 5.85B | 5.44B |
| Allowance for Loan Losses | -46.05M | -45.50M | -46.19M | -44.94M | -48.73M | -47.06M |
| Other Adjustments to Gross Loans | -4.98M | -3.24M | -1.60M | -15.96M | -21.05M | -18.73M |
| Net Loans | 5.93B | 5.83B | 5.77B | 5.69B | 5.78B | 5.37B |
| Property, Plant & Equipment | 42.11M | 52.36M | 56.00M | 59.44M | 64.41M | 71.68M |
| Goodwill | 113.53M | 113.53M | 113.53M | 113.53M | 210.90M | 210.90M |
| Other Intangible Assets | 857.00K | 968.00K | 1.44M | 1.93M | 2.46M | 3.02M |
| Loans Held for Sale | 4.79M | 6.02M | 5.93M | 6.04M | 9.59M | 28.87M |
| Accrued Interest Receivable | 31.33M | 27.88M | 28.10M | 29.52M | 28.13M | 20.47M |
| Long-Term Deferred Tax Assets | 52.95M | 48.70M | 55.20M | 50.34M | 51.97M | 49.35M |
| Other Real Estate Owned & Foreclosed | 5.40M | 5.52M | 12.96M | 178.00K | ||
| Other Long-Term Assets | 381.40M | 339.00M | 332.05M | 327.72M | 315.65M | 312.27M |
| Total Assets | 7.78B | 7.68B | 7.74B | 7.68B | 8.06B | 7.72B |
| Interest Bearing Deposits | 5.04B | 3.92B | 4.09B | 3.93B | 3.60B | 3.88B |
| Institutional Deposits | 1.00B | 1.00B | 633.00M | 1.42B | 1.33B | |
| Non-Interest Bearing Deposits | 790.23M | 788.01M | 582.04M | 598.37M | 610.00M | 653.90M |
| Total Deposits | 5.83B | 5.71B | 5.68B | 5.16B | 5.63B | 5.86B |
| Short-Term Borrowings | 110.00M | 200.00M | 155.15M | 175.00M | 225.00M | 250.00M |
| Current Portion of Long-Term Debt | 750.00M | 906.50M | 1.33B | 971.81M | 518.84M | |
| Current Portion of Leases | 3.44M | 3.48M | 3.39M | 3.44M | 3.61M | |
| Federal Home Loan Bank Debt, Long-Term | 1.02B | 200.00M | 199.99M | 206.29M | 310.00M | 132.50M |
| Long-Term Leases | 7.28M | 9.44M | 11.93M | 13.78M | 15.57M | |
| Pension & Post-Retirement Benefits | 6.42M | 5.92M | 6.36M | 6.61M | 6.76M | |
| Other Long-Term Liabilities | 53.50M | 38.77M | 38.80M | 40.29M | 35.70M | 36.34M |
| Total Liabilities | 7.02B | 6.92B | 6.99B | 6.93B | 7.20B | 6.83B |
| Common Stock | 649.00K | 648.00K | 646.00K | 644.00K | 659.00K | 687.00K |
| Additional Paid-In Capital | 495.51M | 495.95M | 494.55M | 493.68M | 503.33M | 528.40M |
| Retained Earnings | 353.06M | 350.05M | 341.74M | 343.33M | 457.61M | 445.45M |
| Comprehensive Income & Other | -93.31M | -79.98M | -90.97M | -84.08M | -92.32M | -80.53M |
| Shareholders' Equity | 755.90M | 766.67M | 745.96M | 753.57M | 869.28M | 894.00M |
| Total Liabilities & Equity | 7.78B | 7.68B | 7.74B | 7.68B | 8.06B | 7.72B |
| Total Debt | 1.14B | 1.16B | 1.27B | 1.73B | 1.52B | 920.52M |
| Net Cash (Debt) | -1.02B | -1.03B | -1.09B | -1.61B | -1.38B | -777.68M |
| Net Cash Per Share | -16.08 | -16.34 | -17.39 | -25.73 | -21.32 | -10.96 |
| Filing Date Shares Outstanding | 63.12M | 63.17M | 62.79M | 62.42M | 62.86M | 65.67M |
| Total Common Shares Outstanding | 63.12M | 62.98M | 62.62M | 62.28M | 63.51M | 66.11M |
| Book Value Per Share | 11.98 | 12.17 | 11.91 | 12.10 | 13.69 | 13.52 |
| Tangible Book Value | 641.52M | 652.18M | 631.00M | 638.12M | 655.93M | 680.09M |
| Tangible Book Value Per Share | 10.16 | 10.35 | 10.08 | 10.25 | 10.33 | 10.29 |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 36.26M | 26.07M | -86.67M | 40.81M | 67.55M | |
| Depreciation & Amortization | 4.45M | 4.88M | 5.26M | 6.30M | 6.66M | |
| Gain (Loss) on Sale of Assets | -1.75M | 24.00K | 963.00K | -2.75M | -368.00K | |
| Gain (Loss) on Sale of Investments | -688.00K | -1.13M | 15.62M | 10.14M | -5.11M | |
| Total Asset Writedown | 97.37M | |||||
| Provision for Credit Losses | 1.70M | 2.37M | 6.23M | 2.49M | -7.52M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 841.00K | 911.00K | 14.03M | 21.13M | 17.07M | |
| Accrued Interest Receivable | 223.00K | 1.42M | -1.39M | -7.67M | -1.10M | |
| Change in Other Net Operating Assets | -7.93M | -7.08M | -12.26M | -20.34M | -6.55M | |
| Other Operating Activities | 2.89M | -333.00K | -798.00K | 3.15M | 6.03M | |
| Operating Cash Flow | 37.73M | 24.77M | 43.97M | 69.55M | 81.30M | |
| Capital Expenditures | -2.46M | -3.38M | -1.35M | -1.35M | -2.92M | |
| Investment in Securities | 77.70M | 94.33M | 173.65M | 35.10M | 121.05M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -72.44M | -66.77M | 80.69M | -435.11M | -589.17M | |
| Other Investing Activities | 8.13M | 16.93M | -6.85M | -16.87M | -9.62M | |
| Investing Cash Flow | 10.92M | 41.11M | 258.12M | -417.92M | -479.95M | |
| Short-Term Debt Issued | 50.00M | 230.00M | ||||
| Long-Term Debt Issued | 3.48B | 3.85B | 6.45B | 6.28B | 4.08B | |
| Total Debt Issued | 3.54B | 3.85B | 6.45B | 6.28B | 4.32B | |
| Short-Term Debt Repaid | -125.00M | -50.00M | -25.00M | |||
| Long-Term Debt Repaid | -3.64B | -4.18B | -6.20B | -5.65B | -4.10B | |
| Total Debt Repaid | -3.64B | -4.31B | -6.25B | -5.67B | -4.10B | |
| Net Debt Issued (Repaid) | -106.50M | -453.50M | 202.50M | 605.00M | 215.00M | |
| Repurchase of Common Stock | -424.00K | -362.00K | -11.72M | -28.02M | -130.50M | |
| Common Dividends Paid | -27.84M | -27.63M | -27.56M | -28.50M | -30.69M | |
| Net Increase (Decrease) in Deposit Accounts | 34.41M | 517.11M | -471.03M | -232.80M | 377.61M | |
| Other Financing Activities | -755.00K | 1.91M | -929.00K | 1.59M | 994.00K | |
| Financing Cash Flow | -101.10M | 37.52M | -308.74M | 317.27M | 432.41M | |
| Net Cash Flow | -52.45M | 103.41M | -6.65M | -31.10M | 33.76M | |
| Free Cash Flow | 35.27M | 21.39M | 42.62M | 68.19M | 78.38M | |
| Free Cash Flow Margin | 19.99% | 14.11% | 31.72% | 38.72% | 35.95% | |
| Free Cash Flow Per Share | 0.56 | 0.34 | 0.68 | 1.05 | 1.10 | |
| Cash Interest Paid | 170.14M | 194.26M | 184.94M | 108.52M | 28.82M | |
| Cash Income Tax Paid | 8.96M | 4.06M | 6.63M | 9.88M | 15.55M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 576.14M | 595.34M | 404.22M | 382.71M | 448.91M | 738.38M |
| Last Close Price | 9.12 | 9.35 | 5.99 | 5.34 | 5.76 | 8.65 |
| PE Ratio | 15.60 | 16.42 | 15.50 | 11.00 | 10.93 | |
| PS Ratio | 3.25 | 3.38 | 2.67 | 2.85 | 2.55 | 3.39 |
| PB Ratio | 0.76 | 0.78 | 0.54 | 0.51 | 0.52 | 0.83 |
| P/FCF Ratio | 16.33 | 16.88 | 18.90 | 8.98 | 6.58 | 9.42 |
| P/OCF Ratio | 15.27 | 15.78 | 16.32 | 8.70 | 6.46 | 9.08 |
| Debt / Equity Ratio | 1.50 | 1.51 | 1.71 | 2.29 | 1.75 | 1.03 |
| Debt / FCF Ratio | 32.91 | 59.59 | 40.48 | 22.35 | 11.74 | |
| Net Debt / Equity Ratio | 1.35 | 1.35 | 1.46 | 2.13 | 1.59 | 0.87 |
| Net Debt / FCF Ratio | 29.29 | 50.99 | 37.70 | 20.26 | 9.92 | |
| Return on Equity (ROE) | 4.88% | 4.79% | 3.48% | -10.68% | 4.63% | 6.98% |
| Return on Assets (ROA) | 0.48% | 0.47% | 0.34% | -1.10% | 0.52% | 0.90% |
| Earnings Yield | 6.41% | 6.09% | 6.45% | -22.65% | 9.09% | 9.15% |
| FCF Yield | 6.12% | 5.92% | 5.29% | 11.14% | 15.19% | 10.62% |
| Dividend Yield | 4.83% | 4.66% | 6.82% | 7.16% | 6.22% | 3.85% |
| Payout Ratio | 75.28% | 76.76% | 105.98% | 69.83% | 45.44% | |
| Buyback Yield / Dilution | -0.83% | -0.80% | -0.44% | 3.64% | 8.64% | 13.91% |
| Total Shareholder Return | 3.99% | 3.85% | 6.38% | 10.80% | 14.87% | 17.76% |