Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
An update from Kearny Financial ( (KRNY) ) is now available.
Kearny Financial Corp. announced its fiscal second-quarter results for the period ending December 31, 2024, reporting a net income of $6.6 million, an increase from $6.1 million in the previous quarter. The company declared a quarterly cash dividend of $0.11 per share, reflecting its optimistic outlook on deposit growth and interest margin expansion. With a 3.7% growth in deposits and a decrease in borrowings, Kearny Financial is strategically positioned to leverage positive deposit trends and reinvest low-coupon cash flows to support future earnings, despite moderated market expectations for rate cuts.
More about Kearny Financial
Kearny Financial Corp. is a financial services holding company for Kearny Bank. The company operates in the banking industry, focusing on deposits, loans, and investment securities, and is committed to expanding its net interest margin and income through digital channels and commercial lending relationships.
YTD Price Performance: 5.51%
Average Trading Volume: 356,569
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $470.1M
See more insights into KRNY stock on TipRanks’ Stock Analysis page.
