Kearny Financial ( (KRNY) ) has released its Q4 earnings. Here is a breakdown of the information Kearny Financial presented to its investors.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Kearny Financial Corp., a holding company for Kearny Bank, operates in the financial services sector, providing banking services primarily in New Jersey and New York. The company is known for its focus on community banking and maintaining strong credit quality.
Kearny Financial Corp. reported its fourth-quarter and fiscal year-end 2025 financial results, highlighting a net income of $6.8 million for the quarter and $26.1 million for the fiscal year. The company also declared a quarterly cash dividend of $0.11 per share, reflecting its commitment to returning value to shareholders.
The company’s financial performance was marked by a 23% increase in pre-tax, pre-provision earnings per share, driven by a 10 basis point expansion in net interest margin. Net interest income for the quarter rose by 5.3% to $35.8 million, while non-interest income increased by 9.4%, supported by gains from bank-owned life insurance and loan sales. Despite a slight increase in non-performing assets, credit quality remained strong with negligible net charge-offs.
Kearny Financial’s balance sheet showed a modest increase in total assets to $7.74 billion, with a notable 10% growth in deposits from the previous year. The company also received regulatory approval to consolidate three branch locations, which is expected to have minimal financial impact.
Looking ahead, Kearny Financial’s management expressed confidence in sustaining earnings growth and margin expansion, aiming to create long-term value for shareholders through strategic initiatives and disciplined financial management.