Kearny Financial stock: Q1 profit rises 40% as expenses fall

Published on 10/30/2026 at 02:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kearny Financial stock reported stronger fiscal first-quarter earnings and continued balance-sheet growth. The bank also declared a quarterly cash dividend.

Kearny Financials Quartalsbilanz und Ausblick

Die Bank meldete höhere Kredite und Einlagen sowie sinkende zinsunabhängige Aufwendungen.
Der Verwaltungsrat beschloss eine Quartalsdividende mit Auszahlung im November.

KRNY, US48716P1084, Illustration mit AI erstellt.

Kearny Financial Corp. reported stronger earnings for its fiscal first quarter on October 22, 2026. Net income for the quarter ended September 30 reached 10.0 million US dollars, compared with 7.2 million US dollars in the quarter ended June 30. The results and dividend declaration were reported by Yahoo Finance, which carried the companys GlobeNewswire release.

Core earnings improve

Diluted earnings per share rose to 0.16 US dollars from 0.11 US dollars in the preceding quarter. Pre-tax, pre-provision net revenue, a non-GAAP measure, increased 14.0 percent to 13.5 million US dollars. The company attributed the underlying improvement to continued execution of its strategic plan, loan and deposit growth, and disciplined expense management.

Net interest income edged down to 40.1 million US dollars from 40.4 million US dollars. Kearny said the comparison was affected by lower loan prepayment penalty income, lower purchase-accounting accretion and the repricing of its remaining COVID-era wholesale funding position. Net interest margin was 2.23 percent, three basis points below the prior quarter.

Loans and deposits expand

Total loans rose 7.2 percent on an annualized basis during the quarter, while total deposits increased 8.7 percent on an annualized basis. At September 30, total assets stood at 7.78 billion US dollars, loans receivable at 5.98 billion US dollars and deposits at 5.83 billion US dollars.

Non-interest expense declined 6.1 percent to 31.8 million US dollars. The company noted that the comparison benefited from the absence of a 745,000 US dollar non-recurring severance charge recorded in the prior period. Kearny also launched a dedicated Nonprofit and Independent Education Banking team as part of its commercial banking expansion.

Dividend and investor context

The board declared a quarterly cash dividend of 0.11 US dollars per share, payable November 18 to shareholders of record on November 4. The company said loan repricing and balance-sheet remixing could support further margin expansion, but that outlook remains subject to market and borrower conditions.