Kearny Financial

Kearny Financial Corp. operates as a holding company, which engages in the ownership and operation of Kearny Bank. Its services include deposits from the general public in New Jersey. The firm uses deposits, together with other funds, to originate or purchase loans for its portfolio and invest in securities. It offers both personal and business services. The company was founded in 1884 and is headquartered in Fairfield, NJ.

Earnings data Q1 2023

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I have been a customer of Kearny Financial since 1999 and have been writing about investing in the company for three years. Seeking Alpha rates the stock as a sell, but I disagree and rate it as a weak buy. Wall Street ratings for the stock have been varied, ranging from strong sell to hold and long.

Kearny Financial Management Remains Undeterred By Current Market Environment

FAIRFIELD, N.J., July 27, 2023 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported net income for the quarter ended June 30, 2023 of $12.0 million, or $0.19 per diluted share, compared to $10.3 million, or $0.16 per diluted share, for the quarter ended March 31, 2023.

Kearny Financial Corp. Announces Fourth Quarter and Fiscal Year End 2023 Results and Declaration of Cash Dividend

FAIRFIELD, N.J., June 22, 2023 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), announced that the Board of Directors of the Company and the Board of Directors of the Bank (together, the “Boards”) each appointed two new directors, Curtland E. Fields and Melvina Wong-Zaza, effective today.

Kearny Financial Corp. Appoints New Board Members

FAIRFIELD, N.J., April 27, 2023 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported net income for the quarter ended March 31, 2023 of $10.3 million, or $0.16 per diluted share, compared to $2.0 million, or $0.03 per diluted share, for the quarter ended December 31, 2022. Net income for the quarters ended March 31, 2023 and December 31, 2022 was impacted by various non-recurring items, as described in further detail below.

Kearny Financial Corp. Announces Third Quarter Fiscal 2023 Results and Declaration of Cash Dividend

FAIRFIELD, N.J., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported net income for the quarter ended December 31, 2022 of $2.0 million, or $0.03 per diluted share, compared to $16.5 million, or $0.25 per diluted share, for the quarter ended September 30, 2022. The decrease in net income and earnings per share for the quarter was largely attributable to a previously announced after-tax loss of $10.8 million on the sale of securities.

Kearny Financial Corp. Announces Second Quarter Fiscal 2023 Results and Declaration of Cash Dividend

Seeking Alpha's Quant Ratings gives Kearny Financial poor grades. I'm sticking with my Buy rating.

I Like Kearny Financial - Seeking Alpha Quant Doesn't

FAIRFIELD, N.J., Dec. 08, 2022 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), announced today the completion of a wholesale restructuring related to its investment securities portfolio. In addition, the Company announced the adoption of a company-wide operating efficiency initiative.

Kearny Financial Corp. Announces Wholesale Restructuring and Adoption of Operating Efficiency Initiative

FAIRFIELD, N.J., Oct. 27, 2022 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported net income for the quarter ended September 30, 2022 of $16.5 million, or $0.25 per diluted share, compared to $11.4 million, or $0.17 per diluted share, for the quarter ended June 30, 2022.

Kearny Financial Corp. Announces First Quarter Fiscal 2023 Results and Declaration of Cash Dividend

Kearny recently completed a 10% share buyback. Announces new buyback for up to 4 million shares.

Kearny Financial Aggressively Buying Back Shares

FAIRFIELD, N.J., July 28, 2022 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported net income for the quarter ended June 30, 2022 of $11.4 million, or $0.17 per diluted share, compared to $17.7 million, or $0.25 per diluted share, for the quarter ended March 31, 2022. The decrease in net income and earnings per share for the quarter was largely attributable to a pre-tax increase of $8.1 million in provision for credit losses, as well as the recognition of a number of non-recurring expenses, as described in further detail below.

Kearny Financial Corp. Announces Fourth Quarter and Fiscal Year End 2022 Results and Declaration of Cash Dividend

Kearny continues to reduce share count. Dividend coverage improved.

Kearny Financial Continuing To Do What It Does Best

FAIRFIELD, N.J., June 16, 2022 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), announced today that the Company's Board of Directors has promoted Keith Suchodolski to Senior Executive Vice President and Chief Financial Officer of the Company and the Bank effective July 1, 2022. Mr. Suchodolski has served as the Company and Bank's Executive Vice President and Chief Financial Officer since July 1, 2018. In addition to his current duties, Mr. Suchodolski will assume the responsibilities of Eric Heyer, Senior Executive Vice President and Chief Operating Officer who previously announced his retirement effective June 30, 2022.

Kearny Financial Corp. Promotes Keith Suchodolski to Senior Executive Vice President

FAIRFIELD, N.J., April 28, 2022 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported net income for the quarter ended March 31, 2022 of $17.7 million, or $0.25 per diluted share, compared to $18.8 million, or $0.26 per diluted share, for the quarter ended December 31, 2021.

Kearny Financial Corp. Announces Third Quarter Fiscal 2022 Results and Declaration of Cash Dividend

Kearny Financial's Share Buybacks Improve Dividend Coverage

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FAIRFIELD, N.J., Jan. 27, 2022 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported net income for the quarter ended December 31, 2021 of $18.8 million, or $0.26 per diluted share, compared to $19.7 million, or $0.26 per diluted share, for the quarter ended September 30, 2021.

Kearny Financial Corp. Announces Second Quarter Fiscal 2022 Results and Declaration of Cash Dividend

Kearny Financial boosts dividend payout by 10%.

Check Out Kearny Financial With Its Rising Dividends And Aggressive Share Repurchase

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Dividend Increases: October 23-29, 2021

FAIRFIELD, N.J., Oct. 27, 2021 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported net income for the quarter ended September 30, 2021 of $19.7 million, or $0.26 per diluted share, compared to $18.5 million, or $0.24 per diluted share, for the quarter ended June 30, 2021.

Kearny Financial Corp. Reports Fiscal 2022 First Quarter Results and 10% Increase in Cash Dividend

Kearny Financial (NASDAQ:KRNY) is set to give its latest quarterly earnings report on Wednesday, 2021-10-27. Here's what investors need to know before the announcement.

Earnings Preview: Kearny Financial

Stocks for investors who are more focused on long-term capital appreciation than current income, but still appreciate the power of dividends, especially growing dividends.

Analyzing Kearny Financial Corp's Dividend Growth Potential

Kearny Financial recently announced a new share buyback. It's the fifth one since the bank converted to a stock holding company form of ownership six years ago.

Kearny Financial's Latest Buyback Could Boost Share Price

FAIRFIELD, N.J., Sept. 22, 2021 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company for Kearny Bank, announced today that the Board of Directors has authorized a new stock repurchase plan to acquire up to 7,602,021 shares, or approximately 10% of the Company's outstanding common stock.

Kearny Financial Corp. Announces Authorization of New 10% Stock Repurchase Plan

FAIRFIELD, N.J., Sept. 20, 2021 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company for Kearny Bank, announced today the completion of its previously disclosed stock repurchase plan which authorized the repurchase of 4,064,649 shares. Such shares were repurchased at a cost of $50.5 million, or $12.43 per share.

Kearny Financial Corp. Announces Completion of 5% Stock Repurchase Plan

FAIRFIELD, N.J., Aug. 18, 2021 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), announced today that the Company's Board of Directors has declared a quarterly cash dividend of $0.10 per share to stockholders of record as of September 1, 2021, payable on September 15, 2021.

News for Kearny Financial Stock (KRNY)