Financial Services -
Banks - Regional - NASDAQ - US
$ 5.955
-0.676 %
$ 385 M
Market Cap
-5.2
P/E
1. INTRINSIC VALUE
Balance Sheet
Kearny Financial Corp.
| Current Assets | 63.9 M |
| Cash & Short-Term Investments | 63.9 M |
| Receivables | 0 |
| Other Current Assets | 0 |
| Non-Current Assets | 7.61 B |
| Long-Term Investments | 1.21 B |
| PP&E | 59.4 M |
| Other Non-Current Assets | 6.34 B |
| Current Liabilities | 0 |
| Accounts Payable | 0 |
| Short-Term Debt | 175 M |
| Other Current Liabilities | -175 M |
| Non-Current Liabilities | 6.93 B |
| Long-Term Debt | 1.43 B |
| Other Non-Current Liabilities | 5.5 B |
EFFICIENCY
Earnings Waterfall
Kearny Financial Corp.
| Revenue | 134 M |
| Cost Of Revenue | -6.23 M |
| Gross Profit | 141 M |
| Operating Expenses | 98.4 M |
| Operating Income | 0 |
| Other Expenses | 86.7 M |
| Net Income | -86.7 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Kearny Financial Corp.
| Net Income | -86.7 M |
| Depreciation & Amortization | 5.26 M |
| Capital Expenditures | -1.35 M |
| Stock-Based Compensation | 4 M |
| Change in Working Capital | -12.3 M |
| Others | 122 M |
| Free Cash Flow | 42.6 M |
Wall Street Analysts Price Targets
Kearny Financial Corp.
KRNY has no price targets from Wall Street.
4. DIVIDEND
ANALYSIS
1.55%
DIVIDEND YIELD
0.11 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Kearny Financial Corp.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
37.8 K USD 1
9-12 MONTHS
0 USD 0
Bought
36.2 K USD 1
0-3 MONTHS
0 USD 0
3-6 MONTHS
52.7 K USD 1
6-9 MONTHS
79.4 K USD 2
9-12 MONTHS
7. News
Kearny Financial Corp. Announces Second Quarter Fiscal 2025 Results and Declaration of Cash Dividend
FAIRFIELD, N.J., Jan. 30, 2025 (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, 2024 of $6.6 million, compared to $6.1 million for the quarter ended September 30, 2024.
globenewswire.com
- 3 months ago
KBW Announces Index Rebalancing for Fourth-Quarter 2024
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2024.
globenewswire.com
- 4 months ago
Dividend Dependability Vs. Low-Growth Realities At Kearny Financial
Kearny Financial Corp. has shown recent improvements in net income and offers a reliable dividend, but its long-term stock performance has been disappointing. The bank's cautious approach to real estate exposure and solid balance sheet stability contribute to its risk management and asset quality. Despite a 17.2% growth in adjusted operating earnings, KRNY's stock price decline suggests investor skepticism about the bank's long-term gains.
seekingalpha.com
- 5 months ago
Kearny Financial Corp. Announces First Quarter Fiscal 2025 Results and Declaration of Cash Dividend
FAIRFIELD, N.J., Oct. 24, 2024 (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, 2024 of $6.1 million, or $0.10 per diluted share, compared to a GAAP net loss of $90.1 million, or $1.45 per diluted share, for the quarter ended June 30, 2024. The net loss for the quarter ended June 30, 2024 included a goodwill impairment of $95.3 million, as previously disclosed. Excluding this item, net income for the quarter ended September 30, 2024 increased $496,000 from adjusted net income of $5.6 million for the quarter ended June 30, 2024.
globenewswire.com
- 6 months ago
Kearny Financial Corp. Announces Fourth Quarter and Fiscal Year End 2024 Results and Declaration of $0.11 Per Share Cash Dividend
FAIRFIELD, N.J., July 25, 2024 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported a GAAP net loss for the quarter ended June 30, 2024 of $90.1 million, or $1.45 per diluted share, attributable to a non-cash, after-tax, goodwill impairment of $95.3 million. Excluding the impact of the goodwill impairment and other non-recurring transactions, adjusted net income for the quarter ended June 30, 2024 was $5.6 million, or $0.09 per diluted share, as compared to net income of $7.4 million, or $0.12 per diluted share, for the quarter ended March 31, 2024.
globenewswire.com
- 9 months ago
Kearny Financial Corp. Names Chief Operating Officer and Chief Financial Officer
FAIRFIELD, N.J., June 20, 2024 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company for Kearny Bank (the “Bank”), announced today that the Board of Directors promoted Keith Suchodolski to Senior Executive Vice President and Chief Operating Officer, effective July 1, 2024. Mr. Suchodolski has held progressive leadership roles within the Company since 2013, most recently serving as Chief Financial Officer since July 2018. In his new role, Mr. Suchodolski's range of responsibilities will broaden to include strategic oversight of retail & business banking, human resources, marketing, corporate finance and corporate administration.
globenewswire.com
- 10 months ago
The Dividend Trap: 3 High-Yield Stocks That Are More Trouble Than They're Worth
Dividends, as well as share buy-back programs, can be lucrative for shareholders of a cash generating company. Apple (NASDAQ: AAPL ), for example, is a cash cow that's struggling in terms of equity performance (and innovation), but the tech giant offers a nice dividend and returns tons of cash back to shareholders in the former of share repurchases.
investorplace.com
- 11 months ago
Kearny Financial Corp. Announces Third Quarter Fiscal 2024 Results and Declaration of Cash Dividend
FAIRFIELD, N.J., April 25, 2024 (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, 2024 of $7.4 million, or $0.12 per diluted share, compared to a net loss of $13.8 million, or $0.22 per diluted share, for the quarter ended December 31, 2023. The net loss for the quarter ended December 31, 2023 was impacted by various non-recurring items, as previously disclosed.
globenewswire.com
- 1 year ago
Kearny Financial Corp. Revises Second Quarter Fiscal 2024 Results
FAIRFIELD, N.J., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), revised the Company's earnings release for the quarter ended December 31, 2023 (the “Revised Earnings Release”), which was issued on January 25, 2024 (the “Original Earnings Release”), to adjust the timing of income recognition associated with a $4.8 million non-recurring increase in cash surrender value (the “enhancement fee”) associated with restructuring of its Bank-Owned Life Insurance (“BOLI”) portfolio that was originally recognized as non-interest income during the quarter.
globenewswire.com
- 1 year ago
Kearny Financial Corp. Announces Second Quarter Fiscal 2024 Results and Declaration of Cash Dividend
FAIRFIELD, N.J., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported a net loss for the quarter ended December 31, 2023 of $9.0 million, or $0.14 per diluted share, compared to net income of $9.8 million, or $0.16 per diluted share, for the quarter ended September 30, 2023. Earnings for the current quarter were adversely impacted by a number of non-recurring items, as discussed in further detail below.
globenewswire.com
- 1 year ago
Kearny Financial Corp. Announces Investment Securities Repositioning
FAIRFIELD, N.J., Dec. 20, 2023 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), announced the repositioning of a portion of its investment securities portfolio.
globenewswire.com
- 1 year ago
Kearny Financial Corp. Announces First Quarter Fiscal 2024 Results and Declaration of Cash Dividend
FAIRFIELD, N.J., Oct. 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 September 30, 2023 of $9.8 million, or $0.16 per diluted share, compared to $12.0 million, or $0.19 per diluted share, for the quarter ended June 30, 2023.
globenewswire.com
- 1 year ago
8. Profile
Summary
Kearny Financial Corp. KRNY
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 385 M
Dividend Yield
1.55%
Description
Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States. The company offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts. It also provides various loans, such as multi-family and nonresidential real estate mortgage loans, commercial term loans and lines of credit, one- to four-family first mortgage loans, and home equity loans and lines of credit; loans to individuals for the construction or renovation of one- to four-family residences, or for the construction of commercial real estate or multi-family residential buildings; overdraft lines of credit; and personal loans. In addition, the company engages in investment activities. As of August 18, 2021, it operated a total of 48 branch offices located throughout northern and central New Jersey and Brooklyn and Staten Island, New York. The company was founded in 1884 and is headquartered in Fairfield, New Jersey.
Contact
120 Passaic Avenue, Fairfield, NJ, 07004
https://www.kearnybank.com
IPO
Date
Feb. 24, 2005
Employees
552
Officers
Mr. John V. Dunne
Executive Vice President & Chief Risk Officer
Mr. Anthony V. Bilotta Jr.
Executive Vice President & Chief Banking Officer
Mr. Craig L. Montanaro
President, Chief Executive Officer & Director
Mr. Patrick M. Joyce
Executive Vice President & Chief Lending Officer
Ms. Gail M. Corrigan
Senior Vice President & Corporate Secretary
Mr. Sean M. Byrnes
Executive Vice President & Chief Financial Officer
Mr. Thomas D. DeMedici
Executive Vice President & Chief Credit Officer
Mr. Timothy A. Swansson
Executive Vice President and Chief Technology & Innovation Officer
Mr. Keith Suchodolski
Senior EVice President & Chief Operating Officer
Ms. Erika K. Parisi
Executive Vice President & Chief Administrative Officer