Brief: Kearny Financial Corp Announced Repositioning Of A Portion Of Its Investment Securities Portfolio

Kearny Financial

20/12/2023 13:41

Dec 20 (Reuters) - Kearny Financial Corp  KRNY.O :
    * KEARNY FINANCIAL CORP: ANNOUNCED REPOSITIONING OF A
PORTION OF
ITS INVESTMENT SECURITIES PORTFOLIO
    * KEARNY FINANCIAL CORP: COMPANY EXECUTED SALE OF $122.2
MILLION
OF ITS AVAILABLE-FOR-SALE DEBT SECURITIES
    * KEARNY FINANCIAL CORP: PROCEEDS FROM SALE WERE UTILIZED TO
RETIRE HIGHER-COST WHOLESALE FUNDING & TO REINVEST INTO LOANS
YIELDING CURRENT MARKET RATES
    * KEARNY FINANCIAL CORP: TRANSACTION IS EXPECTED TO BE
IMMEDIATELY
ACCRETIVE TO NET INTEREST INCOME

Source text for Eikon:  ID:nGNX6WfMjL 
Further company coverage:  KRNY.O 

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