Kearny Financial Q1 net income jumps 40% as margins expand

Kearny Financial

23/10/2025 13:40

Overview

Kearny Financial Q1 net income rises to $9.5 mln, up from $6.8 mln in prior qtr

Net interest income increased 5.2% to $37.7 mln, driven by margin expansion

Outlook

Kearny Financial anticipates benefits from expected reductions in the federal funds rate

Company focuses on enhancing efficiency through automation and branch consolidations

Result Drivers

MARGIN EXPANSION - Net interest margin expanded by 10 basis points, contributing to a 36% increase in EPS

AUTOMATION PARTNERSHIP - Partnership with The Lab Consulting aims to enhance operational efficiency through automation

BRANCH CONSOLIDATION - Company consolidating branches to reallocate capital towards higher-return opportunities

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.15
Q1 Net Income
$9.50 mln
Q1 Net Interest Income
$37.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Kearny Financial Corp is $7.25, about 7.4% above its October 21 closing price of $6.71

Press Release: ID:nGNX3gtyvm

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)