Kearny Financial Q3 net income rises 7%, margin expands

Kearny Financial

23/04/2026 13:38

Overview

U.S. bank holding company's Q3 net income and EPS rose quarter-over-quarter

Net interest income grew 3% as net interest margin expanded for sixth consecutive qtr

Company announced strategic investments in deposit franchise and operational efficiency initiatives

Outlook

Kearny Financial says favorable loan portfolio remixing positions it for continued earnings momentum

Company expects strategic deposit initiatives to accelerate growth in commercial deposits

Company sees operational efficiency initiatives supporting scalable growth and sustainable earnings improvement

Result Drivers

NET INTEREST MARGIN - Margin expanded for sixth straight qtr, driven by lower costs and balances on interest-bearing liabilities, partially offset by lower yields on interest-earning assets

NON-RECURRING GAIN - Non-interest income rose due to a $1 mln gain on sale of properties, while core fee income declined

HIGHER OPERATING COSTS - Non-interest expense rose 3.6% due to increased salary and benefits, occupancy, and advertising costs

Company press release: ID:nGNX921Z7F

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.16
Q3 Net Income
$10.14 mln
Q3 Net Interest Income
$39.24 mln
Q3 Credit Loss Provision
$391,000
Q3 Dividend
$0.11


Analyst Coverage

The one available analyst rating on the shares is "hold"

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

Wall Street's median 12-month price target for Kearny Financial Corp is $8.50, about 8% above its April 22 closing price of $7.87

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)