Kearny Financial Q4 net income falls sequentially due to non-recurring charges

Kearny Financial

23/07/2026 13:47

    

    Overview
  
U.S. regional bank's Q4 net income and EPS declined from prior quarter
Adjusted EPS for Q4 fell, with results affected by non-recurring charges
Q4 net interest income rose 2.9% sequentially on higher loan yields and balances

    

    Outlook
  
Company did not provide specific financial guidance for the current quarter or full year in the press release

    

    Result Drivers
  
NON-RECURRING CHARGES - Qtr results were affected by a $1.6 mln discrete tax charge, $745,000 in severance, and $262,000 in OREO acquisition expense
HIGHER NET INTEREST INCOME - Net interest income rose 2.9% from prior qtr, driven by higher loan yields and balances and a reduction in interest-bearing deposits
INCREASED NON-INTEREST EXPENSE - Non-interest expense rose 4.8% from prior qtr, mainly due to higher salary and benefit costs, severance, and OREO-related expenses

    
Company press release: ID:nGNX83Yn6L

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q4 Adjusted EPS
Miss
$0.15
$0.17 (2 Analysts)
Q4 EPS
 
$0.11
 
Q4 Net Income
 
$7.17 mln
 
Q4 Net Interest Income
 
$40.37 mln
 
Q4 Dividend
 
$0.11
 

    

    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 $10.50, about 10.8% above its July 22 closing price of $9.48
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 9 three months ago

    

    Reuters Recommended Reads
  
July 22 - Parke Bancorp Q2 net interest income rises on higher loan yields
July 21 - Metropolitan Bank Q2 EPS falls on credit loss provision and one-time expenses
July 23 - Huntington Bancshares' quarterly profit rises on interest income boost

    
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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.)