Kearny Financial Q4 net income rises to $6.8 mln

Kearny Financial

24/07/2025 13:43

Overview

Kearny Financial Q4 net income rises to $6.8 mln from $6.6 mln in Q3

Fiscal year net income at $26.1 mln, recovering from prior year's net loss

Pre-tax, pre-provision EPS grows 23%, driven by net interest margin expansion

Outlook

Kearny Financial expects sustained earnings growth and margin expansion

Company confident in delivering long-term value for shareholders

Result Drivers

NET INTEREST MARGIN - Expansion of 10 basis points to 2.00% driven by higher yields and average balances on loans receivable

CREDIT QUALITY - Exceptional credit quality with negligible net charge-offs, reflecting strong underwriting

EXPENSE MANAGEMENT - Disciplined expense management reflected in non-interest expense to average assets ratio of 1.58%

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Net Income
$6.77 mln
Q4 Net Interest Income
$35.84 mln
Q4 Credit Loss Provision
$1.78 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 $7.25, about 9.8% above its July 23 closing price of $6.54

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nGNXtqlPm

(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.)