Kearny Financial reports stable Q2 profit, declares dividend

Kearny Financial

22/01/2026 13:38

Overview

Bank holding company reported Q2 net income of $9.4 mln, stable from prior quarter

Net interest margin expanded by four basis points to 2.14% in Q2

Company declared quarterly cash dividend of $0.11 per share

Outlook

Company expects federal funds rate reductions to boost earnings due to liability-sensitive balance sheet

Kearny Financial identifies automation opportunities to enhance operational efficiency and support growth

Company adds residential lending team to diversify revenue streams and deepen lending franchise

Result Drivers

NET INTEREST MARGIN - Expansion attributed to strategic remix of balance sheet and loan portfolio repricing

STRATEGIC INITIATIVES - Partnership with The Lab Consulting identified automation and process improvement opportunities

RESIDENTIAL LENDING TEAM - Addition of team to grow residential loans pipeline and support fee income

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.15
Q2 Net Income
$9.45 mln
Q2 Net Interest Income
$37.97 mln
Q2 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 $8.00, about 3.1% below its January 21 closing price of $8.26

Press Release: ID:nGNXch4kLw

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