Quarterly ResultMay 7, 2026, 11:33 AM
Kearny Financial Q3 Net Income +52.5% to $10.1M; EPS $0.16
AI Summary
Kearny Financial Corp. reported a strong increase in net income and diluted EPS for the third quarter ended March 31, 2026, with net income rising 52.5% to $10.1 million and diluted EPS reaching $0.16. Net interest income also saw a significant 15.3% increase. However, total assets and net loans receivable experienced slight decreases, while total nonperforming loans increased by 14.9%. The company also declared a quarterly cash dividend of $0.11 per share.
Key Highlights
- Net income for Q3 2026 increased 52.5% to $10.1 million from $6.6 million in Q3 2025.
- Diluted EPS for Q3 2026 rose to $0.16, up from $0.11 in Q3 2025.
- Net interest income for Q3 2026 grew 15.3% to $39.2 million from $34.0 million in Q3 2025.
- Total assets decreased 1.7% to $7.61 billion at March 31, 2026, from $7.74 billion at June 30, 2025.
- Total deposits increased 1.0% to $5.73 billion at March 31, 2026, from $5.68 billion at June 30, 2025.
- Net loans receivable decreased 0.6% to $5.73 billion at March 31, 2026, from $5.77 billion at June 30, 2025.
- Total nonperforming loans increased 14.9% to $52.4 million at March 31, 2026, from $45.6 million at June 30, 2025.
- A quarterly cash dividend of $0.11 per share was declared on April 22, 2026.
Price Impact
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