Kearny Financial Corp. Announces First Quarter Fiscal 2027 Results and Declaration of Cash Dividend
Key Highlights
- ➤Net income rose 40.0% to $10.0 million, or $0.16 per diluted share
- ➤Pre-tax, pre-provision net revenue increased 14.0% to $13.5 million
- ➤Total loans grew 7.2% annualized while reducing multifamily mortgage exposure
- ➤Total deposits grew 8.7% annualized, supporting commercial initiatives and loan growth
- ➤Board declared $0.11 quarterly cash dividend, payable November 18, 2026
Expert Statements
Craig L. Montanaro, President and Chief Executive Officer of Kearny Financial Corp.
“We are pleased to report continued progress this quarter, reflecting ongoing execution of our strategic plan, solid loan and deposit growth, and disciplined expense management. While our net interest margin reflected the impact of lower prepayment-related income and the repricing of our final remaining COVID-era wholesale funding position, our underlying margin drivers remain intact. Ongoing loan repricing and balance sheet remixing are expected to support further margin expansion in the quarters ahead.”
Craig L. Montanaro, President and Chief Executive Officer of Kearny Financial Corp.
“Our strategic transformation continues to gain momentum as we deepen commercial client relationships, expand relationship-based deposit growth, and further reposition the balance sheet toward higher-yielding commercial and construction lending opportunities. During the quarter, we expanded our deposit-gathering capabilities with the launch of a dedicated Nonprofit and Independent Education Banking team. This initiative broadens access to attractive relationship-based funding sources and further diversifies our deposit franchise.”
FAIRFIELD, N.J., Oct. 22, 2026 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported net income for the quarter ended September 30, 2026 of $10.0 million, or $0.16 per diluted share, compared to $7.2 million, or $0.11 per diluted share, for the quarter ended June 30, 2026.
The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.11 per share, payable on November 18, 2026, to stockholders of record as of November 4, 2026.
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