Earnings ·
Kearny Financial reports $10M Q1 net income and declares $0.11 quarterly dividend
KRNYKearny Financial Corp.
Kearny Financial Corp. reported first-quarter fiscal 2027 net income of $10.0 million, or $0.16 per diluted share, a 40% increase from the prior quarter's $7.2 million. 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. Total assets grew 1.2% to $7.78 billion, while loans increased 1.8% and deposits rose 2.2%. The net interest margin was 2.23%, down three basis points from the previous quarter due to lower prepayment-related income and funding repricing. Kearny Financial Corp. is a bank holding company operating Kearny Bank in New Jersey and the New York metropolitan area.