Kearny Financial stock: first-quarter profit climbs 40%

Published on 11/12/2026 at 03:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kearny Financial stock is in focus after the bank reported stronger fiscal first-quarter earnings. A cash dividend is due later this month.

Quarterly earnings and dividend outlook

Kearny Financial reported stronger fiscal first-quarter earnings after lower non-interest expenses.
The bank continued shifting its loan portfolio toward commercial and construction lending while reducing multifamily exposure.
The next scheduled cash dividend is payable to shareholders on November 18, 2026.

KRNY, US48716P1084, Illustration mit AI erstellt.

Kearny Financial Corp. reported stronger results for the quarter ended September 30, 2026, as lower non-interest expenses more than offset pressure on net interest income. The company also declared a quarterly cash dividend payable on November 18, 2026. The company release was published on October 22.

Net income rose 40.0 percent to 10.0 million US dollars, or 0.16 US dollars per diluted share, from 7.2 million US dollars, or 0.11 US dollars, in the linked quarter. Pre-tax, pre-provision net revenue, a non-GAAP measure, increased 14.0 percent to 13.5 million US dollars. The improvement reflected lower non-interest expenses, including the absence of a prior-period severance charge.

Loan growth supports strategic repositioning

Kearny said total loans grew 7.2 percent on an annualized basis during the quarter, while multifamily mortgage exposure declined. Deposits increased 8.7 percent on an annualized basis, supporting loan growth and the bank's balance-sheet repositioning. Net interest margin was 2.23 percent, pressured by lower prepayment-related income, lower purchase accounting accretion and the repricing of wholesale funding.

The bank launched a Nonprofit and Independent Education Banking team during the quarter. Management said the initiative is intended to deepen commercial relationships and broaden relationship-based deposit funding. A quarterly cash dividend of 0.11 US dollars per share was declared for shareholders of record on November 4.

Regional bank with commercial focus

Kearny Financial is the holding company for Kearny Bank, a community-focused bank headquartered in Fairfield, New Jersey. It offers deposit accounts, residential and commercial real estate lending, commercial and industrial loans, construction finance, consumer lending, treasury management and related financial services to consumers, businesses, professionals, nonprofit organizations and government entities. The bank operates in northern and central New Jersey and the New York metropolitan area.

Relative to larger New Jersey peers such as Valley National Bank, Provident Bank and OceanFirst Bank, Kearny occupies a smaller regional position with a stronger community-banking and multifamily-lending heritage, while its current strategy emphasizes commercial deposits and loan diversification. A local comparison of commercial real estate lenders is available from BestCRE.