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Kearny Financial (KRNY) Financials

Kearny Financial logo
$7.98 -0.23 (-2.80%)
Closing price 04:00 PM Eastern
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$7.98 +0.00 (+0.06%)
As of 07:59 PM Eastern
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Annual Income Statements for Kearny Financial

Annual Income Statements for Kearny Financial

This table shows Kearny Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024
Period end date 6/30/2021 6/30/2022 6/30/2023 6/30/2024
Net Income / (Loss) Attributable to Common Shareholders		 63 68 41 -87
Consolidated Net Income / (Loss)		 63 68 41 -87
Net Income / (Loss) Continuing Operations		 63 68 41 -87
Total Pre-Tax Income 		84 92 52 -81
Total Revenue		 209 211 179 141
Net Interest Income / (Expense)		 188 197 176 143
Total Interest Income		 238 226 294 329
Loans and Leases Interest Income		 202 191 233 256
Investment Securities Interest Income		 33 34 56 64
Other Interest Income		 2.96 1.73 5.03 9.21
Total Interest Expense		 50 30 118 186
Deposits Interest Expense		 32 15 78 122
Long-Term Debt Interest Expense		 18 14 40 64
Total Non-Interest Income		 21 14 2.75 -1.99
Other Service Charges		 5.37 5.78 11 8.32
Net Realized & Unrealized Capital Gains on Investments		 9.39 1.99 -17 -19
Other Non-Interest Income		 6.27 6.17 8.65 9.08
Provision for Credit Losses		 -1.12 -7.52 2.49 6.23
Total Non-Interest Expense		 126 126 124 215
Salaries and Employee Benefits		 69 76 76 69
Net Occupancy & Equipment Expense		 28 30 27 26
Marketing Expense		 2.16 2.06 2.12 1.40
Property & Liability Insurance Claims		 1.94 2.46 5.13 5.98
Other Operating Expenses		 20 15 14 15
Impairment Charge		 - 0.00 0.00 97
Income Tax Expense		 21 25 12 5.89
Basic Earnings per Share		 $0.77 $0.95 $0.63 ($1.39)
Weighted Average Basic Shares Outstanding		 82.39M 70.91M 64.80M 62.44M
Diluted Earnings per Share		 $0.77 $0.95 $0.63 ($1.39)
Weighted Average Diluted Shares Outstanding		 82.39M 70.93M 64.80M 62.44M
Weighted Average Basic & Diluted Shares Outstanding		 77.00M 68.23M 65.21M 64.58M
Cash Dividends to Common per Share		 $0.35 $0.43 $0.44 $0.44

Quarterly Income Statements for Kearny Financial

This table shows Kearny Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025
Period end date 3/31/2022 6/30/2022 9/30/2022 12/31/2022 3/31/2023 9/30/2023 12/31/2023 3/31/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 18 11 17 1.95 10 9.84 -14 7.40 6.09 6.57
Consolidated Net Income / (Loss)		 18 11 17 1.95 10 9.84 -14 7.40 6.09 6.57
Net Income / (Loss) Continuing Operations		 18 11 17 1.95 10 9.84 -14 7.40 6.09 6.57
Total Pre-Tax Income 		24 16 22 1.98 13 13 -12 9.11 7.18 7.82
Total Revenue		 51 53 54 36 44 43 20 39 37 37
Net Interest Income / (Expense)		 48 51 49 45 42 39 36 34 32 33
Total Interest Income		 55 59 64 72 77 81 83 82 83 81
Loans and Leases Interest Income		 46 49 53 58 60 63 63 64 66 65
Investment Securities Interest Income		 8.34 9.21 11 13 16 16 17 16 14 14
Other Interest Income		 0.42 0.47 0.76 1.01 1.44 2.05 2.40 2.48 2.47 2.22
Total Interest Expense		 6.87 7.95 16 28 35 42 47 48 51 49
Deposits Interest Expense		 3.57 3.92 11 19 22 28 30 32 35 37
Long-Term Debt Interest Expense		 3.31 4.04 5.02 8.84 13 14 16 15 16 12
Total Non-Interest Income		 3.19 2.81 5.92 -8.48 1.65 4.01 -16 4.20 4.63 4.87
Other Service Charges		 0.86 0.89 1.82 4.85 2.44 2.13 1.83 1.88 1.86 1.95
Net Realized & Unrealized Capital Gains on Investments		 0.39 -0.39 0.40 -15 -2.37 0.22 -19 -0.71 0.20 0.30
Other Non-Interest Income		 1.51 1.53 3.70 1.76 1.58 1.67 1.16 3.04 2.57 2.62
Provision for Credit Losses		 -3.92 4.22 0.67 1.67 0.45 0.25 2.11 0.35 0.11 0.11
Total Non-Interest Expense		 31 34 32 33 30 30 30 29 30 30
Salaries and Employee Benefits		 19 20 20 20 18 18 17 17 17 18
Net Occupancy & Equipment Expense		 7.05 7.70 6.75 6.85 6.63 6.56 6.49 6.69 6.66 6.72
Marketing Expense		 0.52 0.70 0.75 0.73 0.41 0.23 0.30 0.39 0.34 0.31
Property & Liability Insurance Claims		 0.48 0.76 0.91 1.23 1.55 1.52 1.50 1.43 1.56 1.50
Other Operating Expenses		 3.40 4.08 3.24 3.92 3.75 3.70 4.20 3.65 3.73 3.45
Income Tax Expense		 6.52 4.21 5.26 0.03 2.90 3.31 1.78 1.72 1.09 1.25
Basic Earnings per Share		 $0.25 $0.18 $0.25 $0.03 $0.16 $0.16 ($0.22) $0.12 $0.10 $0.11
Weighted Average Basic Shares Outstanding		 69.79M 70.91M 65.74M 65.03M 64.77M 63.01M 62.30M 62.21M 62.39M 62.50M
Diluted Earnings per Share		 $0.25 $0.18 $0.25 $0.03 $0.16 $0.16 ($0.22) $0.12 $0.10 $0.10
Weighted Average Diluted Shares Outstanding		 69.82M 70.93M 65.76M 65.04M 64.78M 63.06M 62.30M 62.21M 62.42M 62.63M
Weighted Average Basic & Diluted Shares Outstanding		 70.42M 68.23M 67.57M 67.38M 66.08M 64.54M 64.44M 64.44M 64.58M 64.58M
Cash Dividends to Common per Share		 $0.11 $0.11 $0.11 $0.11 $0.11 $0.11 $0.11 $0.11 $0.11 $0.11

Annual Cash Flow Statements for Kearny Financial

This table details how cash moves in and out of Kearny Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024
Period end date 6/30/2021 6/30/2022 6/30/2023 6/30/2024
Net Change in Cash & Equivalents		 -113 34 -31 -6.65
Net Cash From Operating Activities		 75 81 70 44
Net Cash From Continuing Operating Activities		 75 81 70 44
Net Income / (Loss) Continuing Operations		 63 68 41 -87
Consolidated Net Income / (Loss)		 63 68 41 -87
Provision For Loan Losses		 -1.12 -7.52 2.49 6.23
Depreciation Expense		 5.86 5.97 5.73 4.73
Amortization Expense		 -12 -3.98 -4.52 -1.92
Non-Cash Adjustments to Reconcile Net Income		 7.44 20 35 125
Changes in Operating Assets and Liabilities, net		 12 -0.64 -9.59 -3.48
Net Cash From Investing Activities		 -84 -480 -418 258
Net Cash From Continuing Investing Activities		 -84 -480 -418 258
Purchase of Property, Leasehold Improvements and Equipment		 -5.46 -2.92 -1.36 -1.35
Purchase of Investment Securities		 -780 -937 -307 -64
Sale and/or Maturity of Investments		 697 460 -110 323
Other Investing Activities, net		 - 0.00 0.00 0.30
Net Cash From Financing Activities		 -105 432 317 -309
Net Cash From Continuing Financing Activities		 -105 432 317 -309
Net Change in Deposits		 597 378 -233 -471
Issuance of Debt		 2,296 4,315 6,255 6,400
Repayment of Debt		 -2,848 -4,100 -5,650 -6,198
Repurchase of Common Equity		 -119 -130 -28 -11
Payment of Dividends		 -29 -31 -28 -28
Other Financing Activities, Net		 -2.04 0.02 1.13 -1.41
Cash Interest Paid		 50 29 109 185
Cash Income Taxes Paid		 20 16 9.88 6.63

Quarterly Cash Flow Statements for Kearny Financial

This table details how cash moves in and out of Kearny Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q1 2025
Period end date 3/31/2022 6/30/2022 9/30/2022 12/31/2022 3/31/2023 9/30/2023 9/30/2024
Net Change in Cash & Equivalents		 1.93 39 -5.54 -20 119 -13 92
Net Cash From Operating Activities		 31 24 21 15 22 12 2.54
Net Cash From Continuing Operating Activities		 31 24 21 15 22 12 2.54
Net Income / (Loss) Continuing Operations		 18 11 17 1.95 10 9.84 6.09
Consolidated Net Income / (Loss)		 18 11 17 1.95 10 9.84 6.09
Provision For Loan Losses		 -3.92 4.22 0.67 1.67 0.45 0.25 0.11
Depreciation Expense		 1.47 1.50 1.47 1.46 1.42 1.23 1.11
Amortization Expense		 -1.09 -1.15 -1.40 -1.67 -0.81 -0.48 -0.26
Non-Cash Adjustments to Reconcile Net Income		 11 2.21 19 12 6.86 7.58 -3.73
Changes in Operating Assets and Liabilities, net		 5.46 6.00 -16 -0.23 3.61 -6.14 -0.78
Net Cash From Investing Activities		 -234 -327 -206 -419 50 65 14
Net Cash From Continuing Investing Activities		 -234 -328 -206 -419 50 65 14
Purchase of Investment Securities		 -176 -64 -30 -243 -580 32 -95
Sale and/or Maturity of Investments		 -57 -262 -175 -176 630 33 109
Net Cash From Financing Activities		 205 342 180 383 48 -90 75
Net Cash From Continuing Financing Activities		 205 342 180 383 48 -90 75
Net Change in Deposits		 75 334 246 -137 -168 -195 312
Issuance of Debt		 265 3,040 1,565 2,100 1,855 1,425 1,195
Repayment of Debt		 -100 -2,990 -1,615 -1,568 -1,627 -1,305 -1,425
Repurchase of Common Equity		 -27 -34 -8.69 -5.75 -6.69 -6.47 0.00
Payment of Dividends		 -7.71 -7.40 -7.24 -7.11 -7.17 -7.01 -7.01
Other Financing Activities, Net		 0.08 -0.28 -0.53 0.75 1.30 -1.83 0.07
Cash Interest Paid		 6.88 7.15 13 24 32 40 49
Cash Income Taxes Paid		 -0.13 6.06 6.02 2.30 0.30 4.07 1.27

Annual Balance Sheets for Kearny Financial

This table presents Kearny Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024
Period end date 6/30/2021 6/30/2022 6/30/2023 6/30/2024
Total Assets		 7,284 7,720 8,065 7,683
Cash and Due from Banks		 21 26 22 17
Interest Bearing Deposits at Other Banks		 46 76 49 47
Trading Account Securities		 55 29 9.59 1,215
Loans and Leases, Net of Allowance		 4,793 5,371 5,781 5,688
Loans and Leases		 4,851 5,418 5,829 5,733
Allowance for Loan and Lease Losses		 58 47 49 45
Premises and Equipment, Net		 56 53 48 45
Goodwill		 211 211 211 114
Intangible Assets		 3.71 3.02 2.46 1.93
Other Assets		 2,097 1,951 1,942 557
Total Liabilities & Shareholders' Equity		 7,284 7,720 8,065 7,683
Total Liabilities		 6,241 6,826 7,196 6,930
Non-Interest Bearing Deposits		 594 654 610 598
Interest Bearing Deposits		 4,907 5,225 5,038 4,577
Long-Term Debt		 686 901 1,507 1,710
Other Long-Term Liabilities		 54 46 41 45
Total Equity & Noncontrolling Interests		 1,043 894 869 754
Total Preferred & Common Equity		 1,043 894 869 754
Preferred Stock		 0.00 0.00 0.00 0.00
Total Common Equity		 1,043 894 869 754
Common Stock		 655 529 504 494
Retained Earnings		 408 445 458 343
Accumulated Other Comprehensive Income / (Loss)		 6.14 -56 -69 -63
Other Equity Adjustments		 -27 -25 -23 -21

Quarterly Balance Sheets for Kearny Financial

This table presents Kearny Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025
Period end date 3/31/2022 9/30/2022 12/31/2022 3/31/2023 9/30/2023 12/31/2023 3/31/2024 9/30/2024 12/31/2024
Total Assets		 7,390 7,890 8,289 8,349 7,975 7,898 7,842 7,772 7,731
Cash and Due from Banks		 23 23 21 19 21 16 16 18 18
Interest Bearing Deposits at Other Banks		 40 73 55 176 36 58 55 137 124
Trading Account Securities		 125 1,392 1,453 1,422 1,363 1,300 1,242 1,212 1,151
Loans and Leases, Net of Allowance		 4,959 5,609 5,935 5,917 5,689 5,701 5,713 5,739 5,747
Loans and Leases		 5,003 5,656 5,984 5,966 5,736 5,746 5,758 5,784 5,792
Allowance for Loan and Lease Losses		 44 48 49 49 47 45 45 45 44
Premises and Equipment, Net		 54 53 51 50 47 46 45 45 45
Goodwill		 211 211 211 211 211 211 211 114 114
Intangible Assets		 3.17 2.88 2.73 - 2.32 2.19 2.06 1.81 1.68
Other Assets		 1,976 526 561 552 605 564 557 505 531
Total Liabilities & Shareholders' Equity		 7,390 7,890 8,289 8,349 7,975 7,898 7,842 7,772 7,731
Total Liabilities		 6,435 7,015 7,417 5,871 7,125 7,050 6,993 7,021 6,987
Non-Interest Bearing Deposits		 622 683 651 618 595 584 586 592 602
Interest Bearing Deposits		 4,924 5,441 5,338 5,204 4,856 4,752 4,640 4,896 5,088
Long-Term Debt		 851 851 1,384 - 1,627 1,667 1,722 1,480 1,259
Other Long-Term Liabilities		 38 38 44 49 47 46 44 53 39
Total Equity & Noncontrolling Interests		 955 875 873 890 850 848 849 752 745
Total Preferred & Common Equity		 955 875 873 866 850 848 849 752 745
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 955 875 873 890 850 848 849 752 745
Common Stock		 562 521 516 510 498 494 494 494 495
Retained Earnings		 442 455 449 453 460 440 440 343 342
Accumulated Other Comprehensive Income / (Loss)		 -23 -76 -69 -73 -86 -64 -64 -65 -72
Other Equity Adjustments		 -25 -24 -24 - -22 -22 -21 -20 -20

Annual Metrics And Ratios for Kearny Financial

This table displays calculated financial ratios and metrics derived from Kearny Financial's official financial filings.

Metric 2021 2022 2023 2024
Period end date 6/30/2021 6/30/2022 6/30/2023 6/30/2024
Growth Metrics		 - - - -
Revenue Growth		 23.77% 0.61% -15.16% -21.28%
EBITDA Growth		 46.33% 20.26% -43.19% -245.49%
EBIT Growth		 47.59% 9.29% -43.28% -254.21%
NOPAT Growth		 40.63% 6.82% -39.58% -238.55%
Net Income Growth		 40.63% 6.82% -39.58% -312.36%
EPS Growth		 40.00% 23.38% -33.68% -320.63%
Operating Cash Flow Growth		 290.28% 7.80% -14.45% -36.78%
Free Cash Flow Firm Growth		 149.93% -99.83% -52,522.14% 73.37%
Invested Capital Growth		 -23.41% 3.85% 32.35% 3.67%
Revenue Q/Q Growth		 2.68% 0.40% -5.08% 0.00%
EBITDA Q/Q Growth		 9.47% -8.10% 0.37% 0.00%
EBIT Q/Q Growth		 6.94% -9.72% -0.35% 0.00%
NOPAT Q/Q Growth		 8.20% -9.53% 1.60% 0.00%
Net Income Q/Q Growth		 8.20% -9.53% 1.60% 0.00%
EPS Q/Q Growth		 8.45% -5.94% 1.61% 0.00%
Operating Cash Flow Q/Q Growth		 59.00% 8.62% -15.23% 0.00%
Free Cash Flow Firm Q/Q Growth		 1.58% -99.48% 14.48% 0.00%
Invested Capital Q/Q Growth		 -10.40% -0.61% -4.11% 0.00%
Profitability Metrics		 - - - -
EBITDA Margin		 37.49% 44.81% 30.00% -55.45%
EBIT Margin		 40.38% 43.86% 29.32% -57.45%
Profit (Net Income) Margin		 30.22% 32.08% 22.85% -61.64%
Tax Burden Percent		 74.84% 73.14% 77.91% 107.29%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 25.16% 26.86% 22.09% 0.00%
Return on Invested Capital (ROIC)		 3.17% 3.83% 1.96% -2.34%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.17% 3.83% 1.96% -4.21%
Return on Net Nonoperating Assets (RNNOA)		 2.77% 3.14% 2.67% -8.34%
Return on Equity (ROE)		 5.95% 6.97% 4.63% -10.68%
Cash Return on Invested Capital (CROIC)		 29.69% 0.06% -25.89% -5.94%
Operating Return on Assets (OROA)		 1.20% 1.23% 0.66% -1.03%
Return on Assets (ROA)		 0.90% 0.90% 0.52% -1.10%
Return on Common Equity (ROCE)		 5.95% 6.97% 4.63% -10.68%
Return on Equity Simple (ROE_SIMPLE)		 6.06% 7.56% 4.69% -11.50%
Net Operating Profit after Tax (NOPAT)		 63 68 41 -57
NOPAT Margin		 30.22% 32.08% 22.85% -40.22%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 1.87%
SG&A Expenses to Revenue		 47.07% 51.45% 58.41% 68.90%
Operating Expenses to Revenue		 60.16% 59.71% 69.28% 153.02%
Earnings before Interest and Taxes (EBIT)		 84 92 52 -81
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 78 94 54 -78
Valuation Ratios		 - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - -
Debt to Equity		 0.66 1.01 1.73 2.27
Long-Term Debt to Equity		 0.66 1.01 1.73 2.27
Financial Leverage		 0.87 0.82 1.37 1.98
Leverage Ratio		 6.60 7.75 8.95 9.70
Compound Leverage Factor		 6.60 7.75 8.95 9.70
Debt to Total Capital		 39.67% 50.20% 63.42% 69.41%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 39.67% 50.20% 63.42% 69.41%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 60.33% 49.80% 36.58% 30.59%
Debt to EBITDA		 8.74 9.55 28.12 -21.93
Net Debt to EBITDA		 7.88 8.48 26.80 -21.11
Long-Term Debt to EBITDA		 8.74 9.55 28.12 -21.93
Debt to NOPAT		 10.85 13.34 36.92 -30.24
Net Debt to NOPAT		 9.77 11.84 35.19 -29.11
Long-Term Debt to NOPAT		 10.85 13.34 36.92 -30.24
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - -
Cash Flow Metrics		 - - - -
Free Cash Flow to Firm (FCFF)		 592 1.03 -540 -144
Operating Cash Flow to CapEx		 1,381.77% 2,784.28% 5,132.77% 3,257.11%
Free Cash Flow to Firm to Interest Expense		 11.87 0.03 -4.58 -0.77
Operating Cash Flow to Interest Expense		 1.51 2.74 0.59 0.24
Operating Cash Flow Less CapEx to Interest Expense		 1.40 2.64 0.58 0.23
Efficiency Ratios		 - - - -
Asset Turnover		 0.03 0.03 0.02 0.02
Fixed Asset Turnover		 3.68 3.84 3.52 3.02
Capital & Investment Metrics		 - - - -
Invested Capital		 1,729 1,795 2,376 2,463
Invested Capital Turnover		 0.11 0.12 0.09 0.06
Increase / (Decrease) in Invested Capital		 -529 67 581 87
Enterprise Value (EV)		 0.00 0.00 0.00 0.00
Market Capitalization		 0.00 0.00 0.00 0.00
Book Value per Share		 $12.91 $12.70 $13.15 $11.69
Tangible Book Value per Share		 $10.25 $9.66 $9.93 $9.90
Total Capital		 1,729 1,795 2,376 2,463
Total Debt		 686 901 1,507 1,710
Total Long-Term Debt		 686 901 1,507 1,710
Net Debt		 618 800 1,436 1,646
Capital Expenditures (CapEx)		 5.46 2.92 1.36 1.35
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 30
Net Nonoperating Obligations (NNO)		 686 901 1,507 1,710
Total Depreciation and Amortization (D&A)		 -6.05 1.99 1.21 2.81
Earnings Adjustments		 - - - -
Adjusted Basic Earnings per Share		 $0.77 $0.95 $0.63 ($1.39)
Adjusted Weighted Average Basic Shares Outstanding		 82.39M 70.91M 64.80M 62.44M
Adjusted Diluted Earnings per Share		 $0.77 $0.95 $0.63 ($1.39)
Adjusted Weighted Average Diluted Shares Outstanding		 82.39M 70.93M 64.80M 62.44M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 77.00M 68.23M 65.21M 64.58M
Normalized Net Operating Profit after Tax (NOPAT)		 67 68 41 12
Normalized NOPAT Margin		 32.06% 32.08% 22.85% 8.26%
Pre Tax Income Margin		 40.38% 43.86% 29.32% -57.45%
Debt Service Ratios		 - - - -
EBIT to Interest Expense		 1.70 3.11 0.44 -0.43
NOPAT to Interest Expense		 1.27 2.28 0.35 -0.30
EBIT Less CapEx to Interest Expense		 1.59 3.01 0.43 -0.44
NOPAT Less CapEx to Interest Expense		 1.16 2.18 0.33 -0.31
Payout Ratios		 - - - -
Dividend Payout Ratio		 45.31% 45.44% 69.83% -31.80%
Augmented Payout Ratio		 233.53% 237.19% 137.36% -44.77%

Quarterly Metrics And Ratios for Kearny Financial

This table displays calculated financial ratios and metrics derived from Kearny Financial's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025
Period end date 3/31/2022 6/30/2022 9/30/2022 12/31/2022 3/31/2023 9/30/2023 12/31/2023 3/31/2024 9/30/2024 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -4.10% 1.61% 1.98% -31.27% -13.55% -20.71% -45.39% -12.48% -14.13% 89.06%
EBITDA Growth		 21.45% -36.92% -18.49% -93.17% -43.80% -36.42% -778.21% -34.07% -42.28% 164.90%
EBIT Growth		 9.30% -38.96% -19.26% -92.24% -45.43% -39.65% -707.11% -31.03% -45.42% 164.90%
NOPAT Growth		 7.73% -38.48% -16.13% -89.61% -41.72% -40.48% -532.16% -28.27% -38.10% 177.87%
Net Income Growth		 7.73% -38.48% -16.13% -89.61% -41.72% -40.48% -808.71% -28.27% -38.10% 147.49%
EPS Growth		 25.00% -25.00% -3.85% -88.46% -36.00% -36.00% -833.33% -25.00% -37.50% 145.45%
Operating Cash Flow Growth		 13.88% 36.46% 282.43% -27.26% -28.70% -40.67% 0.00% 0.00% -79.33% 0.00%
Free Cash Flow Firm Growth		 -73.94% -110.08% -94.75% -294.01% -569.35% -3,000.46% 53.33% 87.00% 133.93% 293.75%
Invested Capital Growth		 -6.38% 3.85% -0.52% 34.17% 37.18% 43.44% 11.47% 3.77% -9.89% -20.33%
Revenue Q/Q Growth		 -3.60% 4.89% 1.95% -33.32% 21.24% 0.00% -54.07% 94.29% 0.00% 1.11%
EBITDA Q/Q Growth		 -5.33% -35.25% 37.28% -91.88% 678.38% 0.00% -186.65% 175.67% 0.00% -2.58%
EBIT Q/Q Growth		 -5.30% -35.68% 39.90% -90.89% 566.03% 0.00% -191.59% 175.67% 0.00% 8.90%
NOPAT Q/Q Growth		 -5.73% -35.74% 45.43% -88.20% 428.55% 0.00% -185.67% 187.73% 0.00% 7.78%
Net Income Q/Q Growth		 -5.73% -35.74% 45.43% -88.20% 428.55% 0.00% -240.49% 153.50% 0.00% 7.78%
EPS Q/Q Growth		 -3.85% -28.00% 38.89% -88.00% 433.33% 0.00% -237.50% 154.55% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 45.16% -21.18% -14.25% -25.85% 42.29% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 -52.27% -139.14% 146.28% -2,344.07% -15.46% 0.00% 63.89% 67.84% 0.00% 106.18%
Invested Capital Q/Q Growth		 7.42% -0.61% -3.84% 30.69% 9.83% 0.00% 1.56% 2.24% 0.00% -10.20%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 48.31% 29.82% 40.16% 4.89% 31.41% 32.20% -60.75% 23.66% 21.64% 20.85%
EBIT Margin		 47.56% 29.16% 40.02% 5.46% 30.02% 30.46% -60.75% 23.66% 19.36% 20.85%
Profit (Net Income) Margin		 34.75% 21.29% 30.37% 5.37% 23.43% 22.80% -69.74% 19.20% 16.43% 17.52%
Tax Burden Percent		 73.07% 73.00% 75.88% 98.34% 78.04% 74.84% 114.79% 81.16% 84.87% 84.00%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 26.93% 27.00% 24.12% 1.66% 21.96% 25.16% 0.00% 18.84% 15.13% 16.00%
Return on Invested Capital (ROIC)		 3.90% 2.54% 3.71% 0.53% 2.06% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.90% 2.54% 3.71% 0.53% 2.06% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 3.32% 2.08% 3.09% 0.59% 2.72% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 7.22% 4.63% 6.80% 1.12% 4.78% 0.00% 0.00% 0.00% 0.00% 0.00%
Cash Return on Invested Capital (CROIC)		 10.59% 0.06% 4.24% -26.77% -29.47% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 1.35% 0.82% 1.12% 0.14% 0.72% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Assets (ROA)		 0.99% 0.60% 0.85% 0.14% 0.56% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)		 7.22% 4.63% 6.80% 1.12% 4.78% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 7.82% 0.00% 7.36% 5.45% 4.64% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 18 11 17 1.95 10 9.84 -8.43 7.40 6.09 6.57
NOPAT Margin		 34.75% 21.29% 30.37% 5.37% 23.43% 22.80% -42.53% 19.20% 16.43% 17.52%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.35% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 52.53% 53.87% 51.14% 75.76% 56.91% 56.86% 121.41% 62.26% 66.08% 65.66%
Operating Expenses to Revenue		 60.14% 62.93% 58.75% 89.93% 68.96% 68.97% 150.13% 75.43% 80.35% 78.86%
Earnings before Interest and Taxes (EBIT)		 24 16 22 1.98 13 13 -12 9.11 7.18 7.82
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 25 16 22 1.78 14 14 -12 9.11 8.02 7.82
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.89 1.01 0.97 1.59 0.00 1.92 1.97 2.03 1.97 1.69
Long-Term Debt to Equity		 0.89 1.01 0.97 1.59 0.00 1.92 1.97 2.03 1.97 1.69
Financial Leverage		 0.85 0.82 0.83 1.11 1.32 1.44 1.77 1.90 1.94 1.84
Leverage Ratio		 7.30 7.75 7.98 8.28 8.53 9.20 9.41 9.31 9.84 9.81
Compound Leverage Factor		 7.30 7.75 7.98 8.28 8.53 9.20 9.41 9.31 9.84 9.81
Debt to Total Capital		 47.12% 50.20% 49.32% 61.32% 0.00% 65.70% 66.28% 66.98% 66.32% 62.83%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 47.12% 50.20% 49.32% 61.32% 0.00% 65.70% 66.28% 66.98% 66.32% 62.83%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 52.88% 49.80% 50.68% 38.68% 100.00% 34.30% 33.72% 33.02% 33.68% 37.17%
Debt to EBITDA		 8.29 9.66 9.63 21.56 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 7.68 8.57 8.55 20.38 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 8.29 9.66 9.63 21.56 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 11.40 13.34 13.23 29.10 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 10.57 11.84 11.74 27.51 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 11.40 13.34 13.23 29.10 0.00 0.00 0.00 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 141 -55 26 -573 -661 -740 -267 -86 251 518
Operating Cash Flow to CapEx		 2,708.75% 2,275.78% 0.00% 0.00% 3,721.29% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 20.49 -6.93 1.61 -20.71 -19.00 -17.62 -5.71 -1.80 4.94 10.59
Operating Cash Flow to Interest Expense		 4.46 3.04 1.30 0.56 0.63 0.29 0.00 0.00 0.05 0.00
Operating Cash Flow Less CapEx to Interest Expense		 4.29 2.90 1.30 0.56 0.61 0.29 0.00 0.00 0.05 0.00
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.03 0.03 0.03 0.03 0.02 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 3.68 3.84 3.92 3.72 3.64 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 1,806 1,795 1,726 2,256 2,478 2,476 2,515 2,571 2,231 2,004
Invested Capital Turnover		 0.11 0.12 0.12 0.10 0.09 0.00 0.00 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital		 -123 67 -8.99 575 672 750 259 93 -245 -511
Enterprise Value (EV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Market Capitalization		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book Value per Share		 $13.13 $12.70 $12.82 $12.92 $13.20 $13.03 $13.14 $13.18 $11.64 $11.53
Tangible Book Value per Share		 $10.19 $9.66 $9.69 $9.75 $10.07 $9.76 $9.84 $9.87 $9.85 $9.75
Total Capital		 1,806 1,795 1,726 2,256 890 2,476 2,515 2,571 2,231 2,004
Total Debt		 851 901 851 1,384 0.00 1,627 1,667 1,722 1,480 1,259
Total Long-Term Debt		 851 901 851 1,384 0.00 1,627 1,667 1,722 1,480 1,259
Net Debt		 789 800 755 1,308 -195 1,570 1,593 1,651 1,324 1,117
Capital Expenditures (CapEx)		 1.13 1.06 0.00 -0.22 0.59 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 5.40 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 851 901 851 1,384 1,588 1,627 1,667 1,722 1,480 1,259
Total Depreciation and Amortization (D&A)		 0.38 0.35 0.08 -0.21 0.61 0.75 0.00 0.00 0.85 0.00
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.25 $0.18 $0.25 $0.03 $0.16 $0.16 ($0.22) $0.12 $0.10 $0.11
Adjusted Weighted Average Basic Shares Outstanding		 69.79M 70.91M 65.74M 65.03M 64.77M 63.01M 62.30M 62.21M 62.39M 62.50M
Adjusted Diluted Earnings per Share		 $0.25 $0.18 $0.25 $0.03 $0.16 $0.16 ($0.22) $0.12 $0.10 $0.10
Adjusted Weighted Average Diluted Shares Outstanding		 69.82M 70.93M 65.76M 65.04M 64.78M 63.06M 62.30M 62.21M 62.42M 62.63M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 70.42M 68.23M 67.57M 67.38M 66.08M 64.54M 64.44M 64.44M 64.58M 64.58M
Normalized Net Operating Profit after Tax (NOPAT)		 18 11 17 1.95 10 9.84 -8.43 7.40 6.09 6.57
Normalized NOPAT Margin		 34.75% 21.29% 30.37% 5.37% 23.43% 22.80% -42.53% 19.20% 16.43% 17.52%
Pre Tax Income Margin		 47.56% 29.16% 40.02% 5.46% 30.02% 30.46% -60.75% 23.66% 19.36% 20.85%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 3.52 1.96 1.37 0.07 0.38 0.31 -0.26 0.19 0.14 0.16
NOPAT to Interest Expense		 2.57 1.43 1.04 0.07 0.30 0.23 -0.18 0.15 0.12 0.13
EBIT Less CapEx to Interest Expense		 3.36 1.82 1.37 0.08 0.36 0.31 0.00 0.00 0.14 0.00
NOPAT Less CapEx to Interest Expense		 2.41 1.30 1.04 0.08 0.28 0.23 0.00 0.00 0.12 0.00
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 41.47% 45.44% 47.51% 61.95% 72.01% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 221.51% 237.19% 201.65% 219.60% 208.15% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Kearny Financial (NASDAQ: KRNY) has shown a mixed but generally pressured trend over the last several quarters. The bank is still profitable in most recent periods, but earnings have come under pressure from higher funding costs, lower non-interest income, and a notable increase in leverage. At the same time, credit quality appears fairly stable, with provision expense remaining modest relative to the size of the loan book.

  • Net income rebounded sequentially in Q2 2025 to $6.6 million from $6.1 million in Q1 2025, showing some stabilization after weaker periods.
  • Net interest income improved modestly in Q2 2025 to $32.6 million from $32.4 million in Q1 2025, helped by relatively steady asset yields.
  • Non-interest income recovered in Q2 2025 to $4.9 million from $4.6 million in Q1 2025, suggesting some improvement in fee and service-related revenue.
  • Provision for credit losses stayed low at $107,000 in Q2 2025, indicating the bank is not seeing major near-term deterioration in loan quality.
  • Allowance for loan and lease losses remained stable at $44.5 million in Q2 2025, roughly in line with recent quarters and suggesting reserves have not been aggressively depleted.
  • Loans were relatively flat year over year, with net loans and leases at $5.75 billion in Q2 2025 versus $5.70 billion a year earlier, pointing to limited growth but also no major contraction.
  • Total assets were essentially unchanged over the past year, sitting at $7.73 billion in Q2 2025 versus $7.90 billion in Q2 2024.
  • Deposit balances declined from last year, but showed modest improvement sequentially, which suggests funding remains manageable but not strongly growing.
  • Quarterly EPS remains low at $0.10 in Q2 2025, meaning profitability is still thin relative to the balance sheet size.
  • Cash flow from operations was positive in Q1 2025 at $2.5 million, but operating cash generation has been inconsistent across the last several quarters.
  • Net income is down sharply from a year ago, falling from $9.8 million in Q1 2024 and $11.4 million in Q2 2024 to $6.1 million and $6.6 million in the first half of 2025 periods shown.
  • Non-interest income has weakened materially, especially after large investment-related losses in some earlier periods and a Q2 2024 quarter where non-interest income was deeply negative.
  • Funding costs remain elevated, with deposit interest expense and long-term debt interest expense consuming a large portion of revenue.
  • Total liabilities are high relative to equity at $7.0 billion versus $744.9 million of equity in Q2 2025, leaving the company meaningfully levered.
  • Long-term debt is substantial at $1.26 billion in Q2 2025, and changes in debt balances have been a major driver of financing activity.
  • Deposit balances have trended lower versus last year, which can pressure liquidity and increase reliance on more expensive funding sources.

Bottom line: Kearny Financial appears stable enough to remain profitable, but earnings power is subdued and the balance sheet remains highly sensitive to funding costs. The recent sequential improvement is encouraging, but the longer-term trend still looks more like a bank working through margin pressure than one in a strong growth phase.

06/03/26 07:48 PM ETAI Generated. May Contain Errors.

Kearny Financial Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Kearny Financial's fiscal year ends in June. Their fiscal year 2024 ended on June 30, 2024.

Kearny Financial's net income appears to be on a downward trend, with a most recent value of -$86.67 million in 2024, falling from $63.23 million in 2021. The previous period was $40.81 million in 2023. Check out Kearny Financial's forecast to explore projected trends and price targets.

Over the last 3 years, Kearny Financial's total revenue changed from $209.26 million in 2021 to $140.60 million in 2024, a change of -32.8%.

Kearny Financial's total liabilities were at $6.93 billion at the end of 2024, a 3.7% decrease from 2023, and a 11.0% increase since 2021.

In the past 3 years, Kearny Financial's cash and equivalents has ranged from $17.20 million in 2024 to $26.09 million in 2022, and is currently $17.20 million as of their latest financial filing in 2024.

Over the last 3 years, Kearny Financial's book value per share changed from 12.91 in 2021 to 11.69 in 2024, a change of -9.4%.


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Financial statements for NASDAQ:KRNY last updated on 4/7/2025 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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