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Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States. The company offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts. It also provides various loans, such as multi-family and nonresidential real estate mortgage loans, commercial term loans and lines of credit, one- to four-family residential mortgage loans, and home equity loans and lines of credit; loans to individuals, builders, or developers for the construction of multi-family residential buildings or commercial real estate, or for the construction or renovation of one- to four-family residences; overdraft lines of credit; and personal loans, as well as engages in the investment activities. The company was founded in 1884 and is headquartered in Fairfield, New Jersey.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $154M | - | $26M | $21M | 3.5% | 9.5% | -130.1% |
| 2024 | $141M | - | $-87M | $43M | -11.5% | -21.3% | -312.4% |
| 2023 | $179M | - | $41M | $68M | 4.7% | -15.2% | -39.6% |
| 2022 | $211M | - | $68M | $78M | 7.6% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 210.54 | 178.62 | 140.60 | 154 |
| Operating Revenue | - | 210.54 | 178.62 | 140.60 | 154 |
| Selling General And Administration | - | 82.91 | 84.21 | 78.10 | 80.01 |
| Interest Income | - | 226.27 | 293.72 | 328.87 | 324.48 |
| Interest Expense | - | 29.67 | 117.86 | 186.27 | 189.53 |
| Net Interest Income | - | 196.60 | 175.86 | 142.59 | 134.94 |
| Pretax Income | - | 92.35 | 52.38 | -80.78 | 31 |
| Tax Provision | - | 24.80 | 11.57 | 5.89 | 4.92 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | -0.03 | -20.65 | 0 |
| Net Income Continuous Operations | - | 67.55 | 40.81 | -86.67 | 26.08 |
| Net Income From Continuing And Discontinued Operation | - | 67.55 | 40.81 | -86.67 | 26.08 |
| Net Income From Continuing Operation Net Minority Interest | - | 67.55 | 40.81 | -86.67 | 26.08 |
| Net Income | - | 67.55 | 40.81 | -86.67 | 26.08 |
| Net Income Common Stockholders | - | 67.55 | 40.81 | -86.67 | 26.08 |
| Net Income Including Noncontrolling Interests | - | 67.55 | 40.81 | -86.67 | 26.08 |
| Normalized Income | - | 67.54 | 40.92 | -8.98 | 26.08 |
| Diluted NI Availto Com Stockholders | - | 67.55 | 40.81 | -86.67 | 26.08 |
| Basic Average Shares | - | 70.91 | 64.80 | 62.44 | 62.51 |
| Diluted Average Shares | - | 70.93 | 64.80 | 62.44 | 62.72 |
| Reconciled Depreciation | - | 6.66 | 6.30 | 5.26 | 4.88 |
| Total Unusual Items | - | 0 | -0.14 | -98.34 | 0 |
| Total Unusual Items Excluding Goodwill | - | 0 | -0.14 | -98.34 | 0 |
| Special Income Charges | - | 0 | 0 | -97.37 | 0 |
| Impairment Of Capital Assets | - | 0 | 0 | 97.37 | 0 |
| Restructuring And Mergern Acquisition | 1.30 | 0 | 0 | - | - |
| Gain On Sale Of Security | - | -0.56 | -15.23 | -18.14 | 0 |
| General And Administrative Expense | - | 80.85 | 82.09 | 76.71 | 78.14 |
| Salaries And Wages | - | 78.40 | 76.95 | 70.73 | 72.22 |
| Insurance And Claims | - | 2.46 | 5.13 | 5.98 | 5.91 |
| Selling And Marketing Expense | - | 2.06 | 2.12 | 1.40 | 1.88 |
| Occupancy And Equipment | - | 30 | 26.61 | 26.26 | 27.23 |
| Other Non Interest Expense | - | 12.80 | 12.93 | 13.42 | 13.39 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Kearny Financial Corp.this co. | KRNY | $518M | 19.86↑ premium | 0.69 | 3.5% | - |
| Bridgewater Bancshares, Inc. | BWB | $532M | 11.54 | 1.18 | 10.2% | - |
| Capital Bancorp, Inc. | CBNK | $531M | 9.29 | 1.32 | 14.2% | - |
| Flushing Financial Corporation | FFIC | $524M | 27.76 | 0.74 | 2.7% | - |
| Better Home & Finance Holding Company | BETR |
| - |
| - |
| - |
| - |
| - |
| $521M |
| -3.14 |
| 14.01 |
| -446.1% |
| -7.65 |
| Chaince Digital Holdings Inc. | CD | $517M | -101.45 | 11.75 | -11.6% | -131.93 |
| Home Bancorp, Inc. | HBCP | $513M | 11.14 | 1.18 | 10.6% | - |
| Sierra Bancorp | BSRR | $509M | 12.02 | 1.39 | 11.6% | - |
| LendingTree, Inc. | TREE | $506M | 3.34 | 1.76 | 52.8% | 8.33 |
| Peer Median | - | 10.21 | 1.36 | 10.4% | -7.65 | |