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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% | - |
| 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% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 210.54 | 178.62 | 140.60 | 154 |
| Pretax Income | 92.35 | 52.38 | -80.78 | 31 |
| Tax Provision | 24.80 | 11.57 | 5.89 | 4.92 |
| Net Income | 67.55 | 40.81 | -86.67 | 26.07 |
| Net Income Common Stockholders | 67.55 | 40.81 | -86.67 | 26.07 |
| Interest Expense | 29.67 | 117.86 | 186.27 | 189.53 |
| Interest Income | 226.27 | 293.72 | 328.87 | 324.48 |
| Selling General And Administration | 82.91 | 84.21 | 78.10 | 80.01 |
| Normalized Income | 67.54 | 40.92 | -8.98 | 26.07 |
| Basic EPS | 0.95 | 0.63 | -1.39 | 0.42 |
| Diluted EPS | 0.95 | 0.63 | -1.39 | 0.42 |
| Tax Effect Of Unusual Items | 0 | -0.03 | -20.65 | 0 |
| Tax Rate For Calcs | 0.27 | 0.22 | 0.21 | 0.16 |
| Total Unusual Items | 0.01 | -0.14 | -98.34 | 0 |
| Total Unusual Items Excluding Goodwill | 0.01 | -0.14 | -98.34 | 0 |
| Net Income From Continuing Operation Net Minority Interest | 67.55 | 40.81 | -86.67 | 26.07 |
| Reconciled Depreciation | 6.66 | 6.30 | 5.26 | 4.88 |
| Net Interest Income | 196.60 | 175.87 | 142.59 | 134.94 |
| Net Income From Continuing And Discontinued Operation | 67.55 | 40.81 | -86.67 | 26.07 |
| Diluted Average Shares | 70.93 | 64.80 | 62.44 | 62.72 |
| Basic Average Shares | 70.91 | 64.80 | 62.44 | 62.51 |
| Diluted NI Availto Com Stockholders | 67.55 | 40.81 | -86.67 | 26.07 |
| Net Income Including Noncontrolling Interests | 67.55 | 40.81 | -86.67 | 26.07 |
| Net Income Continuous Operations | 67.55 | 40.81 | -86.67 | 26.07 |
| Special Income Charges | 0 | 0 | -97.37 | 0 |
| Impairment Of Capital Assets | 0 | 0 | 97.37 | 0 |
| Restructuring And Mergern Acquisition | 0 | 0 | 0 | 0 |
| Gain On Sale Of Security | -0.56 | -15.23 | -18.14 | 0 |
| Selling And Marketing Expense | 2.06 | 2.12 | 1.40 | 1.88 |
| General And Administrative Expense | 80.85 | 82.09 | 76.71 | 78.14 |
| Insurance And Claims | 2.46 | 5.13 | 5.98 | 5.91 |
| Salaries And Wages | 78.40 | 76.95 | 70.73 | 72.22 |
| Operating Revenue | 210.54 | 178.62 | 140.60 | 154 |
| 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 | $507M | 15.52↑ premium | 0.67 | 3.5% | - |
| Midland States Bancorp, Inc. | MSBI | $533M | 21.34 | 1.19 | -22.0% | - |
| Southern First Bancshares, Inc. | SFST | $528M | 13.11 | 1.24 | 8.2% | - |
| Unity Bancorp, Inc. | UNTY | $524M | 8.79 | 1.46 | 16.8% | - |
| ACNB Corporation | ACNB | $523M |
| 10.23 |
| 1.23 |
| 8.8% |
| - |
| Civista Bancshares, Inc. | CIVB | $515M | 9.18 | 0.93 | 8.5% | - |
| AlTi Global, Inc. | ALTI | $512M | - | 1.38 | -13.7% | -20.39 |
| Innventure, Inc. | INV | $504M | - | 2.09 | -60.6% | -7.91 |
| Bit Digital, Inc. | BTBT | $474M | - | 0.66 | -9.3% | -11.32 |
| Peer Median | - | 10.23 | 1.24 | -0.5% | -11.32 | |