Kearny Financial Q4 Adj $0.09, Inline, Sales $32.28M Miss $33.51M Estimate

7/25/24 8:42:51 AM ET

Savings Institutions

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Kearny Financial (NASDAQ:KRNY) reported quarterly earnings of $0.09 per share which met the analyst consensus estimate. This is a 52.63 percent decrease over earnings of $0.19 per share from the same period last year. The company reported quarterly sales of $32.28 million which missed the analyst consensus estimate of $33.51 million by 3.68 percent. This is a 19.67 percent decrease over sales of $40.18 million the same period last year.

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Recent Analyst Ratings for
$KRNY

Date	Price Target	Rating	Analyst
12/8/2022	$11.00	Neutral → Buy	Compass Point
10/28/2022	$14.00 → $11.00	Buy → Neutral	Compass Point
1/6/2022	$14.00	Overweight → Neutral	Piper Sandler

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$KRNY
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Kearny Financial Corp. Announces First Quarter Fiscal 2025 Results and Declaration of Cash Dividend
FAIRFIELD, N.J., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the "Company"), the holding company of Kearny Bank (the "Bank"), reported net income for the quarter ended September 30, 2024 of $6.1 million, or $0.10 per diluted share, compared to a GAAP net loss of $90.1 million, or $1.45 per diluted share, for the quarter ended June 30, 2024. The net loss for the quarter ended June 30, 2024 included a goodwill impairment of $95.3 million, as previously disclosed. Excluding this item, net income for the quarter ended September 30, 2024 increased $496,000 from adjusted net income of $5.6 million for the quarter ended June 30, 2024. The Company also announced th
10/24/24 8:30:00 AM ET
$KRNY
Savings Institutions
Finance
Kearny Financial Corp. Announces Fourth Quarter and Fiscal Year End 2024 Results and Declaration of $0.11 Per Share Cash Dividend
FAIRFIELD, N.J., July 25, 2024 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the "Company"), the holding company of Kearny Bank (the "Bank"), reported a GAAP net loss for the quarter ended June 30, 2024 of $90.1 million, or $1.45 per diluted share, attributable to a non-cash, after-tax, goodwill impairment of $95.3 million. Excluding the impact of the goodwill impairment and other non-recurring transactions, adjusted net income for the quarter ended June 30, 2024 was $5.6 million, or $0.09 per diluted share, as compared to net income of $7.4 million, or $0.12 per diluted share, for the quarter ended March 31, 2024. "Goodwill impairment in no way affects our ongoing strateg
7/25/24 8:30:00 AM ET
$KRNY
Savings Institutions
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Kearny Financial Corp. Names Chief Operating Officer and Chief Financial Officer
FAIRFIELD, N.J., June 20, 2024 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the "Company"), the holding company for Kearny Bank (the "Bank"), announced today that the Board of Directors promoted Keith Suchodolski to Senior Executive Vice President and Chief Operating Officer, effective July 1, 2024. Mr. Suchodolski has held progressive leadership roles within the Company since 2013, most recently serving as Chief Financial Officer since July 2018. In his new role, Mr. Suchodolski's range of responsibilities will broaden to include strategic oversight of retail & business banking, human resources, marketing, corporate finance and corporate administration. Craig L. Montanar
6/20/24 8:30:00 AM ET
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$KRNY
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Kearny Financial Corp. Announces First Quarter Fiscal 2025 Results and Declaration of Cash Dividend
FAIRFIELD, N.J., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the "Company"), the holding company of Kearny Bank (the "Bank"), reported net income for the quarter ended September 30, 2024 of $6.1 million, or $0.10 per diluted share, compared to a GAAP net loss of $90.1 million, or $1.45 per diluted share, for the quarter ended June 30, 2024. The net loss for the quarter ended June 30, 2024 included a goodwill impairment of $95.3 million, as previously disclosed. Excluding this item, net income for the quarter ended September 30, 2024 increased $496,000 from adjusted net income of $5.6 million for the quarter ended June 30, 2024. The Company also announced th
10/24/24 8:30:00 AM ET
$KRNY
Savings Institutions
Finance
Kearny Financial Corp. Announces Fourth Quarter and Fiscal Year End 2024 Results and Declaration of $0.11 Per Share Cash Dividend
FAIRFIELD, N.J., July 25, 2024 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the "Company"), the holding company of Kearny Bank (the "Bank"), reported a GAAP net loss for the quarter ended June 30, 2024 of $90.1 million, or $1.45 per diluted share, attributable to a non-cash, after-tax, goodwill impairment of $95.3 million. Excluding the impact of the goodwill impairment and other non-recurring transactions, adjusted net income for the quarter ended June 30, 2024 was $5.6 million, or $0.09 per diluted share, as compared to net income of $7.4 million, or $0.12 per diluted share, for the quarter ended March 31, 2024. "Goodwill impairment in no way affects our ongoing strateg
7/25/24 8:30:00 AM ET
$KRNY
Savings Institutions
Finance
Kearny Financial Corp. Announces Third Quarter Fiscal 2024 Results and Declaration of Cash Dividend
FAIRFIELD, N.J., April 25, 2024 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the "Company"), the holding company of Kearny Bank (the "Bank"), reported net income for the quarter ended March 31, 2024 of $7.4 million, or $0.12 per diluted share, compared to a net loss of $13.8 million, or $0.22 per diluted share, for the quarter ended December 31, 2023. The net loss for the quarter ended December 31, 2023 was impacted by various non-recurring items, as previously disclosed. The Company also announced that its Board of Directors has declared a quarterly cash dividend of $0.11 per share, payable on May 22, 2024, to stockholders of record as of May 8, 2024. Craig L. Montanaro
4/25/24 8:30:00 AM ET
$KRNY
Savings Institutions
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Kearny Financial Q4 Adj $0.09, Inline, Sales $32.28M Miss $33.51M Estimate

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Recent Analyst Ratings for $KRNY

$KRNY Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Director Wong-Zaza Melvina bought $9,936 worth of shares (1,600 units at $6.21), increasing direct ownership by 8% to 22,535 units (SEC Form 4)

Director Wong-Zaza Melvina bought $42,801 worth of shares (6,000 units at $7.13), increasing direct ownership by 40% to 20,935 units (SEC Form 4)

Wong-Zaza Melvina bought $49,623 worth of shares (8,340 units at $5.95), increasing direct ownership by 126% to 14,935 units (SEC Form 4)

$KRNY Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Director Wong-Zaza Melvina bought $9,936 worth of shares (1,600 units at $6.21), increasing direct ownership by 8% to 22,535 units (SEC Form 4)

EVP and CCO Demedici Thomas sold $37,842 worth of shares (6,304 units at $6.00), decreasing direct ownership by 8% to 70,614 units (SEC Form 4)

EVP and Chief Banking Officer Bilotta Anthony V Jr was granted 9,218 shares and covered exercise/tax liability with 3,173 shares, increasing direct ownership by 8% to 85,806 units (SEC Form 4)

$KRNY Press Releases

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Kearny Financial Corp. Announces First Quarter Fiscal 2025 Results and Declaration of Cash Dividend

Kearny Financial Corp. Announces Fourth Quarter and Fiscal Year End 2024 Results and Declaration of $0.11 Per Share Cash Dividend

Kearny Financial Corp. Names Chief Operating Officer and Chief Financial Officer

$KRNY SEC Filings

SEC Form 10-Q filed by Kearny Financial Corp

Kearny Financial Corp filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Other Events, Financial Statements and Exhibits

Kearny Financial Corp filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders

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$KRNY Large Ownership Changes

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$KRNY Leadership Updates

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Kearny Financial upgraded by Compass Point with a new price target

Kearny Financial downgraded by Compass Point with a new price target

Kearny Financial downgraded by Piper Sandler with a new price target

Amendment: SEC Form SC 13G/A filed by Kearny Financial Corp

Amendment: SEC Form SC 13G/A filed by Kearny Financial Corp

Amendment: SEC Form SC 13G/A filed by Kearny Financial Corp

Kearny Financial Corp. Appoints New Board Members

$KRNY Financials

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Kearny Financial Corp. Announces First Quarter Fiscal 2025 Results and Declaration of Cash Dividend

Kearny Financial Corp. Announces Fourth Quarter and Fiscal Year End 2024 Results and Declaration of $0.11 Per Share Cash Dividend

Kearny Financial Corp. Announces Third Quarter Fiscal 2024 Results and Declaration of Cash Dividend

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