Kearny Financial

Kearny Financial Corp. operates as a holding company, which engages in the ownership and operation of Kearny Bank. Its services include deposits from the general public in New Jersey. The firm uses deposits, together with other funds, to originate or purchase loans for its portfolio and invest in securities. It offers both personal and business services. The company was founded in 1884 and is headquartered in Fairfield, NJ.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

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Shares of Kearny Financial (NASDAQ:KRNY) moved higher by 0.93% in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 21.43% year over year to $0.17, which beat the estimate of $0.11.

Recap: Kearny Financial Q1 Earnings

FAIRFIELD, N.J., Oct. 29, 2020 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported net income for the first quarter ended September 30, 2020 of $11.4 million, or $0.13 per diluted share. These results represent a decrease of $2.3 million from $13.7 million, or $0.17 per diluted share, for the fourth quarter ended June 30, 2020.

Kearny Financial Corp. Reports Fiscal 2021 First Quarter Results

Kearny Financial (NASDAQ: KRNY) shares are trading higher on Monday after the company announced the resumption of its current stock repurchase plan and approval of a new 5% stock repurchase plan. Kearny Financial is a Maryland holding company for Kearny Bank, a federally-chartered stock savings bank.

Why Kearny Financial's Stock Is Trading Higher

FAIRFIELD, N.J., Oct. 19, 2020 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company for Kearny Bank, announced today that the Board of Directors has authorized the resumption of its current stock repurchase plan, which has 761,030 shares of Company common stock remaining to be repurchased. The current stock repurchase plan was temporarily suspended on March 25, 2020 due to the risks and uncertainties associated with the COVID-19 pandemic. Upon completion of its current stock repurchase plan, the Board of Directors has approved a new stock repurchase plan to acquire up to 4,475,523 shares or 5% of the Company's outstanding common stock.

Kearny Financial Corp. Announces Resumption of Its Current Stock Repurchase Plan and Approval of a New 5% Stock Repurchase Plan

FAIRFIELD, N.J., Oct. 19, 2020 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), today announced updated information regarding the Bank's COVID-19 impacted loans. As of September 30, 2020, the Company had active payment deferrals on 63 loans totaling $76.9 million in principal balances, representing 1.54% of total loans. This represents a small portion of the total deferrals granted and a substantial decrease in the number and amount of active deferrals at June 30, 2020.

Kearny Financial Corp. Provides Update Regarding COVID-19 Impacted Loans

Kearny (KRNY) delivered earnings and revenue surprises of 112.50% and 7.07%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Kearny (KRNY) Beats Q4 Earnings and Revenue Estimates

FAIRFIELD, N.J., July  30, 2020  (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 June 30, 2020 of $13.7 million, or $0.17 per diluted share. The results represent an increase of $4.4 million compared to $9.3 million, or $0.11 per diluted share, for the quarter ended March 31, 2020.

Kearny Financial Corp. Reports Fourth Quarter and Fiscal Year End 2020 Operating Results

FAIRFIELD, N.J., July  13, 2020  (GLOBE NEWSWIRE) --  Kearny Financial Corp. (Nasdaq: KRNY) (“Kearny”), the holding company for Kearny Bank, announced today the successful closing of its previously announced acquisition of MSB Financial Corp. (Nasdaq: MSBF) (“MSB”) and its subsidiary, Millington Bank, on July 10, 2020.

Kearny Financial Corp. Completes Acquisition of MSB Financial Corp.

Kearny Financial (KRNY) and MSB Financial announce that their proposed merger deal will likely be completed on Jul 10, after market close.

Kearny Financial, MSB Financial Merger Deal to Close on Jul 10

MSB Financial

FAIRFIELD, N.J. and MILLINGTON, N.J., July  01, 2020  (GLOBE NEWSWIRE) -- Kearny Financial Corp. (Nasdaq: KRNY) (“Kearny”) and MSB Financial Corp. (Nasdaq: MSBF) (“MSB”) expect that their proposed merger transaction will be completed after the market closes on July 10, 2020.  The parties previously announced that MSB shareholders approved the merger at its shareholder meeting held on May 28, 2020, and that all required regulatory approvals or waivers were received.

Kearny Financial Corp. and MSB Financial Corp.

FAIRFIELD, N.J. and MILLINGTON, N.J., May  28, 2020  (GLOBE NEWSWIRE) -- Kearny Financial Corp. (Nasdaq: KRNY) (“Kearny”) and MSB Financial Corp. (Nasdaq: MSBF) (“MSB”) jointly announced that the parties have received all the shareholder and regulatory approvals or waivers necessary to complete the merger of MSB into Kearny. The special meeting of MSB’s shareholders to approve the merger was held on May 28, 2020. At the MSB special meeting, shareholders also approved, on a non-binding advisory basis, the compensation that may become payable to the named executive officers of MSB in connection with the merger. The parties expect to close the merger early in the third calendar quarter of 2020, subject to the satisfaction of customary closing conditions.

Kearny Financial Corp.  and MSB Financial Corp.

Kearny Financial Corp. and  MSB Financial Corp.

FAIRFIELD, N.J. and MILLINGTON, N.J., May  20, 2020  (GLOBE NEWSWIRE) -- Kearny Financial Corp. (Nasdaq: KRNY), the holding company for Kearny Bank, (“Kearny”), and MSB Financial Corp. (Nasdaq: MSBF), the holding company for Millington Bank, (“Millington”), announced today that the parties to the merger agreement have mutually agreed to extend the deadline by which shareholders of MSBF must properly submit election materials (the “Election Deadline”) to Computershare Trust Company, N.A., the exchange agent for the merger (the “Exchange Agent”).  Due to delays in distribution, the Election Deadline, which originally was 5:00 p.m., Eastern Time, on May 28, 2020, has been extended to 5:00 p.m., Eastern Time, on June 15, 2020 (the “New Election Deadline”). 

Kearny Financial Corp. Announces Extension of MSB Financial Corp.

FAIRFIELD, N.J. and MILLINGTON, N.J., Dec.  18, 2019  (GLOBE NEWSWIRE) -- Kearny Financial Corp. (Nasdaq: KRNY), the holding company for Kearny Bank, (“Kearny”), and MSB Financial Corp. (Nasdaq: MSBF), the holding company for Millington Bank, (“Millington”) , announced today that the companies have entered into a definitive agreement pursuant to which Kearny will acquire Millington in a transaction valued over $94 million based on Kearny’s closing stock price on Tuesday, December 17, 2019 of $14.10 per share.  Under the terms of merger, which was unanimously approved by both Boards of Directors, Millington will merge with and into Kearny, and each outstanding share of Millington common stock will be exchanged for 1.3 shares of KRNY common stock or $18.00 in cash.  Millington stockholders may elect cash or stock, or a combination thereof, subject to proration to ensure that, in the aggregate, 10% of Millington shares will be converted into cash and 90% of Millington shares will be converted into Kearny stock. Upon closing, Kearny shareholders will own approximately 94% of the combined company and Millington shareholders will own approximately 6% of the combined company.

Kearny Financial Corp. Announces Merger with MSB Financial Corp.

FAIRFIELD, N.J., Nov.  20, 2019  (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), announced today that the Company’s Board of Directors has declared a quarterly cash dividend of $0.07 per share to stockholders of record as of December 6, 2019, payable on December 20, 2019.  This represents an increase of $0.01 from the prior quarter’s dividend of $0.06 per share.

Kearny Financial Corp.  Declares Increased Quarterly Cash Dividend

FAIRFIELD, N.J., Aug.  21, 2019  (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), announced today that the Company’s Board of Directors has declared a quarterly cash dividend of $0.06 per share to stockholders of record as of September 4, 2019, payable on September 18, 2019.

Kearny Financial Corp.  Declares Quarterly Cash Dividend

News for Kearny Financial Stock (KRNY)