Kearny Financial ( (KRNY) ) has issued an announcement.
On April 24, 2025, Kearny Financial Corp. announced its third-quarter fiscal 2025 results, reporting a net income of $6.6 million, or $0.11 per diluted share, consistent with the previous quarter. The company also declared a quarterly cash dividend of $0.11 per share, payable on May 21, 2025. The quarter saw an expansion in net interest margin by eight basis points, attributed to growth in net loans and deposits, and a decrease in the cost of funds. Despite fluctuations in US Treasury rates, Kearny Financial remains confident in its core business performance. The company’s total assets increased slightly to $7.73 billion, with notable growth in loans receivable and deposits. However, non-interest income decreased due to lower gains on loan sales and electronic banking fees. Non-interest expenses rose due to increased salaries, benefits, and advertising costs. The company’s asset quality remained stable, with non-performing assets steady at $37.7 million.
Spark’s Take on KRNY Stock
According to Spark, TipRanks’ AI Analyst, KRNY is a Neutral.
Kearny Financial faces significant financial challenges, with declining revenues and profitability being key concerns. Technical indicators suggest bearish momentum. The high dividend yield is a bright spot for income-oriented investors, but the negative P/E ratio and financial instability warrant caution. Positive corporate events provide some optimism, but risks remain prevalent.
To see Spark’s full report on KRNY stock, click here.
More about Kearny Financial
Kearny Financial Corp. is a financial services company operating as the holding company for Kearny Bank. The company primarily focuses on providing banking services, including loans and deposits, with a market emphasis on non-residential mortgage loans and consumer savings deposits.
YTD Price Performance: -11.75%
Average Trading Volume: 361,684
Technical Sentiment Signal: Buy
Current Market Cap: $393.9M
For a thorough assessment of KRNY stock, go to TipRanks’ Stock Analysis page.