Kearny Financial ( (KRNY) ) has issued an update.
Kearny Financial Corp. reported a significant turnaround with a net income of $6.1 million for Q1 2025, overcoming a previous quarter’s net loss due to a goodwill impairment. The company also announced a $0.11 per share quarterly dividend, reflecting financial stability. With total assets increasing to $7.77 billion and an improvement in net interest margin, Kearny is well-positioned amid anticipated federal rate cuts. Asset quality remains robust with minimal exposure to high-risk real estate, ensuring a strong financial outlook.
Learn more about KRNY stock on TipRanks’ Stock Analysis page.
