Earnings summaries and quarterly performance for Kearny Financial.
Executive leadership at Kearny Financial.
Craig L. Montanaro
Detailed
President and Chief Executive Officer
CEO
Anthony V. Bilotta, Jr.
Detailed
Executive Vice President, Chief Banking Officer
Cassia J. Beierle
Detailed
Executive Vice President, General Counsel
Erika K. Parisi
Detailed
Executive Vice President, Chief Administrative Officer
Keith Suchodolski
Detailed
Senior Executive Vice President, Chief Operating Officer
Patrick M. Joyce
Detailed
Executive Vice President, Chief Lending Officer
Sean Byrnes
Detailed
Executive Vice President, Chief Financial Officer
Thomas D. DeMedici
Detailed
Executive Vice President, Chief Credit Officer
Timothy A. Swansson
Detailed
Executive Vice President, Chief Technology & Innovation Officer
Board of directors at Kearny Financial.
Catherine A. Lawton
Detailed
Director
Charles J. Pivirotto
Detailed
Director
Christopher Petermann
Detailed
Director
Curtland E. Fields
Detailed
Director
John F. McGovern
Detailed
Director
John J. Mazur, Jr.
Detailed
Chairman of the Board
Joseph P. Mazza
Detailed
Director
Leopold W. Montanaro
Detailed
Director
Melvina Wong-Zaza
Detailed
Director
Raymond E. Chandonnet
Detailed
Director
Theodore J. Aanensen
Detailed
Director
Research analysts covering Kearny Financial.
Recent press releases and 8-K filings for KRNY.
Kearny Financial Corp. Reports FY 2025 Annual Meeting Outcomes and Strategic Focus
KRNY
Proxy Vote Outcomes
New Projects/Investments
Revenue Acceleration/Inflection
- Kearny Financial Corp. (KRNY) reported a net interest margin (NIM) increase from 1.8% in Q1 FY2025 to 2.0% by Q4 FY2025, with Net Interest Income (NII) growing from $32 million to almost $36 million during FY2025. The company is positioned for earnings growth in a declining rate environment due to its liability-sensitive nature and use of derivatives.
- The company is shifting from a defensive to an offensive posture, focusing on accelerated organic growth, deepening client relationships, and strengthening core deposits. Kearny is also investing in technology and automation, including an AI chatbot, virtual agent, and a partnership with The Lab Consulting Group to use AI and RPA for operational efficiency and cost reduction. The branch network will be optimized, reducing from 43 to 40 branches by the end of October 2025.
- Stockholders re-elected four directors for three-year terms and one director for a two-year term, ratified the appointment of Crowe LLP as the independent auditor for FY 2026, and approved executive compensation. The company highlighted its strong credit performance, with cumulative charge-offs of $39.8 million between 2000 and 2025, and minimal exposure to New York City office and rent-regulated multifamily real estate.
Oct 21, 2025, 2:00 PM
Kearny Financial Corp. Holds 2025 Annual Meeting, Reports FY 2025 Highlights and Strategic Initiatives
KRNY
Proxy Vote Outcomes
Board Change
New Projects/Investments
- Kearny Financial Corp. (KRNY) held its annual meeting on October 21, 2025, reporting 64,744,523 shares of common stock outstanding on the record date of August 22, 2025. As of September 30, 2025, the company's market capitalization was $425 million, with $7.7 billion in assets, $5.8 billion in loans, $5.7 billion in deposits, and $700 million in capital.
- For FY 2025, the company reported net interest margin growth from 1.8% to 2% and net interest income increasing from $32 million to almost $36 million, with pretax pre-provision EPS per share rising from $0.12 to $0.16.
- Strategic initiatives include closing three branches by the end of October 2025 for branch optimization, a renewed focus on organic expansion, and the implementation of AI and digital tools for operational efficiency and client service.
- The company's investment services group has generated $486 million in total sales and $8.7 million in gross revenue since its inception, managing $369 million in assets for approximately 2,000 clients.
- Shareholders approved the election of directors, ratified Crow LLP as the independent auditor for the fiscal year ending June 30, 2026, and provided advisory approval for executive compensation.
Oct 21, 2025, 2:00 PM
Kearny Financial Corp. Reports FY 2025 Financial Highlights and Strategic Outlook
KRNY
Earnings
New Projects/Investments
Proxy Vote Outcomes
- FY 2025 Financial Performance: Kearny Financial Corp. reported Net Income of $26,075 thousand and diluted Earnings per share of $0.42 for fiscal year 2025. Net Interest Income for the year was $134,943 thousand, with the Net Interest Margin improving from 1.80% in Q1 2025 to 2.00% in Q4 2025.
- Strategic Shift and FY 2026 Initiatives: The company transitioned to an offensive growth strategy in FY 2025, supported by easing macroeconomic pressures and favorable monetary policy. Key strategic initiatives for FY 2026 include accelerating organic growth, optimizing the loan portfolio, strengthening the core deposit base, enhancing operational efficiency through technology, and broadening market presence.
- Operational Footprint and Efficiency Focus: Kearny Financial Corp. operates 43 full-service branches, with three branches to be consolidated by October 2025 to streamline the network to 40 branches. The company is also making strategic technology investments, including AI and automation, to drive operational excellence and efficiency.
- Key Financial Metrics: As of FY 2025, the company reported $7.7 billion in assets, $5.8 billion in loans, $5.7 billion in deposits, and a market capitalization of $425.3 million. Tangible Book Value per share was $9.77.
Oct 21, 2025, 2:00 PM
Kearny Financial Corp. Holds Annual Meeting and Reviews Fiscal Year 2025 Performance
KRNY
Earnings
Proxy Vote Outcomes
Auditor Change
- Kearny Financial Corp. (KRNY) held its annual meeting on October 21, 2025, where stockholders voted on the election of directors, the ratification of Crowe LLP as the independent auditor for fiscal year 2026, and an advisory resolution on executive compensation.
- As of September 30, 2025, the company reported $7.7 billion in assets, $5.8 billion in loans, $5.7 billion in deposits, and a market capitalization of $425.3 million.
- For the fiscal year ended June 30, 2025, KRNY successfully navigated industry pressures, transitioned to a growth strategy, and experienced improved net interest margins due to Federal Reserve policy shifts, demonstrating sustained earnings growth and margin expansion.
- The company is strategically positioned for fiscal year 2026 to benefit from a declining rate environment with a liability-sensitive balance sheet and a low-cost core deposit base, alongside ongoing initiatives to enhance operational efficiency through technology.
Oct 21, 2025, 12:26 PM
Kearny Financial Corp. Partners with The Lab Consulting for Operational Efficiency
KRNY
New Projects/Investments
Revenue Acceleration/Inflection
- Kearny Financial Corp. (KRNY) announced a strategic partnership with The Lab Consulting to enhance operational efficiency, boost workforce productivity, and elevate the client experience.
- This initiative aims to deliver measurable value to shareholders through cost optimization and scalable growth.
- The consulting engagement will focus on Automation & AI, Workflow Orchestration, Data-Driven Insights, Client Experience Optimization, Core System Integration, and Sustainable Change Management.
- The program is expected to deliver operational improvements within the first year, including reduced operating expenses and increased capacity for revenue-generating opportunities.
- As of June 30, 2025, Kearny Financial Corp. reported approximately $7.7 billion in total assets.
Sep 30, 2025, 6:38 PM
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more