---
schema_version: "secwatch.filing_event.v1"
accession: "0001617242-22-000009"
form_type: "8-K"
ticker: "KRNY"
cik: "0001617242"
company_name: "Kearny Financial Corp."
filed_at: "2022-12-08T23:59:59+00:00"
generated_at: "2026-06-21T07:33:29.077166+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Kearny Financial completes $121.4M securities restructuring, targets 5-10% expense reduction

## Summary
- Sold $121.4M lower-yielding available-for-sale debt securities with estimated after-tax loss of ~$11.0M.
- Proceeds reinvested in securities yielding 440 bps higher; also purchased $100M debt funded by wholesale borrowings yielding 216 bps spread.
- Adopted company-wide operating efficiency initiative targeting 5-10% annualized reduction in operating expenses.
- Actions include vendor spend optimization, automation, outsourcing, and workforce realignment.

## SEC filing metadata
- accession: 0001617242-22-000009
- form_type: 8-K
- ticker: KRNY
- cik: 0001617242
- company_name: Kearny Financial Corp.
- filed_at: 2022-12-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1617242/000161724222000009/0001617242-22-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1617242/000161724222000009/krny-20221208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001617242-22-000009
- JSON: https://secwatch.observer/filing/0001617242-22-000009.json
- Plain text: https://secwatch.observer/filing/0001617242-22-000009.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.