---
schema_version: "secwatch.filing_event.v1"
accession: "0001617242-23-000006"
form_type: "8-K"
ticker: "KRNY"
cik: "0001617242"
company_name: "Kearny Financial Corp."
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T08:15:44.941834+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Kearny Financial Q2 net income drops 88% to $2.0M on securities loss; dividend unchanged

## Summary
- Net income $2.0M ($0.03 EPS) vs $16.5M ($0.25 EPS) prior quarter; after-tax loss $10.8M on securities sale.
- Net interest margin fell 31bps to 2.38%; loans grew 5.8% but deposits declined 2.2%; borrowings surged $532M.
- Declared $0.11 quarterly dividend payable Feb 22; repurchased 549,800 shares at $10.45 avg.
- Non-performing assets decreased to $62.6M (0.76% of assets); provision for credit losses $1.7M.
- Operating efficiency initiative targeting 5-10% annual expense reduction; $757K severance in quarter.

## SEC filing metadata
- accession: 0001617242-23-000006
- form_type: 8-K
- ticker: KRNY
- cik: 0001617242
- company_name: Kearny Financial Corp.
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1617242/000161724223000006/0001617242-23-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1617242/000161724223000006/krny-20230126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001617242-23-000006
- JSON: https://secwatch.observer/filing/0001617242-23-000006.json
- Plain text: https://secwatch.observer/filing/0001617242-23-000006.txt

## Key facts
- Earnings Releases
  Kearny Financial Corp. reported the quarter ended December 31, 2022 results: net income $2.0 million, EPS $0.03 per diluted share.
  - Period: the quarter ended December 31, 2022
  - Net income: $2.0 million
  - EPS: $0.03 per diluted share
  - Result: reported results
  source text: Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported net income for the quarter ended December 31, 2022 of $2.0 million, or $0.03 per diluted share, compared to $16.5 million, or $0.25 per diluted share, for the quarter ended September 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1617242/000161724223000006/0001617242-23-000006-index.htm

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