Kearny Financial Q3 net income $10.3M vs $2.0M prior quarter; deposits down 2.8%

Kearny Financial Corp.

2023-Q3 EPS reported $0.44 revenue$2,407,000

Net income $10.3M ($0.16 diluted EPS) vs $2.0M ($0.03) in prior quarter; improvement driven by absence of $15.2M securities loss.
Net interest margin compressed 18 bps to 2.20%; net interest income fell $2.4M to $42.4M.
Deposits decreased $168M (2.8%) to $5.80B; uninsured deposits at 12.2% of total excluding collateralized.
Non-interest expense down $2.3M to $30.4M; efficiency ratio improved to 68.96% from 89.93%.
Board declares $0.11 per share quarterly dividend, payable May 24 to holders of record May 10.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Kearny Financial Corp. reported the quarter ended March 31, 2023 results: net income $10.3 million, EPS $0.16 per diluted share.

Period: the quarter ended March 31, 2023
Net income: $10.3 million
EPS: $0.16 per diluted share
Result: reported results

Exact text from the filing

Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported net income for the quarter ended March 31, 2023 of $10.3 million, or $0.16 per diluted share

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Source: SEC EDGAR

accession 0001617242-23-000018

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