secwatch.observer — SEC 8-K summary
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Issuer:     Kearny Financial Corp. (KRNY)
CIK:        0001617242
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001617242-23-000018
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1617242/000161724223000018/0001617242-23-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1617242/000161724223000018/krny-20230427.htm
  HTML page:      https://secwatch.observer/filing/0001617242-23-000018

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