earnings
confidence high
sentiment neutral
materiality 0.65
Kearny Financial Q4 net income $12.0M ($0.19 EPS); declares $0.11 dividend
Kearny Financial Corp.
2023-FY EPS reported
$0.63
- Net income Q4 $12.0M ($0.19 diluted EPS) vs $10.3M ($0.16) prior quarter; FY net income $40.8M ($0.63) vs $67.5M ($0.95) prior year.
- Net interest margin compressed 9 bps to 2.11%; non-interest expense down 5.2% QoQ to $28.8M.
- Quarterly cash dividend of $0.11 declared, payable Aug 23 to holders of record Aug 9.
- Tangible book value per share $9.96, up 1.7% QoQ; repurchased 812,506 shares at $7.83 avg.
- Non-performing assets fell to $55.6M (0.69% of assets); net charge-offs minimal at $82k.