earnings
confidence high
sentiment negative
materiality 0.65
Kearny Financial reports Q1 fiscal 2024 net income $9.8M, EPS $0.16; declares $0.11 dividend
Kearny Financial Corp.
2024-Q1 EPS reported
$0.16
- Net income of $9.8M ($0.16 diluted EPS) vs $12.0M ($0.19) prior quarter; net interest margin 2.10%.
- Quarterly cash dividend of $0.11/share declared, payable Nov 22, 2023 to record Nov 8, 2023.
- Total assets down $89.9M to $7.97B; deposits decreased $195.0M (3.5%) while borrowings rose $120.1M.
- Repurchased 817,607 shares at $7.84/share for $6.4M during the quarter.
- Non-performing assets down $4.7M to $50.9M (0.64% of total assets); capital ratios remain well-capitalized.