secwatch.observer — SEC 8-K summary
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Issuer:     Kearny Financial Corp. (KRNY)
CIK:        0001617242
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001617242-23-000079
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kearny Financial reports Q1 fiscal 2024 net income $9.8M, EPS $0.16; declares $0.11 dividend
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1617242/000161724223000079/0001617242-23-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1617242/000161724223000079/krny-20231026.htm
  HTML page:      https://secwatch.observer/filing/0001617242-23-000079

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