---
schema_version: "secwatch.filing_event.v1"
accession: "0001617242-24-000006"
form_type: "8-K"
ticker: "KRNY"
cik: "0001617242"
company_name: "Kearny Financial Corp."
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T18:20:11.283656+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Kearny Financial reports Q2 FY2024 net loss of $9.0M; NIM contracts to 1.94%

## Summary
- Net loss of $9.0M ($0.14 diluted EPS) vs net income of $9.8M ($0.16) in prior quarter.
- Net interest margin fell 16 bps to 1.94%; net interest income decreased $3.3M to $35.8M.
- Non-interest income swung to a loss of $11.2M, driven by $18.1M pre-tax loss on securities repositioning.
- Deposits decreased $114.5M (2.1%) to $5.32B; ex-brokered CDs, deposits increased $40.0M (0.8%).
- Dividend maintained at $0.11 per share payable Feb 21; book value up $0.19 to $13.23 per share.

## SEC filing metadata
- accession: 0001617242-24-000006
- form_type: 8-K
- ticker: KRNY
- cik: 0001617242
- company_name: Kearny Financial Corp.
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1617242/000161724224000006/0001617242-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1617242/000161724224000006/krny-20240125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001617242-24-000006
- JSON: https://secwatch.observer/filing/0001617242-24-000006.json
- Plain text: https://secwatch.observer/filing/0001617242-24-000006.txt

## Key facts
- Earnings Releases
  Kearny Financial Corp. reported the quarter ended December 31, 2023 results: net income net loss for the quarter ended December 31, 2023 of $9.0 million, EPS $0.14 per diluted share.
  - Period: the quarter ended December 31, 2023
  - Net income: net loss for the quarter ended December 31, 2023 of $9.0 million
  - EPS: $0.14 per diluted share
  - Result: reported results
  source text: Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported a net loss for the quarter ended December 31, 2023 of $9.0 million, or $0.14 per diluted share, compared to net income of $9.8 million, or $0.16 per diluted share, for the quarter ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1617242/000161724224000006/0001617242-24-000006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.