secwatch.observer — SEC 8-K summary
======================================

Issuer:     Kearny Financial Corp. (KRNY)
CIK:        0001617242
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001617242-24-000006
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1617242/000161724224000006/0001617242-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1617242/000161724224000006/krny-20240125.htm
  HTML page:      https://secwatch.observer/filing/0001617242-24-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer