Kearny Financial reports Q3 net income $7.4M ($0.12 EPS) vs prior quarter loss; dividend $0.11

Kearny Financial Corp.

2024-Q3 EPS reported $0.06

Net income $7.4M ($0.12 diluted EPS) vs net loss $13.8M (-$0.22) in prior quarter (Dec 31, 2023).
Net interest margin contracted 5bp to 1.89%; net interest income down $1.5M to $34.3M.
Non-interest income swung to $4.2M from -$16.0M due to absence of securities repositioning loss.
Non-performing assets declined 20% to $39.5M (0.50% of assets); sold three nonperforming CRE loans.
Declared $0.11 quarterly cash dividend, payable May 22 to holders of record May 8, 2024.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Kearny Financial Corp. reported the quarter ended March 31, 2024 results: net income $7.4 million, EPS $0.12 per diluted share.

Period: the quarter ended March 31, 2024
Net income: $7.4 million
EPS: $0.12 per diluted share
Result: reported results

Exact text from the filing

Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported net income for the quarter ended March 31, 2024 of $7.4 million, or $0.12 per diluted share, compared to a net loss of $13.8 million, or $0.22 per diluted share, for the quarter ended December 31, 2023.

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Source: SEC EDGAR

accession 0001617242-24-000027

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