secwatch.observer — SEC 8-K summary
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Issuer:     Kearny Financial Corp. (KRNY)
CIK:        0001617242
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001617242-24-000027
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1617242/000161724224000027/0001617242-24-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1617242/000161724224000027/krny-20240425.htm
  HTML page:      https://secwatch.observer/filing/0001617242-24-000027

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