earnings
confidence high
sentiment neutral
materiality 0.60
Kearny Financial Q1 fiscal 2025 net income $6.1M ($0.10 EPS) vs prior Q4 net loss; dividend $0.11
Kearny Financial Corp.
2025-Q1 EPS reported
$0.10
- Net income of $6.1M ($0.10 diluted EPS) for Sep 30, 2024 quarter vs GAAP net loss of $90.1M ($1.45 loss) prior quarter (including $95.3M goodwill impairment).
- Net interest margin contracted 4 bps to 1.80%; CEO cites inflection point with monthly NIM increases and benefit from 50 bps Fed cut.
- Total assets $7.77B (+$88.9M); deposits up $312.4M to $5.47B; borrowings down $229.9M to $1.48B; non-performing assets stable at $39.9M (0.51% of assets).
- Quarterly cash dividend of $0.11 per share declared, payable Nov 20, 2024 to holders of record Nov 6, 2024.