secwatch.observer — SEC 8-K summary
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Issuer:     Kearny Financial Corp. (KRNY)
CIK:        0001617242
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0001617242-24-000081
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kearny Financial Q1 fiscal 2025 net income $6.1M ($0.10 EPS) vs prior Q4 net loss; dividend $0.11
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1617242/000161724224000081/0001617242-24-000081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1617242/000161724224000081/krny-20241024.htm
  HTML page:      https://secwatch.observer/filing/0001617242-24-000081

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