Kearny Financial Corp. (KRNY) Income Statement Analysis

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Complete financial analysis of Kearny Financial Corp. (KRNY) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Kearny Financial Corp., a leading company in the Banks – Regional industry within the Financial Services sector.

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Kearny Financial Corp. (KRNY)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.kearnybank.com

About Kearny Financial Corp.

Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States. The company offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts. It also provides various loans, such as multi-family and nonresidential real estate mortgage loans, commercial term loans and lines of credit, one- to four-family first mortgage loans, and home equity loans and lines of credit; loans to individuals for the construction or renovation of one- to four-family residences, or for the construction of commercial real estate or multi-family residential buildings; overdraft lines of credit; and personal loans. In addition, the company engages in investment activities. As of August 18, 2021, it operated a total of 48 branch offices located throughout northern and central New Jersey and Brooklyn and Staten Island, New York. The company was founded in 1884 and is headquartered in Fairfield, New Jersey.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Revenue	140.60M	178.62M	210.54M	206.21M	169.07M	168.87M	134.56M	113.92M	105.71M	88.55M	81.94M	82.65M	72.33M	72.94M	59.49M	53.71M	48.89M	47.58M	54.00M	61.52M	48.11M	53.64M	53.48M	0.00
Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-1.52M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	140.60M	178.62M	210.54M	206.21M	169.07M	168.87M	134.56M	113.92M	105.71M	88.55M	81.94M	82.65M	72.33M	72.94M	59.49M	55.23M	48.89M	47.58M	54.00M	61.52M	48.11M	53.64M	53.48M	0.00
Gross Profit Ratio	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	102.83%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	0.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	76.71M	82.09M	80.85M	73.73M	65.38M	67.85M	58.37M	51.13M	45.63M	42.49M	38.75M	38.27M	36.45M	34.57M	30.46M	29.51M	24.68M	27.55M	27.79M	22.23M	17.94M	18.40M	16.39M	0.00
Selling & Marketing	1.40M	2.12M	2.06M	2.16M	2.79M	3.05M	2.96M	2.63M	2.02M	1.21M	1.26M	1.00M	1.10M	1.02M	907.00K	900.00K	858.00K	1.50M	1.47M	1.18M	861.00K	861.00K	642.00K	0.00
SG&A	78.10M	84.21M	82.91M	75.89M	68.17M	70.90M	61.33M	53.76M	47.65M	43.69M	40.01M	39.27M	37.55M	35.58M	31.36M	30.41M	25.54M	29.05M	29.26M	23.41M	18.80M	19.26M	17.04M	0.00
Other Expenses	62.50M	-210.45M	-19.44M	-197.61M	-179.99M	-101.68M	-111.75M	-16.93M	-15.10M	0.00	-85.56M	-91.16M	-73.65M	-64.17M	-42.75M	-30.45M	-16.04M	-24.01M	-32.73M	-27.91M	-16.17M	-18.92M	8.34M	0.00
Operating Expenses	140.60M	-126.24M	2.06M	-121.71M	-111.82M	-30.78M	-50.42M	2.63M	2.02M	1.21M	-45.54M	-51.89M	-36.10M	-28.59M	-11.39M	-39.00K	9.50M	5.04M	-3.47M	-4.51M	2.63M	343.00K	25.38M	0.00
Cost & Expenses	140.60M	-126.24M	2.06M	-121.71M	-111.82M	-30.78M	-50.42M	2.63M	2.02M	1.21M	-45.54M	-51.89M	-36.10M	-28.59M	-11.39M	-1.52M	9.50M	5.04M	-3.47M	-4.51M	2.63M	343.00K	25.38M	0.00
Interest Income	328.87M	293.72M	226.27M	234.36M	233.21M	237.33M	171.43M	139.09M	126.89M	106.04M	95.82M	88.26M	98.55M	100.38M	93.11M	97.91M	97.37M	95.56M	89.32M	82.44M	78.65M	96.49M	106.16M	0.00
Interest Expense	186.27M	117.86M	29.67M	49.85M	83.85M	82.02M	50.14M	36.52M	31.90M	25.43M	22.00M	22.00M	28.37M	32.22M	36.32M	44.20M	50.53M	50.47M	38.65M	30.42M	32.10M	44.70M	54.44M	0.00
Depreciation & Amortization	5.26M	6.30M	6.66M	6.84M	5.81M	5.46M	3.59M	2.98M	3.16M	3.14M	2.77M	2.75M	2.82M	2.31M	1.77M	1.81M	3.16M	3.52M	2.53M	2.19M	1.95M	1.92M	4.12M	0.00
EBITDA	0.00	58.68M	99.00M	91.34M	63.06M	61.53M	37.59M	30.40M	25.76M	0.00	17.17M	11.50M	0.00	0.00	0.00	0.00	0.00	0.00	-1.03M	26.59M	0.00	0.00	0.00	0.00
EBITDA Ratio	0.00%	29.32%	61.12%	44.29%	37.30%	85.00%	65.20%	58.74%	54.55%	37.18%	47.80%	40.54%	53.98%	63.98%	83.82%	106.12%	125.89%	117.98%	98.26%	96.22%	109.51%	104.21%	155.15%	0.00%
Operating Income	0.00	52.38M	122.02M	84.50M	57.25M	138.09M	84.14M	63.94M	54.51M	29.79M	36.40M	30.76M	36.22M	44.35M	48.10M	55.19M	58.38M	52.62M	50.53M	57.01M	50.74M	53.99M	78.86M	0.00
Operating Income Ratio	0.00%	29.32%	57.95%	40.98%	33.86%	81.77%	62.53%	56.13%	51.56%	33.64%	44.42%	37.22%	50.08%	60.81%	80.85%	102.76%	119.42%	110.59%	93.57%	92.67%	105.46%	100.64%	147.44%	0.00%
Total Other Income/Expenses	-80.78M	0.00	0.00	-5.15M	-3.11M	0.00	-6.74M	0.00	0.00	-10.00M	-391.00K	-8.69M	-31.19M	-3.47M	-579.00K	-714.00K	-659.00K	-352.00K	0.00	-2.19M	-32.10M	-44.70M	-54.44M	0.00
Income Before Tax	-80.78M	52.38M	92.35M	84.50M	57.25M	56.07M	34.00M	27.42M	22.61M	4.36M	14.41M	8.76M	7.85M	12.23M	11.78M	10.99M	7.86M	2.16M	11.89M	26.59M	18.64M	9.29M	24.42M	0.00
Income Before Tax Ratio	-57.45%	29.32%	43.86%	40.98%	33.86%	33.20%	25.27%	24.07%	21.38%	4.92%	17.58%	10.59%	10.86%	16.77%	19.79%	20.46%	16.07%	4.53%	22.01%	43.22%	38.75%	17.32%	45.65%	0.00%
Income Tax Expense	5.89M	11.57M	24.80M	21.26M	12.29M	13.93M	14.40M	8.82M	6.78M	-1.27M	4.22M	2.25M	2.78M	4.33M	4.96M	4.60M	1.95M	221.00K	2.28M	7.69M	5.75M	5.24M	7.93M	0.00
Net Income	-86.67M	40.81M	67.55M	63.23M	44.97M	42.14M	19.60M	18.60M	15.82M	5.63M	10.19M	6.51M	5.08M	7.91M	6.81M	6.39M	5.90M	1.93M	9.61M	18.90M	12.90M	4.06M	16.49M	0.00
Net Income Ratio	-61.64%	22.85%	32.08%	30.66%	26.60%	24.96%	14.56%	16.33%	14.97%	6.36%	12.43%	7.87%	7.02%	10.84%	11.45%	11.90%	12.08%	4.06%	17.79%	30.72%	26.81%	7.56%	30.83%	0.00%
EPS	-1.39	0.63	0.95	0.77	0.55	0.46	0.24	0.22	0.18	0.06	0.12	0.07	0.06	0.09	0.07	0.07	0.07	0.02	0.10	0.24	0.18	0.06	0.23	0.00
EPS Diluted	-1.39	0.63	0.95	0.77	0.55	0.46	0.24	0.22	0.18	0.06	0.12	0.07	0.06	0.09	0.07	0.07	0.07	0.02	0.10	0.24	0.18	0.06	0.23	0.00
Weighted Avg Shares Out	62.44M	64.80M	70.91M	82.39M	82.41M	91.05M	82.59M	84.59M	89.59M	91.72M	90.82M	91.32M	91.79M	92.65M	93.76M	94.02M	94.80M	95.58M	97.88M	80.01M	70.28M	70.28M	70.28M	17.59K
Weighted Avg Shares Out (Dil)	62.44M	64.80M	70.93M	82.39M	82.43M	91.10M	82.64M	84.66M	89.63M	91.84M	90.88M	91.32M	91.79M	92.65M	93.76M	94.18M	94.96M	96.05M	97.98M	80.01M	70.28M	70.28M	70.28M	17.64K

Kearny Financial Management Remains Undeterred By Current Market Environment

September 10, 2023seekingalpha.com

I have been a customer of Kearny Financial since 1999 and have been writing about investing in the company for three years. Seeking Alpha rates the stock as a sell, but I disagree and rate it as a weak buy....

Kearny Financial Corp. Announces Fourth Quarter and Fiscal Year End 2023 Results and Declaration of Cash Dividend

July 27, 2023globenewswire.com

FAIRFIELD, N.J., July 27, 2023 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported net income for the quarter ended June 30, 2023 of $12.0 million, or $0.19 per diluted...