Kearny Financial Corp
For the period ended Mar 31, 2025. Filed May 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 7, 2025
KRNY$9.28+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
(In Thousands, Except Share and Per Share Data)
| March 31,2025 | June 30,2024 | |
|---|---|---|
| (Unaudited) | ||
| Assets | ||
| Cash and amounts due from depository institutions | $17,455 | $17,201 |
| Interest-bearing deposits in other banks | 108,640 | 46,663 |
| Cash and cash equivalents | 126,095 | 63,864 |
| Investment securities available for sale (amortized cost of $1,116,087 and $1,203,506, respectively) | 1,003,393 | 1,072,833 |
| Investment securities held to maturity (fair value of $110,850 and $119,278, respectively) | 124,859 | 135,742 |
| Loans held-for-sale | 6,187 | 6,036 |
| Loans receivable | 5,846,175 | 5,732,787 |
| Less: allowance for credit losses on loans | (44,455) | (44,939) |
| Net loans receivable | 5,801,720 | 5,687,848 |
| Premises and equipment | 44,192 | 44,940 |
| Federal Home Loan Bank (“FHLB”) of New York stock | 62,261 | 80,300 |
| Accrued interest receivable | 28,521 | 29,521 |
| Goodwill | 113,525 | 113,525 |
| Core deposit intangibles | 1,554 | 1,931 |
| Bank owned life insurance | 303,629 | 297,874 |
| Deferred income tax assets, net | 52,913 | 50,339 |
| Other assets | 64,292 | 98,708 |
| Total Assets | $7,733,141 | $7,683,461 |
| Liabilities and Stockholders' Equity | ||
| Liabilities | ||
| Deposits: | ||
| Non-interest-bearing | $587,118 | $598,366 |
| Interest-bearing | 5,120,230 | 4,559,757 |
| Total deposits | 5,707,348 | 5,158,123 |
| Borrowings | 1,213,976 | 1,709,789 |
| Advance payments by borrowers for taxes | 19,981 | 17,409 |
| Other liabilities | 43,723 | 44,569 |
| Total Liabilities | 6,985,028 | 6,929,890 |
| Stockholders' Equity | ||
| Preferred stock, $0.01 par value, 100,000,000 shares authorized; none issued and outstanding | — | — |
| Common stock, $0.01 par value; 800,000,000 shares authorized; 64,579,683 shares and 64,434,424 shares issued and outstanding, respectively | 646 | 644 |
| Paid-in capital | 494,131 | 493,680 |
| Retained earnings | 341,921 | 343,326 |
| Unearned employee stock ownership plan shares; 2,006,979 shares and 2,157,501 shares, respectively | (19,457) | (20,916) |
| Accumulated other comprehensive loss | (69,128) | (63,163) |
| Total Stockholders' Equity | 748,113 | 753,571 |
| Total Liabilities and Stockholders' Equity | $7,733,141 | $7,683,461 |
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