Kearny Financial Corp. (NASDAQ GS: KRNY) reported financial results for the period ended September 30, 2026, and announced a quarterly cash dividend. The company reported net income of $10.0 million for the quarter, or $0.16 per diluted share, compared to $7.2 million, or $0.11 per diluted share, for the prior quarter ended June 30, 2026. This represents a 40.0% increase in net income.
The company’s Board of Directors declared a quarterly cash dividend of $0.11 per share. This dividend is payable on November 18, 2026, to stockholders of record as of November 4, 2026.
Key balance sheet metrics for the quarter ended September 30, 2026, include total assets of $7.78 billion, an increase of $95.7 million, or 1.2%, from the prior quarter. Total loans receivable were $5.98 billion, an increase of $105.1 million, or 1.8%, while total deposits grew to $5.83 billion, an increase of $123.9 million, or 2.2%.
On the earnings front, net interest income decreased by $294,000 to $40.1 million, while non-interest income decreased by $110,000 to $5.2 million. Non-interest expense decreased by $2.1 million to $31.8 million. The company’s net interest margin was 2.23% for the quarter, a decrease of three basis points from the prior quarter.
Asset quality metrics showed that the balance of non-performing assets increased to $56.6 million, or 0.73% of total assets. The allowance for credit losses was $46.0 million, or 0.77% of total loans. The company recorded a provision for credit losses of $830,000 for the quarter.
Regarding capital, book value per share decreased by $0.20 to $11.64, and tangible book value per share decreased by $0.19 to $9.88. The company’s regulatory capital ratios remain in excess of all applicable requirements.
