OverviewSuggest Edit

Kearny Financial Corp. is a holding company for Kearny Bank. The Bank is principally engaged in the business of attracting deposits from the general public in New Jersey and New York and using these deposits, together with other funds, to originate or purchase loans for its portfolio and invest in securities. Its loan portfolio is primarily comprised of loans collateralized by residential and commercial real estate augmented by secured and unsecured loans to businesses and consumers. Kearny Bank also maintains a portfolio of investment securities, primarily comprised of U.S. agency mortgage-backed securities, U.S. government, and agency debentures, bank-qualified municipal obligations, corporate bonds, asset-backed securities and collateralized loan obligations. 

TypePublic
Founded1884
HQFairfield, US
Websitekearnybank.com

Latest Updates

Employees (est.) (Feb 2019)520(+21%)
Revenue (FY, 2018)$184.7 M(+23%)
Share Price (Mar 2019)$13.2

Kearny Financial Office Locations

Kearny Financial has an office in Fairfield
Fairfield, US (HQ)
120 Passaic Ave
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Kearny Financial Financials and Metrics

Kearny Financial Revenue

Kearny Financial's revenue was reported to be $184.69 m in FY, 2018
USD

Revenue (Q2, 2019)

63.3m

Gross profit (Q2, 2019)

42.7m

Gross profit margin (Q2, 2019), %

67.4%

Net income (Q2, 2019)

10.8m

EBIT (Q2, 2019)

38.4m

Market capitalization (15-Mar-2019)

1.2b

Closing stock price (15-Mar-2019)

13.2

Cash (31-Dec-2018)

51.5m
Kearny Financial's current market capitalization is $1.2 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

95.8m114.0m137.6m150.4m184.7m

Cost of goods sold

25.4m31.9m36.5m50.1m

Gross profit

88.5m105.7m113.9m134.6m

Gross profit Margin, %

78%77%76%73%
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

31.9m34.2m35.5m35.4m37.8m37.3m40.7m41.3m42.1m61.4m63.3m

Cost of goods sold

7.1m7.9m8.4m8.8m8.7m8.8m10.8m11.2m11.5m18.0m20.7m

Gross profit

24.8m26.3m27.1m26.7m29.1m28.5m29.9m30.1m30.6m43.4m42.7m

Gross profit Margin, %

78%77%76%75%77%76%73%73%73%71%67%
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Cash

340.1m199.2m78.2m128.9m

Accounts Receivable

2.1b2.6b3.2b4.5b

PP&E

39.2m38.4m39.6m56.2m

Goodwill

108.6m108.6m108.6m210.9m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

10.2m5.6m15.8m18.6m19.6m

Inventories

Accounts Payable

Cash From Operating Activities

8.0m20.5m39.2m38.5m45.1m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

3.0m6.8m10.9m4.7m10.1m14.2m5.2m6.5m11.9m11.1m21.9m

Cash From Operating Activities

5.0m16.8m24.5m5.0m15.4m30.1m5.0m15.0m27.2m13.7m24.7m

Cash From Investing Activities

(296.1m)(406.0m)(485.3m)(151.9m)(258.0m)(338.3m)(28.2m)(53.6m)(152.6m)(161.8m)(210.8m)

Dividends Paid

(1.8m)(3.6m)(5.4m)(1.7m)(3.4m)(5.9m)(2.3m)(14.3m)(16.6m)(3.8m)(23.9m)
USDY, 2018

Financial Leverage

5.7 x
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Kearny Financial Operating Metrics

Kearny Financial's Total Loans was reported to be $3.2b in FY, 2017.
FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017

Bank Branches

42 42 42

Non-accrual Loans

$22.90 m$21.02 m$18.80 m

Non-performing Loans

$22.90 m$21.50 m$21 m$28.30 m$21.06 m$21.80 m$21.60 m$21 m$18.87 m

Total Loans

$2.10 b$2.41 b$2.60 b$2.72 b$2.67 b$2.84 b$2.97 b$3.12 b$3.24 b
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Kearny Financial Online and Social Media Presence

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Kearny Financial News and Updates

Kearny Financial Corp. Announces Authorization for Fourth Stock Repurchase Plan

FAIRFIELD, N.J., March 13, 2019 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company for Kearny Bank, announced today that the Board of Directors has authorized a fourth stock repurchase plan to acquire up to 9,218,324 shares or 10% of the Company’s cur…

Kearny Financial Corp. Reports Second Quarter 2019 Operating Results

FAIRFIELD, N.J., Jan. 30, 2019 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), today reported net income for the quarter ended December 31, 2018 of $10.8 million, or $0.12 per basic and diluted share as compared to net …
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Kearny Financial Frequently Asked Questions

  • When was Kearny Financial founded?

    Kearny Financial was founded in 1884.

  • How many employees does Kearny Financial have?

    Kearny Financial has 520 employees.

  • What is Kearny Financial revenue?

    Latest Kearny Financial annual revenue is $184.7 m.

  • What is Kearny Financial revenue per employee?

    Latest Kearny Financial revenue per employee is $355.2 k.

  • Who are Kearny Financial competitors?

    Competitors of Kearny Financial include Green Bancorp, Fidelity Southern Corporation and MidWestOne Financial Group.

  • Where is Kearny Financial headquarters?

    Kearny Financial headquarters is located at 120 Passaic Ave, Fairfield.

  • Where are Kearny Financial offices?

    Kearny Financial has an office in Fairfield.

  • How many offices does Kearny Financial have?

    Kearny Financial has 1 office.