Kearny Financial Corp KRNY

FinancialsBanking ServicesUnited States of America

Last close 9.36 USD on Nov 2, 2026, +31.3% year to date

Quant rating

Quant rating B Rank 270 of 799 in Financials

Growth B 261 of 799
Valuation B 223 of 799
Quality C 486 of 799
Revisions B 204 of 799
Momentum C 385 of 799

Wall Street consensus Buy (2.33)Average target 10.50 USD +12.2%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 608M
Enterprise value: 1.6B
52-week range: 6.23 – 10.23
3-year range: 5.37 – 10.23
Dividend yield: 4.82%
Beta (5 years): 0.59
Shares outstanding: 64.9M
Next earnings: Jan 20, 2027

About the company

Kearny Financial Corp. is a holding company for Kearny Bank (the Bank). The Bank is a New Jersey-chartered savings bank. The Bank is principally engaged in the business of attracting deposits from the general public and using these deposits, together with other funds, to originate or purchase loans for its portfolio and for sale on the secondary market. Its loan portfolio is comprised of multi-family mortgage loans, non-residential mortgage loans, commercial business loans, construction loans, one-to-four-family residential mortgage loans, home equity loans and other consumer loans. The Company also maintains a portfolio of investment securities, primarily comprised of the United States agency mortgage-backed securities, obligations of state and political subdivisions, corporate bonds, asset-backed securities, and collateralized loan obligations. The Bank has a total of 43 retail branch offices located throughout northern and central New Jersey and Brooklyn and Staten Island, New York.

Growth and profitability fiscal year ends June 30

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	324	324	329	294	226	–
Revenue growth	−0.1%	−1.3%	12.0%	29.8%	−5.0%	6.4%
EPS (basic, normalized)	0.58	0.42	−0.37	0.63	0.96	–
EPS growth	38.3%	–	–	−34.2%	19.1%	−6.4%
Gross margin	–	–	–	–	–	–
Net margin	11.2%	8.0%	−26.4%	13.9%	29.9%	7.3%
ROE	4.8%	3.5%	−10.5%	4.7%	7.0%	1.9%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Tier 1 risk-adjusted capital ratio	14.3%
Long-term debt (mil)	1,135
Net debt (mil)	–
Total equity (mil)	756
Net debt / equity	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2026 actual	324	−0.1%	5.0x	11.84	+1.5%	0.8x	0.57	+35.7%	16.4x
2027	175	−46.2%	9.3x	12.06	+1.9%	0.8x	0.79	+38.0%	11.9x
2028	165	−5.5%	9.9x	12.52	+3.8%	0.7x	0.99	+26.5%	9.4x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	175	−4.5%	−0.3%	+1.4%	0.79	0.0%	−0.4%	+0.2%
2028	165	−20.5%	−15.5%	–	0.99	0.0%	−0.5%	−0.5%
2029	–	–	–	–	–	–	–	–

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	37.8	39.1	32.4	32.6	34.0	35.8	37.7	38.0	39.2	40.4
Sales mean (mil)	34.4	33.5	32.8	33.8	36.4	35.9	37.4	39.2	38.4	42.5
Surprise	+9.9%	+16.6%	−1.1%	−3.6%	−6.5%	−0.1%	+0.7%	−3.0%	+2.1%	−5.1%
EPS reported	0.12	−1.45	0.10	0.10	0.11	0.11	0.15	0.15	0.16	0.11
EPS mean	0.10	0.09	0.09	0.10	0.10	0.13	0.16	0.17	0.16	0.17
Surprise	+14.3%	−1,711.1%	+17.6%	−4.8%	+4.8%	−15.4%	−6.2%	−14.3%	0.0%	−33.3%

Peer comparison Banking Services

Peers in the same industry group, by market capitalization
Company	Market cap	Tier 1 ratio	Net margin	Deposits/loans	FY1 P/E	FY2 P/E	FY1 P/B	FY2 P/B
KRNY Kearny Financial Corp	608M	14.3%	11.2%	0.98x	11.9x	9.4x	0.8x	0.7x
CVBF CVB Financial Corp	4.1B	14.7%	35.0%	1.40x	14.9x	11.6x	1.3x	1.2x
SFNC Simmons First National Corporation	3.4B	11.6%	−32.0%	1.17x	11.5x	10.3x	1.0x	0.9x
MCHB Mechanics Bancorp	3.3B	14.4%	32.7%	1.36x	14.4x	12.7x	1.3x	1.3x
BFC Bank First Corp	1.7B	11.3%	32.1%	1.04x	16.3x	14.1x	2.0x	1.8x
ESQ Esquire Financial Holdings Inc	1.5B	14.2%	36.5%	1.19x	17.6x	14.2x	2.1x	1.8x
Mean		13.4%	19.3%	1.19x	14.4x	12.0x	1.4x	1.3x
Median		14.3%	32.4%	1.18x	14.7x	12.1x	1.3x	1.2x

Technical analysis

1M+0.4%
3M−1.3%
1Y+54.8%
3Y+52.2%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Kearny Financial Corp, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Interest income	324	324	329	294	226	238
Total interest expense	169	190	186	118	29.7	49.9
Net interest income	155	135	143	176	197	188
Loan loss provision	1.7	2.4	6.2	2.5	−7.5	−1.1
Net interest income after loan loss provision	154	133	136	173	204	189
Non-interest income	22.8	19.1	−2.0	2.8	13.9	21.0
Non-interest expense	−129	−121	−215	−124	−126	−126
Net income before taxes	47.4	31.0	−80.8	52.4	92.3	84.5
Provision for taxes	11.1	4.9	5.9	11.6	24.8	21.3
Minority interest & equity in affiliates	–	–	–	–	–	–
Other	0	0	0	0	0	0
Net income before extraordinary items	36.3	26.1	−86.7	40.8	67.5	63.2
Extraordinary items	–	–	–	–	–	–
Net income	36.3	26.1	−86.7	40.8	67.5	63.2
Basic weighted average shares (mil)	62.9	62.5	62.4	64.8	70.9	82.4
Diluted weighted average shares (mil)	63.2	62.7	62.4	64.8	70.9	82.4
Basic EPS excluding extraordinary items	0.58	0.42	−1.39	0.63	0.95	0.77
Basic EPS, normalized	0.58	0.42	−0.37	0.63	0.96	0.80

Balance sheet in millions of USD, fiscal years

Balance sheet, Kearny Financial Corp, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & due from banks	18.0	21.9	17.2	21.8	26.1	21.5
Other earning assets	1,548	1,654	1,639	1,797	1,903	2,098
Net loans	5,830	5,767	5,688	5,781	5,371	4,793
Property, plant & equipment	52.4	56.0	59.4	64.4	71.7	73.4
Goodwill	114	114	114	211	211	211
Intangibles	1.0	1.4	1.9	2.5	3.0	3.7
Long-term investments	–	–	–	–	–	–
Other long-term assets	48.7	55.2	50.3	52.0	49.4	29.3
Other assets	70.3	72.2	114	136	85.0	53.9
Total assets	7,682	7,740	7,683	8,065	7,720	7,284
Liabilities
Accounts payable	–	–	–	–	16.7	15.8
Payable/accrued	–	–	–	–	–	–
Accrued expenses	29.3	32.2	32.7	35.5	19.2	17.8
Total deposits	5,710	5,675	5,158	5,629	5,862	5,485
Other bearing liabilities	1,150	1,256	1,610	1,282	651	666
Short-term borrowings	–	0	100	–	–	–
Current portion of long-term debt	–	–	–	–	–	–
Long-term debt	0	0	0	225	250	20.0
Minority interest	–	–	–	–	–	–
Other liabilities	26.6	30.6	29.3	24.0	26.3	36.1
Total liabilities	6,916	6,994	6,930	7,196	6,826	6,241
Shareholders' equity
Preferred stock	0	0	–	–	–	–
Common stock	0.6	0.6	0.6	0.7	0.7	0.8
Additional paid-in capital	496	495	494	503	528	654
Retained earnings (accumulated deficit)	350	342	343	458	445	408
Treasury stock	–	–	–	–	–	–
Other equity	−80.0	−91.0	−84.1	−92.3	−80.5	−20.6
Total equity	767	746	754	869	894	1,043
Total liabilities & shareholders' equity	7,682	7,740	7,683	8,065	7,720	7,284

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Kearny Financial Corp, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	36.3	26.1	−86.7	40.8	67.5	63.2
Depreciation, depletion & amortization	4.5	4.9	5.3	6.3	6.7	6.8
Deferred taxes	2.8	−0.9	−0.9	2.8	5.0	4.2
Non-cash items	1.4	2.7	98.9	−2.7	1.3	−6.4
Changes in working capital	−7.2	−7.9	27.3	22.4	0.8	7.6
Cash from operations	37.7	24.8	44.0	69.5	81.3	75.4
Investing activities
Capital expenditures	−2.5	−3.4	−1.4	−1.4	−2.9	−5.5
Other investing cash flows	13.4	44.5	259	−417	−477	−78.5
Cash from investing	10.9	41.1	258	−418	−480	−84.0
Financing activities
Financing cash flow items	−123	190	−220	398	363	91.4
Cash dividends paid	−27.8	−27.6	−27.6	−28.5	−30.7	−28.6
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	50.0	−125	−61.2	−52.6	100	−167
Cash from financing	−101	37.5	−309	317	432	−105
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	−52.4	103	−6.7	−31.1	33.8	−113
Free cash flow	35.3	21.4	42.6	68.2	78.4	70.0

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.