{"id":984183,"date":"2026-07-23T12:59:45","date_gmt":"2026-07-23T16:59:45","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/kearny-financial-corp-announces-fourth-quarter-and-fiscal-year-end-2026-results-and-declaration-of-0-11-per-share-cash-dividend\/"},"modified":"2026-07-23T12:59:45","modified_gmt":"2026-07-23T16:59:45","slug":"kearny-financial-corp-announces-fourth-quarter-and-fiscal-year-end-2026-results-and-declaration-of-0-11-per-share-cash-dividend","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/kearny-financial-corp-announces-fourth-quarter-and-fiscal-year-end-2026-results-and-declaration-of-0-11-per-share-cash-dividend\/","title":{"rendered":"Kearny Financial Corp. Announces Fourth Quarter and Fiscal Year End 2026 Results and Declaration of $0.11 Per Share Cash Dividend"},"content":{"rendered":"
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FAIRFIELD, N.J., July 23, 2026 (GLOBE NEWSWIRE) — Kearny Financial Corp. (NASDAQ GS: KRNY) (the \u201cCompany\u201d), the holding company of Kearny Bank (the \u201cBank\u201d), reported net income for the quarter ended June 30, 2026 of $7.2 million, or $0.11 per diluted share, compared to $10.1 million, or $0.16 per diluted share, for the quarter ended March 31, 2026. For the fiscal year ended June 30, 2026, the Company reported net income of $36.3 million, or $0.57 per diluted share, compared to $26.1 million, or $0.42 per diluted share, for the fiscal year ended June 30, 2025.<\/p>\n

As explained in additional detail below, net income for the quarter ended June\u00a030, 2026 was impacted by various non-recurring items, including a $1.6 million discrete tax charge, $745,000 of severance expense, and $262,000 of other real estate owned (\u201cOREO\u201d) acquisition expense.<\/p>\n

The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.11 per share, payable on August\u00a026, 2026, to stockholders of record as of August\u00a012, 2026.<\/p>\n

Craig L. Montanaro, President and Chief Executive Officer, commented, \u201cI am pleased to report our fiscal 2026 performance, which reflected a 39% increase in net income compared to the prior fiscal year, continued expansion of our net interest margin, and growth in both loans and deposits. Fiscal 2026 was a year of meaningful progress and reflected the successful execution of our strategic plan, including the continued remixing of our balance sheet, enhanced operational efficiency, and our focus on building deeper commercial banking relationships.\u201d<\/p>\n

Mr. Montanaro continued, \u201cDuring the fiscal year, we invested in growth initiatives across commercial banking, treasury management, and technology. We added experienced banking talent and expanded capabilities designed to deepen commercial client relationships and support loan and deposit growth. These investments are strengthening our ability to attract high-quality commercial relationships and further our evolution into a commercially focused banking franchise.\u201d<\/p>\n

Mr. Montanaro concluded, \u201cAs we enter fiscal 2027, we remain focused on executing our strategic plan through organic growth, operational excellence, and the continued enhancement of the client experience. We believe the investments we have made in talent, technology, and operating efficiency, coupled with tailwinds from low-coupon loan repricing, position us well to continue delivering sustainable earnings growth and long-term value for our shareholders.\u201d<\/p>\n

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\n Strategic Achievements<\/u>
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