Kearny Financial Q1 net income jumps 40% as margins expand
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Kearny Financial reported a 40% increase in Q1 net income, reaching $9.5 million, up from $6.8 million in the previous quarter. Net interest income rose by 5.2% to $37.7 million, aided by margin expansion. The company is focusing on efficiency through automation and branch consolidations. Analysts maintain a "buy" rating on the stock, with a median 12-month price target of $7.25, reflecting a potential upside from its recent closing price of $6.71.
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