Kearny Financial | 8-K: FY2026 Q1 Revenue: USD 43.55 M

Revenue: As of FY2026 Q1, the actual value is USD 43.55 M.

EPS: As of FY2026 Q1, the actual value is USD 0.15, beating the estimate of USD 0.145.

EBIT: As of FY2026 Q1, the actual value is USD -25.82 M.

Net income for the quarter ended September 30, 2025 was $9.5 million, or $0.15 per diluted share, compared to $6.8 million, or $0.11 per diluted share, for the quarter ended June 30, 2025.
Net income for the first quarter of fiscal 2026 was $9.5 million, representing a 40% increase quarter-over-quarter.

Net interest margin expanded by 10 basis points to 2.10% for the quarter ended September 30, 2025. Net interest income increased $1.9 million to $37.7 million from $35.8 million for the quarter ended June 30, 2025.
Net interest income increased to $37.7 million, with a net interest margin of 2.10%, up 10 basis points from the previous quarter.

Non-interest income increased $856,000, or 17.2%, to $5.8 million from $5.0 million for the quarter ended June 30, 2025. This increase was primarily driven by a non-recurring pre-tax gain of $749,000 on the sale of property held for sale.

Non-interest expense increased $773,000, or 2.5%, to $31.7 million from $30.9 million for the quarter ended June 30, 2025. This increase was primarily driven by increases in salary and benefits and net occupancy expenses.

Operating cash flow for the nine months ended September 30, 2025 was - $74,652,655.

Total assets were $7.65 billion at September 30, 2025, a decrease of $92.4 million, or 1.2%, from June 30, 2025. Loans receivable totaled $5.77 billion, a decrease of $45.5 million, or 0.8%, from June 30, 2025. Deposits were $5.63 billion at September 30, 2025, a decrease of $43.3 million, or 0.8%, from June 30, 2025. Borrowings were $1.21 billion at September 30, 2025, a decrease of $50.0 million, or 4.0%, from June 30, 2025.

The balance of non-performing assets increased to $64.6 million, or 0.84% of total assets, at September 30, 2025 from $45.6 million, or 0.59% of total assets, at June 30, 2025.
The allowance for credit losses was $45.1 million, with non-performing loans totaling $64.6 million. Excluding a single loan under collection, the non-performing loan ratio declines to 0.58%.

Book value per share increased $0.08, or 0.7%, to $11.63 while tangible book value per share increased $0.09, or 0.9%, to $9.86.
The Common Equity Tier 1 (CET-1) ratio was 14.59%, and the company maintained a well-capitalized status with significant contingent liquidity of $2.54 billion.

The Company’s Board of Directors announced a quarterly cash dividend of $0.11 per share, payable on November 19, 2025 to stockholders of record as of November 5, 2025.
The quarterly cash dividend was maintained at $0.11 per share, with a robust dividend yield of 6.70%.

Construction loans increased by 27% annualized, and commercial and industrial (C&I) loans rose by 10% annualized, supporting margin and earnings growth.

Craig L. Montanaro, President and Chief Executive Officer, commented that the company is positioned well for sustained performance in the quarters ahead due to proactive balance sheet management and expected reductions in the federal funds rate. The company has advanced several key initiatives designed to enhance operational efficiency and drive shareholder value.
Kearny Financial Corp. anticipates continued margin expansion and earnings growth through strategic loan portfolio repositioning and partnerships aimed at enhancing client experience and scaling revenue efficiently.