Kearny Financial Corp. has shown recent improvements in net income and offers a reliable dividend, but its long-term stock performance has been disappointing. The bank's cautious approach to real estate exposure and solid balance sheet stability contribute to its risk management and asset quality. Despite a 17.2% growth in adjusted operating earnings, KRNY's stock price decline suggests investor skepticism about the bank's long-term gains.
| Banks Industry | Financials Sector | Craig L. Montanaro CEO | NASDAQ (NGS) Exchange | 48716P108 CUSIP |
| US Country | 552 Employees | 5 Nov 2025 Last Dividend | 15 May 2015 Last Split | 24 Feb 2005 IPO Date |
Kearny Financial Corp. stands as the parent entity for Kearny Bank, a comprehensive banking institution serving customers across the United States. With a rich history dating back to 1884, the company has cemented its presence in the banking sector, providing a wide array of banking products and services tailored to meet the needs of its clients. Headquartered in Fairfield, New Jersey, Kearny Financial Corp. has grown to establish a solid reputation for delivering reliable banking solutions, underpinned by a commitment to customer satisfaction and financial integrity.
Kearny Bank offers a diverse range of deposit products designed to suit the varying needs of its clients. This includes interest-bearing and non-interest-bearing checking accounts, providing flexibility and ease of access for day-to-day transactions. Money market deposit accounts offer the dual benefits of higher interest rates and liquidity, while savings accounts cater to the needs of clients looking to accrue interest over time on their deposits. For those looking for fixed-term investment options, certificates of deposit accounts are also available, offering guaranteed returns over specified periods.
The bank's expansive loan portfolio addresses both personal and business financing requirements. This includes multi-family and nonresidential real estate mortgage loans tailored for investors and developers, and commercial term loans and lines of credit designed to support business operations and growth initiatives. For residential buyers, one- to four-family residential mortgage loans are available, along with home equity loans and lines of credit for homeowners seeking to leverage the equity in their properties. Additionally, Kearny Bank provides construction loans for the development of multi-family residential buildings and commercial real estate, as well as for the renovation of one- to four-family residences. Overdraft lines of credit and personal loans are also offered to meet the diverse financial needs of individuals.
Beyond its core banking services, Kearny Financial Corp. engages in various investment activities. These ventures demonstrate the company's commitment to diversifying its revenue streams and enhancing the value it delivers to its shareholders. By strategically investing in different financial instruments and markets, Kearny Financial Corp. seeks to fortify its financial standing and ensure sustainable growth.