Kearny Financial(US:KRNY)2025-10-21 14:00Company Overview - Kearny Financial Corp (KRNY) has total assets of $7.7 billion[19], total loans of $5.8 billion[19], total deposits of $5.7 billion[19], and total capital of $0.7 billion[19] - The company's market capitalization is $425.3 million[19] and the tangible book value (TBV) per share is $9.77[19] - The company operates 43 full-service branches across 12 counties in New Jersey and the New York metro area, with plans to consolidate three branches to 40 by October 2025[23] Financial Performance - The company experienced growth in net interest income throughout fiscal year 2025, increasing from $32.446 million in Q1 to $35.843 million in Q4[33] - Net income also increased from $6.092 million in Q1 to $9.941 million in Q4[35] - The net interest margin improved from 1.80% in Q1 to 2.00% in Q4[33] Credit Risk Management - The company's cumulative charge-offs between 2006 and 2025 totaled $39.8 million[38] - The company maintained an average annual net charge-off rate of nine basis points between 2006 and 2025, compared to 48 basis points for all commercial banks (US banks not among the top 100)[38] Strategic Initiatives - The company aims to deepen client relationships through personalized cross-selling and targeted digital outreach[41] - The company intends to build a stable, low-cost funding base to reduce reliance on higher-cost alternatives[43] - The company plans to expand into new and adjacent markets to diversify lending opportunities[45] Operational Efficiency - The company is deploying real-time KPI dashboards for advanced performance tracking[49] - The company is automating workflows with RPA and AI and unifying processes via top automation platforms[53] Kearny Investment Services - Kearny Investment Services has generated $8.7 million in gross revenue since inception[55] - The investment services team manages $369 million in assets under administration[55]