Kearny Financial
Community bank funding multi-family and commercial-property loans across northern and central New Jersey.
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Profile
Operates a single community-banking business, funding multi-family and commercial real estate loans with deposits gathered across northern and central New Jersey plus Brooklyn and Staten Island. The franchise traces to a mutual savings association founded in 1884 that reached full public ownership in two steps after its 2005 first-step offering.
Operates as a single community-banking business, gathering deposits and originating loans exclusively through its New Jersey-chartered savings-bank subsidiary rather than through separate reporting divisions.
Lending centers on multi-family and commercial real estate mortgages, supplemented by commercial and residential loans, funded largely by retail deposits gathered across roughly 40 branches spanning northern and central New Jersey and the New York boroughs of Brooklyn and Staten Island.
The franchise traces to a mutual savings association founded in 1884 that converted to full public ownership in two steps, the second a decade after its 2005 first-step offering, and has since grown mainly by acquiring other in-market community banks.
A recent balance-sheet repositioning to manage higher interest rates included a non-cash goodwill write-down before profitability recovered, and commercial-property concentration remains the dominant feature of the loan book.
Company facts
Categories
Key statistics
Year to date +33.6% · Average volume (30d) 649.7K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 26, 2026 | Raymond James | Initiate | Outperform | $11 | ||
| Jun 25, 2026 | Piper Sandler | Reiterate | Overweight | $9.50 | $10.50 | |
| Apr 27, 2026 | Piper Sandler | Target | $9 | $9.50 | ||
| Dec 10, 2025 | Piper Sandler | Reiterate | Overweight | $9 | ||
| Jan 6, 2025 | Piper Sandler | Upgrade | Neutral | Overweight |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 23, 2026Q4 FY26 | $0.17 | $0.15 | −9.1% | $45.6M | $45.7M | +0.2% | +3.07% |
| Apr 23, 2026Q3 FY26 | $0.15 | $0.15 | 0.0% | $43.7M | $44.3M | +1.5% | −3.23% |
| Jan 22, 2026Q2 FY26 | $0.16 | $0.15 | −6.3% | $44.8M | $43.5M | −2.9% | −3.70% |
| Oct 23, 2025Q1 FY26 | $0.15 | $0.15 | 0.0% | $44.8M | $43.6M | −2.9% | +1.07% |
Financial highlights
| 12 quarters | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $83.9M | $85.4M | $88.4M | $86.2M | $85.3M | $87.3M | |
| Gross profit | $38.2M | $39.0M | $43.6M | $43.0M | $44.9M | $44.9M | |
| Operating income | $7.8M | $8.2M | $12.0M | $11.8M | $12.6M | $11.0M | |
| Net income | $6.6M | $6.8M | $9.5M | $9.4M | $10.1M | $7.2M | |
| Diluted EPS | $0.11 | $0.11 | $0.15 | $0.15 | $0.16 | $0.11 | |
| Gross margin | 45.6% | 45.7% | 49.4% | 49.8% | 52.7% | 51.4% | |
| Operating margin | 9.4% | 9.6% | 13.5% | 13.7% | 14.8% | 12.6% |
Fiscal years (4-quarter sums)FY22 $240.2M · FY23 $296.5M · FY24 $326.9M · FY25 $343.5M · FY26 $347.1M
Revenue by product · FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.08B · Total debt $1.15B · Total assets $7.68B · Shareholders' equity $766.7M
Dividends
Raised for 10 straight years — most recently to $0.11 from $0.10 in Nov 2021. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 12, 2026 | Aug 12 | Aug 26 | $0.11 | |
| May 6, 2026 | May 6 | May 20 | $0.11 | |
| Feb 4, 2026 | Feb 4 | Feb 18 | $0.11 | |
| Nov 5, 2025 | Nov 5 | Nov 19 | $0.11 | |
| Aug 12, 2025 | Aug 12 | Aug 26 | $0.11 | |
| May 7, 2025 | May 7 | May 21 | $0.11 | |
| Feb 12, 2025 | Feb 12 | Feb 26 | $0.11 | |
| Nov 6, 2024 | Nov 6 | Nov 20 | $0.11 |
Ownership
Shares outstanding 62.93M · Float 60.02M · 95.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 8.93M | 14.19% | 13F | Aug 7, 2026 |
| Kearny Bank Employee Stock Ownership Plan Trust | 4.67M | 7.20% | 13G | Feb 13, 2026 |
| Dimensional Fund Advisors LP | 2.99M | 4.76% | 13F | Aug 11, 2026 |
| T. Rowe Price Investment Management, Inc. | 2.64M | 4.20% | 13F | Aug 14, 2026 |
| Vanguard Capital Management LLC | 2.58M | 4.09% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 10, 2026 | Leopold W. Montanaro | director | +4,773 | $9.46 |
| Jul 27, 2026 | Curtland E. Fields | director | +14,700 | $9.41 |
| Jun 17, 2026 | Curtland E. Fields | director | +4,950 | $8.34 |
| Jun 18, 2026 | Curtland E. Fields | director | +3,600 | $8.41 |
| Jun 12, 2026 | Curtland E. Fields | director | +4,950 | $8.71 |
Peers
- Provident Financial Services
Largest NJ savings bank post-Lakeland merger; leads NJ deposits
- Columbia Financial
NJ savings bank rival specializing in multifamily and CRE lending
- OceanFirst
NJ regional bank, ~$23B assets after 2026 Flushing merger
- Valley National Bancorp
Largest NJ-headquartered commercial bank, ~$64B assets, major CRE lender
- Peapack-Gladstone Financial
NJ private bank & wealth manager, ~$7.4B assets, Bedminster HQ
- BCB Bancorp
Bayonne NJ community bank, ~$3.3B assets, Hudson County multifamily/CRE
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Kearny Financial | $9.82 | 0.00% | $618.0M | 17.2 | 12.3 | 1.8 | +11.9% |
| Provident Financial Services | $23.71 | +0.91% | $3.06B | 9.8 | 9.4 | 2.2 | +9.7% |
| Columbia Financial | $11.59 | +0.35% | $2.58B | 44.4 | 31.1 | 5.1 | +15.5% |
| OceanFirst | $18.88 | −0.11% | $1.14B | 22.3 | 9.3 | 1.6 | +36.3% |
| Valley National Bancorp | $13.92 | 0.00% | $7.71B | 11.6 | 9.8 | 2.6 | +13.3% |
| Peapack-Gladstone Financial | $45.11 | −0.09% | $799.3M | 15.7 | 10.9 | 1.7 | +25.4% |
| BCB Bancorp | $8.60 | −0.12% | $149.3M | — | 19.1 | 1.0 | −9.2% |
| Median | 15.7 | 10.4 | 2.0 | +14.4% |