Kearny Financial Corp. reported net income of $9.4 million for the quarter ended December 31, 2025, with earnings of $0.15 per diluted share. A quarterly cash dividend of $0.11 per share was declared, payable on February 18, 2026. The company’s balance sheet showed total assets of $7.62 billion at the end of 2025. Pre-tax, pre-provision net revenue increased by 3.9% to $12.3 million in the second quarter.

President and CEO, Craig L. Montanaro, highlighted improvement in core earnings, with a 32 basis point expansion in net interest margin year-over-year. The company made progress on key strategic initiatives, including a partnership with The Lab Consulting and adding a residential lending team to grow fee income.

Net interest margin expanded by four basis points to 2.14% for the quarter ended December 31, 2025. Net interest income increased to $38.0 million, with non-interest income decreasing by 4.7% to $5.6 million. Non-interest expenses declined by 1.5% to $31.2 million, driven by reductions in various expense categories.

Income tax expense totaled $2.3 million for the quarter ended December 31, 2025, with an effective tax rate of 19.8%. Asset quality improved, with non-performing assets decreasing to $51.3 million, or 0.67% of total assets. The company maintained a strong capital position with regulatory capital ratios exceeding requirements.

Book value per share increased by $0.07 to $11.70, while tangible book value per share increased by $0.07 to $9.93. Total stockholders’ equity included $68.2 million in after-tax net unrealized losses on securities available for sale. The company’s tangible equity to tangible assets ratio was 8.56%.

Financial measures were reconciled between GAAP and non-GAAP to provide additional information for evaluating the company’s performance. Adjusted net income, pre-tax, pre-provision net revenue, and various ratios were calculated to show the impact of non-recurring transactions on financial results. Adjusted return on average assets and equity were also highlighted.

For further information, individuals can contact Keith Suchodolski, Senior Executive Vice President and COO, or Sean Byrnes, Executive Vice President and CFO of Kearny Financial Corp. at (973) 244-4500.

Read more at GlobeNewswire: Kearny Financial Corp. Announces Second Quarter Fiscal 2026