Kearny Financial (KRNY) Financial Statements (2024 and earlier)

Company Profile

Business Address 120 PASSAIC AVENUE
FAIRFIELD, NJ 07004
State of Incorp.
Fiscal Year End June 30
Industry (SIC) 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
6/30/2023
12/31/2022
MRQ
6/30/2022
6/30/2021
6/30/2020
6/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments70,51575,660101,61567,855180,96738,935
Cash and cash equivalents70,51575,660101,61567,855180,96738,935
Total current assets:70,51575,660101,61567,855180,96738,935
Noncurrent Assets
Operating lease, right-of-use asset 16,100    
Property, plant and equipment48,30950,95353,28156,33857,38956,854
Intangible assets, net (including goodwill)213,352210,895213,915214,600214,890216,055
Goodwill210,895210,895210,895210,895210,895210,895
Intangible assets, net (excluding goodwill)2,457 3,0203,7053,9955,160
Deferred income tax assets51,97351,10749,35029,32325,480
Total noncurrent assets:329,734312,955316,546300,261297,759272,909
Other undisclosed assets7,664,5667,900,7037,301,7226,915,6196,279,4496,322,985
TOTAL ASSETS:8,064,8158,289,3187,719,8837,283,7356,758,1756,634,829
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 4,893     
Accrued liabilities 4,893     
Debt1,506,8121,383,573901,337390,000870,700882,200
Total current liabilities:1,511,7051,383,573901,337390,000870,700882,200
Noncurrent Liabilities
Other undisclosed liabilities5,683,8266,033,1055,924,5465,850,7914,803,2984,625,470
Total liabilities:7,195,5317,416,6786,825,8836,240,7915,673,9985,507,670
Equity
Equity, attributable to parent, including:869,284872,640894,0001,042,9441,084,1771,127,159
Common stock659674687790837891
Additional paid in capital503,332515,332528,396654,396722,871787,394
Accumulated other comprehensive income (loss)(69,456)(69,021)(55,727)6,1441,2572,839
Retained earnings457,611449,489445,451408,367387,911366,679
Other undisclosed equity, attributable to parent(22,862)(23,834)(24,807)(26,753)(28,699)(30,644)
Total equity:869,284872,640894,0001,042,9441,084,1771,127,159
TOTAL LIABILITIES AND EQUITY:8,064,8158,289,3187,719,8837,283,7356,758,1756,634,829

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Revenues292,079251,107228,811239,934236,394237,913
Net investment income293,724250,015226,272234,360233,208237,333
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (2,341)  (4,197)(3,556)
Other undisclosed gross profit      
Gross profit:292,079248,766228,811239,934232,197234,357
Operating expenses(14,158)(15,185)(16,173)(19,183)(15,163)(14,271)
Other operating income, net
(Noninterest Income, Other Operating Income)
6,2525,1541,5761,751194475
Operating income:284,173238,735214,214222,502217,228220,561
Nonoperating income8,5068,5086,1729,3206,1976,328
Investment income, nonoperating    3,053  
Bank owned life insurance income8,6458,5036,1676,2676,2256,339
Interest and debt expense(117,859)(58,375)(29,669)(50,647)(86,010)(82,020)
Income from continuing operations before equity method investments, income taxes:174,820188,868190,717181,175137,415144,869
Other undisclosed loss from continuing operations before income taxes(122,441)(125,304)(98,370)(96,679)(80,163)(88,800)
Income from continuing operations before income taxes:52,37963,56492,34784,49657,25256,069
Income tax expense(11,568)(16,015)(24,800)(21,263)(12,287)(13,927)
Income from continuing operations:40,81147,54967,54763,23344,96542,142
Income before gain (loss) on sale of properties:45,59867,54763,23344,96542,142
Net income available to common stockholders, diluted:40,81147,54967,54763,23344,96542,142

Comprehensive Income ($ in thousands)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Net income:40,81147,54967,54763,23344,96542,142
Other comprehensive income (loss) (70,595)(61,871)4,887(1,582)(15,696)
Other undisclosed comprehensive income      
Comprehensive income (loss):40,811(23,046)5,67668,12043,38326,446
Other undisclosed comprehensive loss, net of tax, attributable to parent(13,729)     
Comprehensive income (loss), net of tax, attributable to parent:27,082(23,046)5,67668,12043,38326,446

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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