Kearny Financial (KRNY) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments60681813912978199
Cash and cash equivalents60681813912978199
Deferred costs     1111
Total current assets:60681813912989210
Noncurrent Assets
Property, plant and equipment54565757564038
Intangible assets, net (including goodwill)211215215216217109109
Goodwill211211211211211109109
Intangible assets, net (excluding goodwill) 445600
Deferred income tax assets262925
Total noncurrent assets:291300298273273148147
Other undisclosed assets6,8356,9166,2796,3236,1784,5814,143
TOTAL ASSETS:7,1867,2846,7586,6356,5804,8184,500
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities     382146
Interest and dividends payable     382146
Debt20390871882770661464
Total current liabilities:203908718827701,043610
Noncurrent Liabilities
Other undisclosed liabilities6,1715,8514,8034,6254,5422,7182,743
Total liabilities:6,1916,2415,6745,5085,3113,7613,352
Stockholders' equity
Stockholders' equity attributable to parent, including:9951,0431,0841,1271,2691,0571,148
Common stock1111111
Additional paid in capital587654723787923729849
Accumulated other comprehensive income (loss)2613191(17)
Retained earnings432408388367359361351
Other undisclosed stockholders' equity attributable to parent(26)(27)(29)(31)(33)(35)(36)
Total stockholders' equity:9951,0431,0841,1271,2691,0571,148
TOTAL LIABILITIES AND EQUITY:7,1867,2846,7586,6356,5804,8184,500

Income statement (P&L) ($ in millions)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues231240236238172130114
Net investment income228234233237171125110
Cost of revenue3 (4)(4)(3)(5)(11)
Provision for loan, lease, and other losses(1) (4)(4)(3)
Financial services costs (5)(11)
Gross profit:234240232234170125103
Operating expenses(16)(19)(15)(14)(19)(58)(52)
Other operating income, net
(Noninterest Income, Other Operating Income)
2200000
Operating income:2202232172211516652
Nonoperating income6966555
Investment income, nonoperating 3     
Bank owned life insurance income6666556
Interest and debt expense(34)(51)(86)(82)(50)(37)(32)
Income from continuing operations before equity method investments, income taxes:1921811371451063525
Other undisclosed loss from continuing operations before income taxes(92)(97)(80)(89)(72)(8)(2)
Income from continuing operations before income taxes:100845756342723
Income tax expense(27)(21)(12)(14)(14)(9)(7)
Net income available to common stockholders, diluted:73634542201916

Comprehensive Income ($ in millions)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net income:73634542201916
Other comprehensive income (loss)(5)5(2)(16)1618(9)
Comprehensive income, net of tax, attributable to parent:6968432636367

Statements sources

The financial statements are based on the company's filings with the 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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