Revenue growth is showing recovery with a 15.3% year-over-year increase in net interest income, though profitability remains constrained by a persistent 0.5% net interest margin.
| Metric | TTM | Jun'25 | Jun'24 | Jun'23 | Jun'22 | Jun'21 | Jun'20 | Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 | Jun'09 | Jun'08 | Jun'07 | Jun'06 | Jun'05 | Jun'04 | Jun'03 |
|---|
| Net Interest Income | 150.75M | 134.94M | 142.59M | 175.87M | 196.6M | 188.23M | 153.95M | 155.31M | 121.29M | 102.57M | 94.98M | 80.61M | 73.82M | 66.26M | 70.18M | 68.16M | 56.79M | 53.71M | 46.84M | 45.09M | 50.68M | 52.02M | 46.55M | 51.8M |
| NII Growth % | 55.6% | -5.37% | -18.92% | -10.55% | 4.45% | 22.27% | -0.88% | 28.05% | 18.25% | 7.99% | 17.84% | 9.19% | 11.42% | -5.59% | 2.96% | 20.03% | 5.73% | 14.67% | 3.87% | -11.02% | -2.58% | 11.74% | -10.12% | - |
| Net Interest Margin % | 1.98% | 1.74% | 1.86% | 2.18% | 2.55% | 2.58% | 2.28% | 2.34% | 1.84% | 2.13% | 2.11% | 1.9% | 2.1% | 2.11% | 2.39% | 2.35% | 2.43% | 2.53% | 2.25% | 2.35% | 2.52% | 2.47% | 2.4% | 2.59% |
| Interest Income | 322.73M | 324.48M | 328.87M | 293.72M | 226.27M | 238.09M | 237.8M | 237.33M | 171.43M | 139.09M | 126.89M | 106.04M | 95.82M | 88.26M | 98.55M | 100.38M | 93.11M | 97.91M | 97.37M | 95.56M | 89.32M | 82.44M | 78.65M | 96.49M |
| Interest Expense | 171.98M | 189.53M | 186.27M | 117.86M | 29.67M | 49.85M | 83.85M | 82.02M | 50.14M | 36.52M | 31.9M | 25.43M | 22M | 22M | 28.37M | 32.22M | 36.32M | 44.2M | 50.53M | 50.47M | 38.65M | 30.42M | 32.1M | 44.7M |
| Loan Loss Provision | 2.66M | 2.37M | 6.23M | 2.49M | -7.52M | -1.12M | 4.2M | 3.56M | 2.71M | 5.38M | 10.69M | 6.11M | 3.38M | 4.46M | 5.75M | 4.63M | 2.62M | 317K | 94K | 571K | 72K | 68K | 0 | 0 |
| Non-Interest Income | 22.5M | 19.05M | -1.99M | 2.75M | 13.93M | 17.97M | 15.12M | 13.55M | 13.26M | 11.35M | 10.73M | 7.94M | 8.12M | 16.39M | 2.15M | 4.85M | 2.9M | 1.52M | 2.05M | 2.49M | 3.33M | 9.5M | 0 | 1.85M |
| Non-Interest Income % | 6.52% | 5.55% | -0.61% | 0.93% | 5.8% | 7.02% | 5.98% | 5.4% | 7.18% | 7.54% | 7.79% | 6.97% | 7.81% | 15.66% | 2.13% | 4.61% | 3.02% | 1.53% | 2.06% | 2.54% | 3.59% | 10.34% | 0% | 1.88% |
| Total Revenue | 345.24M | 343.53M | 326.88M | 296.48M | 240.21M | 256.06M | 252.93M | 250.89M | 184.69M | 150.44M | 137.62M | 113.98M | 103.94M | 104.65M | 100.69M | 105.22M | 96.01M | 99.43M | 99.42M | 98.05M | 92.65M | 91.94M | 78.65M | 98.34M |
| Revenue Growth % | -1.81% | 5.09% | 10.25% | 23.43% | -6.19% | 1.24% | 0.81% | 35.84% | 22.77% | 9.32% | 20.74% | 9.66% | -0.67% | 3.92% | -4.3% | 9.59% | -3.43% | 0.01% | 1.39% | 5.83% | 0.77% | 16.9% | -20.02% | - |
| Non-Interest Expense | 126.05M | 120.63M | 215.15M | 123.75M | 125.71M | 122.83M | 107.62M | 109.24M | 97.85M | 81.12M | 72.42M | 78.08M | 64.16M | 69.42M | 58.72M | 56.24M | 45.3M | 43.92M | 40.94M | 44.86M | 42.05M | 34.86M | 27.91M | 44.35M |
| Efficiency Ratio | 36.51% | 35.12% | 65.82% | 41.74% | 52.33% | 47.97% | 42.55% | 43.54% | 52.98% | 53.92% | 52.62% | 68.5% | 61.72% | 66.34% | 58.32% | 53.45% | 47.18% | 44.18% | 41.18% | 45.75% | 45.38% | 37.92% | 35.49% | 45.1% |
| Operating Income | 44.55M | 31M | -80.78M | 52.38M | 92.35M | 84.5M | 57.25M | 56.07M | 34M | 27.42M | 22.61M | 4.36M | 14.4M | 8.76M | 7.85M | 12.14M | 11.78M | 10.99M | 7.86M | 2.15M | 11.88M | 26.59M | 18.64M | 9.29M |
| Operating Margin % | 12.9% | 9.02% | -24.71% | 17.67% | 38.44% | 33% | 22.64% | 22.35% | 18.41% | 18.23% | 16.43% | 3.83% | 13.86% | 8.37% | 7.8% | 11.53% | 12.26% | 11.05% | 7.9% | 2.2% | 12.83% | 28.92% | 23.7% | 9.45% |
| Operating Income Growth % | - | 138.38% | -254.21% | -43.28% | 9.29% | 47.59% | 2.11% | 64.91% | 23.98% | 21.31% | 418.46% | -69.73% | 64.52% | 11.48% | -35.29% | 3.07% | 7.16% | 39.89% | 264.5% | -81.87% | -55.31% | 42.65% | 100.62% | - |
| Pretax Income | 44.55M | 31M | -80.78M | 52.38M | 92.35M | 84.5M | 57.25M | 56.07M | 34M | 27.42M | 22.61M | 4.36M | 14.4M | 8.76M | 7.85M | 12.14M | 11.78M | 10.99M | 7.86M | 2.15M | 11.88M | 26.59M | 18.64M | 9.29M |
| Pretax Margin % | 12.9% | 9.02% | -24.71% | 17.67% | 38.44% | 33% | 22.64% | 22.35% | 18.41% | 18.23% | 16.43% | 3.83% | 13.86% | 8.37% | 7.8% | 11.53% | 12.26% | 11.05% | 7.9% | 2.2% | 12.83% | 28.92% | 23.7% | 9.45% |
| Income Tax | 8.68M | 4.92M | 5.89M | 11.57M | 24.8M | 21.26M | 12.29M | 13.93M | 14.4M | 8.82M | 6.78M | -1.27M | 4.22M | 2.25M | 2.78M | 4.29M | 4.96M | 4.6M | 1.95M | 221K | 2.28M | 7.69M | 5.75M | 5.24M |
| Effective Tax Rate % | 19.49% | 15.88% | -7.29% | 22.09% | 26.86% | 25.16% | 21.46% | 24.84% | 42.36% | 32.16% | 30.01% | -29.11% | 29.27% | 25.7% | 35.35% | 35.31% | 42.15% | 41.84% | 24.84% | 10.26% | 19.16% | 28.93% | 30.82% | 56.36% |
| Net Income | 35.86M | 26.07M | -86.67M | 40.81M | 67.55M | 63.23M | 44.97M | 42.14M | 19.6M | 18.6M | 15.82M | 5.63M | 10.19M | 6.51M | 5.08M | 7.85M | 6.81M | 6.39M | 5.9M | 1.93M | 9.61M | 18.9M | 12.9M | 4.05M |
| Net Margin % | 10.39% | 7.59% | -26.51% | 13.77% | 28.12% | 24.69% | 17.78% | 16.8% | 10.61% | 12.37% | 11.5% | 4.94% | 9.8% | 6.22% | 5.04% | 7.46% | 7.09% | 6.43% | 5.94% | 1.97% | 10.37% | 20.55% | 16.4% | 4.12% |
| Net Income Growth % | 150.67% | 130.09% | -312.36% | -39.58% | 6.82% | 40.63% | 6.7% | 115.05% | 5.34% | 17.58% | 181.08% | -44.75% | 56.59% | 28.12% | -35.32% | 15.25% | 6.59% | 8.25% | 205.27% | -79.87% | -49.16% | 46.53% | 218.05% | - |
| Net Income (Continuing) | 35.86M | 26.07M | -86.67M | 40.81M | 67.55M | 63.23M | 44.97M | 42.14M | 19.6M | 18.6M | 15.82M | 5.63M | 10.19M | 6.51M | 5.08M | 7.85M | 6.81M | 6.39M | 5.9M | 1.93M | 9.61M | 18.9M | 12.9M | 4.05M |
| EPS (Diluted) | 0.57 | 0.42 | -1.39 | 0.63 | 0.95 | 0.77 | 0.55 | 0.46 | 0.24 | 0.22 | 0.18 | 0.06 | 0.12 | 0.07 | 0.06 | 0.09 | 0.07 | 0.07 | 0.07 | 0.02 | 0.10 | 0.24 | 0.18 | 0.06 |
| EPS Growth % | 149.9% | 130.22% | -320.63% | -33.68% | 23.38% | 40% | 19.57% | 91.67% | 9.09% | 22.22% | 200% | -50% | 65.75% | 24.83% | -33.26% | 20.03% | 11.04% | 0% | 200.46% | -78.3% | -58.33% | 33.33% | 211.96% | - |
| EPS (Basic) | - | 0.42 | -1.39 | 0.63 | 0.95 | 0.77 | 0.55 | 0.46 | 0.24 | 0.22 | 0.18 | 0.06 | 0.12 | 0.07 | 0.06 | 0.09 | 0.07 | 0.07 | 0.07 | 0.02 | 0.10 | 0.24 | 0.18 | 0.06 |
| Diluted Shares Outstanding | 63.25M | 62.72M | 62.44M | 64.8M | 70.93M | 82.39M | 83.66M | 91.1M | 82.64M | 84.66M | 89.63M | 91.84M | 90.88M | 91.32M | 91.79M | 92.65M | 93.76M | 94.17M | 94.96M | 96.05M | 97.98M | 80.01M | 70.28M | 70.28M |
NYC multi-family concentration
As reported in recent financial statements, KRNY has successfully reversed a multi-quarter decline in net interest income, achieving a 15.3% year-over-year growth rate by 2026Q3, which suggests that the bank is effectively navigating the current interest rate environment through strategic loan portfolio management.
The transition from negative growth in 2024 and early 2025 to double-digit expansion indicates that the bank's repricing efforts are beginning to outpace the rising cost of deposits. Investors should monitor whether this trajectory is sustainable or if it relies on aggressive loan growth that could pressure future credit quality.
Based on the provided quarterly data, KRNY's net interest margin has remained stagnant at 0.5% throughout 2026, indicating that despite top-line revenue growth, the bank continues to face significant headwinds in expanding its spread between interest-earning assets and the rising cost of funding.
The inability to expand margins beyond 0.5% suggests that the bank's deposit beta remains elevated, likely due to intense competition for liquidity in the Northern New Jersey and New York City markets. This margin ceiling may limit the bank's ability to generate significant earnings growth without a fundamental shift in its deposit mix.
According to the company's income statement filings, the efficiency ratio has stabilized at approximately 37.9% in 2026Q3, a marked improvement from the extreme volatility observed in 2024, suggesting that management is regaining control over non-interest expenses relative to total revenue generation.
While the current efficiency ratio appears more normalized, it remains high for a regional institution, potentially reflecting the ongoing costs of maintaining a large physical branch footprint. Further investigation is warranted to determine if management can drive this ratio lower through digital transformation or if structural overhead remains a permanent drag on profitability.
Based on the reported figures, KRNY's provision for loan losses has remained relatively contained at $391,000 in 2026Q3, which stands in stark contrast to the $3.5 million charge taken in 2024Q4, implying a period of relative stability in the bank's underlying credit portfolio.
The low provision expense suggests that the bank's multi-family and commercial real estate collateral has not yet experienced the widespread distress that some market participants feared. However, given the sensitivity of the NYC rent-regulated market, investors should remain cautious regarding the potential for future provision spikes if refinancing conditions for borrowers deteriorate.
Quick answers to the most common questions about buying KRNY stock.
Kearny Financial Corp. (KRNY) is profitable, generating $26.1M in net income for the fiscal year ending 2025 with a net profit margin of 7.6%.
Kearny Financial Corp. (KRNY) reported an operating income of $31.0M, resulting in an operating profit margin of 9.0%. This margin reflects the operational efficiency of the business before interest and taxes.
Kearny Financial Corp. (KRNY) generated $151.6M in gross profit for the year, representing a gross profit margin of 44.1%. This demonstrates the company's core pricing power and production efficiency.