Kearny Financial Corp. (KRNY) Form 10-K — Aug 21, 2026
Kearny Financial Corp. filed its fiscal 2026 Form 10-K for the year ended June 30, 2026, reporting total loans of $5.88 billion, a net increase of $63.1 million, with the portfolio anchored by $2.50 billion of multi-family mortgages (42.5%) and $1.0 billion of nonresidential mortgages (17.3%). The company operates 40 branches across New Jersey and New York after consolidating three branches during the year, and had 64,929,382 shares outstanding as of August 19, 2026. Credit quality trends are mixed.
Key figures
- Shares Outstanding
- 64929382
- Branches
- 40
- Employees
- 549
- Total loans
- $5.88 billion ($5,878,562 thousand), up from $5.81 billion
- C and i loans
- $223.9 million, 3.8% of loan portfolio
- Fhlb advances
- $950.0 million at 3.85% weighted average rate (vs $1.11 billion at 4.36%)
- Classified loans
- $88.2 million, down from $118.4 million
- Brokered deposits
- $757.2 million, or 13.3% of total deposits
- Cre concentration
- 515% of Bank total risk-based capital (vs 300% supervisory guidance threshold)
- Wholesale funding
- $1.9 billion, approximately 24.8% of total assets
- Construction loans
- $263.2 million, 4.5% of loan portfolio
- Multi family loans
- $2.50 billion, 42.5% of loan portfolio
- Afs unrealized loss
- $96.5 million (improved from $112.1 million)
- Net charge off rate
- 0.04% of average loans (vs 0.02% prior year)
- Derivatives notional
- $2.88 billion
- Nonperforming assets
- $53.4 million, up $7.8 million from $45.6 million
- Securities portfolio
- $1.07 billion (13.9% of total assets)
- Special mention loans
- $4.5 million, down from $15.0 million
- Mortgage banking gains
- $932,000 on sale of $128.2 million of loans held for sale
- Other real estate owned
- $5.5 million (two properties, vs none prior year)
- Largest borrower exposure
- $79.5 million (six multi-family loans, performing)
- Nonperforming loans ratio
- 0.82% of total loans
- Acl to nonperforming loans
- 94.99% (down from 101.30%)
- Allowance for credit losses
- $45.5 million, or 0.77% of total loans (vs 0.79%)
- Branches consolidated fy2026
- 3
- Cds maturing within one year
- $1.87 billion
- Nonresidential mortgage loans
- $1.0 billion, 17.3% of loan portfolio
- Market value non affiliate equity
- $449.0 million at December 31, 2025
Price after filing
Close on the filing date to close N calendar days later (from $9.73). Historical, not a forecast.
AI analysis
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