Kearny Financial Corp. Declares $0.11 Quarterly Dividend
Kearny Financial Corp., a New Jersey-based bank holding company, announced a quarterly cash dividend of $0.11 per share. The board declared the dividend on April 23, 2026.
Kearny Financial Corp. (NASDAQ: KRNY), the holding company for Kearny Bank, declared a quarterly cash dividend of $0.11 per share. The dividend matches the prior quarter's payment and will be distributed to shareholders of record as of May 6, 2026. Read more dividend announcements.
The board approved the dividend on April 23, 2026, the same day the Fairfield, New Jersey-based company reported its fiscal third quarter 2026 financial results. Payment will be made on May 20, 2026.
| Dividend Details | Information |
|---|---|
| Amount | $0.11 per share |
| Record Date | May 6, 2026 |
| Payment Date | May 20, 2026 |
| Frequency | Quarterly |
Quarterly Financial Performance
The company reported net income of $10.1 million, or $0.16 per diluted share, for the quarter ended March 31, 2026. That compares to $9.4 million, or $0.15 per diluted share, for the quarter ended December 31, 2025.
Net interest income rose 3.3% to $39.2 million from $38.0 million in the prior quarter. Net interest margin expanded seven basis points quarter-over-quarter, marking the sixth consecutive quarter of margin expansion.
The dividend represents a payout ratio of 69.1% based on the quarter's earnings, down from 73.9% in the prior quarter. Total cash dividends declared for the quarter amounted to $7.0 million.
Balance Sheet Highlights
Total interest-earning assets remained essentially flat at $7.09 billion. Loans receivable, including loans held for sale, averaged $5.79 billion during the quarter, up slightly from $5.78 billion in the prior quarter.
Interest expense on deposits declined 6.3% to $31.0 million from $33.1 million, while borrowing costs fell 6.8% to $8.9 million from $9.5 million. Total interest expense decreased to $39.9 million from $42.7 million quarter-over-quarter.
Non-interest income increased 9.4% to $6.1 million, driven by a $1.1 million jump in other income. Non-interest expense rose 3.6% to $32.3 million, with salaries and employee benefits up 5.1% to $19.3 million.