NASDAQ$KRNY
Kearny Financial Corp · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Net income decreased due to non-recurring items from the MSB Financial Corp acquisition, but core earnings remained strong.
Kearny Financial Corp. reported a net income of $11.4 million, or $0.13 per diluted share, for the first quarter ended September 30, 2020. Excluding non-recurring items, net income would have been $15.0 million, or $0.17 per diluted share.
- Net income for the quarter ended September 30, 2020 was $11.4 million, or $0.13 per diluted share.
- Core earnings remain strong.
- COVID-19 related loan modifications have declined to $76.9 million, or 1.5% of total loans.
- Acquisition of MSB Financial Corp increased total assets by $581.9 million, net loans by $530.2 million and total deposits by $460.2 million.
Headline financials
Revenue & EPS history
Kearny Financial · Revenue · Quarterly
$51.9M
Revenue by segment
Kearny Financial · $58.3M total across 4 segments · Q3 2021
- Loans$49.3M—84.6%
- Taxable Inv. Securities$7.89M—13.5%
- Other Int. Assets$705K—1.2%
- Tax-Exempt Inv. Securities$410K—0.7%
Forward guidance
The company did not provide specific forward guidance in this earnings report. However, they mentioned ongoing initiatives to improve operating efficiency, including branch consolidations.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
+0.1%
Avg return
Earnings day
-0.5%
Avg return
5 days after
+0.1%
Avg return
30 days after
55%
35 / 64 earnings
Positive
+11.8%
Q3 2020
Best reaction
-8.4%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +2.5% | +4.8% | +4.1% | |
| Q2 2026 | -1.8% | -0.5% | -7.9% | |
| Q1 2026 | -2.2% | -2.2% | -0.9% | |
| Q3 2025 | +4.7% | +2.3% | -2.6% | |
| Q2 2025 | -5.5% | -4.1% | -4.0% | |
| Q1 2025 | -6.2% | -2.2% | +14.4% | |
| Q4 2024 | +0.4% | +0.7% | -3.5% | |
| Q3 2024 | -4.8% | -10.1% | -5.7% | |
| Q2 2024 | -6.8% | -7.2% | -21.9% | |
| Q1 2024 | +3.8% | +4.7% | +20.2% | |
| Q4 2023 | +6.8% | +2.9% | -9.9% | |
| Q3 2023 | +3.7% | -1.3% | -4.9% | |
| Q2 2023 | -8.4% | -9.2% | -3.6% | |
| Q1 2023 | -4.3% | -11.1% | -14.3% | |
| Q4 2022 | -0.8% | +1.4% | -0.4% | |
| Q3 2022 | -2.6% | -3.4% | +1.8% | |
| Q2 2022 | -1.1% | -0.5% | +1.2% | |
| Q1 2022 | +1.1% | +2.1% | -2.5% | |
| Q4 2021 | -0.6% | +2.8% | +9.4% | |
| Q3 2021 | +1.5% | +3.2% | +4.1% | |
| Q2 2021 | +2.5% | +3.1% | +12.4% | |
| Q1 2021 | -1.8% | +4.8% | +19.5% | |
| Q4 2020 | +2.9% | -3.1% | +1.0% | |
| Q3 2020 | +11.8% | +6.6% | +3.0% | |
| Q2 2020 | -5.1% | -6.8% | -16.2% | |
| Q1 2020 | +1.7% | +2.8% | +2.2% | |
| Q4 2019 | -3.0% | -4.7% | -8.4% | |
| Q3 2019 | +3.4% | +3.9% | -0.2% | |
| Q2 2019 | -2.8% | -0.8% | +3.2% | |
| Q1 2019 | -1.2% | -1.6% | +1.3% | |
| Q4 2018 | +7.9% | +3.8% | +2.3% | |
| Q3 2018 | +4.9% | +4.9% | +7.1% | |
| Q2 2018 | +1.5% | -0.7% | -4.4% | |
| Q1 2018 | -2.9% | -4.5% | -2.6% | |
| Q4 2017 | -0.7% | -1.4% | -3.1% | |
| Q3 2017 | -4.9% | -6.2% | -8.8% | |
| Q2 2017 | +5.5% | +5.5% | +6.2% | |
| Q1 2017 | +0.0% | -1.8% | +9.7% | |
| Q4 2016 | +0.5% | +1.9% | +5.6% | |
| Q3 2015 | -2.3% | — | — | |
| Q3 2016 | +0.4% | — | — | |
| Q2 2016 | -3.7% | — | — | |
| Q1 2016 | +0.8% | — | — | |
| Q1 2015 | +0.8% | — | — | |
| Q4 2015 | +0.8% | — | — | |
| Q4 2014 | +0.8% | — | — | |
| Q4 2013 | +0.8% | — | — | |
| Q2 2015 | +0.8% | — | — | |
| Q1 2014 | +0.8% | — | — | |
| Q2 2014 | +0.8% | — | — | |
| Q3 2014 | +0.8% | — | — | |
| Q3 2013 | -1.2% | — | — | |
| Q2 2013 | +3.2% | — | — | |
| Q1 2013 | -0.7% | — | — | |
| Q4 2012 | +0.3% | — | — | |
| Q3 2012 | +2.4% | — | — | |
| Q2 2012 | +1.0% | — | — | |
| Q1 2012 | -3.3% | — | — | |
| Q4 2011 | +0.9% | — | — | |
| Q3 2011 | +1.7% | — | — | |
| Q2 2010 | +1.9% | — | — | |
| Q1 2010 | -0.8% | — | — | |
| Q4 2010 | -1.2% | — | — | |
| Q3 2010 | -0.7% | — | — |
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