NASDAQ$KRNY

Kearny Financial Corp · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported an increase in net income due to a provision for credit loss reversal, reflecting an improved economic forecast and credit risk outlook.

Kearny Financial Corp. reported a net income of $18.5 million, or $0.24 per diluted share, for the quarter ended June 30, 2021. This compares to $16.4 million, or $0.20 per diluted share, for the quarter ended March 31, 2021. The results were positively impacted by a $4.9 million provision for credit loss reversal.

  • Net income for the quarter ended June 30, 2021 was $18.5 million, or $0.24 per diluted share.
  • The results for the quarter ended June 30, 2021 were favorably impacted by a provision for credit loss reversal of $4.9 million.
  • Total assets at June 30, 2021, were $7.28 billion, a decrease of $74.3 million, or 1.0%, from March 31, 2021.
  • Deposits totaled $5.49 billion at June 30, 2021, an increase of $110.9 million, or 2.1%, from March 31, 2021.

Headline financials

Total Revenue

$48.2M

Previous: $40.5M+19.1%
EPS (adj)

$0.24

Previous: $0.17+41.2%
Efficiency Ratio

60.9%

Previous: 59.2%+2.8%
ROA (annualized)

1.0%

No prior period
Net Interest Margin

2.9%

Previous: 2.6%+9.5%
ROE (annualized)

7.0%

No prior period
Return on Tangible Equity

8.8%

No prior period
Capital Expenditures

$2.57M

Previous: -$312K+923.4%
Free Cash Flow

$15.1M

Previous: -$9.98M+251.6%
Net Income

$18.5M

Previous: $13.7M+35.0%
Operating Income

$25.5M

Previous: $18.4M+38.8%
Gross Profit

$52.6M

Previous: $45.5M+15.6%
Cash & Equivalents

$67.9M

Previous: $181M-62.5%
Total Assets

$7.28B

Previous: $6.76B+7.8%
Stock-Based Comp

$2.03M

Previous: $1.89M+7.0%

Revenue & EPS history

Kearny Financial · Revenue · Quarterly

$48.2M

Q4 2021+19.1%vs Q4 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Kearny Financial · $58.3M total across 4 segments · Q3 2021

  • Loans
    $49.3M
  • Taxable Inv. Securities
    $7.89M
  • Other Int. Assets
    $705K
  • Tax-Exempt Inv. Securities
    $410K

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 Q4 2021

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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