KRNY Stock: Insider Activity, Filings & Research
Kearny Financial Corp. (KRNY) — Drillr’s hub for KRNY insider activity, SEC filings, earnings signals and AI research. Over the trailing 3 months, KRNY insiders filed 0 open-market buys and 5 sales (SEC Form 4).
KRNY insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 2, 2026 | Swansson Timothy Aofficer: EVP and CTIO | Grant | 2,686 | — |
| Jun 2, 2026 | Swansson Timothy Aofficer: EVP and CTIO | Tax | 1,026 | $8.11 |
| Mar 12, 2026 | Swansson Timothy Aofficer: EVP and CTIO | Sell | 2,000 | $7.60 |
| Mar 12, 2026 | Swansson Timothy Aofficer: EVP and CTIO | Sell | 400 | $7.61 |
| Mar 12, 2026 | Swansson Timothy Aofficer: EVP and CTIO | Sell | 100 | $7.61 |
| Mar 12, 2026 | Swansson Timothy Aofficer: EVP and CTIO | Sell | 600 | $7.59 |
| Mar 12, 2026 | Swansson Timothy Aofficer: EVP and CTIO | Sell | 900 | $7.59 |
| Jan 28, 2026 | Joyce Patrick Mofficer: EVP and CLO | Sell | 100 | $7.66 |
| Jan 28, 2026 | Joyce Patrick Mofficer: EVP and CLO | Sell | 3,900 | $7.65 |
| Sep 23, 2025 | MONTANARO LEOPOLD Wdirector | Buy | 10,000 | $6.57 |
| Aug 11, 2025 | Wong-Zaza Melvinadirector | Buy | 1,375 | $5.93 |
| Aug 8, 2025 | Byrnes Seanofficer: EVP and CFO | Grant | 11,284 | — |
| Aug 8, 2025 | Parisi Erika Kofficer: EVP and CAO | Tax | 2,883 | $5.86 |
| Aug 8, 2025 | BILOTTA ANTHONY V JRofficer: EVP and Chief Banking Officer | Tax | 3,660 | $5.86 |
| Aug 8, 2025 | DeMedici Thomasofficer: EVP and CCO | Grant | 12,240 | — |
Source: KRNY SEC Form 4 filings, latest Jun 2, 2026. For informational purposes only — not investment advice.
Kearny Financial Corp. company profile
Overview
Kearny Financial Corp. (NASDAQ:KRNY) is a regional bank holding company founded in 1884 and headquartered in Fairfield, New Jersey. The company operates through its primary subsidiary, Kearny Bank, which provides traditional banking services across northern and central New Jersey, as well as Brooklyn and Staten Island, New York. With a history spanning over 140 years, Kearny Financial has evolved from a mutual savings institution into a publicly traded bank holding company that went public in 2005. The company operates 48 branch offices and focuses primarily on serving local communities and businesses in its geographic footprint.
Business
Kearny Financial Corp. operates in the regional banking industry, which involves accepting deposits from customers and lending those funds to borrowers while earning a profit on the interest rate spread. The company provides a comprehensive suite of traditional banking products and services through its subsidiary Kearny Bank. The company's deposit products include various types of accounts designed to attract and retain customer funds. These include interest-bearing and non-interest-bearing checking accounts (everyday transaction accounts), money market deposit accounts (higher-yield savings with limited transactions), traditional savings accounts, and certificates of deposit (time deposits with fixed terms and rates). These deposits form the primary funding source for the bank's lending activities. On the lending side, Kearny Bank offers several loan categories. Multi-family and nonresidential real estate mortgage loans represent a significant portion of the portfolio, targeting investors and businesses seeking to purchase or refinance income-producing properties. The bank also provides commercial term loans and lines of credit to businesses for working capital, equipment purchases, and expansion needs. One- to four-family first mortgage loans serve homebuyers and homeowners looking to purchase or refinance residential properties. Additionally, the bank offers home equity loans and lines of credit, construction and renovation loans for both residential and commercial projects, overdraft protection, and personal loans. Beyond traditional banking, Kearny Financial engages in investment activities, typically involving the management of securities portfolios to generate additional income and manage liquidity. The company operates as a community-focused regional bank, meaning it primarily serves customers within its geographic market rather than competing nationally.
Revenue model
Kearny Financial generates revenue primarily through the traditional banking model of net interest income - the difference between interest earned on loans and investments and interest paid on deposits and borrowings. This spread-based business model means the bank borrows money from depositors at lower rates and lends it out at higher rates, keeping the difference as profit. The bank's primary revenue streams include interest income from its loan portfolio (multi-family real estate, commercial loans, residential mortgages, and consumer loans) and investment securities. On the cost side, the bank pays interest on customer deposits and any borrowed funds. Non-interest income supplements this core revenue through fees for banking services, loan origination fees, and investment gains. The bank's customers are primarily individuals, families, and small to medium-sized businesses within its New Jersey and New York market areas. Depositors provide the funding base, while borrowers generate the interest income. The geographic concentration allows Kearny to develop deep local market knowledge and relationships. Several factors significantly impact the bank's profitability margins. Interest rate environment is the most critical factor - rising rates can improve net interest margins if loan rates adjust faster than deposit costs, while falling rates can compress margins. Credit quality directly affects profitability through loan loss provisions and charge-offs. Competition from other regional banks, credit unions, and online lenders can pressure both deposit costs and loan pricing. Regulatory compliance costs represent a significant fixed expense that can impact smaller regional banks disproportionately. Economic conditions in the bank's market areas affect loan demand, credit quality, and deposit flows. Finally, operational efficiency and the ability to control non-interest expenses while maintaining service quality directly impacts the bottom line.
Competitive moat
Kearny Financial's competitive moat is relatively modest, typical of smaller regional banks. The company's primary defensive characteristics stem from its local market presence and community relationships built over 140 years of operation. This long-standing presence provides some customer loyalty and local market knowledge that can be difficult for outside competitors to replicate quickly. The bank benefits from regulatory barriers to entry in banking, which require significant capital, regulatory approval, and compliance infrastructure to establish new banking operations. However, these same barriers protect all banks, not just Kearny specifically. The company's deposit franchise provides some stability, as customers often maintain banking relationships due to convenience and switching costs. Local businesses and individuals may prefer working with a community bank that understands local market conditions and can make lending decisions locally rather than through distant corporate headquarters. However, Kearny's moat faces significant challenges. The bank operates in highly competitive markets around New York City, facing competition from much larger regional and national banks with greater resources, technology capabilities, and product offerings. Digital banking and fintech disruption threatens traditional branch-based banking, particularly among younger customers who may not value local presence as highly. Online banks can offer higher deposit rates without the overhead of physical branches, while alternative lenders can provide faster, more convenient loan processes. The bank's small size (under $8 billion in assets) limits its ability to invest in technology, compete on pricing, or achieve significant economies of scale. Unlike larger banks with diverse revenue streams, Kearny remains heavily dependent on traditional net interest income, making it vulnerable to interest rate cycles and economic downturns in its concentrated geographic market.
Risks & safety
Kearny Financial presents a moderate margin of safety profile with mixed indicators across key financial metrics. • **Overall Assessment**: The bank maintains adequate capitalization but faces profitability challenges and asset quality concerns reflected in recent losses. • **Cash and Liquidity**: Strong liquid position with $142 million in cash and short-term investments as of Q2 2025, representing nearly 2% of total assets. This provides reasonable operational flexibility. • **Debt and Solvency**: Debt-to-equity ratio of 1.69x is elevated but typical for banks given their leveraged business model. The bank appears adequately capitalized with no immediate solvency concerns. • **Profitability Volatility**: Significant earnings volatility with a major loss of $90 million in Q4 2024 (likely due to asset write-downs or credit provisions), followed by return to modest profitability in recent quarters with $6-7 million quarterly net income. • **Valuation Metrics**: Trading at 0.59x book value suggests the market perceives the bank as worth less than its stated book value, potentially indicating asset quality concerns or poor earnings prospects. P/E ratio of 16.8x based on recent quarters appears reasonable if earnings stabilize. • **Asset Quality**: The significant loss in Q4 2024 and negative Graham net-net working capital ratios suggest potential asset quality issues that warrant careful monitoring. • **Return Metrics**: Current ROE of 0.88% is well below industry averages, indicating poor profitability relative to shareholder equity.
Recent development
Based on the available financial data, Kearny Financial has experienced significant operational challenges over the past few years. The most notable development was a substantial loss of approximately $90 million in Q4 2024, which dramatically impacted the bank's annual performance for fiscal 2024. This loss appears to have been related to asset quality issues or significant write-downs, though specific details are not available from the earnings call transcripts. Following this major setback, the bank has shown signs of stabilization with a return to modest profitability in the subsequent quarters of fiscal 2025, generating net income of approximately $6-7 million per quarter. However, this represents significantly lower profitability compared to historical levels - the bank earned over $67 million in fiscal 2022 and $41 million in fiscal 2023. The company's balance sheet has remained relatively stable in size, with total assets hovering around $7.7-7.8 billion over the recent periods. The bank has maintained its deposit base and lending operations, though the reduced profitability suggests either compressed net interest margins, higher credit costs, or increased operational expenses. Revenue has also declined from peak levels of $211 million in fiscal 2022 to more recent quarterly run rates suggesting annual revenue in the $130-140 million range. This revenue compression, combined with the asset quality issues evidenced by the Q4 2024 loss, indicates the bank is navigating a challenging operating environment, likely related to the broader banking industry's struggles with rising interest rates, credit concerns, and competitive pressures.
KRNY company profile · for informational purposes only — not investment advice.
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