Overview / Commentary
From the Bank
Kearny Bank is a community bank founded in 1884 as New Jersey mutual building and loan association. The association obtained federal insurance of accounts in 1939 and received a federal charter in 1941. In February 2015, Kearny Bank changed its name from Kearny Federal Savings Bank to Kearny Bank. Kearny Bank is wholly owned by Kearny Financial Corp. (the "Company"), a Maryland corporation organized as a fully public holding company. Today the Company has assets of $4.50 billion. Kearny Bank's deposits are insured by the Federal Deposit Insurance Corporation.
Health
C+
Data as of Q2 2024
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Kearny Bank has a negative return on equity.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 28765 |
| Year Established | 1884 |
| Employees | 526 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -2.12% |
| Return on Equity - YTD | -21.79% |
| Annual Interest Income | $165MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $7.67B$8.06B |
| Loans | Q2 2024vs Q2 2023 | $5.69B$5.79B |
| Deposits | Q2 2024vs Q2 2023 | $5.2B$5.69B |
| Equity Capital | Q2 2024vs Q2 2023 | $698.4MM$794.1MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $44.9MM$48.7MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $39.9MM$42.6MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$13MM |
