Kearny Financial Q1 FY27 Net Income Rises 40% Quarter-on-Quarter to $10.04 Million

By Public Technologies
  • Kearny Financial’s first-quarter FY27 net income jumped 40% from the prior quarter to $10.04 million.
  • Net interest income fell quarter-over-quarter to $40.08 million, while net interest margin narrowed to 2.23%.
  • Non-interest expense dropped 6% quarter-over-quarter to $31.79 million, primarily due to lower salaries and benefits, advertising, and other expenses.
  • The bank launched a Nonprofit and Independent Education Banking team to expand relationship-based deposit gathering.


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