Kearny Financial (KRNY) Declares $0.11 Quarterly Dividend; 3.7% Yield
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Kearny Financial Corp. Announces Fourth Quarter and Fiscal Year End 2022 Results and Declaration of Cash Dividend
July 28, 2022 8:30 AM EDTFAIRFIELD, N.J., July 28, 2022 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the Company), the holding company of Kearny Bank (the Bank), reported net income for the quarter ended June 30, 2022 of $11.4 million, or $0.17 per diluted share, compared to $17.7 million, or $0.25 per diluted share, for the quarter ended March 31, 2022. The decrease in net income and earnings per share for the quarter was largely attributable to a pre-tax increase of $8.1 million in provision for credit losses, as well as the recognition of a number of non-recurring expenses, as described in further detail below.
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