Kearny Financial Financials

KRNY Stock  USD 8.37  0.11  1.30%   
Based on the analysis of Kearny Financial's profitability, liquidity, and operating efficiency, Kearny Financial Corp is not in a good financial situation at this time. It has a very high probability of going through financial hardship in December. At this time, Kearny Financial's Good Will is fairly stable compared to the past year. Total Liabilities is likely to rise to about 7.3 B in 2024, whereas Total Assets are likely to drop slightly above 4.7 B in 2024. Key indicators impacting Kearny Financial's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio2.392.2734
Sufficiently Up
Slightly volatile
Operating Income20.8 M21.9 M
Notably Down
Very volatile
Current Ratio0.0150.0158
Notably Down
Very volatile
The financial analysis of Kearny Financial is a critical element in measuring its lifeblood. Investors should not minimize Kearny Financial's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

(82.33 Million)

  
Understanding current and past Kearny Financial Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Kearny Financial's financial statements are interrelated, with each one affecting the others. For example, an increase in Kearny Financial's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Kearny Financial's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Kearny Financial Corp. Check Kearny Financial's Beneish M Score to see the likelihood of Kearny Financial's management manipulating its earnings.

Kearny Financial Stock Summary

Kearny Financial competes with Lake Shore, MicroAlgo, Morningstar Unconstrained, Bayview Acquisition, and American Century. Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States. Kearny Financial Corp. was founded in 1884 and is headquartered in Fairfield, New Jersey. Kearny Financial operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 596 people.
Specialization
Financial Services, Banks - Regional
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS48716P1084
CUSIP48716P108 487169104
LocationNew Jersey; U.S.A
Business Address120 Passaic Avenue,
SectorBanks
IndustryFinancials
BenchmarkDow Jones Industrial
Websitewww.kearnybank.com
Phone(973) 244 4500
CurrencyUSD - US Dollar

Kearny Financial Key Financial Ratios

Kearny Financial Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets6.8B7.3B7.7B8.1B7.7B4.7B
Other Liab35.2M69.6M43.1M42.3M48.7M28.1M
Net Debt992.2M618.0M799.7M1.4B1.7B1.7B
Retained Earnings387.9M408.4M445.5M457.6M343.3M376.1M
Accounts Payable4.4B5.5B(3.7B)5.6B6.5B6.8B
Cash181.0M67.9M101.6M70.5M63.9M113.6M
Other Assets3.5B3.5B9.4B5.1B5.9B4.4B
Long Term Debt1.2B665.9M651.3M1.5B1.4B1.5B
Net Receivables17.4M19.4M20.5M28.1M29.5M31.0M
Inventory(198.5M)(87.4M)(20.5M)(111.6M)(5.8B)(5.5B)
Other Current Assets198.5M87.4M4.5B111.6M93.4M88.7M
Total Liab5.7B685.9M6.8B1.5B6.9B7.3B
Total Current Assets1.6B1.8B6.0B1.3B93.4M88.7M
Intangible Assets4.0M3.7M3.0M2.5M1.9M1.8M
Common Stock837K790K687K659K644K611.8K
Other Current Liab(5.7M)2.5B2.9B4.8B4.4B2.8B
Net Tangible Assets869.3M828.3M680.1M655.9M754.3M840.6M
Short Long Term Debt5.7M0.0250M225M175M292.7M

Kearny Financial Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket.
201920202021202220232024 (projected)
Interest Expense83.9M49.9M29.7M117.9M186.3M195.6M
Total Revenue169.1M206.2M210.5M178.6M326.9M343.2M
Gross Profit169.1M206.2M210.5M178.6M326.9M343.2M
Operating Income57.3M84.5M122.0M52.4M21.9M20.8M
Ebit57.3M84.5M122.0M52.4M(108.0M)(102.6M)
Ebitda63.1M91.3M128.7M58.7M(102.7M)(97.6M)
Income Before Tax57.3M84.5M92.3M52.4M(80.8M)(76.7M)
Net Income45.0M63.2M67.5M40.8M(86.7M)(82.3M)
Income Tax Expense12.3M21.3M24.8M11.6M5.9M8.3M
Tax Provision12.3M21.3M24.8M11.6M5.9M5.6M
Net Interest Income149.4M184.5M196.6M175.9M142.6M154.4M
Interest Income233.2M234.4M226.3M293.7M328.9M230.7M

Kearny Financial Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Kearny Financial Corp. It measures of how well Kearny is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Kearny Financial brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Kearny had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Kearny Financial has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change In Cash142.0M(113.1M)33.8M(31.1M)(6.7M)(7.0M)
Free Cash Flow13.9M70.0M78.4M68.2M28.6M30.6M
Depreciation5.8M6.8M6.7M6.3M5.3M4.0M
Other Non Cash Items(13.3M)(12.2M)2.5M33.0M126.2M132.5M
Dividends Paid24.1M28.6M30.7M28.5M27.6M26.2M
Capital Expenditures6.0M5.5M2.9M1.4M1.4M1.3M
Net Income45.0M63.2M67.5M40.8M(86.7M)(82.3M)
End Period Cash Flow181.0M67.9M101.6M70.5M63.9M119.3M
Change To Inventory(403K)(17.4M)12.8M(11.7M)(10.5M)(10.0M)
Investments85.0M(308.8M)121.1M(417.9M)258.1M271.0M
Net Borrowings(151.2M)(551.4M)215M605M695.8M730.5M
Change To Netincome(4.4M)(306K)13.9M40.7M46.8M49.1M

Kearny Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Kearny Financial's current stock value. Our valuation model uses many indicators to compare Kearny Financial value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Kearny Financial competition to find correlations between indicators driving Kearny Financial's intrinsic value. More Info.
Kearny Financial Corp is currently regarded as number one stock in return on equity category among its peers. It also is currently regarded as number one stock in return on asset category among its peers . At this time, Kearny Financial's Return On Equity is fairly stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Kearny Financial's earnings, one of the primary drivers of an investment's value.

Kearny Financial Corp Systematic Risk

Kearny Financial's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Kearny Financial volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on Kearny Financial Corp correlated with the market. If Beta is less than 0 Kearny Financial generally moves in the opposite direction as compared to the market. If Kearny Financial Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Kearny Financial Corp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Kearny Financial is generally in the same direction as the market. If Beta > 1 Kearny Financial moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Kearny Financial Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Kearny Financial's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Kearny Financial growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.0128

At this time, Kearny Financial's Price Earnings To Growth Ratio is fairly stable compared to the past year.

Kearny Financial November 13, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Kearny Financial help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Kearny Financial Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Kearny Financial Corp based on widely used predictive technical indicators. In general, we focus on analyzing Kearny Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Kearny Financial's daily price indicators and compare them against related drivers.

Additional Tools for Kearny Stock Analysis

When running Kearny Financial's price analysis, check to measure Kearny Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Kearny Financial is operating at the current time. Most of Kearny Financial's value examination focuses on studying past and present price action to predict the probability of Kearny Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kearny Financial's price. Additionally, you may evaluate how the addition of Kearny Financial to your portfolios can decrease your overall portfolio volatility.