Kearny Financial Corp. Files 8-K on Operations & Financial Condition
Ticker: KRNY · Form: 8-K · Filed: Jan 25, 2024 · CIK: 1617242
| Field | Detail |
|---|---|
| Company | Kearny Financial Corp. (KRNY) |
| Form Type | 8-K |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $0.11 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: financial-condition, results-of-operations, regulation-fd, corporate-filing
TL;DR
**Kearny Financial Corp. just dropped an 8-K on its financial results, time to check their numbers.**
AI Summary
Kearny Financial Corp. (KRNY) filed an 8-K on January 25, 2024, to announce the results of its operations and financial condition, along with other events and Regulation FD disclosures. This filing indicates that the company is providing an update on its financial performance, which is crucial for investors to understand the company's health and future prospects. For shareholders or potential buyers, this matters because it offers transparency into the company's current financial standing, helping them assess the value and risk of their investment.
Why It Matters
This filing provides investors with the latest financial health update for Kearny Financial Corp., essential for making informed investment decisions.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial results and operations, not indicating any immediate new risks.
Analyst Insight
Investors should review the full financial statements and results of operations that this 8-K refers to, once they become available, to understand the company's performance and make informed decisions about holding or buying KRNY stock.
Key Numbers
- 001-37399 — Commission File Number (identifies the company's filings with the SEC)
- 30-0870244 — IRS Employer Identification No. (unique tax identification for the company)
- (973) 244-4500 — Business Phone Number (contact information for Kearny Financial Corp.)
- $0.01 — par value per share (par value of Kearny Financial Corp.'s Common Stock)
Key Players & Entities
- Kearny Financial Corp. (company) — the registrant filing the 8-K
- Maryland (company) — state of incorporation for Kearny Financial Corp.
- 001-37399 (dollar_amount) — Commission File Number
- 30-0870244 (dollar_amount) — IRS Employer Identification No.
- 120 Passaic Avenue Fairfield, New Jersey 07004 (company) — address of principal executive offices
- (973) 244-4500 (dollar_amount) — registrant's telephone number
- KRNY (company) — trading symbol for Common Stock
- The NASDAQ Stock Market LLC (company) — exchange where Common Stock is registered
FAQ
What is the purpose of this 8-K filing by Kearny Financial Corp.?
The 8-K filing by Kearny Financial Corp. on January 25, 2024, is to report on the 'Results of Operations and Financial Condition,' 'Regulation FD Disclosure,' and 'Other Events,' as per the ITEM INFORMATION section.
What is the trading symbol and exchange for Kearny Financial Corp.'s Common Stock?
Kearny Financial Corp.'s Common Stock trades under the symbol KRNY on The NASDAQ Stock Market LLC, as stated in the 'Securities registered pursuant to Section 12(b) of the Act' section.
What is the state of incorporation for Kearny Financial Corp.?
Kearny Financial Corp. is incorporated in Maryland, as indicated in the 'State or Other Jurisdiction of Incorporation' section of the filing.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing is January 25, 2024, as specified under 'Date of Report (Date of earliest event reported): January 25, 2024'.
What is the par value of Kearny Financial Corp.'s Common Stock?
The par value of Kearny Financial Corp.'s Common Stock is $0.01, as mentioned in the 'Title of each class' section: 'Common Stock, $0.01 par value'.
Filing Stats: 637 words · 3 min read · ~2 pages · Grade level 10.2 · Accepted 2024-01-25 08:52:10
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value KRNY The NASDAQ Stock Market
- $0.11 — announced a quarterly cash dividend of $0.11 per share, payable on February 21, 2024
Filing Documents
- krny-20240125.htm (8-K) — 29KB
- krny-20240125xexx991.htm (EX-99.1) — 854KB
- krny12_31x2023investorpr.htm (EX-99.2) — 13KB
- krny12_31x2023investorpr001.jpg (GRAPHIC) — 92KB
- krny12_31x2023investorpr002.jpg (GRAPHIC) — 237KB
- krny12_31x2023investorpr003.jpg (GRAPHIC) — 136KB
- krny12_31x2023investorpr004.jpg (GRAPHIC) — 105KB
- krny12_31x2023investorpr005.jpg (GRAPHIC) — 147KB
- krny12_31x2023investorpr006.jpg (GRAPHIC) — 113KB
- krny12_31x2023investorpr007.jpg (GRAPHIC) — 142KB
- krny12_31x2023investorpr008.jpg (GRAPHIC) — 131KB
- krny12_31x2023investorpr009.jpg (GRAPHIC) — 126KB
- krny12_31x2023investorpr010.jpg (GRAPHIC) — 124KB
- krny12_31x2023investorpr011.jpg (GRAPHIC) — 99KB
- krny12_31x2023investorpr012.jpg (GRAPHIC) — 136KB
- 0001617242-24-000006.txt ( ) — 3258KB
- krny-20240125.xsd (EX-101.SCH) — 2KB
- krny-20240125_lab.xml (EX-101.LAB) — 23KB
- krny-20240125_pre.xml (EX-101.PRE) — 12KB
- krny-20240125_htm.xml (XML) — 3KB
02 Results of Operation and Financial Condition
Item 2.02 Results of Operation and Financial Condition On January 25, 2024, Kearny Financial Corp. (the "Company"), the holding company for Kearny Bank, issued a press release reporting its financial results for the period ended December 31, 2023. A copy of the press release announcing the results is included as Exhibit 99.1 to this Current Report on Form 8-K and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure On January 25, 2024, the Company released a slide presentation that will be used in upcoming meetings with potential investors and current shareholders of the Company. A copy of the slide presentation that will be used in the Company's presentation is filed as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated herein by reference. The information included in this Current Report pursuant to this Item 7.01 is being furnished to, and not filed with, the Securities and Exchange Commission.
01 Other Events
Item 8.01 Other Events On January 25, 2024, the Company's Board of Directors announced a quarterly cash dividend of $0.11 per share, payable on February 21, 2024 to stockholders of record as of February 7, 2024.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (a) Financial Statements of Business Acquired. Not applicable. (b) Pro Forma Financial Information. Not applicable. (c) Shell Company Transaction. Not applicable. (d) Exhibits. Exhibit Number Description 99.1 Press release dated January 25, 2024. 99.2 Kearny Financial Corp. investor presentation dated January 25, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. KEARNY FINANCIAL CORP . Date: January 25, 2024 By: /s/ Keith Suchodolski Keith Suchodolski Senior Executive Vice President and Chief Financial Officer