Kearny Financial Corp. (KRNY) Friday reported a decline in profit for the fourth quarter, due mainly to lower incomes and higher loan loss provisions.
The Fairfield, New Jersey-based company's fourth-quarter net profit was $1.20 million or $0.02 per share, compared to $3.83 million or $0.06 per share last year.
Net interest income for the quarter dropped to $17.55 million from $19.25 million in the year-ago quarter. Total non-interest income declined to $1.25 million from $2.36 million in the prior-year quarter.
Loan loss provisions for the quarter increased to $2.11 million from $1.11 million last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.