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.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.