Kearny Financial Q4 EPS Misses, Hit by $2.6M in One-Time Charges
KRNY sits 68% above its 52-week low of $5.76.
Summary
Kearny Financial's Q4 adjusted EPS of $0.15 missed the $0.17 consensus, with net income falling sequentially due to $2.6 million in non-recurring charges including a $1.6 million tax hit and severance costs. Core operations showed strength: net interest income rose 2.9% on higher loan yields and balances. The stock trades near its 52-week high at 12x forward earnings, up from 9x three months ago, suggesting the market has already priced in much of the improvement. The miss, while modest, may test that valuation given the lack of guidance.
At the time of this announcement, KRNY was trading at $9.70 on NASDAQ in the Finance sector, with a market capitalization of approximately $613.7M. The 52-week trading range was $5.76 to $9.76. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.