Parent Only Financial Information (Tables)
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12 Months Ended |
Jun. 30, 2025 |
Condensed Financial Information Disclosure [Abstract] |
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Condensed Statements of Financial Condition |
Condensed Statements of Financial Condition | | | | | | | | | | | | | June 30, | | 2025 | | 2024 | | (In Thousands) | Assets | | | | | | | | Cash and amounts due from depository institutions | $ | 20,773 | | | $ | 30,821 | | | | | | Loans receivable | 22,573 | | | 24,510 | | Investment in subsidiary | 702,607 | | | 698,427 | | Other assets | 670 | | | 854 | | Total Assets | $ | 746,623 | | | $ | 754,612 | | | | | | Liabilities and Stockholders' Equity | | | | | | | | Other liabilities | $ | 661 | | | $ | 1,041 | | Stockholders' equity | 745,962 | | | 753,571 | | Total Liabilities and Stockholders' Equity | $ | 746,623 | | | $ | 754,612 | |
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Schedule of Impact of Retrospective Application to Consolidated Statement of Income |
Condensed Statements of Income (Loss) and Comprehensive Income (Loss) | | | | | | | | | | | | | | | | | | | Years Ended June 30, | | 2025 | | 2024 | | 2023 | | (In Thousands) | Dividends from subsidiary | $ | 16,758 | | | $ | 19,332 | | | $ | 26,282 | | Interest income | 1,666 | | | 2,201 | | | 1,749 | | Equity in undistributed earnings of subsidiaries | 9,846 | | | (105,948) | | | 14,912 | | Total income | 28,270 | | | (84,415) | | | 42,943 | | | | | | | | Directors' compensation | 584 | | | 618 | | | 532 | | Other expenses | 1,714 | | | 1,647 | | | 1,715 | | Total expense | 2,298 | | | 2,265 | | | 2,247 | | Income (loss) before income taxes | 25,972 | | | (86,680) | | | 40,696 | | Income tax expense | (103) | | | (13) | | | (115) | | Net income (loss) | $ | 26,075 | | | $ | (86,667) | | | $ | 40,811 | | Comprehensive income (loss) | $ | 17,234 | | | $ | (80,374) | | | $ | 27,082 | |
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Condensed Statements of Cash Flows |
Condensed Statements of Cash Flows | | | | | | | | | | | | | | | | | | | Years Ended June 30, | | 2025 | | 2024 | | 2023 | | (In Thousands) | Cash Flows from Operating Activities: | | | | | | Net income | $ | 26,075 | | | $ | (86,667) | | | $ | 40,811 | | Adjustment to reconcile net income to net cash provided by operating activities: | | | | | | Equity in undistributed earnings of subsidiaries | (9,846) | | | 105,948 | | | (14,912) | | Decrease (increase) in other assets | 184 | | | (27) | | | (379) | | (Decrease) increase in other liabilities | (402) | | | 142 | | | 271 | | Net Cash Provided by Operating Activities | 16,011 | | | 19,396 | | | 25,791 | | | | | | | | Cash Flows from Investing Activities: | | | | | | Repayment of loan to ESOP | 1,937 | | | 1,874 | | | 1,817 | | | | | | | | | | | | | | | | | | | | Net Cash Provided by Investing Activities | 1,937 | | | 1,874 | | | 1,817 | | | | | | | | Cash Flows from Financing Activities: | | | | | | | | | | | | Cash dividends paid | (27,634) | | | (27,564) | | | (28,499) | | Repurchase and cancellation of common stock of Kearny Financial Corp. | — | | | (11,240) | | | (27,558) | | Cancellation of shares repurchased on vesting to pay taxes | (362) | | | (484) | | | (462) | | Net Cash Used In Financing Activities | (27,996) | | | (39,288) | | | (56,519) | | Net (Decrease) Increase in Cash and Cash Equivalents | (10,048) | | | (18,018) | | | (28,911) | | Cash and Cash Equivalents - Beginning | 30,821 | | | 48,839 | | | 77,750 | | Cash and Cash Equivalents - Ending | $ | 20,773 | | | $ | 30,821 | | | $ | 48,839 | |
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