v3.25.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities:      
Net income (loss) $ 26,075 $ (86,667) $ 40,811
Adjustment to reconcile net income to net cash provided by operating activities:      
Goodwill impairment 0 97,370 0
Depreciation and amortization of premises and equipment 4,386 4,730 5,733
Net accretion of yield adjustments (1,134) (2,516) (5,084)
Deferred income taxes (942) (867) 2,789
Amortization of intangible assets 495 526 563
Net change in benefit plan accrued expense 609 69 358
Provision for credit losses 2,366 6,226 2,486
Loss on sale of other real estate owned 0 974 139
Loans originated for sale (111,975) (75,576) (106,288)
Proceeds from sale of mortgage loans held-for-sale 112,886 89,603 127,416
(Gain) loss on sale of mortgage loans held-for-sale, net (806) 282 1,700
Realized loss on sale/call of securities available for sale 0 18,135 15,227
Realized gain on sale of loans receivable 0 0 (55)
Realized loss (gain) on disposition of premises and equipment 24 (11) (2,886)
Increase in cash surrender value of bank owned life insurance (10,449) (8,826) (8,645)
ESOP and stock-based compensation expense 3,176 4,003 4,873
Decrease (increase) in interest receivable 1,423 (1,388) (7,667)
Decrease (increase) in other assets 6,517 (4,938) 2,833
(Decrease) increase in interest payable (4,731) 1,336 9,776
(Decrease) increase in other liabilities (3,149) 1,506 (14,530)
Net Cash Provided by Operating Activities 24,771 43,971 69,549
Purchases of:      
Investment securities available for sale (104,885) (74,000) (166,483)
Investment securities held to maturity (240) (300) (40,398)
Proceeds from:      
Repayments/calls/maturities of investment securities available for sale 183,816 132,981 124,687
Repayments/calls/maturities of investment securities held to maturity 15,640 10,886 12,095
Sale of investment securities available for sale 0 104,083 105,199
Purchase of loans (730) (60,341) (702)
Net (increase) decrease in loans receivable (66,041) 141,035 (435,111)
Proceeds from sale of loans receivable 0 0 706
Purchase of interest rate caps (2,729) (2,065) (758)
Proceeds from sale of other real estate owned 0 11,982 315
Additions to premises and equipment (3,383) (1,350) (1,355)
Proceeds from death benefit of bank owned life insurance 3,606 3,478 4,997
Net surrender of bank owned life insurance 0 299 0
Proceeds from cash settlement of premises and equipment 16 0 3,480
Purchase of FHLB stock (54,450) (68,606) (98,275)
Redemption of FHLB stock 70,489 60,040 73,685
Net Cash Provided by (Used in) Investing Activities 41,109 258,122 (417,918)
Cash Flows from Financing Activities:      
Net increase (decrease) in deposits 517,113 (471,027) (232,804)
Repayment of term FHLB advances (4,183,500) (6,197,500) (5,650,000)
Proceeds from term FHLB advances 3,855,000 6,450,000 6,280,000
Net decrease in other short-term borrowings (125,000) (50,000) (25,000)
Net increase (decrease) in advance payments by borrowers for taxes 1,908 (929) 1,592
Repurchase and cancellation of common stock of Kearny Financial Corp. 0 (11,240) (27,558)
Cancellation of shares repurchased on vesting to pay taxes (362) (484) (462)
Dividends paid (27,634) (27,564) (28,499)
Net Cash Provided by (Used in) Financing Activities 37,525 (308,744) 317,269
Net Increase (Decrease) in Cash and Cash Equivalents 103,405 (6,651) (31,100)
Cash and Cash Equivalents - Beginning 63,864 70,515 101,615
Cash and Cash Equivalents - Ending 167,269 63,864 70,515
Cash paid during the year for:      
Income taxes, net of refunds 4,062 6,634 9,883
Interest 194,264 184,938 108,516
Non-cash investing and financing activities:      
Transfers from loans receivable to loans held-for-sale 0 10,754 3,545
Acquisition of other real estate owned in settlement of loans $ 0 $ 0 $ 13,232