v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities:      
Net income (loss) $ 36,264 $ 26,075 $ (86,667)
Adjustment to reconcile net income to net cash provided by operating activities:      
Goodwill impairment 0 0 97,370
Depreciation and amortization of premises and equipment 3,983 4,386 4,730
Net accretion of yield adjustments (625) (1,134) (2,516)
Deferred income taxes 2,782 (942) (867)
Realized mark to market gain on hedge (63) 0 0
Amortization of intangible assets 468 495 526
Net change in benefit plan accrued expense 109 609 69
Provision for credit losses 1,698 2,366 6,226
Loss on sale of other real estate owned 0 0 974
Loans originated for sale (128,277) (111,975) (75,576)
Proceeds from sale of mortgage loans held-for-sale 129,118 112,886 89,603
(Gain) loss on sale of mortgage loans held-for-sale, net (932) (806) 282
Realized loss on sale/call of securities available for sale 0 0 18,135
Realized (gain) loss on disposition of premises and equipment (1,753) 24 (11)
Increase in cash surrender value of bank owned life insurance (10,751) (10,449) (8,826)
ESOP and stock-based compensation expense 3,778 3,176 4,003
Decrease (increase) in interest receivable 223 1,423 (1,388)
Decrease (increase) in other assets 4,527 6,517 (4,938)
(Decrease) increase in interest payable (1,108) (4,731) 1,336
(Decrease) increase in other liabilities (1,706) (3,149) 1,506
Net Cash Provided by Operating Activities 37,735 24,771 43,971
Purchases of:      
Investment securities available for sale (258,310) (104,885) (74,000)
Investment securities held to maturity (180) (240) (300)
Proceeds from:      
Repayments/calls/maturities of investment securities available for sale 322,730 183,816 132,981
Repayments/calls/maturities of investment securities held to maturity 13,461 15,640 10,886
Sale of investment securities available for sale 0 0 104,083
Purchase of loans (173,500) (730) (60,341)
Net decrease (increase) in loans receivable 101,055 (66,041) 141,035
Purchase of interest rate caps (1,274) (2,729) (2,065)
Proceeds from sale of other real estate owned 0 0 11,982
Additions to premises and equipment (2,461) (3,383) (1,350)
Proceeds from death benefit of bank owned life insurance 935 3,606 3,478
Net surrender of bank owned life insurance 0 0 299
Proceeds from cash settlement of premises and equipment 3,932 16 0
Purchase of FHLB stock (52,744) (54,450) (68,606)
Redemption of FHLB stock 57,279 70,489 60,040
Net Cash Provided by Investing Activities 10,923 41,109 258,122
Cash Flows from Financing Activities:      
Net increase (decrease) in deposits 34,410 517,113 (471,027)
Repayment of term FHLB advances (3,641,500) (4,183,500) (6,197,500)
Proceeds from term FHLB advances 3,485,000 3,855,000 6,450,000
Net increase (decrease) in other short-term borrowings 50,000 (125,000) (50,000)
Net (decrease) increase in advance payments by borrowers for taxes (755) 1,908 (929)
Repurchase and cancellation of common stock of Kearny Financial Corp. 0 0 (11,240)
Cancellation of shares repurchased on vesting to pay taxes (424) (362) (484)
Dividends paid (27,835) (27,634) (27,564)
Net Cash (Used in) Provided by Financing Activities (101,104) 37,525 (308,744)
Net (Decrease) Increase in Cash and Cash Equivalents (52,446) 103,405 (6,651)
Cash and Cash Equivalents - Beginning 167,269 63,864 70,515
Cash and Cash Equivalents - Ending 114,823 167,269 63,864
Cash paid during the year for:      
Income taxes, net of refunds 8,957 4,062 6,634
Interest 170,138 194,264 184,938
Non-cash investing and financing activities:      
Transfers from loans receivable to loans held-for-sale 0 0 10,754
Acquisition of other real estate owned in settlement of loans $ 5,519 $ 0 $ 0