Kearny Financial Corp. held its Annual Meeting of Stockholders on October 17, 2024, where the company reviewed its financial results and strategic outlook for the fiscal year ended June 30, 2024. The meeting highlighted Kearny's position as a top 10 New Jersey-based financial institution, operating 43 full-service branches across 12 counties in New Jersey and New York City. The company emphasized its community-focused approach and its history as an active acquirer, having completed seven whole-bank acquisitions since 1999.
As of September 30, 2024, Kearny Financial Corp. reported total assets of $7.7 billion, with loans totaling $5.7 billion and deposits reaching $5.2 billion. The tangible book value per share stood at $9.90, and the market capitalization was $443.7 million. These figures provide a snapshot of the company's scale and financial foundation as it concluded its fiscal year.
The strategic outlook reiterated the company's focus on helping clients achieve financial goals and fostering thriving communities. The presentation also included a review of the company's Board of Directors and Executive Management Team, underscoring leadership stability and experience in guiding the institution through its operational objectives.
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