Kearny Financial (KRNY) AGM 2026 summary
Event summary combining transcript, slides, and related documents.
AGM 2026 summary
20 Oct, 2026Opening remarks and agenda
Agenda included four director elections, Crowe LLP’s appointment as independent auditor for FY ending June 30, 2027, an advisory vote on executive compensation, and stockholder questions; no shareholder proposals were properly filed.
Quorum confirmed; 64,929,382 common shares were outstanding and eligible to vote as of the August 21, 2026 record date.
Financial performance review
FY2026 net income was $36.3M, up 39%; net interest income rose 15.1% and pre-tax, pre-provision EPS grew 47%.
At June 30, 2026, assets were $7.7B, deposits $5.7B, loans $5.9B, and capital $0.8B; 40 branches served 12 counties.
FY2026 shareholder total return was 55.8%, versus 29.3% for the KBW NASDAQ Regional Bank Index; a separate comparison cited 29% for the KRX TR Bank index.
FY2026 net charge-offs were 4 bps; cumulative net charge-offs over 2006–2026 were $42.1M.
Q4 net interest margin was 2.26%; quarterly net interest income increased from $35.8M to $40.3M.
Board and executive committee updates
Theodore J. Aanensen, Curtland E. Fields, Joseph P. Mazza, and Charles J. Pivirotto were elected directors, each for a three-year term.
John J. Mazur, Jr. was identified as Chairman; the Board roster included Craig L. Montanaro and 10 other directors.
Executive leadership included COO Keith Suchodolski, CFO Sean Byrnes, Chief Banking Officer Anthony Bilotta, Chief Credit Officer Thomas DeMedici, and Chief Lending Officer Patrick Joyce.
Latest events from Kearny Financial
- Earnings rose as deposits grew, costs fell and loan remixing continued.KRNY
Q1 2027 - Shareholders will vote virtually in October 2026 on directors, auditor, and executive pay.KRNY
Proxy filing - Proxy covers director elections, auditor ratification, and say-on-pay, with strong governance focus.KRNY
Proxy filing - FY 2026 net income rose 39% with margin expansion and strong commercial loan growth.KRNY
Q4 2026 - Net income climbed to $10.1M with margin expansion, strong capital, and robust loan growth.KRNY
Q3 2026 - Q2 2026 net income was $9.4M, with margin expansion, strong capital, and improved asset quality.KRNY
Q2 2026 - Annual meeting to vote on directors, auditor, and executive pay, with strong governance and ESG focus.KRNY
Proxy Filing - Board recommends approval of all proposals, emphasizing pay-for-performance and strong governance.KRNY
Proxy Filing - All proposals passed; focus remains on digital growth, asset mix shift, and operational efficiency.KRNY
AGM 2024