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Kearny Financial KRNY Net surrender of bank owned life insurance

Net surrender of bank owned life insurance at other companies

WSFS Financial logo
WSFS FinancialWSFS
$0-100%
NB Bancorp, Inc. logo
NB Bancorp, Inc.NBBK
$14.6M+19.8%
Hanmi Financial logo
Hanmi FinancialHAFC
$56.7M-0.9%
Bank of Marin Bancorp logo
Bank of Marin BancorpBMRC
$71.3M+0.4%
Dime Community Bancshares
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Dime Community Bancshares DCOM
$21.13M
Horizon Bancorp logo
Horizon BancorpHBNC
$37.07M-0.9%

Other financials

Income statement

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Revenue$45.3M+17.4%
Net income$10.1M+52.5%
EPS (diluted)$0.16+45.5%

Balance sheet

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Cash & equivalents$123.8M-1.8%
Total debt$1.1B-12.7%
Total equity$763.0M+2.0%
Total assets$7.6B-1.6%

Cash flow

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Operating cash flow$7.9M-52.8%
CapEx$305.0K+110%
Free cash flow$7.6M-54.2%

Valuation

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Market cap$573.95M+47.9%
Enterprise value$1.51B+2.3%
P/E16×
P/S3.3×+0.8×

Profitability

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Net margin20.7%+12.2pp
FCF margin17.3%+4.0pp

Returns & leverage

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Return on equity4.7%+2.9pp
Debt / equity1.4×-0.2×

Where this comes from

Reported directly by Kearny Financial in its filing.

Tagged under the XBRL concept krny:NetSurrenderOfBankOwnedLifeInsurance.

The official record: Kearny Financial’s 10-K, filed August 21, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Kearny Financial's net surrender of bank owned life insurance?
Kearny Financial (KRNY) reported net surrender of bank owned life insurance of $0 in Q2 2025.
How has Kearny Financial's net surrender of bank owned life insurance changed year-over-year?
Kearny Financial's net surrender of bank owned life insurance decreased by 100.0% year-over-year, from $74.75K to $0.
What does net surrender of bank owned life insurance mean?
This metric measures the net cash impact resulting from the partial or full surrender of Bank Owned Life Insurance policies. It reflects the bank's decision to liquidate these assets to generate immediate liquidity or reallocate capital. Investors monitor this to understand changes in the bank's long-term investment strategy and cash management.