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Kearny Financial KRNY Bank Owned Life Insurance

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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 us-gaap:BankOwnedLifeInsurance.

The official record: Kearny Financial’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Kearny Financial's bank owned life insurance?
Kearny Financial (KRNY) reported bank owned life insurance of $312.05M in Q1 2026.
How has Kearny Financial's bank owned life insurance changed year-over-year?
Kearny Financial's bank owned life insurance increased by 2.8% year-over-year, from $303.63M to $312.05M.
What is the long-term trend for Kearny Financial's bank owned life insurance?
Over 4 years (2021 to 2025), Kearny Financial's bank owned life insurance has grown at a 1.8% compound annual growth rate (CAGR), from $283.31M to $304.72M.
What does bank owned life insurance mean?
This represents the cash surrender value of life insurance policies purchased by the bank on the lives of its officers or employees. The bank is the beneficiary of these policies, which are used to offset the costs of employee benefit plans. It serves as a tax-advantaged asset that provides long-term financial stability and liquidity for the institution.