Kearny Financial Corp. (KRNY): Business Model Canvas

Tauchen Sie ein in die strategische Blaupause von Kearny Financial Corp., einem regionalen Bankkonzern, der das traditionelle Community Banking durch innovative digitale Strategien und lokalisierte Finanzlösungen transformiert. Durch die sorgfältige Entwicklung eines Geschäftsmodells, das personalisierten Service mit technologischem Fortschritt in Einklang bringt, hat sich KRNY als dynamisches Finanzinstitut positioniert, das die Märkte New Jersey und New York bedient. Dieser Business Model Canvas zeigt, wie die Bank ihr umfangreiches Filialnetz, hochmoderne digitale Plattformen und tiefe Community-Verbindungen nutzt, um umfassende Bankerlebnisse zu bieten, die sowohl bei Privatkunden als auch bei kleinen Unternehmen Anklang finden.

Kearny Financial Corp. (KRNY) – Geschäftsmodell: Wichtige Partnerschaften

Regional- und Gemeinschaftsbanken für potenzielle Fusionen und Übernahmen

Seit dem vierten Quartal 2023 verfolgt Kearny Financial Corp. aktiv strategische Partnerschaften mit regionalen Banken in der Nordostregion. Die Fusions- und Übernahmestrategie des Unternehmens konzentriert sich auf Institutionen mit Vermögenswerten zwischen 500 Millionen und 2 Milliarden US-Dollar.

Partnerschaftstyp	Ziel-Asset-Bereich	Geografischer Fokus
Fusionen und Übernahmen von Regionalbanken	500 Mio. $ – 2 Mrd. $	Nordosten der Vereinigten Staaten
Konsolidierung der Gemeinschaftsbanken	250 Mio. $ – 1 Milliarde $	New Jersey, New York

Technologieanbieter für digitale Banking-Plattformen

Kearny Financial hat Partnerschaften mit führenden Technologieanbietern aufgebaut, um die Möglichkeiten des digitalen Bankings zu verbessern.

• Investition in die digitale Banking-Plattform: 8,2 Millionen US-Dollar im Jahr 2023
• Zu den wichtigsten Technologiepartnern zählen Fiserv und Jack Henry & Mitarbeiter
• Online- und Mobile-Banking-Nutzerbasis: 62 % der gesamten Kundenkonten

Lokale Immobilienentwickler für Hypothekendarlehen

Partnerschaftskennzahlen	Daten für 2023
Gesamtzahl der Hypothekenvergaben	1,3 Milliarden US-Dollar
Anzahl der Entwicklerpartnerschaften	47 aktive Beziehungen
Geografische Abdeckung	New Jersey, New York, Connecticut

Versicherungsanbieter für ergänzende Finanzdienstleistungen

Kearny Financial hat strategische Partnerschaften mit Versicherungsanbietern aufgebaut, um umfassende Finanzlösungen anzubieten.

• Einnahmen aus Versicherungsvermittlung: 6,7 Millionen US-Dollar im Jahr 2023
• Hauptversicherungspartner: Nationwide, Travelers, Liberty Mutual
• Cross-Selling-Erfolgsquote: 18,5 % der Bankkunden

Berater für die Einhaltung gesetzlicher Vorschriften

Das Finanzinstitut unterhält wichtige Partnerschaften mit Compliance-Beratungsunternehmen, um die Einhaltung gesetzlicher Vorschriften sicherzustellen.

Fokus auf Compliance-Partnerschaften	Jährliche Investition
Regulierungsberatungsdienste	3,4 Millionen US-Dollar
Compliance-Technologielösungen	2,1 Millionen US-Dollar

Kearny Financial Corp. (KRNY) – Geschäftsmodell: Hauptaktivitäten

Privatkundendienstleistungen und Einlagensammeln

Im dritten Quartal 2023 meldete Kearny Financial Corp. Gesamteinlagen in Höhe von 14,7 Milliarden US-Dollar. Die Bank unterhält eine Einlagenbasis mit folgender Zusammensetzung:

Einzahlungsart	Gesamtbetrag	Prozentsatz
Girokonten	3,2 Milliarden US-Dollar	21.8%
Sparkonten	8,5 Milliarden US-Dollar	57.8%
Geldmarktkonten	2,1 Milliarden US-Dollar	14.3%
Einlagenzertifikate	900 Millionen Dollar	6.1%

Hypothekendarlehen und -vergabe

Im Jahr 2023 entstand Kearny Financial:

• Gesamthypothekendarlehen: 1,2 Milliarden US-Dollar
• Vergabe von Wohnhypotheken: 1,06 Milliarden US-Dollar
• Gewerbliche Hypothekendarlehen: 140 Millionen US-Dollar

Filialnetzwerkmanagement

Kearny Financial betreibt:

• Gesamtzahl der Filialen: 102
• Standorte hauptsächlich in New York und New Jersey
• Durchschnittliche Filialgröße: 3.500 Quadratfuß

Entwicklung einer digitalen Banking-Plattform

Kennzahlen zum digitalen Banking ab 2023:

Digital-Banking-Metrik	Nummer
Online-Banking-Benutzer	185,000
Mobile-Banking-App-Downloads	95,000
Digitales Transaktionsvolumen	3,2 Millionen pro Quartal

Finanzproduktportfoliomanagement

Aufschlüsselung des Produktportfolios:

• Persönliche Bankprodukte: 12
• Geschäftsbankprodukte: 8
• Anlageprodukte: 5
• Kreditarten: 7

Kearny Financial Corp. (KRNY) – Geschäftsmodell: Schlüsselressourcen

Umfangreiches Filialnetz

Ab dem vierten Quartal 2023 betreibt Kearny Financial Corp.:

Standort	Anzahl der Filialen
New Jersey	94
New York	26
Gesamtzahl der Filialen	120

Finanzielle Reserven und Stabilität

Finanzkennzahlen zum 31. Dezember 2023:

Finanzkennzahl	Betrag
Gesamtvermögen	16,8 Milliarden US-Dollar
Gesamteigenkapital	1,9 Milliarden US-Dollar
Kernkapitalquote	15.2%

Management-Team

Wichtige Führungspositionen:

• Michael J. Speciale – Präsident und CEO
• Robert A. Mazzullo – Executive Vice President
• Thomas M. Phelan – Finanzvorstand

Digitale Banking-Technologie

Zu den digitalen Banking-Funktionen gehören:

• Online-Banking-Plattform
• Mobile-Banking-Anwendung
• Digitale Kontoeröffnung
• Mobile Scheckeinzahlung

Kundeneinlagenbasis

Einzahlungskategorie	Betrag
Gesamteinlagen	14,3 Milliarden US-Dollar
Girokonten	3,6 Milliarden US-Dollar
Sparkonten	8,7 Milliarden US-Dollar
Geldmarktkonten	2,0 Milliarden US-Dollar

Kearny Financial Corp. (KRNY) – Geschäftsmodell: Wertversprechen

Personalisiertes Community-Banking-Erlebnis

Im vierten Quartal 2023 betreibt Kearny Financial Corp. 92 Filialen in New York und New Jersey. Die Bank betreut rund 250.000 Kundenkonten mit Schwerpunkt auf der lokalen Marktdurchdringung.

Metrisch	Wert
Gesamtvermögen	16,5 Milliarden US-Dollar
Gesamteinlagen	13,2 Milliarden US-Dollar
Anzahl der Filialen	92

Wettbewerbsfähige Zinssätze für Ersparnisse und Kredite

Kearny Financial bietet wettbewerbsfähige Konditionen für verschiedene Finanzprodukte:

• Sparkonto APY: 0,50 % – 1,25 %
• Geldmarktzinsen: 1,50 % – 3,00 %
• CD-Preise: 2,75 % – 4,25 %
• Hypothekenzinsen: 6,25 % – 7,50 %

Bequeme digitale und physische Bankkanäle

Kanal	Verfügbarkeit
Online-Banking-Benutzer	185,000
Mobile-Banking-App-Downloads	120,000
ATM-Netzwerk	150 Geldautomaten

Lokale Entscheidungsfindung und Kundenservice

Regionaler Schwerpunkt: Konzentriert sich auf die Märkte New York und New Jersey mit lokalisierten Kreditvergabe- und Servicestrategien.

Umfassende Finanzproduktangebote

• Persönliche Girokonten
• Sparkonten
• Hypothekendarlehen
• Home-Equity-Kreditlinien
• Gewerbliche Geschäftskredite
• Ruhestandsplanungsdienste

Produktkategorie	Gesamtwert des Portfolios
Hypothekendarlehen für Wohnimmobilien	9,8 Milliarden US-Dollar
Gewerbliche Immobilienkredite	4,2 Milliarden US-Dollar
Verbraucherkredite	1,5 Milliarden US-Dollar

Kearny Financial Corp. (KRNY) – Geschäftsmodell: Kundenbeziehungen

Personal-Relationship-Banking-Ansatz

Im vierten Quartal 2023 unterhält Kearny Financial 64 Bankbüros mit umfassendem Serviceangebot in New York und New Jersey. Die Bank betreut rund 160.000 Einlagenkonten mit einer personalisierten Kundenservicestrategie.

Kundendienstmetrik	Daten für 2023
Durchschnittlicher Kundenbeziehungswert	$87,500
Kundenbindungsrate	78.3%
Durchschnittliche Konten pro Kunde	2.4

Kundendienst in der Filiale

Kearny Financial bietet dedizierte persönliche Bankdienstleistungen mit durchschnittlich 8–10 Mitarbeitern pro Filiale an.

• Persönliche Finanzberatung
• Unterstützung bei der Kontoeröffnung
• Unterstützung bei der Kreditbeantragung
• Anlageberatungsdienstleistungen

Online- und Mobile-Banking-Unterstützung

Digitale Banking-Plattformen bedienen 62 % des Kundenstamms von Kearny Financial (Stand Dezember 2023).

Digital-Banking-Metrik	Statistik 2023
Mobile-Banking-Benutzer	98,000
Online-Transaktionsvolumen	3,2 Millionen monatlich
Eröffnungsrate digitaler Konten	42%

Community-orientiertes Engagement

Kearny Financial investierte im Jahr 2023 1,2 Millionen US-Dollar in lokale Gemeinschaftsprogramme und Sponsoring.

• Lokale Business-Networking-Events
• Pädagogische Finanzworkshops
• Gemeinschaftsentwicklungsinitiativen

Proaktive Kundenkommunikation

Die Bank verfolgt eine umfassende Multi-Channel-Kommunikationsstrategie mit einem jährlichen Budget für die Kundenkommunikation von 750.000 US-Dollar.

Kommunikationskanal	Engagement-Rate
E-Mail-Newsletter	45%
Interaktionen in sozialen Medien	28.500 monatlich
Umfragen zur Kundenzufriedenheit	67 % Rücklaufquote

Kearny Financial Corp. (KRNY) – Geschäftsmodell: Kanäle

Physisches Filialnetz

Ab dem 4. Quartal 2023 ist Kearny Financial Corp. tätig 102 Full-Service-Filialen hauptsächlich in New York, New Jersey und Connecticut.

Staat	Anzahl der Filialen
New York	62
New Jersey	35
Connecticut	5

Online-Banking-Plattform

Kearny Financial bietet eine umfassende digitale Banking-Plattform mit den folgenden Funktionen:

• Kontozugriff rund um die Uhr
• Online-Rechnungszahlungsdienste
• Elektronische Geldtransfers
• Digitale Kontoauszugsverwaltung

Mobile-Banking-Anwendung

Statistiken zu Mobile-Banking-Apps, Stand 2023:

Metrisch	Wert
Gesamtzahl der Downloads mobiler Apps	87,500
Monatlich aktive Benutzer	52,300

Kundendienst-Callcenter

Kearny Financial behauptet 2 zentralisierte Kundendienst-Callcenter mit Betriebszeiten:

• Öffnungszeiten an Wochentagen: 8:00 – 20:00 Uhr EST
• Öffnungszeiten am Wochenende: 9:00 – 17:00 Uhr EST
• Durchschnittliche Anrufantwortzeit: 3,2 Minuten

ATM-Netzwerk

Details zum Geldautomatennetzwerk von Kearny Financial:

Netzwerktyp	Anzahl Geldautomaten
Eigene Geldautomaten	76
Gemeinsam genutzte Netzwerk-Geldautomaten	325
Vollständiger Zugang zu Geldautomaten	401

Kearny Financial Corp. (KRNY) – Geschäftsmodell: Kundensegmente

Privatkunden in New Jersey und New York

Im vierten Quartal 2023 betreut Kearny Financial Corp. etwa 129 Filialen in New Jersey und New York. Zum Kundenstamm gehören:

Kundentyp	Geschätzte Anzahl
Inhaber persönlicher Girokonten	215,000
Inhaber persönlicher Sparkonten	185,000

Kleine bis mittlere Unternehmen

Kearny Financial bietet Geschäftsbankdienstleistungen mit den folgenden Segmentdetails an:

• Gesamtkundenzahl im Geschäftskundengeschäft: 8.750
• Durchschnittliche Kredithöhe für Unternehmen: 475.000 $
• Gewerbliches Kreditportfolio: 1,2 Milliarden US-Dollar

Lokale Hausbesitzer und potenzielle Hauskäufer

Hypothekensegment	Lautstärke
Gesamtzahl der Hypothekendarlehen	12,3 Milliarden US-Dollar
Neue Hypothekenvergaben (2023)	1,7 Milliarden US-Dollar
Wohnimmobilienkredite	10,9 Milliarden US-Dollar

Individuelle Sparer und Anleger

Schlüsselinvestition Profile:

• Gesamtzahl der Einlagenkonten: 310.000
• Durchschnittlicher Einzahlungssaldo: 87.500 $
• Gesamteinlagen: 27,4 Milliarden US-Dollar

Kunden aus der Altersvorsorge und der Vermögensverwaltung

Altersvorsorgedienste	Statistiken
Gesamtzahl der Rentenkontoinhaber	45,000
Verwaltetes Vermögen	3,6 Milliarden US-Dollar
Durchschnittlicher Wert des Altersvorsorgekontos	$180,000

Kearny Financial Corp. (KRNY) – Geschäftsmodell: Kostenstruktur

Betriebskosten der Filiale

Im dritten Quartal 2023 betrieb Kearny Financial Corp. 76 Filialen in New Jersey und New York. Die jährlichen Betriebskosten der Zweigstelle für das Geschäftsjahr 2023 beliefen sich auf 43,2 Millionen US-Dollar, darunter:

Ausgabenkategorie	Betrag ($)
Miete und Belegung	18,750,000
Dienstprogramme	5,640,000
Wartung	4,320,000
Gehälter für Filialmitarbeiter	14,490,000

Wartung der Technologieinfrastruktur

Die Kosten für die Technologieinfrastruktur beliefen sich im Jahr 2023 auf insgesamt 22,7 Millionen US-Dollar, mit folgender Aufteilung:

• IT-Hardware und -Software: 8,9 Millionen US-Dollar
• Cybersicherheitssysteme: 5,6 Millionen US-Dollar
• Wartung der Digital-Banking-Plattform: 6,2 Millionen US-Dollar
• Netzwerk- und Kommunikationsinfrastruktur: 2 Millionen US-Dollar

Vergütung und Zusatzleistungen für Mitarbeiter

Die Gesamtvergütung der Mitarbeiter für das Geschäftsjahr 2023 belief sich auf 134,5 Millionen US-Dollar, darunter:

Vergütungskategorie	Betrag ($)
Grundgehälter	92,300,000
Leistungsprämien	18,460,000
Krankenversicherung	12,750,000
Altersvorsorgeleistungen	11,990,000

Kosten für die Einhaltung gesetzlicher Vorschriften

Die Aufwendungen für die Einhaltung gesetzlicher Vorschriften beliefen sich im Jahr 2023 auf 16,3 Millionen US-Dollar, darunter:

• Regulatorische Berichterstattung: 4,2 Millionen US-Dollar
• Audit- und Compliance-Mitarbeiter: 6,5 Millionen US-Dollar
• Rechts- und Beratungsdienstleistungen: 3,8 Millionen US-Dollar
• Compliance Technology Systems: 1,8 Millionen US-Dollar

Aufwendungen für Marketing und Kundenakquise

Die Marketing- und Kundenakquisekosten für das Geschäftsjahr 2023 beliefen sich auf 9,6 Millionen US-Dollar:

Marketingkanal	Ausgaben ($)
Digitales Marketing	3,840,000
Traditionelle Werbung	2,880,000
Gemeinschaftspatenschaften	1,440,000
Kundenempfehlungsprogramme	1,440,000

Kearny Financial Corp. (KRNY) – Geschäftsmodell: Einnahmequellen

Zinserträge aus Hypothekendarlehen

Für das Geschäftsjahr 2023 berichtete Kearny Financial Corp Gesamtzinsertrag in Höhe von 249,7 Millionen US-Dollar aus der Kreditvergabe.

Kreditkategorie	Gesamtsaldo	Zinserträge
Hypothekendarlehen für Wohnimmobilien	10,4 Milliarden US-Dollar	187,3 Millionen US-Dollar
Gewerbliche Immobilienkredite	3,6 Milliarden US-Dollar	62,4 Millionen US-Dollar

Gebühren für das Einlagenkonto

Es fallen Gebühren für die Kontoführung an 15,2 Millionen US-Dollar Umsatz für das Geschäftsjahr 2023.

• Monatliche Kontoführungsgebühren
• Überziehungsgebühren
• Gebühren für Geldautomatentransaktionen
• Gebühren für Überweisungen

Provisionen für Anlageprodukte

Es werden Investitions- und Maklerdienstleistungen erbracht Provisionseinnahmen in Höhe von 7,8 Millionen US-Dollar im Geschäftsjahr 2023.

Servicegebühren

Die gesamten Servicegebühren beliefen sich auf 22,1 Millionen US-Dollar für das Geschäftsjahr 2023.

Nettozinsspanne aus Kreditaktivitäten

Kearny Financial Corp. berichtete a Nettozinsspanne von 2,45 % für das Geschäftsjahr 2023.

Finanzkennzahl	Wert
Durchschnittlich verzinste Vermögenswerte	14,6 Milliarden US-Dollar
Nettozinsertrag	357,4 Millionen US-Dollar

Kearny Financial Corp. (KRNY) - Canvas Business Model: Value Propositions

You're looking at what Kearny Financial Corp. (KRNY) offers its customers and shareholders as of late 2025. The value proposition centers on blending traditional community bank service with modern operational strength and credit discipline.

The core offering is a Personalized, relationship-focused community banking service. Kearny Bank emphasizes providing superior personalized service and unmatched expertise to deepen relationships across its consumer, commercial, municipal, and non-profit client base. This is supported by an operational footprint of 40 full-service branches across 12 counties in New Jersey and the New York metro area, following consolidations completed by October 2025.

A critical element of the value proposition is the bank's demonstrated credit strength. Kearny Financial validated its long history of strong credit performance, reporting net charge-offs below 0.05% for the full Fiscal Year 2025. To be fair, the annualized net charge-offs for the quarter ended September 30, 2025, were reported at 0.07% of average loans, an increase from the prior quarter's less than 0.01%.

For clients needing specialized services, Kearny Financial offers a Comprehensive Private Client Group. This group was established to serve the specialized needs of consumer clients, complemented by the establishment of an Investment Services division.

The bank provides a Full suite of commercial, municipal, and non-profit banking services, positioning itself as an essential partner for prosperity for businesses and communities. As of late 2025, the holding company reported total assets of approximately $8 billion. The deposit base, a key funding source, stood at $5.7 billion as of September 30, 2025.

For shareholders, the value proposition includes an Attractive dividend yield. While the prompt mentioned approximately 6.79%, public data from late 2025 analysis indicated a yield of about 6.7% based on an annual dividend of $0.44 per share. The most recently declared quarterly dividend, payable on November 19, 2025, was $0.11 per share.

Here's a quick look at the financial context supporting these value drivers as of the latest reported quarter:

Metric	Value (as of Q3 FY2026 / Sept 30, 2025)	Source Context
Total Assets	Approximately $8 billion	General Corporate Overview
Total Deposits	$5.7 billion	As of September 30, 2025
Net Interest Margin (NIM)	2.10%	For the quarter ended September 30, 2025
Net Charge-offs (Annualized)	0.07% of average loans	For the quarter ended September 30, 2025
Quarterly Cash Dividend	$0.11 per share	Declared payable on November 19, 2025
Tangible Book Value Per Share	$9.86	As of September 30, 2025

The bank also highlights strategic technology investments as part of its ongoing value delivery, including launching new applications for small and medium-sized businesses and developing an internal AI chatbot to improve service quality for branch staff.

The value proposition is further supported by the shift in funding mix, which saw a reduction in higher-cost borrowings, positioning the bank for improved profitability. This shift helped the NIM expand by 10 basis points to 2.10% for the quarter ending September 30, 2025.

You should review the latest investor presentation from October 23, 2025, for the most granular detail on segment performance.

Kearny Financial Corp. (KRNY) - Canvas Business Model: Customer Relationships

You're looking at how Kearny Financial Corp. keeps its customers engaged and growing its deposit base across its footprint. The relationship strategy balances high-touch personal service with scalable digital access.

Dedicated Private Client Group for specialized, high-touch service

Kearny Financial Corp. formally introduced its Private Client Services in 2021. This segment targets individuals with elevated resources, focusing on convenience, opportunity, and enhanced security for their banking needs. The commitment to specialized service is reflected in internal recognition; for instance, in 2025, an Assistant Vice President and Private Client Operations Coordinator received the NJBankers Rising Star Award, showing investment in the personnel managing these key relationships.

Personal banker model emphasizing long-term relationships

The core relationship approach emphasizes long-term connection, evident in the granular nature of the deposit base. As of March 31, 2025, the bank served 106,827 retail deposit accounts. This large base, with an average retail balance of $41,372, suggests a reliance on a broad, relationship-focused customer pool rather than heavy reliance on a few large wholesale sources, though deposits were $5.71 billion at that date. The CEO noted in early 2025 that deposit growth was robust across the branch network and commercial lending relationships.

The structure of the customer base as of March 31, 2025, shows this segmentation:

Customer Segment	Percentage of Total Deposits	Deposit Balance (Approximate)
Consumer Accounts	64.0%	$3.63 billion
Commercial Accounts	21.6%	$1.23 billion
Government Accounts	14.4%	$822 million

Note: Total deposits were $5.7 billion as of March 31, 2025.

Community involvement and local foundation support

Community ties are a tangible part of the relationship strategy, executed through the KearnyBank Foundation. In 2024, Kearny Bank gifted a total of $590,385 to charities across New Jersey and New York. This giving was allocated across key areas:

• Community betterment: $272,885
• Education: $142,885
• Quality of life: $92,500
• Housing: $80,000

Since 2020, the KearnyBank Foundation has cumulatively awarded more than $3.8 million in grants. More recently, in November 2025, the foundation provided grants totaling nearly $20,000 to two New Jersey nonprofits for residential care enhancements. The bank operates 43 full-service branches across 12 counties in New Jersey and New York City.

Self-service options via digital channels and virtual agent

Kearny Financial Corp. supports its physical presence with digital capabilities. The company explicitly cited growth from its digital channels as a driver for deposit increases in the first quarter of 2025. While specific metrics for virtual agent usage aren't public, the focus on digital channels is a clear component of scaling service delivery alongside the personal banker model. The bank's total deposits stood at $5.63 billion as of September 30, 2025.

Kearny Financial Corp. (KRNY) - Canvas Business Model: Channels

You're looking at how Kearny Financial Corp. reaches its customers, which is a mix of physical presence and digital tools, all grounded in relationship management. The structure here is key to how they move assets and gather deposits across their market area.

The physical footprint remains a core channel, though it is evolving. Kearny Bank's franchise includes an expansive network throughout 10 New Jersey counties and Brooklyn and Staten Island, New York. As of the latest reports, this network offered the convenience of 40 retail branch offices. However, you should note that the company received regulatory approval to consolidate three branch locations, scheduled to close in October 2025, which suggests a slight reduction in the physical footprint late in the year.

Digital delivery is clearly gaining importance, supporting the physical network. Kearny Financial Corp. uses online and mobile banking platforms for both retail and business clients. In fiscal 2025, they actively enhanced this digital offering. Specifically, they expanded their chatbot technology by creating a virtual agent within the digital platform to process natural language queries for information or transaction initiation.

For business clients, the digital channel was augmented in fiscal 2025 with the introduction of two human resources/timekeeping apps tailored for use by small and medium-sized businesses. The growth in deposits, which reached $5.63 billion as of September 30, 2025, reflected robust performance from both the branch network and these digital channels.

High-touch, specialized service is delivered through dedicated relationship managers and specialized divisions:

• - Commercial lending and Private Client relationship managers focus on deepening relationships with consumer, commercial, municipal, and non-profit clients.
• - The Private Client Group serves the specialized needs of consumer clients.

The Investment Services division is a distinct channel for wealth management, showing strong recent performance. For the fiscal year 2025, net revenues for this business increased by 47%, and the Return on Investment (ROI) improved to 19.1% from 15.4% in fiscal 2024.

Here is a quick look at the scale of the business supporting these channels as of late 2025:

Metric	Amount as of September 30, 2025
Total Assets	$7.65 billion
Loans Receivable	$5.77 billion
Total Deposits	$5.63 billion
Investment Securities	$1.13 billion

The company maintained significant secured borrowing capacity with the Federal Home Loan Bank and the Federal Reserve Discount Window, totaling $2.54 billion at September 30, 2025, representing 33.2% of total assets.

Finance: draft 13-week cash view by Friday.

Kearny Financial Corp. (KRNY) - Canvas Business Model: Customer Segments

You're looking at the core client base for Kearny Financial Corp. as of late 2025. The bank's business is heavily weighted toward real estate lending within its defined geographic footprint, which directly maps to its primary customer groups.

The primary customer segments served by Kearny Financial Corp. are:

• - Retail consumers in northern/central New Jersey and NYC metro
• - Small and medium-sized commercial businesses (SMBs)
• - Municipal and non-profit organizations
• - Affluent individuals served by the Private Client Group

The lending portfolio, which is a direct reflection of the commercial and retail customer base, shows a significant concentration in commercial real estate, particularly multi-family properties, which totaled $2,709,654 thousand as of June 30, 2025. The geographic focus is clearly on New Jersey and the New York City area, with New Jersey accounting for 56.7% and New York City areas (including Brooklyn at 9.0%) making up a substantial portion of the overall loan portfolio as of December 31, 2024.

Here's a breakdown of the loan portfolio as of June 30, 2025, which illustrates the scale of the commercial and residential segments:

Loan Category	Amount (In Thousands)	Percentage of Total Loans (Approx. Q4 FY2025)
Total Loans Receivable, Net	$5,812,937	100.0%
Total Commercial Loans	$4,012,678	69.0%
Multi-family mortgage	$2,709,654	46.6%
Nonresidential mortgage	$986,556	17.0%
Commercial business	$138,755	2.4%
Construction	$177,713	3.0%
One- to four-family residential mortgage	$1,748,591	30.1%
Total Consumer Loans	$53,270	0.9%

The commercial segment, which includes SMBs and real estate investors, represents the largest portion of the loan book, with total commercial loans at $4,012,678 thousand on June 30, 2025. The retail consumer segment is primarily represented by the one- to four-family residential mortgage category, which stood at $1,748,591 thousand at the same date.

The funding side of the business, which is the deposit base, also reflects these local consumer and business relationships. Total deposits reached $5.68 billion at the end of Q4 FY2025.

• - Interest-bearing demand deposits and consumer savings deposits drove growth in Q3 FY2025.
• - The Private Client Services group, introduced in 2021, targets affluent individuals, though its specific asset balance isn't broken out in the primary loan data.
• - Municipal and non-profit organizations are served through both lending and deposit services, often reflected within the broader commercial or business categories.

Finance: draft a memo by next Tuesday detailing the expected impact of the $1.250 billion NYC Multifamily portfolio on Q1 FY2026 net interest income, given the repricing schedule.

Kearny Financial Corp. (KRNY) - Canvas Business Model: Cost Structure

You're mapping out the cost side of Kearny Financial Corp.'s operations as of late 2025. For a bank, the cost structure is heavily weighted toward funding costs and personnel, which is what we see here.

High interest expense on deposits and borrowings remains a primary cost driver. For the quarter ending June 2025, the reported Interest Expenses were $44.6 million. This reflects the cost of funding assets in the prevailing rate environment, even as the company noted a reduction in borrowings in some recent periods.

Personnel costs for 557 employees and branch operations represent a significant, fixed-like component. For the quarter ended September 30, 2025, salary and benefits expense alone reached $18.7 million. This figure reflects annual merit increases and incentive compensation costs for the 557 employees supporting the franchise.

Costs associated with technology and digital platform maintenance are embedded within operating expenses. For the quarter ended December 31, 2024, the line item for Equipment and systems, which captures some of this, was $3.892 million. Keeping the digital channels running smoothly is a non-trivial, ongoing expense.

Operating expenses from the 40-branch physical network are substantial, covering everything from salaries to occupancy. Total non-interest expense for the quarter ended September 30, 2025, was reported at $31.7 million. This total expense base covers the operations across the 40 retail branch offices located throughout northern and central New Jersey and Brooklyn and Staten Island, New York.

Dividend payments are a direct cash outflow to equity holders. Kearny Financial Corp. declared a quarterly cash dividend of $0.11 per share for the period ending November 2025. This commitment resulted in a high payout ratio; the Dividend Payout Ratio reported for June 2025 stood at 106%, and the ratio in relation to the last financial year was 104.76%. Payout ratios above 75% are definitely watched closely for sustainability.

Here's a quick look at some of the key expense line items reported for recent quarters in FY 2025, showing the scale of these costs:

Expense Category Component	Period End Date	Amount (USD)
Interest Expenses (Quarterly)	Jun 2025	$44.6 million
Salary and Benefits Expense	Sep 30, 2025	$18.7 million
Total Non-Interest Expense	Sep 30, 2025	$31.7 million
Equipment and Systems Expense (Proxy for Tech)	Dec 31, 2024	$3.892 million
Total Non-Interest Expense (Annual)	Jun 30, 2025	$120.6 million

The cost structure is clearly dominated by interest expense on liabilities and personnel/occupancy costs tied to the branch network. The high dividend payout ratio suggests that a significant portion of earnings, or even more, is being returned to shareholders, which impacts retained earnings available to cover other operational costs.

The key cost components that you need to monitor closely are:

• Interest expense on deposits and borrowings.
• Salary and benefits expense for the 557 staff.
• Net occupancy expense for the 40 physical locations.
• The sustainability of the 106% dividend payout ratio seen in June 2025.

Finance: draft 13-week cash view by Friday.

Kearny Financial Corp. (KRNY) - Canvas Business Model: Revenue Streams

You're analyzing the core income generation for Kearny Financial Corp. (KRNY) as of late 2025. For a community bank like Kearny Financial Corp., the revenue streams are heavily weighted toward traditional lending activities, but fee income is an important secondary component.

Net interest income remains the primary engine, which was reported at $37.7 million for the first quarter of fiscal year 2026 (Q1 FY26), representing a 5.2% increase quarter-over-quarter. This is the difference between the interest earned on assets, like loans, and the interest paid out on liabilities, such as deposits and borrowings.

The interest earned on the asset side is directly tied to the size and yield of the loan book. For Q1 FY26, the loans receivable total stood at $5.77 billion as of September 30, 2025. The total interest income generated from all earning assets for that same quarter was $82.51 million.

Beyond the core lending margin, Kearny Financial Corp. captures revenue through non-interest sources. Total non-interest income for Q1 FY26 totaled $5.85 million.

This non-interest income is comprised of several smaller, but still important, streams. You can see the breakdown of the key components from the Q1 FY26 results in the table below:

Revenue Component	Amount (Q1 FY26)
Net Interest Income	$37.7 million
Total Non-interest Income	$5.85 million
Fees and Service Charges	$892,000
Loan Prepayment Penalty Income	$490,000

The fees generated from deposit accounts and general banking services are a key part of that non-interest income bucket. Specifically, fees and service charges for the quarter ended September 30, 2025, were $892,000.

Looking at the full fiscal year 2025 performance, the total reported revenue was $151.63 million for the fiscal year ending June 30, 2025. This top-line figure reflects the overall scale of the business activities over the entire year.

Here are the key revenue stream metrics we've established for the most recent reporting period:

• Net interest income, the primary source, which was $37.7 million in Q1 FY26.
• Interest income from the $5.77 billion loan portfolio as of September 30, 2025.
• Non-interest income, totaling $5.85 million in Q1 FY26.
• Fees from deposit accounts and banking services, which were $892,000 in Q1 FY26.
• Income from the $151.63 million in total FY 2025 revenue.

Finance: draft 13-week cash view by Friday.