Kearny Bank

What sets Kearny Bank apart

• Among the 339 banks of $1 bn to $10 bn, few report a lower return on equity (ROE) than Kearny Bank, at 4.90% in Q2 2026; the group median is 12.68%.
• Kearny Bank reports one of the lowest tier 1 leverage ratio readings among banks of $1 bn to $10 bn: 8.83% at Q2 2026, where the median of the 339 banks is 10.45%.
• Since Q1 2016, Kearny Bank has taken over 2 institutions; the latest was Millington Bank on 10 July 2020.

How large is Kearny Bank?

The balance sheet of Kearny Bank at Q2 2026: assets $7.7 bn, deposits $5.7 bn, net loans $5.8 bn (loans equal to 101.73% of deposits). Securities make up 14.0% of total assets at Kearny Bank. Since Q1 2016, when Kearny Bank held $4.5 bn, its assets grew 70.9%. In the year to Q2 2026, deposits at Kearny Bank rose 0.6% while its total assets fell 0.8%. At Q2 2026, Kearny Bank employed 520 full-time equivalent staff across 40 offices, about $14.7 mn of assets per employee and $143.4 mn of deposits per office.

How much funding at Kearny Bank is uninsured?

At Kearny Bank, uninsured deposits (above the FDIC limit) made up 39.15% of domestic deposits at Q2 2026 (+4.27 pp on a year earlier); Kearny Bank ranks 201st of 500 on this measure. In dollars, Kearny Bank estimated $2.2 bn of uninsured deposits.

Key facts, Q2 2026

US rank of Kearny Bank: 1 = highest unless marked 1 = lowest.

The CET1 ratio of Kearny Bank stood at 13.44% in Q2 2026, -0.17 pp year on year. Low and high at Kearny Bank since Q1 2016: 11.45% (Q4 2022) to 25.16% (Q2 2016). Equity capital of Kearny Bank at Q2 2026: $721.3 mn, or 9.4% of total assets. Kearny Bank also reported a total capital ratio of 14.38% for Q2 2026, and a tier 1 leverage ratio of 8.83%.

On held-to-maturity securities, Kearny Bank carried an unrealized loss of $11.8 mn at Q2 2026, equal to 1.6% of equity capital. The loss narrowed by $1.7 mn over the year. Its deepest point: $20.7 mn in Q3 2023. The available-for-sale portfolio of Kearny Bank showed an unrealized loss of $96.5 mn at Q2 2026; the loss narrowed by $15.6 mn over the year.

For the year to Q2 2026, Kearny Bank earned a return on equity of 4.90%; return on assets: 0.46%. Net interest margin at Kearny Bank: 2.28%, +0.30 pp in a year. Kearny Bank net income: $17.6 mn, up 28.6% year on year. The efficiency ratio of Kearny Bank was 71.67%: about 72 cents cost per revenue dollar, against 58 cents at the median peer.

At Q2 2026, noncurrent loans were 0.81% of total loans at Kearny Bank; net charge-offs: 0.02% of average loans. Gross loans and leases at Kearny Bank: $5.9 bn, up 1.1% in a year.

The peer group of Kearny Bank is the 6 banks nearest to it by total assets at Q2 2026: 3 larger and 3 smaller. Of the peers, 2 share the charter type of Kearny Bank (state-chartered stock savings bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in New Jersey. Against them, Kearny Bank shows CET1 ratio 13.44% against a peer median of 11.41%, return on equity 4.90% against a peer median of 11.59% and uninsured deposit share 39.15% against a peer median of 32.39%.

The FDIC history of Kearny Bank, oldest first; figures before and after each event are not like for like.

1. 2 April 2018. Absorbed Clifton Savings Bank (FDIC certificate 28633).
2. 10 July 2020. Absorbed Millington Bank (FDIC certificate 30022).

Large one-quarter moves at Kearny Bank

• Total assets at Kearny Bank changed by +33.6% in the quarter to 2018-06-30: Absorbtion - Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Clifton Savings Bank.