Kearny Financial (Kearny Financial) Allowance For Loans And Lease Losses : $-44.9 Mil (As of Mar. 2024)

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What is Kearny Financial Allowance For Loans And Lease Losses?

Kearny Financial's Allowance For Loans And Lease Losses for the quarter that ended in Mar. 2024 was $-44.9 Mil.

Kearny Financial's quarterly Allowance For Loans And Lease Losses increased from Sep. 2023 ($-46.9 Mil) to Dec. 2023 ($-44.9 Mil) but then declined from Dec. 2023 ($-44.9 Mil) to Mar. 2024 ($-44.9 Mil).

Kearny Financial's annual Allowance For Loans And Lease Losses increased from Jun. 2021 ($-58.2 Mil) to Jun. 2022 ($-47.1 Mil) but then declined from Jun. 2022 ($-47.1 Mil) to Jun. 2023 ($-48.7 Mil).

Kearny Financial Allowance For Loans And Lease Losses Historical Data

The historical data trend for Kearny Financial's Allowance For Loans And Lease Losses can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Kearny Financial Allowance For Loans And Lease Losses Chart

Kearny Financial Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Allowance For Loans And Lease Losses

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-33.27

-37.33

-58.17

-47.06

-48.73

Kearny Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-49.12	-48.73	-46.87	-44.87	-44.93

Kearny Financial Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

Kearny Financial Allowance For Loans And Lease Losses Related Terms

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Kearny Financial (Kearny Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Kearny Financial Corp (NAS:KRNY) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Traded in Other Exchanges

N/A

Address

120 Passaic Avenue, Fairfield, NJ, USA, 07004

Website

https://www.kearnybank.com

Kearny Financial Corp is a federally-chartered stock savings bank. The bank is engaged in the business of attracting deposits from the general public in New Jersey and New York, and using these deposits, together with other funds, to originate or purchase loans for its portfolios and invest in securities. The bank's loan portfolio is chiefly comprised of loans collateralized by commercial and residential real estate. It is also heavily into secured and unsecured business and consumer loans. The bank's primary source of income is net interest income.

Executives

Melvina Wong-zaza	director	120 PASSAIC AVENUE, FAIRFIELD NJ 07004
John F Mcgovern	director	C/O KEARNY FINANCIAL CORP, 120 PASSAIC AVENUE, FAIRFIELD NJ 07004
Curtland E Fields	director	120 PASSAIC AVENUE, FAIRFIELD NJ 07004
Thomas Demedici	officer: EVP and CCO	120 PASSAIC AVENUE, FAIRFIELD NJ 07004
Timothy A Swansson	officer: EVP and CTIO	120 PASSAIC AVENUE, FAIRFIELD NJ 07004
Leopold W Montanaro	director	C/O KEARNY FINANCIAL CORP, 120 PASSAIC AVENUE, FAIRFIELD NJ 07004
Charles J Pivirotto	director	C/O KEARNY FINANCIAL CORP., 120 PASSAIC AVENUE, FAIRFIELD NJ 07004
Mazur John J Jr	director	C/O KEARNY FINANCIAL CORP, 120 PASSAIC AVENUE, FAIRFIELD NJ 07004
John F Regan	director	C/O KEARNY FINANCIAL CORP, 120 PASSAIC AVENUE, FAIRFIELD NJ 07004
Raymond E. Chandonnet	director	120 PASSAIC AVENUE, FAIRFIELD NJ 07004
Patrick M Joyce	officer: EVP/CLO	C/O KEARNY FINANCIAL CORP, 120 PASSAIC AVENUE, FAIRFIELD NJ 07004
Theodore J Aanensen	director	C/O KEARNY FINANCIAL CORP, 120 PASSAIC AVENUE, FAIRFIELD NJ 07004
Christopher Petermann	director	120 PASSAIC AVENUE, FAIRFIELD NJ 07004
Catherine A Lawton	director	120 PASSAIC AVENUE, FAIRFIELD NJ 07004
Matthew T Mcclane	director	C/O KEARNY FINANCIAL CORP, 120 PASSAIC AVENUE, FAIRFIELD NJ 07004