Kearny Financial Corp (KRNY) reported Q1 2025 revenue of $37.07 million and net income of $6.09 million, translating to an EPS of $0.0976. On a year-over-year basis, revenue and gross profit declined about 14.1%, while operating income fell roughly 45.4% and net income rose 106.8% quarter-over-quarter, delivering a mixed profitability signal. The quarter’s earnings reflect a low-margin environment and a complex balance sheet structure highlighted by substantial investments and a tight liquidity position. Management commentary in typical quarterly cadence would be expected to emphasize deposit stability, balance sheet optimization, and capital allocation, though no transcript data is provided here to quote directly. The balance sheet shows total assets of $7.77 billion and stockholders’ equity of $751.5 million, with current liabilities of $5.74 billion yielding a current ratio of 0.22 and a cash ratio near 0.027, signaling meaningful liquidity risk if funding markets were stressed. KRNY’s solvency framework remains modest but adequate with total debt around $1.38 billion and a capital base that supports ongoing operations and dividend policy (dividend yield ~1.64%). The bank’s 1Q25 performance sits in a competitive regional context where ROE (~0.8%) lags peers, suggesting structural efficiency and margin challenges in the near term. Investors should focus on balance-sheet resilience, deposit trends, and any potential NIM expansion as rates evolve, alongside the company’s ability to optimize its securities portfolio and cost base.