Kearny Financial Management
Management criteria checks 4/4
Kearny Financial's CEO is Craig Montanaro, appointed in Apr 2011, has a tenure of 13.67 years. total yearly compensation is $1.40M, comprised of 53.5% salary and 46.5% bonuses, including company stock and options. directly owns 0.69% of the company’s shares, worth $3.12M. The average tenure of the management team and the board of directors is 6.5 years and 22.2 years respectively.
Key information
Craig Montanaro
Chief executive officer
US$1.4m
Total compensation
| CEO salary percentage | 53.5% |
| CEO tenure | 13.7yrs |
| CEO ownership | 0.7% |
| Management average tenure | 6.5yrs |
| Board average tenure | 22.2yrs |
Recent management updates
Recent updates
Dividend Dependability Vs. Low-Growth Realities At Kearny Financial
Nov 08Kearny Financial (NASDAQ:KRNY) Has Affirmed Its Dividend Of $0.11
May 05
Kearny Financial (NASDAQ:KRNY) Has Announced A Dividend Of $0.11
Feb 01Kearny Financial (NASDAQ:KRNY) Is Due To Pay A Dividend Of $0.11
Aug 01Kearny Financial (NASDAQ:KRNY) Has Announced A Dividend Of $0.11
Oct 30Kearny Financial Aggressively Buying Back Shares
Sep 30Kearny Financial authorizes 4M repurchase plan and completes 10% buyback
Aug 01Kearny Financial Continuing To Do What It Does Best
Jul 03Kearny Financial's Share Buybacks Improve Dividend Coverage
Mar 16Check Out Kearny Financial With Its Rising Dividends And Aggressive Share Repurchase
Dec 21Kearny Financial Corp.'s (NASDAQ:KRNY) CEO Compensation Looks Acceptable To Us And Here's Why
Oct 22Kearny Financial's Latest Buyback Could Boost Share Price
Oct 03CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$90m |
| Jun 30 2024 | US$1m | US$747k | -US$87m |
| Mar 31 2024 | n/a | n/a | US$15m |
| Dec 31 2023 | n/a | n/a | US$18m |
| Sep 30 2023 | n/a | n/a | US$34m |
| Jun 30 2023 | US$2m | US$739k | US$41m |
| Mar 31 2023 | n/a | n/a | US$40m |
| Dec 31 2022 | n/a | n/a | US$48m |
| Sep 30 2022 | n/a | n/a | US$64m |
| Jun 30 2022 | US$2m | US$675k | US$68m |
| Mar 31 2022 | n/a | n/a | US$75m |
| Dec 31 2021 | n/a | n/a | US$73m |
| Sep 30 2021 | n/a | n/a | US$72m |
| Jun 30 2021 | US$1m | US$650k | US$63m |
| Mar 31 2021 | n/a | n/a | US$58m |
| Dec 31 2020 | n/a | n/a | US$51m |
| Sep 30 2020 | n/a | n/a | US$45m |
| Jun 30 2020 | US$1m | US$577k | US$45m |
| Mar 31 2020 | n/a | n/a | US$40m |
| Dec 31 2019 | n/a | n/a | US$42m |
| Sep 30 2019 | n/a | n/a | US$42m |
| Jun 30 2019 | US$947k | US$560k | US$42m |
| Mar 31 2019 | n/a | n/a | US$41m |
| Dec 31 2018 | n/a | n/a | US$35m |
| Sep 30 2018 | n/a | n/a | US$26m |
| Jun 30 2018 | US$750k | US$450k | US$20m |
Compensation vs Market: Craig's total compensation ($USD1.40M) is below average for companies of similar size in the US market ($USD2.15M).
Compensation vs Earnings: Craig's compensation has been consistent with company performance over the past year.
CEO
Craig Montanaro (58 yo)
13.7yrs
Tenure
US$1,396,533
Compensation
Mr. Craig L. Montanaro has been the President and Chief Executive Officer of Kearny Financial Corp. and its subsidiary Kearny Federal Savings Bank since April 1, 2011 and April 2011 respectively. Mr. Monta...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 13.7yrs | US$1.40m | 0.69% $ 3.1m | |
| Senior EVP & COO | less than a year | US$799.88k | 0.15% $ 695.3k | |
| Executive VP & Chief Credit Officer | 7.5yrs | US$607.97k | 0.19% $ 839.7k | |
| Executive VP & Chief Banking Officer | 2.4yrs | US$627.73k | 0.12% $ 555.7k | |
| Executive VP & Chief Lending Officer | 22.9yrs | US$606.99k | 0.21% $ 945.0k | |
| Executive VP & CFO | less than a year | no data | 0.048% $ 214.3k | |
| Executive VP and Chief Technology & Innovation Officer | no data | US$766.46k | 0.10% $ 455.5k | |
| Executive VP & Chief Administrative Officer | 5.4yrs | US$548.64k | 0.35% $ 1.6m | |
| Investor Relations Associate | no data | no data | no data | |
| Executive VP & Chief Risk Officer | 8.8yrs | US$718.68k | 0.079% $ 357.7k | |
| Senior VP & Corporate Secretary | no data | no data | no data | |
| Senior VP & Director of Retail Banking of Kearny Bank | no data | no data | no data |
6.5yrs
Average Tenure
59yo
Average Age
Experienced Management: KRNY's management team is seasoned and experienced (6.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 14.2yrs | US$1.40m | 0.69% $ 3.1m | |
| Director | 21.4yrs | US$130.73k | 0.41% $ 1.8m | |
| Independent Director | 6.7yrs | US$106.80k | 0.10% $ 473.1k | |
| Independent Director | 25.9yrs | US$126.96k | 0.19% $ 841.3k | |
| Independent Director | 25.9yrs | US$141.56k | 0.48% $ 2.2m | |
| Independent Director | 31.9yrs | US$145.61k | 0.33% $ 1.5m | |
| Independent Chairman of the Board | 28.9yrs | US$142.77k | 0.36% $ 1.6m | |
| Independent Director | 22.9yrs | US$144.66k | 0.83% $ 3.7m | |
| Independent Director | 38.9yrs | US$141.22k | 0.23% $ 1.1m | |
| Independent Director | 9yrs | US$138.68k | 0.089% $ 403.2k | |
| Independent Director | 6.2yrs | US$139.49k | 0.096% $ 433.2k | |
| Independent Director | 9yrs | US$143.63k | 0.090% $ 406.8k |
22.2yrs
Average Tenure
69.5yo
Average Age
Experienced Board: KRNY's board of directors are seasoned and experienced ( 22.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 05:51 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Kearny Financial Corp. is covered by 6 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Christopher McGratty | Keefe, Bruyette, & Woods |
| Christopher O'Connell | Keefe, Bruyette, & Woods |
| Brendan Nosal | Piper Sandler Companies |