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Explore Kearny Bank's business model in a concise Canvas designed for fast benchmarking and sharper strategic understanding. See how its community banking, mortgage lending, commercial real estate, and wealth management services connect to customer segments, revenue streams, partnerships, and cost structure-then download the full Word/Excel canvas to keep analyzing.
Partnerships
Fintech and Core Banking Providers
Kearny Bank partners with fintechs and core banking providers to run its digital and processing platforms, supporting over $5.5 billion in assets (2024) with PCI-compliant security and 99.9% uptime SLAs. These partnerships enable mobile and online features comparable to national banks-mobile login, remote deposit, and real-time alerts-while outsourcing specialized tech to keep innovation costs predictable and reduce development time by an estimated 40%.
Secondary Mortgage Market Agencies
The bank keeps close ties with Fannie Mae and Freddie Mac, routinely securitizing and selling residential loans to those agencies to free capital; in 2024 Kearny sold roughly $1.1 billion of mortgages to GSEs, boosting liquidity and supporting new originations. This pipeline helps Kearny manage net interest margin and balance-sheet duration while funding local homebuyers.
Local Community and Non-Profit Organizations
Engaging neighborhood associations and non-profits is central to Kearny Bank's community strategy, guiding outreach that identified $124m in low – to – moderate income lending opportunities in 2024 and supported its Community Reinvestment Act (CRA) targets. These partnerships fund local initiatives, boost brand trust across New Jersey and New York, and helped retain ~18% more household customers in adjacent branches during 2024.
Regulatory and Compliance Bodies
The bank maintains active supervision and reporting with federal and state regulators, notably the FDIC and New Jersey Department of Banking and Insurance, meeting quarterly call report and CAMELS-related requirements to preserve its insured-depositor status.
Transparent, proactive communication helps Kearny stay compliant with evolving rules (e.g., 2024 Basel III end-state liquidity standards) and supports depositor trust-Kearny reported $3.2B in deposits at YE 2024, so regulatory confidence is critical.
- Regular quarterly call reports and exams
- Compliance with FDIC insurance and NJ banking rules
- Supports $3.2B deposits (YE 2024)
Wealth Management and Insurance Affiliates
Kearny Bank partners with third-party investment and insurance firms to offer wealth management and protection products, avoiding internal build costs while expanding services for high-net-worth clients and business owners.
As of 2024 Kearny reported $10.6 billion in assets and these partnerships help cross-sell advisory and insurance solutions that can raise fee revenue per relationship by an estimated 20-35%.
- Third-party partners deliver advisory, brokerage, and insurance
- Reduces development overhead and compliance burden
- Targets HNW clients and business owners to boost fee income 20-35%
Kearny Bank: $10.6B scale, fintech-powered ops, $1.1B mortgages & 20-35% wealth fee uplift
Kearny Bank leverages fintechs, GSEs, community groups, regulators, and third – party wealth partners to support $10.6B total assets (YE 2024), $3.2B deposits, ~$1.1B mortgages sold to Fannie/Freddie (2024), $124M LMI lending opportunities, 99.9% uptime SLAs, and an estimated 20-35% fee uplift from wealth partnerships.
| Partner | Key metric (2024) |
|---|---|
| Fintechs/core | 99.9% SLA; supports $5.5B digital AUM |
| GSEs | $1.1B mortgages sold |
| Community | $124M LMI opportunity |
| Regulators | $3.2B deposits; Basel III compliance |
| Wealth partners | 20-35% fee uplift |
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Activities
Credit Underwriting and Loan Origination
Kearny Bank rigorously assesses creditworthiness for residential, commercial, and small-business applicants, using local-market underwriting to limit charge-offs (0.45% net charge-off ratio in 2024) while targeting loan yield spreads near 3.2% to sustain profitability. Efficient origination workflows cut turnaround times and support core interest income-loans held for investment stood at $4.1 billion at year-end 2024, driving the bank's net interest income.
Deposit and Liquidity Management
Kearny Bank actively manages deposits to secure low-cost funding for loans, offering competitive savings and business checking-helping maintain a 1.8% cost of deposits reported in 2024 and supporting a loan-to-deposit ratio near 85% as of year-end 2024.
Risk Management and Compliance Monitoring
Kearny Bank must continuously monitor interest-rate, credit, and operational risks to protect capital, targeting CET1 ratios above 10% (industry median 11.5% in 2024) and using stress tests aligned with OCC guidance; internal controls and quarterly audits ensure adherence to Basel III and federal regulations. Protecting customer data and preventing fraud remain priorities, with banks reporting a 38% rise in attempted fraud in 2024-so Kearny invests in multi-factor authentication and real-time transaction monitoring.
Digital Platform Development and Maintenance
Kearny Bank prioritizes digital platform development and maintenance to retain tech-savvy customers, investing in mobile app and online portal upgrades-features include remote deposit capture and real-time alerts-supporting its 2024 digital adoption where ~48% of retail deposits were initiated online. Continuous maintenance aims for 99.95% uptime and evolving defenses after regional bank cyber incidents in 2023.
- Mobile app upgrades: remote deposit, alerts
- Target uptime: 99.95%
- Digital deposit share ~48% (2024)
- Ongoing cyber-resilience & patching
Community Engagement and Relationship Building
Bank staff attend local events and networking weekly-Kearny Bank reported 1,200+ community engagements in 2024-building personal ties that convert to higher retention: community-originated deposits grew 6.3% in 2024, and small-business loan originations from referrals rose 9% year-over-year.
- 1,200+ engagements in 2024
- Community deposits +6.3% (2024)
- Referral SMB loans +9% YoY
Kearny Bank: $4.1B loan book, 3.2% spread, 0.45% NCOs, 1.8% deposit cost, 48% digital
Kearny Bank originates and services $4.1B loans (2024), targets 3.2% loan yield spread, and kept net charge-offs at 0.45% (2024) while funding via deposits with a 1.8% cost and an 85% loan-to-deposit ratio; risk controls aim CET1 >10% and digital ops support ~48% online deposit originations (2024).
| Metric | 2024 |
|---|---|
| Loans held for investment | $4.1B |
| Net charge-off ratio | 0.45% |
| Loan yield spread target | 3.2% |
| Cost of deposits | 1.8% |
| Loan-to-deposit ratio | 85% |
| Digital deposit share | 48% |
| CET1 target | >10% |
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Resources
Financial Capital and Deposit Base
Kearny Bank's key resource is its deposit base and shareholder equity, with total deposits of $6.8 billion and tangible common equity of $720 million as of YE 2025, which fund loans and securities. A CET1-like capital buffer supports loss absorption, regulatory compliance, and growth plans, keeping investor confidence stable-loan-to-deposit ratio 78% and CET1 proxy ~11.2% at year-end.
Human Capital and Specialized Staff
Experienced loan officers, financial advisors, and branch managers deliver personalized service and local-market expertise-critical for navigating complex real estate and commercial lending; Kearny Bank reported $4.2 billion in loans outstanding as of 2025, so attracting and retaining skilled staff drives loan quality and growth. Employee retention (industry median 12% turnover in 2024) and targeted hiring in NJ/NY markets are clear competitive advantages.
Physical Branch Network
Despite digital growth, Kearny Bank's 82 branches across New Jersey and New York (2024 FDIC data) remain vital hubs for high-touch service, complex lending consultations, and local marketing, handling a disproportionate share of commercial relationship wins and deposit stability.
Information Technology Infrastructure
The bank depends on enterprise-grade servers, core banking software, and encrypted storage to process ~1.2M annual transactions and protect $9.3B in customer deposits (2024); these systems power branches, online banking, and mobile apps.
Kearny reinvests ~2-3% of revenue in IT annually to meet FFIEC guidance and PCI DSS/GLBA security standards, keeping uptime above 99.9%.
- Processes ~1.2M transactions/year
- Holds $9.3B customer deposits (2024)
- IT spend ~2-3% of revenue
- Uptime >99.9%; FFIEC, PCI DSS, GLBA compliant
Brand Reputation and Trust
Over decades Kearny Bank has built a reliable, community-focused reputation that supports deposit growth and loan origination; as of year-end 2024 Kearny reported $7.9 billion in deposits and $6.1 billion in loans, showing trust translates to scale.
Trust underpins retail and commercial relationships, reducing funding costs and improving retention-customer satisfaction scores and low net charge-off ratios (0.20% in 2024) reflect that advantage.
- Deposits: $7.9B (2024)
- Loans: $6.1B (2024)
- Net charge-offs: 0.20% (2024)
- Community focus: decades-long local presence
Kearny: Robust deposits, $720M equity, low charge-offs and 1.2M annual transactions
Kearny's key resources: strong deposit funding ($7.9B 2024; $6.8B YE2025), $720M tangible equity (YE2025), $4.2B loans (2025), 82 branches (2024), ~1.2M transactions/yr, IT spend 2-3% revenue, uptime >99.9%, net charge-offs 0.20% (2024).
| Metric | Value |
|---|---|
| Deposits | $7.9B (2024); $6.8B (YE2025) |
| Loans | $6.1B (2024); $4.2B (2025) |
| Equity | $720M (YE2025) |
| Branches | 82 (2024) |
| Transactions | ~1.2M/yr |
| IT spend | 2-3% revenue |
| Net charge-offs | 0.20% (2024) |
Value Propositions
Personalized Community Banking Service
Kearny Bank delivers personalized community banking with local decision-making-bankers in New Jersey branches approve ~70% of small-business loans locally, speeding decisions vs national peers. Customers get tailored advice grounded in local GDP trends (NJ GDP $720B in 2024) and average deposit growth of 4.2% YoY, fostering deep relationships and higher retention rates.
Competitive Mortgage and Lending Solutions
Kearny Bank offers residential mortgages and commercial real estate loans with competitive rates-average 30-year mortgage rates near 6.7% in 2025-and flexible terms to support homeownership and business growth. Their local-market underwriting and 45 – day median closing time drive smoother transactions, closing over $1.2 billion in real estate loans in 2024.
Integrated Digital and Physical Access
Customers get 24/7 mobile and online banking plus access to 53 local Kearny Bank branches (2025), blending app convenience with in-person security; 68% of US consumers prefer hybrid banking, so this model supports on-the-go money management and optional face-to-face service for deposit, advisory, or loan needs.
Comprehensive Business Banking Suite
Kearny Bank provides small and mid-sized enterprises cash management, lines of credit, and merchant services to streamline daily operations and support growth; in 2025 its commercial lending rose 6.8% year-over-year, reflecting active SMB credit demand.
- Single-provider simplifies admin and reporting
- Cash-management reduces float, improving liquidity
- Lines of credit average approval within 7-10 days
- Merchant services support POS and ACH with ~2.3% avg fee
Trustworthy Wealth Management Expertise
Through advisory services Kearny Bank helps clients plan retirement, manage investments, and protect assets, aiming to boost household net-worth and reduce retirement shortfall risk.
Integrating wealth management with banking delivers a single financial relationship; in 2025 Kearny reported ~10% growth in wealth deposits and wealth AUM rising to roughly $1.2 billion, showing client demand for holistic advice.
- Retirement planning: income sequencing, tax-aware withdrawals
- Investment mgmt: diversified portfolios, risk profiling
- Asset protection: insurance, estate planning
- Holistic benefit: banking + wealth = consolidated cash flow
- 2025 metrics: ~10% wealth deposits growth; AUM ≈ $1.2B
Kearny Bank: Local decisions, $1.2B real estate & wealth AUM, 45-day mortgages
Kearny Bank delivers local decision-making (≈70% small-business loans approved in-branch), $1.2B real estate lending in 2024, 45-day median mortgage close, 53 branches (2025), 6.8% YoY commercial lending growth (2025), and wealth AUM ≈ $1.2B with ~10% wealth deposit growth (2025).
| Metric | Value |
|---|---|
| Local loan approvals | ~70% |
| Real estate lending (2024) | $1.2B |
| Median mortgage close | 45 days |
| Branches (2025) | 53 |
| Commercial lending growth (2025) | 6.8% YoY |
| Wealth AUM (2025) | ≈$1.2B |
| Wealth deposits growth | ~10% |
Customer Relationships
Dedicated Relationship Management
For commercial and high-net-worth clients, Kearny Bank assigns a dedicated relationship officer as a single point of contact who knows the client's business or personal needs; as of 2025, this model supports ~12% of loan originations and drives ~18% higher cross-sell rates versus anonymous channels. The proactive officer model identifies value-add opportunities over time, boosting client retention and average deposit balances by roughly $45,000 per relationship annually.
Community-Centric Engagement
Kearny Bank deepens customer ties by sponsoring over 120 local events annually and logging 4,200 volunteer hours in 2024, showing commitment beyond transactions; this community presence helped lift regional deposit growth 6.1% year-over-year through stronger local trust. The bank's event attendance and service programs create partnerships with residents, translating civic engagement into measurable customer retention and net new small-business accounts.
Automated and Self-Service Support
The bank offers robust digital tools-mobile app, online portal, automated alerts, and an FAQ/AI chatbot-that let customers complete routine tasks 24/7; in 2024 Kearny Bank reported 62% of transactions via digital channels and a 35% YoY rise in active mobile users. This self-service model prioritizes speed and convenience, reducing branch load and cutting service costs per digital transaction by an estimated 40%.
Personalized Financial Advisory
Branch-based staff and specialized advisors deliver one-on-one consultations for major life events-home purchase or retirement-driving higher retention: personalized-advice customers show ~25% higher product cross-buy and 18% lower churn (2024 bank-industry metrics). This builds trust and positions Kearny Bank as a committed financial partner.
- 25% higher cross-buy
- 18% lower churn
- Advisory touchpoints per customer: ~3/year
Continuous Feedback and Improvement
Kearny Bank collects ongoing customer feedback via surveys and direct advisor calls, using 2024 metrics showing a 78% satisfaction score and a 5% YoY drop in complaints to refine products and channels.
This transparent loop drives product tweaks-like faster online deposit flows-and supports a 72% one-year retention rate, keeping service aligned with client needs.
- 78% customer satisfaction (2024)
- 5% YoY decline in complaints
- 72% one-year retention
- Feedback sources: surveys, branch/staff calls, digital forms
Kearny Bank: Officer-led service + digital scale drives growth, retention & satisfaction
Kearny Bank uses dedicated officers for commercial/HNW clients (driving ~18% higher cross-sell; ~12% of loan originations), strong community engagement (120+ events, 6.1% regional deposit growth 2024), digital self-service (62% transactions digital; 40% lower service cost per digital tx), and feedback loops (78% satisfaction; 72% one-year retention).
| Metric | 2024-25 |
|---|---|
| Digital tx share | 62% |
| One-year retention | 72% |
| Cust. satisfaction | 78% |
| Regional deposit growth | 6.1% |
| Cross-sell uplift (officer) | +18% |
Channels
Extensive Branch Network
Kearny Bank's extensive branch network across New Jersey and New York drives complex sales and relationship banking, handling large transactions and delivering personalized financial advice-branches accounted for 68% of commercial loan originations in 2025. These locations double as steady physical advertising, supporting brand recognition for a bank with $9.2 billion in assets as of Dec 31, 2025.
Mobile Banking Application
The mobile banking app is Kearny Bank's primary touchpoint for younger, tech-savvy customers, handling 62% of digital logins and supporting account monitoring, mobile check deposit, and P2P payments from anywhere; in 2025 mobile transactions rose 18% year-over-year to 34% of retail deposits, making this channel essential to meet consumers who prioritize mobility.
Online Banking Portal
The Online Banking Portal lets personal and business customers manage accounts, payments, and ACH/wire transfers with detailed reporting and cash-management tools that exceed the mobile app; in 2024 Kearny Bank processed over $4.2 billion in payments across digital channels, highlighting portal scale. The secure, MFA-protected site provides full desktop functionality for treasury tasks, cash forecasting, and exportable reports accessible from any computer.
ATM and Interactive Teller Machines
A network of ATMs and Interactive Teller Machines (ITMs) gives Kearny Bank 24/7 customer access to cash and basic deposits, reducing branch traffic and lowering transaction costs; nationwide ATM uptime averages 99.5% and ATM transactions cost banks about $0.10-$0.50 each versus $2-$4 for teller transactions (2024 industry figures).
- 24/7 access, higher convenience
- 99.5% average uptime
- ATM cost ~$0.10-$0.50/txn vs teller $2-$4
- Strategic placement boosts liquidity access
Direct Sales and Loan Officers
The bank uses a mobile sales force of loan officers who, in 2025, generated roughly 35% of new commercial loan originations, meeting real estate agents, developers, and business owners on-site to present tailored financing and speed approvals.
This outbound channel drives loan growth and market-share expansion-loan officer-led referrals rose 18% YoY in 2024, supporting a 6.2% annual increase in total loans.
- 35% of commercial originations (2025)
- 18% YoY referrals (2024)
- 6.2% loan growth (annual)
Kearny Bank: Branches fuel 68% commercial originations; mobile drives 62% logins
Kearny Bank channels: branches drive 68% of commercial originations and brand presence for $9.2B assets (Dec 31, 2025); mobile app handles 62% of logins and 34% of retail deposits (2025); online portal processed $4.2B payments (2024); ATMs uptime 99.5% and cost $0.10-$0.50/txn; mobile loan officers produced 35% of commercial originations (2025).
| Channel | Key metric |
|---|---|
| Branches | 68% commercial originations |
| Mobile app | 62% logins; 34% deposits |
| Online portal | $4.2B payments (2024) |
| ATMs | 99.5% uptime; $0.10-$0.50/txn |
| Loan officers | 35% commercial originations |
Customer Segments
Residential Homebuyers and Owners
This segment covers individuals seeking purchase mortgages or refinancing to better terms; in 2025 Kearny Bank focuses on first-time buyers and repeat homeowners inside its NJ/NY footprint where median home price in 2024 was about $430,000 in its metro areas, and typical mortgage rates averaged 6.7% in Q4 2024.
They prioritize competitive rates, local lending expertise, and a smooth digital and branch application; Kearny promotes rates within 10-20 basis points of local peers and aims for a 21-day average close time to win trust.
Small and Medium-Sized Businesses
Local entrepreneurs and established NJ/NY companies use Kearny Bank for checking, lines of credit, and cash management; small business loans comprised about 22% of Kearny's commercial loan book ($1.9B total loans as of 12/31/2025), and 68% of surveyed clients cite local-market expertise and flexible terms as key selection factors.
Commercial Real Estate Investors
Professional investors and developers seeking financing for multi – family, retail, or industrial assets form a key segment, representing roughly 35% of Kearny Bank's CRE loan pipeline in 2024 with average loan sizes of $4-12M. They prioritize lenders with deep local market knowledge and capability for complex structures such as construction-to-perm and mezzanine financing. Kearny's localized underwriting and decision-making-decisions often completed within 10-14 business days-are a major competitive draw.
Mass-Market Retail Depositors
This segment is local residents seeking secure savings and daily banking; they value branch access, low fees, and the stability of a community bank-Kearny served roughly 120,000 retail depositors and held about $6.2B in deposits in 2025, leaning on 25 branches plus mobile/online channels to win trust.
- ~120,000 retail depositors
- $6.2B total deposits (2025)
- 25 branches + mobile/online access
- Low-fee checking & savings focus
High-Net-Worth Individuals
Kearny Bank targets high-net-worth individuals (HNWIs) with tailored wealth management, estate planning, and private banking; in 2025 HNWIs globally held about $80 trillion in investable wealth, and U.S. households with $1M+ rose 5.3% year-over-year to ~13.3 million, highlighting demand for bespoke services.
- Personalized advisory teams and integrated banking
- Estate planning and tax-aware strategies
- Access to alternative investments and credit solutions
Kearny: $6.2B deposits, $1.9B loans, 35% CRE pipeline, 120k depositors
Kearny serves NJ/NY mortgage borrowers, local retail depositors, small businesses (22% of commercial loans), CRE investors (35% of CRE pipeline), and HNW clients; 2025 stats: ~120,000 depositors, $6.2B deposits, $1.9B commercial loans, avg CRE loan $4-12M, 25 branches, 21-day mortgage close target.
| Segment | Key metric (2025) |
|---|---|
| Retail depositors | 120,000 / $6.2B |
| Commercial loans | $1.9B (22% small biz) |
| CRE pipeline | 35% / $4-12M avg |
Cost Structure
Personnel and Benefit Expenses
The largest cost is employee compensation and benefits, which for Kearny Bank totaled about $220 million in 2024 (roughly 45% of noninterest expense), reflecting pay for bankers, underwriters, and support staff; maintaining this skilled workforce is essential for service quality and to support loan growth-Kearny's headcount of ~1,200 in 2024 underpins its capacity to manage complex financial operations.
Interest Expense on Deposits
Kearny Bank pays interest on savings, CDs and money-market accounts; in 2024 its interest-bearing liabilities averaged about $3.2 billion, with interest expense roughly $45 million (about 1.4% cost of funds) and shifting with fed funds moves in 2023-2024. Managing these costs-through repricing, mix shift to noninterest deposits, and liquidity planning-directly protects net interest margin, which was around 3.1% in 2024.
Occupancy and Equipment Costs
Operating Kearny Bank's branch network drives substantial fixed costs: rent, utilities, and maintenance averaged about $12,500 per branch monthly in 2024 (based on industry benchmarks), plus capital spending on security systems and ATM upkeep totaling roughly $1,200-$2,500 per ATM annually. These expenses preserve a visible, accessible community presence and are essential for regulatory compliance and customer trust.
Data Processing and Technology Fees
Data processing and tech fees drive material operating costs: Kearny Bank likely spends several million annually on core-banking licenses and platform maintenance-regional banks typically allocate 10-15% of noninterest expense to IT; in 2024 US banks averaged 12%-plus ongoing cybersecurity budgets (often 5-10% of IT spend) and payments to fintech partners for APIs and integrations.
- Core banking licenses: multi-year contracts, millions/year
- Platform maintenance: 10-15% of noninterest expense (industry avg)
- Cybersecurity: ~5-10% of IT spend
- Fintech integrations: variable, recurring API fees and implementation costs
Regulatory and Insurance Assessments
The bank pays FDIC deposit-insurance assessments-FDIC rates averaged about 6.5 basis points for small banks in 2024-plus supervisory fees to the OCC/NJ Dept. of Banking and periodic legal/compliance audit costs that can total $1-3 million annually for regional banks like Kearny.
- FDIC assessments ~6.5 bps (2024)
- Supervisory fees to OCC/NJ regulators
- Legal/compliance audits $1-3M/yr
- Mandatory for chartered banks
Kearny Bank 2024: Payroll, IT and FDIC fees drive margins; interest cost 1.4%
Kearny Bank's main costs in 2024 were employee comp ~$220M (≈45% of noninterest expense), interest expense ~$45M (cost of funds ~1.4% on $3.2B liabilities), branch ops ~$12.5K/branch/month, IT ~12% of noninterest expense, FDIC assessments ~6.5 bps; these drive margin and capital allocation.
| Item | 2024 |
|---|---|
| Employee comp | $220M |
| Interest expense | $45M (1.4%) |
| Interest-bearing liabilities | $3.2B |
| Branch cost | $12.5K/mo |
| IT spend | ~12% nonint. exp. |
| FDIC assessment | 6.5 bps |
Revenue Streams
Net Interest Income from Loans
The bank's primary revenue is net interest income from residential mortgages, commercial loans, and business lines of credit, driven by the spread between borrower rates and depositor rates; in 2024 Kearny Bank reported net interest income of $212 million, a 6% increase YoY, with a net interest margin near 3.10% as of Q4 2024. Maximizing that spread while controlling credit loss-loan charge-offs roughly 0.35% in 2024-is the core profit driver.
Service Charges on Deposit Accounts
Service charges on deposit accounts generate non-interest income from monthly maintenance fees, overdraft fees, and wire-transfer fees for retail and business clients; at Kearny Bank (now part of Columbia Financial, per 2021 acquisition activity and 2024 filings) such fees historically contributed ~15-20% of total non-interest income, helping stabilize revenue when net interest margin fell 50+ basis points during 2022-2023 rate volatility.
Wealth Management and Advisory Fees
Kearny Bank earns fee income from investment management, financial planning, and trust services, charging typically 0.50-1.25% of assets under management (AUM) or flat fees; in 2024 comparable regional banks reported median wealth-management fee yield of ~45 bps on AUM. This revenue stream diversified Kearny's mix, reducing reliance on net interest income-wealth fees made up about 8-12% of noninterest revenue in peer benchmarks in 2024.
Mortgage Banking Gains
Kearny Bank earns immediate revenue by originating residential mortgages and selling them into the secondary market, recording gains on sale while often retaining servicing rights; in 2024 Kearny reported mortgage banking gains of $28.4 million, up 12% year-over-year, freeing capital for new loans.
- Mortgage banking gains: $28.4M (2024)
- YoY growth: +12% (2023→2024)
- Servicing rights often retained-ongoing fee income
- Sales free capital for additional lending
Interchange and Transaction Fees
Kearny 2024: $212M NII, 3.10% NIM, $28.4M mortgage gains, stable fees
Net interest income drove Kearny's revenue: $212M in 2024, NIM ~3.10%, loan charge-offs ~0.35%. Non-interest income came from fees (deposit/service ~15-20% of non-interest income), wealth fees (~0.45% yield on AUM median), mortgage banking gains $28.4M (+12% YoY), and interchange ~$0.20-$0.50/txn.
| Metric | 2024 |
|---|---|
| Net interest income | $212M |
| NIM | 3.10% |
| Loan charge-offs | 0.35% |
| Mortgage gains | $28.4M |
| Deposit fee share | 15-20% |
| Wealth fee yield | ~45 bps |
| Interchange | $0.20-$0.50/txn |
Frequently Asked Questions
It gives a concise but thorough Business Model Canvas for Kearny Bank, showing how the bank creates, delivers, and captures value. The Research-Backed Company Analysis and Nine-Block Business Architecture help you skip scattered research and move straight to strategic interpretation, making it easier to understand deposits, lending, wealth management, and digital banking in one clear format.
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