Kearny Financial is the holding company for Kearny Bank, a New Jersey-chartered savings bank operating 43 branches across northern New Jersey and two New York City boroughs. The bank takes in deposits from individuals and businesses in the New York metro area and deploys those funds primarily into real estate loans. The loan portfolio totals roughly $5.8B, heavily concentrated in multi-family mortgages (~47% of loans), one-to-four-family residential mortgages (~30%), and nonresidential commercial mortgages (~17%), with small exposures to construction and C&I loans. Like most community banks, Kearny earns net interest income — the spread between what it earns on loans and investments and what it pays on deposits and borrowings. With roughly 82% of its longer-dated loans at fixed rates, Kearny's margins are sensitive to rate cycles, as deposit funding costs can reprice faster than the asset base. The bank also holds a ~$1.1B investment securities portfolio, primarily agency mortgage-backed securities. Kearny is executing a multi-year transition from a traditional thrift toward a full-service commercial community bank, focused on growing lower-cost business deposits, diversifying into floating-rate C&I and owner-occupied commercial real estate loans, and investing in digital banking capabilities to extend its reach beyond its physical branch footprint.