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kearnyfinancial corp . NEWS RELEASE Kearny Financial Corp. Reports Fiscal 2022 First Quarter Results and 10 % Increase in Cash Dividend 10/27/2021 FAIRFIELD , N.J. , Oct. 27 , 2021 ( GLOBE NEWSWIRE ) -- Kearny Financial Corp. ( NASDAQ GS : KRNY ) ( the " Company " ) , the holding company of Kearny Bank ( the " Bank " ) , reported net income for the quarter ended September 30 , 2021 of $ 19.7 million , or $ 0.26 per diluted share , compared to $ 18.5 million , or $ 0.24 per diluted share , for the quarter ended June 30 , 2021 . The Company also announced that its Board of Directors has declared a quarterly cash dividend of $ 0.11 per share , payable on November 24 , 2021 to stockholders of record as of November 10 , 2021. This dividend represents an increase of $ 0.01 , or 10 % , from the prior quarter's dividend of $ 0.10 per share . Craig L. Montanaro , President and Chief Executive Officer , commented , " We are very pleased with our first quarter results which reflected record earnings , continued net interest margin expansion and sustained growth in non- interest - bearing deposits , which increased 6.3 % from June 30 , 2021. Additionally , we continued to right - size our retail branch footprint with the announcement of three additional branch consolidations , bringing our total to 15 over the past two and a half years . " Mr. Montanaro continued , " Despite strong origination volume , loan balances for the quarter were negatively impacted by record levels of commercial loan repayment activity . However , we remain optimistic as our commercial loan pipeline stands at a historically high level heading into the second quarter of the fiscal year . " Regarding the Company's capital management strategies Mr. Montanaro noted , " As we move further into fiscal 2022 , capital management remains a strategic priority . Our recent authorization of a new 10 % share repurchase plan , coupled with the increase in our quarterly cash dividend , demonstrates our commitment to returning excess capital to our shareholders while retaining sufficient capital to allow us to take advantage of strategic capital deployment opportunities as they may arise . " 1