Kearny Financial fiscal 4Q profit rises

SAN FRANCISCO

Kearny Financial Corp., which is the holding company for Kearny Federal Savings Bank, said Thursday that its fiscal fourth-quarter profit jumped due to lower interest expense.

For the quarter that ended June 30, Kearny earned $2 million, or 3 cents per share. That compares with $1.1 million, or 2 cents per share, in the year-ago quarter.

The company's net interest income, which is income from loans and deposits, rose 8 percent to $14.4 million, helped by a lower interest expense.

Noninterest income, which is income from fees and charges, rose 7 percent to $644,000. Noninterest expense fell slightly to $11.7 million from $11.8 million.