Kearny Financial Corp Announces Wholesale Restructuring, Adoption Of Operating Efficiency Initiative

Published on December 08, 2022 07:53 AM PST

Kearny Financial Corp Announces Wholesale Restructuring, Adoption Of Operating Efficiency Initiative — Image source: ©2022 Kalkine Media®

Dec 8 (Reuters) - Kearny Financial Corp:

* KEARNY FINANCIAL CORP. ANNOUNCES WHOLESALE RESTRUCTURING AND ADOPTION OF OPERATING EFFICIENCY INITIATIVE

* KEARNY FINANCIAL CORP - EXECUTED SALE OF $121.4 MILLION OF LOWER-YIELDING AVAILABLE-FOR-SALE DEBT SECURITIES FOR ESTIMATED AFTER-TAX LOSS OF ABOUT $11.0 MILLION

* KEARNY FINANCIAL CORP - ANNOUNCED ADOPTION OF A COMPANY-WIDE OPERATING EFFICIENCY INITIATIVE

* KEARNY FINANCIAL CORP - ACTIONS INCLUDE REDUCTION OF VENDOR SPEND, AND REALIGNMENT OF COMPANY'S WORKFORCE

* KEARNY FINANCIAL CORP - LOSS ON SALE OF SECURITIES IS EXPECTED TO HAVE A NOMINAL IMPACT ON TANGIBLE BOOK VALUE Source text for Eikon: Further company coverage:

Reuters

Reuters -
93357 Posts
...

Disclaimer

The above content is directly sourced from Reuters under a contractual arrangement. The content is being provided as a convenience and for informational purposes only; and does not constitute an endorsement or approval by Kalkine Media of any of the products, services, or opinions of the organization or individual. The user is apprised that Kalkine Media bears no responsibility for the accuracy, legality, or content of Reuters, any external sites, or for that of subsequent links. The user is requested to contact Reuters directly for answers to questions regarding the content. Please note that Kalkine Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.