Craig Montanaro - Kearny Financial CEO

KRNY Stock  USD 8.27  0.08  0.98%   

CEO

Mr. Craig L. Montanaro is the President, Chief Executive Officer of Kearny Financial Corporationrationand Kearny Bank. Prior to that time, he had served as President and Chief Operating Officer since April 2010. He previously performed the duties of Senior Vice President and Director of Strategic Planning for Kearny Bank and Kearny Financial from 2005 to March 2010 and from 2003 to 2004 served as Vice President and Regional Branch Administrator. He is a 1988 graduate of Syracuse University earning a Bachelors Degree in finance and marketing and in 2000 received his MBA from Fairfield University. He also received a Graduate Degree in banking from the National School of Banking at Fairfield University since 2011.
Age 58
Tenure 13 years
Address 120 Passaic Avenue, Fairfield, NJ, United States, 07004-3510
Phone(973) 244-4500
Webhttps://www.kearnybank.com
Montanaro, formerly employed by West Essex Bank as Senior Vice President and Chief Operating Officer, joined Kearny Bank when that bank was acquired by Kearny Bank in 2003. West Essex Bank had employed him beginning in 1988. In addition to solid management and administrative skills, his knowledge and understanding of the financial, economic, social and regulatory environments make him a valuable asset to Kearny Financial, Kearny Bank and to the Board of Directors. Craig L. Montanaro is the son of Director Leopold W. Montanaro.

Kearny Financial Management Efficiency

The company has return on total asset (ROA) of (0.0115) % which means that it has lost $0.0115 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.113) %, meaning that it created substantial loss on money invested by shareholders. Kearny Financial's management efficiency ratios could be used to measure how well Kearny Financial manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to rise to -0.01 in 2024. Return On Capital Employed is likely to drop to 0.02 in 2024. At this time, Kearny Financial's Non Current Assets Total are fairly stable compared to the past year. Non Currrent Assets Other is likely to rise to about 6.5 B in 2024, whereas Total Assets are likely to drop slightly above 4.7 B in 2024.
Kearny Financial Corp currently holds 1.61 B in liabilities with Debt to Equity (D/E) ratio of 2.92, implying the company greatly relies on financing operations through barrowing. Note, when we think about Kearny Financial's use of debt, we should always consider it together with its cash and equity.

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Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States. Kearny Financial Corp. was founded in 1884 and is headquartered in Fairfield, New Jersey. Kearny Financial operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 596 people. Kearny Financial Corp (KRNY) is traded on NASDAQ Exchange in USA. It is located in 120 Passaic Avenue, Fairfield, NJ, United States, 07004-3510 and employs 552 people. Kearny Financial is listed under Regional Banks category by Fama And French industry classification.

Management Performance

Kearny Financial Corp Leadership Team

Elected by the shareholders, the Kearny Financial's board of directors comprises two types of representatives: Kearny Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kearny. The board's role is to monitor Kearny Financial's management team and ensure that shareholders' interests are well served. Kearny Financial's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Kearny Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
Erika Parisi, Executive VP, Branch Administrator, Executive VP of Kearny Federal Savings Bank and Branch Administrator of Kearny Federal Savings Bank
Patrick Joyce, Chief Lending Officer, Executive VP, Chief Lending Officer of Kearny Federal Savings Bank and Executive VP of Kearny Federal Savings Bank
Anthony Bilotta, Executive Vice President Chief Banking Officer
John Dunne, Executive Officer
Taryn Rockwell, IR Contact Officer
Timothy Swansson, Executive Officer
Sean Byrnes, Executive CFO
Keith Suchodolski, CFO, Executive Vice President
Thomas DeMedici, Executive Vice President and Chief Credit Officer
Gail Corrigan, Senior Secretary
Linda Hanlon, Senior Bank
Craig Montanaro, CEO and President Director, CEO of Kearny Federal Savings Bank and President of Kearny Federal Savings Bank and Director of Kearny Federal Savings Bank

Kearny Stock Performance Indicators

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