trending Market Intelligence /marketintelligence/en/news-insights/trending/2V1glYAr0cQNGfzp-ytmrQ2 content esgSubNav
In This List

Kearny Financial commences new buyback plan

Blog

Balance Sheet Strategy in an Unusual Rate Environment

Blog

Investors' Views of the Industry Today & the Outlook for Tomorrow

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion


Kearny Financial commences new buyback plan

Kearny Financial Corp.'s board approved a new buyback plan, authorizing repurchases of up to 9,218,324 common shares, or 10% of the company's currently outstanding common stock.

Shares will be repurchased from time to time in the open market, through block trades, in privately negotiated transactions or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1.

The new buyback plan followed the recent completion of the Fairfield, N.J.-based company's previous buyback program that authorized the repurchase of up to 10,238,557 common shares. The company repurchased these shares for a total cost of $138.8 million, or an average cost of $13.55 per share.