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Parent Only Financial Information (Tables) | 12 Months Ended
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Jun. 30, 2023
Condensed Financial Information Disclosure [Abstract] |
Condensed Statements of Financial Condition | Condensed Statements of Financial Condition
| June 30,
| 2023 |  | 2022
| (In Thousands)
Assets |  |  |
Cash and amounts due from depository institutions | $ | 48,839 |  |  | $ | 77,750 |
Loans receivable | 26,384 |  |  | 28,201 |
Investment in subsidiary | 794,080 |  |  | 788,021 |
Other assets | 827 |  |  | 448 |
Total Assets | $ | 870,130 |  |  | $ | 894,420 |
Liabilities and Stockholders' Equity |  |  |
Other liabilities | 846 |  |  | 420 |
Stockholders' equity | 869,284 |  |  | 894,000 |
Total Liabilities and Stockholders' Equity | $ | 870,130 |  |  | $ | 894,420 |
Schedule of Impact of Retrospective Application to Consolidated Statement of Income | Condensed Statements of Income and Comprehensive Income
| Years Ended June 30,
| 2023 |  | 2022 |  | 2021
| (In Thousands)
Dividends from subsidiary | $ | 26,282 |  |  | $ | 156,728 |  |  | $ | 178,918 |
Interest income | 1,749 |  |  | 1,508 |  |  | 1,993 |
Equity in undistributed earnings of subsidiaries | 14,912 |  |  | (88,452) |  |  | (114,969) |
Total income | 42,943 |  |  | 69,784 |  |  | 65,942 |
Directors' compensation | 532 |  |  | 530 |  |  | 308 |
Other expenses | 1,715 |  |  | 1,976 |  |  | 2,660 |
Total expense | 2,247 |  |  | 2,506 |  |  | 2,968 |
Income before income taxes | 40,696 |  |  | 67,278 |  |  | 62,974 |
Income tax expense | (115) |  |  | (269) |  |  | (259) |
Net income | $ | 40,811 |  |  | $ | 67,547 |  |  | $ | 63,233 |
Comprehensive income | $ | 27,082 |  |  | $ | 5,676 |  |  | $ | 68,120 |
Condensed Statements of Cash Flows | Condensed Statements of Cash Flows
| Years Ended June 30,
| 2023 |  | 2022 |  | 2021
| (In Thousands)
Cash Flows from Operating Activities: |  |  |  |  |
Net income | $ | 40,811 |  |  | $ | 67,547 |  |  | $ | 63,233 |
Adjustment to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Equity in undistributed earnings of subsidiaries | (14,912) |  |  | 88,452 |  |  | 114,969 |
(Increase) decrease in other assets | (379) |  |  | 176 |  |  | 484 |
Increase (decrease) in other liabilities | 271 |  |  | (184) |  |  | 160 |
Net Cash Provided by Operating Activities | 25,791 |  |  | 155,991 |  |  | 178,846 |
Cash Flows from Investing Activities: |  |  |  |  |
Repayment of loan to ESOP | 1,817 |  |  | 1,758 |  |  | 1,702 |
Proceeds from the maturity of investment securities available for sale | — |  |  | 15,000 |  |  | — |
Outlays for business acquisitions | — |  |  | — |  |  | (9,008) |
Other, net | — |  |  | — |  |  | 118 |
Net Cash Provided by (Used in) Investing Activities | 1,817 |  |  | 16,758 |  |  | (7,188) |
Cash Flows from Financing Activities: |  |  |  |  |
Exercise of stock options | — |  |  | — |  |  | 373 |
Cash dividends paid | (28,499) |  |  | (30,693) |  |  | (28,648) |
Repurchase and cancellation of common stock of Kearny Financial Corp. | (27,558) |  |  | (129,520) |  |  | (119,021) |
Cancellation of shares repurchased on vesting to pay taxes | (462) |  |  | (977) |  |  | (803) |
Net Cash Used In Financing Activities | (56,519) |  |  | (161,190) |  |  | (148,099) |
Net (Decrease) Increase in Cash and Cash Equivalents | (28,911) |  |  | 11,559 |  |  | 23,559 |
Cash and Cash Equivalents - Beginning | 77,750 |  |  | 66,191 |  |  | 42,632 |
Cash and Cash Equivalents - Ending | $ | 48,839 |  |  | $ | 77,750 |  |  | $ | 66,191 |

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