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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
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:      
Depreciation and amortization of premises and equipment 5,733 5,971 5,862
Net accretion of yield adjustments (5,084) (5,669) (13,214)
Deferred income taxes and valuation allowance 2,789 5,023 4,154
Bargain purchase gain 0 0 (3,053)
Amortization of intangible assets 563 685 980
Amortization of benefit plans’ unrecognized net loss 358 1,003 320
Provision for (reversal of) credit losses 2,486 (7,518) (1,121)
Loss (gain) on sale of other real estate owned 139 (5) 0
Loans originated for sale (106,288) (179,727) (281,086)
Proceeds from sale of mortgage loans held-for-sale 127,416 196,796 290,530
Loss (gain) on sale of mortgage loans held-for-sale, net 1,700 (2,415) (5,147)
Realized loss (gain) on sale/call of securities available for sale 15,227 559 (767)
Realized loss on debt extinguishment 0 0 796
Realized gain on sale of loans receivable (55) (124) (427)
Realized gain on disposition of premises and equipment (2,886) (363) (971)
Loss on write-down of premises 0 0 1,938
Increase in cash surrender value of bank owned life insurance (8,645) (6,167) (6,267)
ESOP and stock-based compensation expense 4,873 6,340 7,742
Increase in interest receivable (7,667) (1,104) (288)
Decrease (increase) in other assets 2,833 7,922 (4,454)
Increase (decrease) in interest payable 9,776 853 (638)
(Decrease) increase in other liabilities (14,530) (8,306) 17,295
Net Cash Provided by Operating Activities 69,549 81,301 75,417
Purchases of:      
Investment securities available for sale (166,483) (229,145) (918,668)
Investment securities held to maturity (40,398) (86,406) (12,321)
Proceeds from:      
Repayments/calls/maturities of investment securities available for sale 124,687 330,152 517,511
Repayments/calls/maturities of investment securities held to maturity 12,095 6,116 6,595
Sale of investment securities available for sale 105,199 100,336 98,084
Purchase of loans (702) (123,389) (81,707)
Net (increase) decrease in loans receivable (435,111) (467,236) 232,660
Proceeds from sale of loans receivable 706 1,450 44,801
Purchase of interest rate caps (758) 0 0
Proceeds from sale of other real estate owned 315 708 0
Additions to premises and equipment (1,355) (2,920) (5,458)
Proceeds from death benefit of bank owned life insurance 4,997 300 0
Proceeds from cash settlement of premises and equipment 3,480 612 4,852
Purchase of FHLB stock (98,275) (30,382) (37)
Redemption of FHLB stock 73,685 19,853 25,421
Net cash acquired in acquisition 0 0 4,296
Net Cash Used in Investing Activities (417,918) (479,951) (83,971)
Cash Flows from Financing Activities:      
Net (decrease) increase in deposits (232,804) 377,606 596,583
Repayment of term FHLB advances (5,650,000) (4,100,000) (2,847,796)
Proceeds from term FHLB advances 6,280,000 4,085,000 2,345,000
Net (decrease) increase in other short-term borrowings (25,000) 230,000 (48,635)
Net increase (decrease) in advance payments by borrowers for taxes 1,592 994 (1,611)
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)
Exercise of stock options 0 0 373
Dividends paid (28,499) (30,693) (28,648)
Net Cash Provided by (Used in) Financing Activities 317,269 432,410 (104,558)
Net (Decrease) Increase in Cash and Cash Equivalents (31,100) 33,760 (113,112)
Cash and Cash Equivalents - Beginning 101,615 67,855 180,967
Cash and Cash Equivalents - Ending 70,515 101,615 67,855
Cash paid during the year for:      
Income taxes, net of refunds 9,883 15,552 19,734
Interest 108,516 28,816 50,488
Non-cash investing and financing activities:      
Transfers from loans receivable to loans held-for-sale 3,545 27,036 43,579
Acquisition of other real estate owned in settlement of loans 13,232 703 0
Fair value of assets acquired, net of cash and cash equivalents acquired 0 0 567,816
Fair value of liabilities assumed $ 0 $ 0 $ 523,926