Kearny Financial Corp. partners with The Lab Consulting to enhance operational efficiency and client experience through automation solutions.
Quiver AI Summary
Kearny Financial Corp. has announced a strategic partnership with The Lab Consulting to enhance its operational efficiency and client experience through process improvement and automation. This collaboration aims to streamline operations, improve productivity, and deliver value to shareholders by optimizing costs and fostering growth. The Lab Consulting will implement a multi-phase innovation methodology that includes robotic process automation (RPA), AI-driven document processing, and data-driven insights to upgrade Kearny's systems and client interactions. Expected outcomes within the first year include reduced operating expenses and improved employee engagement, positioning Kearny for sustainable growth. Kearny Financial Corp., which operates 43 retail branches, has approximately $7.7 billion in assets as of June 30, 2025.
Potential Positives
- Kearny Financial Corp. has announced a strategic partnership with The Lab Consulting, aimed at enhancing operational efficiency and client experience.
- The initiative is expected to deliver operational improvements within the first year, which could lead to reduced operating expenses and increased capacity for revenue-generating opportunities.
- The partnership is positioned as a strategic investment in the company’s future, promising stronger returns for stakeholders through sustainable growth and innovation.
- The program will leverage advanced technologies such as Robotic Process Automation (RPA) and AI to optimize client-facing processes and improve overall service delivery.
Potential Negatives
- The reliance on a consulting firm for operational improvements may signal to investors that the company lacks the internal expertise or resources to drive innovation and efficiency independently.
- The press release mentions forward-looking statements are subject to risks and uncertainties, which could imply potential difficulties in achieving the projected benefits of the partnership.
- The need for a partnership with an external consultant for process improvements could raise concerns about the company's current operational effectiveness and internal capabilities.
FAQ
What is Kearny Financial Corp.'s new partnership about?
Kearny Financial Corp. has partnered with The Lab Consulting to enhance operational efficiency and client experience through automation and process improvements.
How will The Lab Consulting improve Kearny's operations?
The Lab will implement automation, AI, workflow orchestration, and data-driven insights to streamline operations and increase productivity.
What benefits can Kearny Financial expect from this partnership?
The partnership aims to deliver reduced operating expenses, increased revenue opportunities, improved employee engagement, and better competitive positioning.
When will operational improvements be realized?
Operational improvements are expected within the first year of implementing the initiatives outlined in the partnership with The Lab Consulting.
Who should be contacted for more information about Kearny Financial Corp.?
For inquiries, contact Sean Byrnes, Executive Vice President & CFO, at [email protected] or (973) 244-4500.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$KRNY Insider Trading Activity
$KRNY insiders have traded $KRNY stock on the open market 6 times in the past 6 months. Of those trades, 3 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $KRNY stock by insiders over the last 6 months:
- LEOPOLD W MONTANARO purchased 10,000 shares for an estimated $65,700
- PATRICK M JOYCE (EVP and CLO) has made 0 purchases and 3 sales selling 4,000 shares for an estimated $24,525.
- MELVINA WONG-ZAZA has made 2 purchases buying 2,875 shares for an estimated $17,141 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$KRNY Hedge Fund Activity
We have seen 82 institutional investors add shares of $KRNY stock to their portfolio, and 81 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FOURTHSTONE LLC added 863,816 shares (+351.4%) to their portfolio in Q2 2025, for an estimated $5,580,251
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 724,297 shares (+373.7%) to their portfolio in Q2 2025, for an estimated $4,678,958
- RHINO INVESTMENT PARTNERS, INC removed 639,283 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $4,129,768
- UBS GROUP AG added 511,078 shares (+386.4%) to their portfolio in Q2 2025, for an estimated $3,301,563
- JONES FINANCIAL COMPANIES LLLP removed 432,552 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $2,794,285
- BLACKROCK, INC. removed 307,841 shares (-3.6%) from their portfolio in Q2 2025, for an estimated $1,988,652
- STATE STREET CORP removed 254,297 shares (-13.2%) from their portfolio in Q2 2025, for an estimated $1,642,758
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
FAIRFIELD, N.J., Sept. 30, 2025 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ: KRNY) (the “Company”), a performance-driven financial institution committed to sustainable growth and innovation, today announced a strategic partnership with The Lab Consulting, a leading provider of process improvement and automation solutions for the financial services industry.
This initiative is designed to enhance operational efficiency, boost workforce productivity, and elevate the client experience—while delivering measurable value to shareholders through cost optimization and scalable growth.
“Operational agility and client-centricity are critical to our long-term success,” said Craig Montanaro, President & CEO of Kearny Financial Corp. “Our partnership with The Lab Consulting is a strategic investment in our future—one that will allow us to streamline operations, empower our teams, and deliver stronger returns for our stakeholders.”
Consulting Engagement Highlights
The Lab Consulting will deploy a proven, multi-phase innovation methodology tailored for financial institutions seeking efficient, sustainable transformation:
- Automation & AI: Implement Robotic Process Automation (RPA) and AI-enabled document processing to eliminate manual, repetitive tasks and accelerate workflows.
- Workflow Orchestration: Leverage existing industry leading automation platforms to integrate processes across departments and systems.
- Data-Driven Insights: Deploy advanced tracking of key performance indicators (KPIs) through dashboards with real-time visibility into performance metrics.
- Client Experience Optimization: Redesign client-facing processes to improve speed, accuracy, and satisfaction.
- Core System Integration: Ensure all automation solutions integrate securely with Kearny’s core banking and client relationship management (CRM) platforms.
- Sustainable Change Management: Provide knowledge transfer and best practices to ensure long-term adoption and continuous improvement.
The program is expected to deliver operational improvements within the first year of implementation, with long-term benefits including reduced operating expenses, increased capacity for revenue-generating opportunities, improved employee engagement, and strengthened competitive positioning.
“By combining process mapping, RPA, AI-enabled intelligent document processing, and advanced analytics, we’re enabling Kearny Financial Corp. to achieve rapid, scalable improvements in efficiency and client service,” said Chris Wilds, Director of Automation of The Lab Consulting.
About Kearny Financial Corp.
Kearny Financial Corp. (NASDAQ: KRNY) is the parent company of Kearny Bank which operates from its administrative headquarters in Fairfield, New Jersey, and a total of 43 retail branch offices located throughout northern and central New Jersey and Brooklyn and Staten Island, New York. At June 30, 2025, Kearny Financial Corp. had approximately $7.7 billion in total assets.
Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, factors discussed in documents filed by the Company with the Securities and Exchange Commission from time to time. The Company does not undertake and specifically disclaims any obligation to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company .
Investor Relations Contact:
Sean Byrnes
Executive Vice President & Chief Financial Officer
Kearny Financial Corp.
[email protected] | (973) 244-4500
www.kearnybank.com
About The Lab Consulting
The Lab is a leading provider of process and data standardization for white-collar work, or “knowledge work.” Since 1993, The Lab has helped organizations around the world implement improvements that reclaim capacity, preserve margin, and increase sales.
Contact:
Christopher Wilds
Director of Automation
The Lab Consulting
[email protected]
| (201) 526-1200
www.thelabconsulting.com
