Bargain hunters beware: Kearny Financial's merger appeal may be overstated

Kearny Financial's recent merger with Sterling Bancorp may not be as good a deal as it seems. The combined company, Sterling Bancorp, is facing challenges with its loan growth and margins. Sterling's non-interest income also declined, and its efficiency ratio worsened. Additionally, Sterling's loan quality has deteriorated, with a rise in non-performing loans. The merger may not be as cost-effective as anticipated, and the combined company's profitability may be impacted.