KEARNY FINANCIAL CORP. AND SUBSIDIARIES

STATEMENTS RE: COMPUTATION OF PER SHARE EARNINGS

 

 

 

|                                                                                     |   | **Year Ended**

**June 30, 2007**                    |       | **Year Ended**

**June 30, 2006** |   | **Year Ended**

**June 30, 2005** |   |
|------------------------------------------------------------------------------------------|--------|------------------------------------------------------|------------|-----------------------------------|--------|-----------------------------------|--------|
|                                                                                     |   | **(In Thousands, Except Per Share Data, Unaudited)** |       |
|                                                                                     |   |                                                 |       |                              |   |                              |   |   |   |   |
| Income available to common stockholders                                                  |   | **$**                                                | **1,934**  |                              | $      | 9,608                             |   | $ | 18,898 |   |
|                                                                                     |   |                                                 |       |                              |   |                              |   |   |   |   |
| Weighted average shares outstanding                                                      |   |                                                 | **69,242** |                              |   | 70,904                            |   |   | 57,963 |   |
|                                                                                     |   |                                                 |       |                              |   |                              |   |   |   |   |
| Basic earnings per share                                                                 |   | **$**                                                | **0.03**   |                              | $      | 0.14                              |   | $ | 0.33 |   |
|                                                                                     |   |                                                 |       |                              |   |                              |   |   |   |   |
| Income for diluted earnings per share                                                    |   | **$**                                                | **1,934**  |                              | $      | 9,608                             |   | $ | 18,898 |   |
|                                                                                     |   |                                                 |       |                              |   |                              |   |   |   |   |
| Total weighted average common shares and equivalents outstanding for diluted computation |   |                                                 | **69,581** |                              |   | 70,982                            |   |   | 57,963 |   |
|                                                                                     |   |                                                 |       |                              |   |                              |   |   |   |   |
| Diluted earnings per share                                                               |   | **$**                                                | **0.03**   |                              | $      | 0.14                              |   | $ | 0.33 |   |
|                                                                                     |   |                                                 |       |                              |   |                              |   |   |   |   |