**EXHIBIT 11**

 

KEARNY FINANCIAL CORP. AND SUBSIDIARIES

STATEMENTS RE: COMPUTATION OF PER SHARE EARNINGS

 

 

 

|                                                                                     |   | **Year Ended**

**June 30, 2009**                    |       | **Year Ended**

**June 30, 2008** |   | **Year Ended**

**June 30, 2007** |
|------------------------------------------------------------------------------------------|--------|------------------------------------------------------|------------|-----------------------------------|--------|-----------------------------------|
|                                                                                     |   | **(In Thousands, Except Per Share Data, Unaudited)** |
|                                                                                     |   |                                                 |       |                              |   |                              |   |   |   |
| Income available to common stockholders                                                  |   | **$**                                                | **6,391**  |                              | $      | 5,904                             |   | $ | 1,934 |
|                                                                                     |   |                                                 |       |                              |   |                              |   |   |   |
| Weighted average shares outstanding                                                      |   |                                                 | **68,111** |                              |   | 68,675                            |   |   | 69,242 |
|                                                                                     |   |                                                 |       |                              |   |                              |   |   |   |
| Basic earnings per share                                                                 |   | **$**                                                | **0.09**   |                              | $      | 0.09                              |   | $ | 0.03 |
|                                                                                     |   |                                                 |       |                              |   |                              |   |   |   |
| Income for diluted earnings per share                                                    |   | **$**                                                | **6,391**  |                              | $      | 5,904                             |   | $ | 1,934 |
|                                                                                     |   |                                                 |       |                              |   |                              |   |   |   |
| Total weighted average common shares and equivalents outstanding for diluted computation |   |                                                 | **68,223** |                              |   | 68,789                            |   |   | 69,581 |
|                                                                                     |   |                                                 |       |                              |   |                              |   |   |   |
| Diluted earnings per share                                                               |   | **$**                                                | **0.09**   |                              | $      | 0.09                              |   | $ | 0.03 |
|                                                                                     |   |                                                 |       |                              |   |                              |   |   |   |