# EDGAR Filing Document

**Accession Number:** 0001617242
**File Stem:** 0001617242-25-000070
**Filing Date:** 2025-10
**Character Count:** 76747
**Document Hash:** 7ae72499cfc9d09a45670d78aaafbf34
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001617242-25-000070.hdr.sgml**: 20251023

**ACCESSION NUMBER**: 0001617242-25-000070

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 33

**CONFORMED PERIOD OF REPORT**: 20251023

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251023

**DATE AS OF CHANGE**: 20251023

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Kearny Financial Corp.
- **CENTRAL INDEX KEY:** 0001617242
- **STANDARD INDUSTRIAL CLASSIFICATION:** SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 300870244
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37399
- **FILM NUMBER:** 251411505

**BUSINESS ADDRESS:**
- **STREET 1:** 120 PASSAIC AVENUE
- **CITY:** FAIRFIELD
- **STATE:** NJ
- **ZIP:** 07004
- **BUSINESS PHONE:** (973) 244-4500

**MAIL ADDRESS:**
- **STREET 1:** 120 PASSAIC AVENUE
- **CITY:** FAIRFIELD
- **STATE:** NJ
- **ZIP:** 07004

?xml version='1.0' encoding='ASCII'? krny-20251023

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549** 

_____________________________

**FORM 8-K** 

_____________________________

**CURRENT REPORT** 

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934** 

**Date of Report (Date of earliest event reported): October 23, 2025**

_____________________________

**KEARNY FINANCIAL CORP.** 

**(Exact name of Registrant as Specified in Its Charter)** 

_____________________________

---

| | | |
|:---|:---|:---|
| **Maryland** | **001-37399** | **30-0870244** |
| **(State or Other Jurisdiction**<br>**of Incorporation)** | **(Commission File Number)** | **(IRS Employer**<br>**Identification No.)** |
| **120 Passaic Avenue Fairfield, New Jersey** | | **07004** |
| **(Address of Principal Executive Offices)** | | **(Zip Code)** |

---

**Registrant's Telephone Number, Including Area Code: (973) 244-4500** 

**(Former Name or Former Address, if Changed Since Last Report)** 

_____________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, $0.01 par value | KRNY | The NASDAQ Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

**Item 2.02&nbsp;&nbsp;&nbsp;&nbsp;<u>Results of Operation and Financial Condition</u>**

On October 23, 2025, Kearny Financial Corp. (the "Company"), the holding company for Kearny Bank, issued a press release reporting its financial results for the period ended September 30, 2025.

A copy of the press release announcing the results is included as Exhibit 99.1 to this Current Report on Form 8-K and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.

**Item 7.01&nbsp;&nbsp;&nbsp;&nbsp;<u>Regulation FD Disclosure</u>**

On October 23, 2025, the Company released a slide presentation that will be used in upcoming meetings with potential investors and current shareholders of the Company.

A copy of the slide presentation that will be used in the Company's presentation is included as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated herein by reference. The information included in this Current Report pursuant to this Item 7.01 is being furnished to, and not filed with, the Securities and Exchange Commission.

**Item 8.01&nbsp;&nbsp;&nbsp;&nbsp;<u>Other Events</u>**

On October 23, 2025, the Company's Board of Directors announced a quarterly cash dividend of $0.11 per share, payable on November 19, 2025 to stockholders of record as of November 5, 2025.

**Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;<u>Financial Statements and Exhibits</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Financial Statements of Business Acquired. Not applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Pro Forma Financial Information. Not applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Shell Company Transaction. Not applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Exhibits.

---

| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| 99.1 | <u>[Press release dated October 23, 2025.](krny-20250930xexx991.htm)</u> |
| 99.2 | <u>[Kearny Financial Corp. investor presentation dated October 23, 2025.](krny-20251023xexx992xfin.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

---

| | | |
|:---|:---|:---|
| | **KEARNY FINANCIAL CORP**. | **KEARNY FINANCIAL CORP**. |
| Date: October 23, 2025 | By: | /s/ Sean Byrnes |
|  |  | Sean Byrnes |
|  |  | Executive Vice President and Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

FOR IMMEDIATE RELEASE

October 23, 2025

For further information contact:

Keith Suchodolski, Senior Executive Vice President and Chief Operating Officer, or

Sean Byrnes, Executive Vice President and Chief Financial Officer

Kearny Financial Corp.

(973) 244-4500

**KEARNY FINANCIAL CORP. ANNOUNCES FIRST QUARTER FISCAL 2026 RESULTS**

**AND DECLARATION OF CASH DIVIDEND**

Fairfield, N.J., October 23, 2025 – Kearny Financial Corp. (NASDAQ GS: KRNY) (the "Company"), the holding company of Kearny Bank (the "Bank"), reported net income for the quarter ended September 30, 2025 of $9.5 million, or $0.15 per diluted share, compared to $6.8 million, or $0.11 per diluted share, for the quarter ended June 30, 2025.

The Company also announced that its Board of Directors has declared a quarterly cash dividend of $0.11 per share, payable on November 19, 2025, to stockholders of record as of November 5, 2025.

Craig L. Montanaro, President and Chief Executive Officer, commented, "We are pleased to report a strong quarter that underscores our continued momentum in profitability growth. Net interest margin expansion of 10 basis points, in conjunction with solid credit quality and well-controlled expenses, led to a 36% quarter-over-quarter increase in earnings per share. Our proactive balance sheet management, combined with the expected tailwinds from anticipated reductions in the federal funds rate, positions us well for sustained performance in the quarters ahead."

Mr. Montanaro continued, "Strategically, we advanced several key initiatives designed to enhance operational efficiency and drive shareholder value. The launch of our partnership with The Lab Consulting—a leading provider of end-to-end robotic process automation—represents a key milestone in our efforts to elevate the client experience and scale revenue efficiently. Additionally, the execution of our previously announced branch consolidations enables us to reallocate capital toward higher-return opportunities, reinforcing our commitment to long-term growth and value creation."

**<u>First Quarter Highlights</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net interest margin expanded by 10 basis points to 2.10%, while net interest income increased 5.2% to $37.7 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net income per share increased 36.4% to $0.15 per diluted share, and pre-tax, pre-provision earnings per share increased 18.8% to $0.19 per diluted share.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Company continued its loan portfolio diversification efforts, growing construction and commercial business loans by 26.8% and 10.2%, respectively, on an annualized basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Company is consolidating three branches as part of an optimization of its real estate footprint, streamlining to 40 locations by October 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• In September 2025, the Company entered into a strategic partnership with The Lab Consulting to deploy advanced automation and analytics, designed to enhance operational efficiency, elevate client service, and deliver shareholder value.

**<u>Balance Sheet</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total assets were $7.65 billion at September 30, 2025, a decrease of $92.4 million, or 1.2%, from June 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Investment securities totaled $1.13 billion at September 30, 2025, consistent with the balance reported at June 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Loans receivable totaled $5.77 billion at September 30, 2025, a decrease of $45.5 million, or 0.8%, from June 30, 2025, primarily reflecting a decrease in multifamily mortgage loans, partially offset by increases in construction and commercial and industrial loans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Deposits were $5.63 billion at September 30, 2025, a decrease of $43.3 million, or 0.8%, from June 30, 2025. This decrease was primarily driven by declines in interest bearing demand deposits and certificates of deposits ("CDs").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Borrowings were $1.21 billion at September 30, 2025, a decrease of $50.0 million, or 4.0%, from June 30, 2025, reflecting reductions in Federal Home Loan Bank ("FHLB") advances.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At September 30, 2025, the Company maintained available secured borrowing capacity with the FHLB and the Federal Reserve Discount Window of $2.54 billion, representing 33.2% of total assets.

**<u>Earnings</u>**

**Net Interest Income and Net Interest Margin**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net interest margin expanded by 10 basis points to 2.10% for the quarter ended September 30, 2025. The increase for the quarter was primarily driven by improved asset yields and reductions in borrowings, partially offset by lower average balances on interest-earning assets and higher costs on interest-bearing liabilities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• For the quarter ended September 30, 2025, net interest income increased $1.9 million to $37.7 million from $35.8 million for the quarter ended June 30, 2025. Included in net interest income for the quarters ended September 30, 2025 and June 30, 2025, respectively, was purchase accounting accretion of $601,000 and $511,000, and loan prepayment penalty income of $490,000 and $217,000.

**Non-Interest Income**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• For the quarter ended September 30, 2025, non-interest income increased $856,000, or 17.2%, to $5.8 million from $5.0 million for the quarter ended June 30, 2025, primarily driven by a non-recurring pre-tax gain of $749,000 on the sale of property held for sale in the current period. Excluding this item, non-interest income increased $107,000, or 2.1%, to $5.1 million for the quarter ended September 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fees and service charges increased $237,000, or 36.2%, to $892,000 for the quarter ended September 30, 2025 from $655,000 for the quarter ended June 30, 2025. The increase primarily reflected higher deposit and branch related fee income.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income from BOLI decreased $180,000, or 6.3%, to $2.7 million for the quarter ended September 30, 2025 from $2.9 million for the quarter ended June 30, 2025, primarily driven by the absence of $223,000 in non-recurring payments recorded in the prior period. No such non-recurring items were recorded in the current period.

**Non-Interest Expense**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• For the quarter ended September 30, 2025, non-interest expense increased $773,000, or 2.5%, to $31.7 million from $30.9 million for the quarter ended June 30, 2025, primarily driven by increases in salary and benefits and net occupancy, partially offset by declines in federal deposit insurance premiums and other expense.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Salary and benefits expense increased $652,000 to $18.7 million for the quarter ended September 30, 2025 from $18.1 million for the quarter ended June 30, 2025, primarily driven by annual merit increases and higher non-recurring payroll taxes of $185,000 associated with annual incentive compensation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net occupancy expense of premises increased $487,000 to $3.3 million for the quarter ended September 30, 2025 from $2.8 million for the quarter ended June 30, 2025, primarily driven by a non-recurring pre-tax expense of $250,000 associated with our previously announced branch consolidations and non-recurring branch maintenance expenses of $102,000. Excluding these items, net occupancy expense of premises increased $135,000 to $3.0 million, primarily driven by higher repairs and other maintenance expenses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Federal deposit insurance premium expense decreased $94,000 to $1.3 million for the quarter ended September 30, 2025 from $1.4 million for the quarter ended June 30, 2025, primarily driven by higher capital ratios.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Other expense decreased $163,000 to $3.5 million for the quarter September 30, 2025 from $3.6 million for the quarter ended June 30, 2025, primarily driven the absence of non-recurring professional fees incurred in the prior period, partially offset by elevated fraud losses in the current period. The remaining changes in the other components of non-interest expense between comparative periods reflected normal operating fluctuations within those line items.

**Income Taxes**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income tax expense totaled $2.5 million for the quarter ended September 30, 2025 compared to $1.4 million for the quarter ended June 30, 2025, resulting in an effective tax rate of 20.6% and 17.0%, respectively. The increase in income tax expense was due to higher pre-tax income in the current quarter coupled with the tax cost associated with the vesting of certain stock-based compensation awards.

------

**<u>Asset Quality</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The balance of non-performing assets increased to $64.6 million, or 0.84% of total assets, at September 30, 2025 from $45.6 million, or 0.59% of total assets, at June 30, 2025. The increase was driven by a single construction loan that became 90 days past due but remains on accrual status. The loan is secured by collateral under contract for sale, with all covenants satisfied and a loan-to-sale price ratio of 72%. No provision for credit losses related to this loan was recorded as of September 30, 2025, as full repayment is expected upon completion of the sale.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net charge-offs totaled $1.0 million, or 0.07% of average loans, on an annualized basis, for the quarter ended September 30, 2025, compared to $49,000, or less than 0.01% of average loans, on an annualized basis, for the quarter ended June 30, 2025. The net charge-offs recorded for the quarter ended September 30, 2025 were primarily driven by a wholesale commercial and industrial ("C&I") loan, representing the final wholesale C&I loan in the portfolio. This charge-off had previously been individually reserved for within the allowance for credit losses ("ACL").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• For the quarter ended September 30, 2025, the Company recorded a reversal of credit losses of $82,000, compared to a provision for credit losses of $1.8 million for the quarter ended June 30, 2025. The reversal for the quarter ended September 30, 2025 was largely driven by decreases in the balance of loans receivable, partially offset by qualitative risk factor adjustments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The ACL was $45.1 million, or 0.78% of total loans, at September 30, 2025, a decrease of $1.1 million from $46.2 million, or 0.79% of total loans, at June 30, 2025. The decrease in the ACL from June 30, 2025 was largely attributable to a reduction in reserves for individually evaluated loans, resulting from the charge-offs noted above.

**<u>Capital</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• For the quarter ended September 30, 2025, book value per share increased $0.08, or 0.7%, to $11.63 while tangible book value per share increased $0.09, or 0.9%, to $9.86.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At September 30, 2025, total stockholders' equity included after-tax net unrealized losses on securities available for sale of $71.5 million, partially offset by after-tax unrealized gains on derivatives of $3.1 million. After-tax net unrecognized losses on securities held to maturity of $8.4 million were not reflected in total stockholders' equity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At September 30, 2025, the Company's tangible equity to tangible assets ratio equaled 8.47% and the regulatory capital ratios of both the Company and the Bank were in excess of the levels required by federal banking regulators to be classified as "well-capitalized" under regulatory guidelines.

This earnings release should be read in conjunction with Kearny Financial Corp.'s Q1 2026 Investor Presentation, a copy of which is available through the Investor Relations link located at the bottom of the page of our website at www.kearnybank.com and via a Current Report on Form 8-K on the website of the Securities and Exchange Commission at www.sec.gov.

*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*.

Category: Earnings

------

**Linked-Quarter Comparative Financial Analysis**

**Kearny Financial Corp.**

**Consolidated Balance Sheets**

**(Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| (Dollars and Shares in Thousands,<br>Except Per Share Data) | **September 30,<br>2025** | **June 30,<br>2025** | **Variance <br>or Change** | **Variance <br>or Change Pct.** |
| **Assets** |  |  |  |  |
| Cash and cash equivalents | $130139 | $167269 | $(37130) | -22.2% |
| Securities available for sale | 1016182 | 1012969 | 3213 | 0.3% |
| Securities held to maturity | 116681 | 120217 | (3536) | -2.9% |
| Loans held-for-sale | 6650 | 5931 | 719 | 12.1% |
| Loans receivable | 5767419 | 5812937 | (45518) | -0.8% |
| &nbsp;&nbsp;&nbsp;Less: allowance for credit losses on loans | (45060) | (46191) | (1131) | -2.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;Net loans receivable | 5722359 | 5766746 | (44387) | -0.8% |
| Premises and equipment | 43222 | 43897 | (675) | -1.5% |
| Federal Home Loan Bank stock | 62011 | 64261 | (2250) | -3.5% |
| Accrued interest receivable | 29460 | 28098 | 1362 | 4.8% |
| Goodwill | 113525 | 113525 |  | —% |
| Core deposit intangible | 1317 | 1436 | (119) | -8.3% |
| Bank owned life insurance | 307248 | 304717 | 2531 | 0.8% |
| Deferred income taxes, net | 51587 | 55203 | (3616) | -6.6% |
| Other assets | 47629 | 56181 | (8552) | -15.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $7648010 | $7740450 | $(92440) | -1.2% |
| **Liabilities** |  |  |  |  |
| Deposits: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Non-interest-bearing | $578481 | $582045 | $(3564) | -0.6% |
| &nbsp;&nbsp;&nbsp;Interest-bearing | 5053401 | 5093172 | (39771) | -0.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 5631882 | 5675217 | (43335) | -0.8% |
| Borrowings | 1206497 | 1256491 | (49994) | -4.0% |
| Advance payments by borrowers for taxes | 19261 | 19317 | (56) | -0.3% |
| Other liabilities | 37166 | 43463 | (6297) | -14.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 6894806 | 6994488 | (99682) | -1.4% |
| **Stockholders' Equity** |  |  |  |  |
| Common stock | 648 | 646 | 2 | 0.3% |
| Paid-in capital | 494490 | 494546 | (56) | 0.0% |
| Retained earnings | 344287 | 341744 | 2543 | 0.7% |
| Unearned ESOP shares | (18484) | (18970) | 486 | 2.6% |
| Accumulated other comprehensive loss | (67737) | (72004) | 4267 | 5.9% |
| &nbsp;&nbsp;&nbsp;Total stockholders' equity | 753204 | 745962 | 7242 | 1.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and stockholders' equity | $7648010 | $7740450 | $(92440) | -1.2% |
| **Consolidated capital ratios** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Equity to assets | 9.85% | 9.64% | 0.21% |  |
| &nbsp;&nbsp;Tangible equity to tangible assets <sup>(1)</sup> | 8.47% | 8.27% | 0.20% |  |
| **Share data** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Outstanding shares | 64739 | 64577 | 162 | 0.3% |
| &nbsp;&nbsp;&nbsp;Book value per share | $11.63 | $11.55 | $0.08 | 0.7% |
| &nbsp;&nbsp;Tangible book value per share <sup>(2)</sup> | $9.86 | $9.77 | $0.09 | 0.9% |

---

_________________________

(1)Tangible equity equals total stockholders' equity reduced by goodwill and core deposit intangible assets. Tangible assets equals total assets reduced by goodwill and core deposit intangible assets.

(2)Tangible book value equals total stockholders' equity reduced by goodwill and core deposit intangible assets.

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**Kearny Financial Corp.**

**Consolidated Statements of Income**

**(Unaudited)**

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| | | | | |
|:---|:---|:---|:---|:---|
| (Dollars and Shares in Thousands,<br>Except Per Share Data) | **Three Months Ended** | **Three Months Ended** | **Variance <br>or Change** | **Variance <br>or Change Pct.** |
| (Dollars and Shares in Thousands,<br>Except Per Share Data) | **September 30,<br>2025** | **June 30,<br>2025** | **Variance <br>or Change** | **Variance <br>or Change Pct.** |
| **Interest income** |  |  |  |  |
| &nbsp;&nbsp;Loans | $68349 | $66485 | $1864 | 2.8% |
| &nbsp;&nbsp;Taxable investment securities | 12600 | 12322 | 278 | 2.3% |
| &nbsp;&nbsp;Tax-exempt investment securities | 41 | 49 | (8) | -16.3% |
| &nbsp;&nbsp;Other interest-earning assets | 1518 | 1549 | (31) | -2.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest income | 82508 | 80405 | 2103 | 2.6% |
| **Interest expense** |  |  |  |  |
| &nbsp;&nbsp;Deposits | 33931 | 33607 | 324 | 1.0% |
| &nbsp;&nbsp;Borrowings | 10873 | 10955 | (82) | -0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest expense | 44804 | 44562 | 242 | 0.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Net interest income** | 37704 | 35843 | 1861 | 5.2% |
| (Reversal of) provision for credit losses | (82) | 1785 | (1867) | -104.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Net interest income after (reversal of) provision for credit losses** | 37786 | 34058 | 3728 | 10.9% |
| **Non-interest income** |  |  |  |  |
| &nbsp;&nbsp;Fees and service charges | 892 | 655 | 237 | 36.2% |
| &nbsp;&nbsp;Gain on sale of loans | 199 | 190 | 9 | 4.7% |
| &nbsp;&nbsp;Income from bank owned life insurance | 2689 | 2869 | (180) | -6.3% |
| &nbsp;&nbsp;Electronic banking fees and charges | 416 | 442 | (26) | -5.9% |
| &nbsp;&nbsp;Other income | 1651 | 835 | 816 | 97.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total non-interest income | 5847 | 4991 | 856 | 17.2% |
| **Non-interest expense** |  |  |  |  |
| &nbsp;&nbsp;Salaries and employee benefits | 18745 | 18093 | 652 | 3.6% |
| &nbsp;&nbsp;Net occupancy expense of premises | 3307 | 2820 | 487 | 17.3% |
| &nbsp;&nbsp;Equipment and systems | 3974 | 4030 | (56) | -1.4% |
| &nbsp;&nbsp;Advertising and marketing | 562 | 615 | (53) | -8.6% |
| &nbsp;&nbsp;Federal deposit insurance premium | 1301 | 1395 | (94) | -6.7% |
| &nbsp;&nbsp;Directors' compensation | 307 | 307 |  | —% |
| &nbsp;&nbsp;Other expense | 3470 | 3633 | (163) | -4.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total non-interest expense | 31666 | 30893 | 773 | 2.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Income before income taxes** | 11967 | 8156 | 3811 | 46.7% |
| &nbsp;&nbsp;Income taxes | 2461 | 1387 | 1074 | 77.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net income** | $9506 | $6769 | $2737 | 40.4% |
| **Net income per common share (EPS)** |  |  |  |  |
| &nbsp;&nbsp;Basic | $0.15 | $0.11 | $0.04 |  |
| &nbsp;&nbsp;Diluted | $0.15 | $0.11 | $0.04 |  |
| **Dividends declared** |  |  |  |  |
| &nbsp;&nbsp;Cash dividends declared per common share | $0.11 | $0.11 | $— |  |
| &nbsp;&nbsp;Cash dividends declared | $6963 | $6946 | $17 |  |
| &nbsp;&nbsp;Dividend payout ratio | 73.2% | 102.6% | -29.4% |  |
| **Weighted average number of common shares outstanding** |  |  |  |  |
| &nbsp;&nbsp;Basic | 62741 | 62597 | 144 |  |
| &nbsp;&nbsp;Diluted | 62951 | 62755 | 196 |  |

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**Kearny Financial Corp.**

**Average Balance Sheet Data**

**(Unaudited)**

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| | | | | |
|:---|:---|:---|:---|:---|
| (Dollars in Thousands) | **Three Months Ended** | **Three Months Ended** | **Variance <br>or Change** | **Variance <br>or Change Pct.** |
| (Dollars in Thousands) | **September 30,<br>2025** | **June 30,<br>2025** | **Variance <br>or Change** | **Variance <br>or Change Pct.** |
| **Assets** |  |  |  |  |
| Interest-earning assets: |  |  |  |  |
| &nbsp;&nbsp;Loans receivable, including loans held for sale | $5806767 | $5830421 | $(23654) | -0.4% |
| &nbsp;&nbsp;Taxable investment securities | 1236705 | 1227825 | 8880 | 0.7% |
| &nbsp;&nbsp;Tax-exempt investment securities | 6856 | 8039 | (1183) | -14.7% |
| &nbsp;&nbsp;Other interest-earning assets | 115776 | 117622 | (1846) | -1.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | 7166104 | 7183907 | (17803) | -0.2% |
| Non-interest-earning assets | 453215 | 454975 | (1760) | -0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total assets | $7619319 | $7638882 | $(19563) | -0.3% |
| **Liabilities and Stockholders' Equity** |  |  |  |  |
| Interest-bearing liabilities: |  |  |  |  |
| &nbsp;&nbsp;Deposits: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing demand | $2343809 | $2342523 | $1286 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings | 754244 | 754192 | 52 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Certificates of deposit (retail) | 1211026 | 1215661 | (4635) | -0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;Certificates of deposit (brokered) | 755813 | 744345 | 11468 | 1.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 5064892 | 5056721 | 8171 | 0.2% |
| &nbsp;&nbsp;Borrowings: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal Home Loan Bank advances | 1077146 | 1083902 | (6756) | -0.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other borrowings | 85489 | 107582 | (22093) | -20.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total borrowings | 1162635 | 1191484 | (28849) | -2.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 6227527 | 6248205 | (20678) | -0.3% |
| Non-interest-bearing liabilities: |  |  |  |  |
| &nbsp;&nbsp;Non-interest-bearing deposits | 581625 | 582085 | (460) | -0.1% |
| &nbsp;&nbsp;Other non-interest-bearing liabilities | 65024 | 64405 | 619 | 1.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total non-interest-bearing liabilities | 646649 | 646490 | 159 | 0.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 6874176 | 6894695 | (20519) | -0.3% |
| Stockholders' equity | 745143 | 744187 | 956 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and stockholders' equity | $7619319 | $7638882 | $(19563) | -0.3% |
| Average interest-earning assets to average interest-bearing liabilities | 115.07% | 114.98% | 0.09% | 0.1% |

---

------

**Kearny Financial Corp.**

**Performance Ratio Highlights**

**(Unaudited)**

---

| | | | |
|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Variance <br>or Change** |
| | **September 30,<br>2025** | **June 30,<br>2025** | **Variance <br>or Change** |
| **Average yield on interest-earning assets:** | | | |
| &nbsp;&nbsp;Loans receivable, including loans held for sale | 4.71% | 4.56% | 0.15% |
| &nbsp;&nbsp;Taxable investment securities | 4.08% | 4.01% | 0.07% |
| &nbsp;&nbsp;Tax-exempt investment securities <sup>(1)</sup> | 2.42% | 2.43% | -0.01% |
| &nbsp;&nbsp;Other interest-earning assets | 5.24% | 5.27% | -0.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | 4.61% | 4.48% | 0.13% |
| **Average cost of interest-bearing liabilities:** |  |  |  |
| &nbsp;&nbsp;Deposits: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing demand | 2.63% | 2.63% | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings | 1.41% | 1.33% | 0.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;Certificates of deposit (retail) | 3.56% | 3.56% | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;Certificates of deposit (brokered) | 2.67% | 2.62% | 0.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 2.68% | 2.66% | 0.02% |
| &nbsp;&nbsp;Borrowings: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal Home Loan Bank advances | 3.69% | 3.60% | 0.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other borrowings | 4.44% | 4.45% | -0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total borrowings | 3.74% | 3.68% | 0.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 2.88% | 2.85% | 0.03% |
| &nbsp;&nbsp;Interest rate spread <sup>(2)</sup> | 1.73% | 1.62% | 0.11% |
| &nbsp;&nbsp;Net interest margin <sup>(3)</sup> | 2.10% | 2.00% | 0.10% |
| &nbsp;&nbsp;Non-interest income to average assets (annualized) | 0.31% | 0.26% | 0.05% |
| &nbsp;&nbsp;Non-interest expense to average assets (annualized) | 1.66% | 1.62% | 0.04% |
| &nbsp;&nbsp;Efficiency ratio <sup>(4)</sup> | 72.71% | 75.66% | -2.95% |
| &nbsp;&nbsp;Return on average assets (annualized) | 0.50% | 0.35% | 0.15% |
| &nbsp;&nbsp;Return on average equity (annualized) | 5.10% | 3.64% | 1.46% |
| &nbsp;&nbsp;Return on average tangible equity (annualized) <sup>(5)</sup> | 6.09% | 4.36% | 1.73% |

---

_________________________

(1)The yield on tax-exempt investment securities has not been adjusted to reflect their tax-effective yield.

(2)Interest income divided by average interest-earning assets less interest expense divided by average interest-bearing liabilities.

(3)Net interest income divided by average interest-earning assets.

(4)Non-interest expense divided by the sum of net interest income and non-interest income.

(5)Average tangible equity equals total average stockholders' equity reduced by average goodwill and average core deposit intangible assets.

------

**Five-Quarter Financial Trend Analysis**

**Kearny Financial Corp.**

**Consolidated Balance Sheets**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| (Dollars and Shares in Thousands,<br>Except Per Share Data) | **September 30,<br>2025** | **June 30,<br>2025** | **March 31,<br>2025** | **December 31,<br>2024** | **September 30,<br>2024** |
|  | **(Unaudited)** | **(Audited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| **Assets** |  |  |  |  |  |
| Cash and cash equivalents | $130139 | $167269 | $126095 | $141554 | $155574 |
| Securities available for sale | 1016182 | 1012969 | 1003393 | 1018279 | 1070811 |
| Securities held to maturity | 116681 | 120217 | 124859 | 127266 | 132256 |
| Loans held-for-sale | 6650 | 5931 | 6187 | 5695 | 8866 |
| Loans receivable | 5767419 | 5812937 | 5846175 | 5791758 | 5784246 |
| &nbsp;&nbsp;Less: allowance for credit losses on loans | (45060) | (46191) | (44455) | (44457) | (44923) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net loans receivable | 5722359 | 5766746 | 5801720 | 5747301 | 5739323 |
| Premises and equipment | 43222 | 43897 | 44192 | 45127 | 45189 |
| Federal Home Loan Bank stock | 62011 | 64261 | 62261 | 64443 | 57706 |
| Accrued interest receivable | 29460 | 28098 | 28521 | 27772 | 29467 |
| Goodwill | 113525 | 113525 | 113525 | 113525 | 113525 |
| Core deposit intangible | 1317 | 1436 | 1554 | 1679 | 1805 |
| Bank owned life insurance | 307248 | 304717 | 303629 | 301339 | 300186 |
| Deferred income taxes, net | 51587 | 55203 | 52913 | 53325 | 50131 |
| Other assets | 47629 | 56181 | 64292 | 84080 | 67540 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total assets | $7648010 | $7740450 | $7733141 | $7731385 | $7772379 |
| **Liabilities** |  |  |  |  |  |
| Deposits: |  |  |  |  |  |
| &nbsp;&nbsp;Non-interest-bearing | $578481 | $582045 | $587118 | $601510 | $592099 |
| &nbsp;&nbsp;Interest-bearing | 5053401 | 5093172 | 5120230 | 5069550 | 4878413 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 5631882 | 5675217 | 5707348 | 5671060 | 5470512 |
| Borrowings | 1206497 | 1256491 | 1213976 | 1258949 | 1479888 |
| Advance payments by borrowers for taxes | 19261 | 19317 | 19981 | 17986 | 17824 |
| Other liabilities | 37166 | 43463 | 43723 | 38537 | 52618 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 6894806 | 6994488 | 6985028 | 6986532 | 7020842 |
| **Stockholders' Equity** |  |  |  |  |  |
| Common stock | 648 | 646 | 646 | 646 | 646 |
| Paid-in capital | 494490 | 494546 | 494131 | 494092 | 493523 |
| Retained earnings | 344287 | 341744 | 341921 | 342155 | 342522 |
| Unearned ESOP shares | (18484) | (18970) | (19457) | (19943) | (20430) |
| Accumulated other comprehensive loss | (67737) | (72004) | (69128) | (72097) | (64724) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total stockholders' equity | 753204 | 745962 | 748113 | 744853 | 751537 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and stockholders' equity | $7648010 | $7740450 | $7733141 | $7731385 | $7772379 |
| **Consolidated capital ratios** |  |  |  |  |  |
| &nbsp;&nbsp;Equity to assets | 9.85% | 9.64% | 9.67% | 9.63% | 9.67% |
| &nbsp;&nbsp;Tangible equity to tangible assets <sup>(1)</sup> | 8.47% | 8.27% | 8.31% | 8.27% | 8.31% |
| **Share data** |  |  |  |  |  |
| &nbsp;&nbsp;Outstanding shares | 64739 | 64577 | 64580 | 64580 | 64580 |
| &nbsp;&nbsp;Book value per share | $11.63 | $11.55 | $11.58 | $11.53 | $11.64 |
| &nbsp;&nbsp;Tangible book value per share <sup>(2)</sup> | $9.86 | $9.77 | $9.80 | $9.75 | $9.85 |

---

_________________________

(1)Tangible equity equals total stockholders' equity reduced by goodwill and core deposit intangible assets. Tangible assets equals total assets reduced by goodwill and core deposit intangible assets.

(2)Tangible book value equals total stockholders' equity reduced by goodwill and core deposit intangible assets.

------

**Kearny Financial Corp.**

**Supplemental Balance Sheet Highlights**

**(Unaudited)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| (Dollars in Thousands) | **September 30,<br>2025** | **June 30,<br>2025** | **March 31,<br>2025** | **December 31,<br>2024** | **September 30,<br>2024** |
| **Loan portfolio composition:** |  |  |  |  |  |
| &nbsp;&nbsp;Commercial loans: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Multi-family mortgage | $2640737 | $2709654 | $2733406 | $2722623 | $2646187 |
| &nbsp;&nbsp;&nbsp;&nbsp;Nonresidential mortgage | 988969 | 986556 | 988074 | 950194 | 950771 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial business | 142304 | 138755 | 140224 | 135740 | 145984 |
| &nbsp;&nbsp;&nbsp;&nbsp;Construction | 189626 | 177713 | 174722 | 176704 | 227327 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total commercial loans | 3961636 | 4012678 | 4036426 | 3985261 | 3970269 |
| &nbsp;&nbsp;One- to four-family residential mortgage | 1749362 | 1748591 | 1761465 | 1765160 | 1768230 |
| &nbsp;&nbsp;Consumer loans: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Home equity loans | 54116 | 50737 | 49699 | 47101 | 44741 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other consumer | 2487 | 2533 | 2859 | 2778 | 2965 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total consumer loans | 56603 | 53270 | 52558 | 49879 | 47706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total loans, excluding yield adjustments | 5767601 | 5814539 | 5850449 | 5800300 | 5786205 |
| &nbsp;&nbsp;Unaccreted yield adjustments | (182) | (1602) | (4274) | (8542) | (1959) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans receivable, net of yield adjustments | 5767419 | 5812937 | 5846175 | 5791758 | 5784246 |
| &nbsp;&nbsp;Less: allowance for credit losses on loans | (45060) | (46191) | (44455) | (44457) | (44923) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net loans receivable | $5722359 | $5766746 | $5801720 | $5747301 | $5739323 |
| **Asset quality:** |  |  |  |  |  |
| &nbsp;&nbsp;Nonperforming assets: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accruing loans - 90 days and over past due | $20494 | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;Nonaccrual loans | 44085 | 45597 | 37683 | 37697 | 39854 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total nonperforming loans | 64579 | 45597 | 37683 | 37697 | 39854 |
| &nbsp;&nbsp;&nbsp;&nbsp;Nonaccrual loans held-for-sale |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Other real estate owned |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total nonperforming assets | $64579 | $45597 | $37683 | $37697 | $39854 |
| &nbsp;&nbsp;&nbsp;&nbsp;Nonperforming loans (% total loans) | 1.12% | 0.78% | 0.64% | 0.65% | 0.69% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nonperforming assets (% total assets) | 0.84% | 0.59% | 0.49% | 0.49% | 0.51% |
| &nbsp;&nbsp;Classified loans | $117780 | $118418 | $113470 | $106718 | $67853 |
| &nbsp;&nbsp;Allowance for credit losses on loans (ACL): |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;ACL to total loans | 0.78% | 0.79% | 0.76% | 0.77% | 0.78% |
| &nbsp;&nbsp;&nbsp;&nbsp;ACL to nonperforming loans | 69.78% | 101.30% | 117.97% | 117.93% | 112.72% |
| &nbsp;&nbsp;&nbsp;&nbsp;Net charge-offs | $1049 | $49 | $368 | $573 | $124 |
| &nbsp;&nbsp;&nbsp;&nbsp;Average net charge-off rate (annualized) | 0.07% | 0.00% | 0.03% | 0.04% | 0.01% |

---

------

**Kearny Financial Corp.**

**Supplemental Balance Sheet Highlights**

**(Unaudited)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| (Dollars in Thousands) | **September 30,<br>2025** | **June 30,<br>2025** | **March 31,<br>2025** | **December 31,<br>2024** | **September 30,<br>2024** |
| **Funding composition:** |  |  |  |  |  |
| &nbsp;&nbsp;Deposits: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-interest-bearing deposits | $578481 | $582045 | $587118 | $601510 | $592099 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing demand | 2334560 | 2362222 | 2410925 | 2380408 | 2247685 |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings | 751253 | 754376 | 758239 | 742266 | 681709 |
| &nbsp;&nbsp;&nbsp;&nbsp;Certificates of deposit (retail) | 1208408 | 1218920 | 1218479 | 1213887 | 1215746 |
| &nbsp;&nbsp;&nbsp;&nbsp;Certificates of deposit (brokered) | 759180 | 757654 | 732587 | 732989 | 733273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing deposits | 5053401 | 5093172 | 5120230 | 5069550 | 4878413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 5631882 | 5675217 | 5707348 | 5671060 | 5470512 |
| &nbsp;&nbsp;Borrowings: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal Home Loan Bank advances | 1006497 | 1106491 | 1028976 | 1028949 | 1209888 |
| &nbsp;&nbsp;&nbsp;&nbsp;Overnight borrowings | 200000 | 150000 | 185000 | 230000 | 270000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total borrowings | 1206497 | 1256491 | 1213976 | 1258949 | 1479888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total funding | $6838379 | $6931708 | $6921324 | $6930009 | $6950400 |
| &nbsp;&nbsp;Loans as a % of deposits | 101.7% | 101.7% | 101.8% | 101.4% | 105.1% |
| &nbsp;&nbsp;Deposits as a % of total funding | 82.4% | 81.9% | 82.5% | 81.8% | 78.7% |
| &nbsp;&nbsp;Borrowings as a % of total funding | 17.6% | 18.1% | 17.5% | 18.2% | 21.3% |
| **Uninsured deposits:** |  |  |  |  |  |
| &nbsp;&nbsp;Uninsured deposits (reported) <sup>(1)</sup> | $2040021 | $1989095 | $1959070 | $1935607 | $1799726 |
| &nbsp;&nbsp;Uninsured deposits (adjusted) <sup>(2)</sup> | $804209 | $813780 | $799238 | $797721 | $773375 |

---

_________________________

(1)Uninsured deposits of Kearny Bank.

(2)Uninsured deposits of Kearny Bank adjusted to exclude deposits of its wholly-owned subsidiary and holding company and collateralized deposits of state and local governments.

------

**Kearny Financial Corp.**

**Consolidated Statements of Income**

**(Unaudited)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|<br>(Dollars and Shares in Thousands,<br>Except Per Share Data) | **September 30,<br>2025** | **June 30,<br>2025** | **March 31,<br>2025** | **December 31,<br>2024** | **September 30,<br>2024** |
| **Interest income** |  |  |  |  |  |
| &nbsp;&nbsp;Loans | $68349 | $66485 | $64768 | $65408 | $66331 |
| &nbsp;&nbsp;Taxable investment securities | 12600 | 12322 | 12738 | 13803 | 14384 |
| &nbsp;&nbsp;Tax-exempt investment securities | 41 | 49 | 55 | 59 | 71 |
| &nbsp;&nbsp;Other interest-earning assets | 1518 | 1549 | 1773 | 2215 | 2466 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest income | 82508 | 80405 | 79334 | 81485 | 83252 |
| **Interest expense** |  |  |  |  |  |
| &nbsp;&nbsp;Deposits | 33931 | 33607 | 34912 | 36721 | 35018 |
| &nbsp;&nbsp;Borrowings | 10873 | 10955 | 10380 | 12152 | 15788 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest expense | 44804 | 44562 | 45292 | 48873 | 50806 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net interest income** | 37704 | 35843 | 34042 | 32612 | 32446 |
| (Reversal of) provision for credit losses | (82) | 1785 | 366 | 107 | 108 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net interest income after (reversal of) provision for credit losses** | 37786 | 34058 | 33676 | 32505 | 32338 |
| **Non-interest income** |  |  |  |  |  |
| &nbsp;&nbsp;Fees and service charges | 892 | 655 | 573 | 627 | 635 |
| &nbsp;&nbsp;Gain on sale of loans | 199 | 190 | 112 | 304 | 200 |
| &nbsp;&nbsp;Income from bank owned life insurance | 2689 | 2869 | 2617 | 2619 | 2567 |
| &nbsp;&nbsp;Electronic banking fees and charges | 416 | 442 | 391 | 493 | 391 |
| &nbsp;&nbsp;Other income | 1651 | 835 | 869 | 830 | 833 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total non-interest income | 5847 | 4991 | 4562 | 4873 | 4626 |
| **Non-interest expense** |  |  |  |  |  |
| &nbsp;&nbsp;Salaries and employee benefits | 18745 | 18093 | 17700 | 17579 | 17498 |
| &nbsp;&nbsp;Net occupancy expense of premises | 3307 | 2820 | 3075 | 2831 | 2798 |
| &nbsp;&nbsp;Equipment and systems | 3974 | 4030 | 3921 | 3892 | 3860 |
| &nbsp;&nbsp;Advertising and marketing | 562 | 615 | 609 | 311 | 342 |
| &nbsp;&nbsp;Federal deposit insurance premium | 1301 | 1395 | 1450 | 1503 | 1563 |
| &nbsp;&nbsp;Directors' compensation | 307 | 307 | 326 | 361 | 361 |
| &nbsp;&nbsp;Other expense | 3470 | 3633 | 3309 | 3084 | 3364 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total non-interest expense | 31666 | 30893 | 30390 | 29561 | 29786 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Income before income taxes** | 11967 | 8156 | 7848 | 7817 | 7178 |
| &nbsp;&nbsp;Income taxes | 2461 | 1387 | 1200 | 1251 | 1086 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net income** | $9506 | $6769 | $6648 | $6566 | $6092 |
| **Net income per common share (EPS)** |  |  |  |  |  |
| &nbsp;&nbsp;Basic | $0.15 | $0.11 | $0.11 | $0.11 | $0.10 |
| &nbsp;&nbsp;Diluted | $0.15 | $0.11 | $0.11 | $0.10 | $0.10 |
| **Dividends declared** |  |  |  |  |  |
| &nbsp;&nbsp;Cash dividends declared per common share | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 |
| &nbsp;&nbsp;Cash dividends declared | $6963 | $6946 | $6933 | $6933 | $6896 |
| &nbsp;&nbsp;Dividend payout ratio | 73.2% | 102.6% | 104.3% | 105.6% | 113.2% |
| **Weighted average number of common shares outstanding** |  |  |  |  |  |
| &nbsp;&nbsp;Basic | 62741 | 62597 | 62548 | 62443 | 62389 |
| &nbsp;&nbsp;Diluted | 62951 | 62755 | 62713 | 62576 | 62420 |

---

------

**Kearny Financial Corp.**

**Average Balance Sheet Data**

**(Unaudited)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|<br>(Dollars in Thousands) | **September 30,<br>2025** | **June 30,<br>2025** | **March 31,<br>2025** | **December 31,<br>2024** | **September 30,<br>2024** |
| **Assets** |  |  |  |  |  |
| Interest-earning assets: |  |  |  |  |  |
| &nbsp;&nbsp;Loans receivable, including loans held-for-sale | $5806767 | $5830421 | $5805045 | $5762053 | $5761593 |
| &nbsp;&nbsp;Taxable investment securities | 1236705 | 1227825 | 1251612 | 1285800 | 1314945 |
| &nbsp;&nbsp;Tax-exempt investment securities | 6856 | 8039 | 9135 | 9711 | 12244 |
| &nbsp;&nbsp;Other interest-earning assets | 115776 | 117622 | 110736 | 116354 | 131981 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | 7166104 | 7183907 | 7176528 | 7173918 | 7220763 |
| Non-interest-earning assets | 453215 | 454975 | 457206 | 459982 | 467670 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total assets | $7619319 | $7638882 | $7633734 | $7633900 | $7688433 |
| **Liabilities and Stockholders' Equity** |  |  |  |  |  |
| Interest-bearing liabilities: |  |  |  |  |  |
| &nbsp;&nbsp;Deposits: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing demand | $2343809 | $2342523 | $2405974 | $2314378 | $2282608 |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings | 754244 | 754192 | 751243 | 711801 | 668240 |
| &nbsp;&nbsp;&nbsp;&nbsp;Certificates of deposit (retail) | 1211026 | 1215661 | 1215767 | 1216948 | 1203770 |
| &nbsp;&nbsp;&nbsp;&nbsp;Certificates of deposit (brokered) | 755813 | 744345 | 730612 | 730773 | 551819 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 5064892 | 5056721 | 5103596 | 4973900 | 4706437 |
| &nbsp;&nbsp;Borrowings: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal Home Loan Bank advances | 1077146 | 1083902 | 1028958 | 1085455 | 1325583 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other borrowings | 85489 | 107582 | 93389 | 156522 | 237011 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total borrowings | 1162635 | 1191484 | 1122347 | 1241977 | 1562594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 6227527 | 6248205 | 6225943 | 6215877 | 6269031 |
| Non-interest-bearing liabilities: |  |  |  |  |  |
| &nbsp;&nbsp;Non-interest-bearing deposits | 581625 | 582085 | 602647 | 604915 | 599095 |
| &nbsp;&nbsp;Other non-interest-bearing liabilities | 65024 | 64405 | 59919 | 65258 | 69629 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total non-interest-bearing liabilities | 646649 | 646490 | 662566 | 670173 | 668724 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 6874176 | 6894695 | 6888509 | 6886050 | 6937755 |
| Stockholders' equity | 745143 | 744187 | 745225 | 747850 | 750678 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and stockholders' equity | $7619319 | $7638882 | $7633734 | $7633900 | $7688433 |
| Average interest-earning assets to average interest-bearing liabilities | 115.07% | 114.98% | 115.27% | 115.41% | 115.18% |

---

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**Kearny Financial Corp.**

**Performance Ratio Highlights**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
| | **September 30,<br>2025** | **June 30,<br>2025** | **March 31,<br>2025** | **December 31,<br>2024** | **September 30,<br>2024** |
| **Average yield on interest-earning assets:** | | | | | |
| &nbsp;&nbsp;Loans receivable, including loans held-for-sale | 4.71% | 4.56% | 4.46% | 4.54% | 4.61% |
| &nbsp;&nbsp;Taxable investment securities | 4.08% | 4.01% | 4.07% | 4.29% | 4.38% |
| &nbsp;&nbsp;Tax-exempt investment securities <sup>(1)</sup> | 2.42% | 2.43% | 2.43% | 2.42% | 2.32% |
| &nbsp;&nbsp;Other interest-earning assets | 5.24% | 5.27% | 6.40% | 7.62% | 7.47% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | 4.61% | 4.48% | 4.42% | 4.54% | 4.61% |
| **Average cost of interest-bearing liabilities:** |  |  |  |  |  |
| &nbsp;&nbsp;Deposits: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing demand | 2.63% | 2.63% | 2.73% | 2.96% | 3.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings | 1.41% | 1.33% | 1.30% | 1.29% | 1.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;Certificates of deposit (retail) | 3.56% | 3.56% | 3.73% | 4.06% | 4.12% |
| &nbsp;&nbsp;&nbsp;&nbsp;Certificates of deposit (brokered) | 2.67% | 2.62% | 2.58% | 2.70% | 2.18% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 2.68% | 2.66% | 2.74% | 2.95% | 2.98% |
| &nbsp;&nbsp;Borrowings: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal Home Loan Bank advances | 3.69% | 3.60% | 3.63% | 3.78% | 3.82% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other borrowings | 4.44% | 4.45% | 4.41% | 4.88% | 5.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total borrowings | 3.74% | 3.68% | 3.70% | 3.91% | 4.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 2.88% | 2.85% | 2.91% | 3.15% | 3.24% |
| &nbsp;&nbsp;Interest rate spread <sup>(2)</sup> | 1.73% | 1.62% | 1.51% | 1.39% | 1.37% |
| &nbsp;&nbsp;Net interest margin <sup>(3)</sup> | 2.10% | 2.00% | 1.90% | 1.82% | 1.80% |
| &nbsp;&nbsp;Non-interest income to average assets (annualized) | 0.31% | 0.26% | 0.24% | 0.26% | 0.24% |
| &nbsp;&nbsp;Non-interest expense to average assets (annualized) | 1.66% | 1.62% | 1.59% | 1.55% | 1.55% |
| &nbsp;&nbsp;Efficiency ratio <sup>(4)</sup> | 72.71% | 75.66% | 78.72% | 78.86% | 80.35% |
| &nbsp;&nbsp;Return on average assets (annualized) | 0.50% | 0.35% | 0.35% | 0.34% | 0.32% |
| &nbsp;&nbsp;Return on average equity (annualized) | 5.10% | 3.64% | 3.57% | 3.51% | 3.25% |
| &nbsp;&nbsp;Return on average tangible equity (annualized) <sup>(5)</sup> | 6.09% | 4.36% | 4.28% | 4.21% | 3.89% |

---

_________________________

(1)The yield on tax-exempt investment securities has not been adjusted to reflect their tax-effective yield.

(2)Interest income divided by average interest-earning assets less interest expense divided by average interest-bearing liabilities.

(3)Net interest income divided by average interest-earning assets.

(4)Non-interest expense divided by the sum of net interest income and non-interest income.

(5)Average tangible equity equals total average stockholders' equity reduced by average goodwill and average core deposit intangible assets.

------

The following tables provide a reconciliation of certain financial measures calculated in accordance with Generally Accepted Accounting Principles ("GAAP") (as reported) and non-GAAP measures. These non-GAAP measures provide additional information which allow readers to evaluate the ongoing performance of the Company. They are not a substitute for GAAP measures; they should be read and used in conjunction with the Company's GAAP financial information. In all cases, it should be understood that non-GAAP per share measures do not depict amounts that accrue directly to the benefit of shareholders.

**Kearny Financial Corp.**

**Reconciliation of GAAP to Non-GAAP**

**(Unaudited)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|<br>(Dollars and Shares in Thousands,<br>Except Per Share Data) | **September 30,<br>2025** | **June 30,<br>2025** | **March 31,<br>2025** | **December 31,<br>2024** | **September 30,<br>2024** |
| **Adjusted net income:** |  |  |  |  |  |
| &nbsp;&nbsp;Net income (GAAP) | $9506 | $6769 | $6648 | $6566 | $6092 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-recurring transactions - net of tax: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Branch consolidation expenses | 178 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gain on sale of property held for sale | (532) |  |  |  |  |
| &nbsp;&nbsp;Adjusted net income | $9152 | $6769 | $6648 | $6566 | $6092 |
| **Calculation of pre-tax, pre-provision net revenue:** |  |  |  |  |  |
| &nbsp;&nbsp;Net income (GAAP) | $9506 | $6769 | $6648 | $6566 | $6092 |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjustments to net income (GAAP): |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for income taxes | 2461 | 1387 | 1200 | 1251 | 1086 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Reversal of) provision for credit losses | (82) | 1785 | 366 | 107 | 108 |
| &nbsp;&nbsp;Pre-tax, pre-provision net revenue (non-GAAP) | $11885 | $9941 | $8214 | $7924 | $7286 |
| **Adjusted earnings per share:** |  |  |  |  |  |
| &nbsp;&nbsp;Weighted average common shares - basic | 62741 | 62597 | 62548 | 62443 | 62389 |
| &nbsp;&nbsp;Weighted average common shares - diluted | 62951 | 62755 | 62713 | 62576 | 62420 |
| &nbsp;&nbsp;Earnings per share - basic (GAAP) | $0.15 | $0.11 | $0.11 | $0.11 | $0.10 |
| &nbsp;&nbsp;Earnings per share - diluted (GAAP) | $0.15 | $0.11 | $0.11 | $0.10 | $0.10 |
| &nbsp;&nbsp;Adjusted earnings per share - basic (non-GAAP) | $0.15 | $0.11 | $0.11 | $0.11 | $0.10 |
| &nbsp;&nbsp;Adjusted earnings per share - diluted (non-GAAP) | $0.15 | $0.11 | $0.11 | $0.10 | $0.10 |
| **Pre-tax, pre-provision net revenue per share:** |  |  |  |  |  |
| &nbsp;&nbsp;Pre-tax, pre-provision net revenue per share - basic&nbsp;&nbsp;&nbsp;&nbsp;(non-GAAP) | $0.19 | $0.16 | $0.13 | $0.13 | $0.12 |
| &nbsp;&nbsp;Pre-tax, pre-provision net revenue per share - diluted&nbsp;&nbsp;&nbsp;&nbsp;(non-GAAP) | $0.19 | $0.16 | $0.13 | $0.13 | $0.12 |
| **Adjusted return on average assets:** |  |  |  |  |  |
| &nbsp;&nbsp;Total average assets | $7619319 | $7638882 | $7633734 | $7633900 | $7688433 |
| &nbsp;&nbsp;Return on average assets (GAAP) | 0.50% | 0.35% | 0.35% | 0.34% | 0.32% |
| &nbsp;&nbsp;Adjusted return on average assets (non-GAAP) | 0.48% | 0.35% | 0.35% | 0.34% | 0.32% |
| **Adjusted return on average equity:** |  |  |  |  |  |
| &nbsp;&nbsp;Total average equity | $745143 | $744187 | $745225 | $747850 | $750678 |
| &nbsp;&nbsp;Return on average equity (GAAP) | 5.10% | 3.64% | 3.57% | 3.51% | 3.25% |
| &nbsp;&nbsp;Adjusted return on average equity (non-GAAP) | 4.91% | 3.64% | 3.57% | 3.51% | 3.25% |

---

------

**Kearny Financial Corp.**

**Reconciliation of GAAP to Non-GAAP**

**(Unaudited)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|<br>(Dollars and Shares in Thousands,<br>Except Per Share Data) | **September 30,<br>2025** | **June 30,<br>2025** | **March 31,<br>2025** | **December 31,<br>2024** | **September 30,<br>2024** |
| **Adjusted return on average tangible equity:** |  |  |  |  |  |
| Total average equity | $745143 | $744187 | $745225 | $747850 | $750678 |
| Less: average goodwill | (113525) | (113525) | (113525) | (113525) | (113525) |
| Less: average other intangible assets | (1395) | (1513) | (1636) | (1761) | (1886) |
| Total average tangible equity | $630223 | $629149 | $630064 | $632564 | $635267 |
| Return on average tangible equity (non-GAAP) | 6.09% | 4.36% | 4.28% | 4.21% | 3.89% |
| Adjusted return on average tangible equity (non-GAAP) | 5.87% | 4.36% | 4.28% | 4.21% | 3.89% |
| **Adjusted non-interest expense ratio:** |  |  |  |  |  |
| Non-interest expense (GAAP) | $31666 | $30893 | $30390 | $29561 | $29786 |
| Non-recurring transactions: |  |  |  |  |  |
| Branch consolidation expenses | (250) |  |  |  |  |
| Non-interest expense (non-GAAP) | $31416 | $30893 | $30390 | $29561 | $29786 |
| Non-interest expense ratio (GAAP) | 1.66% | 1.62% | 1.59% | 1.55% | 1.55% |
| Adjusted non-interest expense ratio (non-GAAP) | 1.65% | 1.62% | 1.59% | 1.55% | 1.55% |
| **Adjusted efficiency ratio:** |  |  |  |  |  |
| Non-interest expense (non-GAAP) | $31416 | $30893 | $30390 | $29561 | $29786 |
| Net interest income (GAAP) | $37704 | $35843 | $34042 | $32612 | $32446 |
| Total non-interest income (GAAP) | 5847 | 4991 | 4562 | 4873 | 4626 |
| Non-recurring transactions: |  |  |  |  |  |
| Gain on sale of property held for sale | (749) |  |  |  |  |
| Total revenue (non-GAAP) | $42802 | $40834 | $38604 | $37485 | $37072 |
| Efficiency ratio (GAAP) | 72.71% | 75.66% | 78.72% | 78.86% | 80.35% |
| Adjusted efficiency ratio (non-GAAP) | 73.40% | 75.66% | 78.72% | 78.86% | 80.35% |

---

## Exhibit 99.2

![](krny-20251023xexx992xfin001.jpg)

October 23, 2025 I N V E S T O R P R E S E N T A T I O N F I R S T Q U A R T E R F I S C A L 2 0 2 6 Exhibit 99.2

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![](krny-20251023xexx992xfin002.jpg)

Forward Looking Statements & Financial Measures 2 This presentation may include certain "forward-looking statements," which are made in good faith by Kearny Financial Corp. (the "Company") pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties, such as statements of the Company's plans, objectives, expectations, estimates and intentions that are subject to change based on various important factors (some of which are beyond the Company's control). In addition to the factors described under Item 1A. Risk Factors in the Company's Annual Report on Form 10-K, and subsequent filings with the Securities and Exchange Commission, the following factors, among others, could cause the Company's financial performance to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements: • the strength of the United States economy in general and the strength of the local economy in which the Company conducts operations, • the effects of, and changes in, trade, monetary and fiscal policies and laws, including interest rate policies of the Board of Governors of the Federal Reserve System, inflation, interest rates, market and monetary fluctuations, • the impact of changes in laws, regulations and government policies effecting financial institutions (including taxation, banking, securities, insurance and tariffs), • the impact of any shutdown of the federal government, • changes in accounting policies and practices, as may be adopted by regulatory agencies, the Financial Accounting Standards Board ("FASB") or the Public Company Accounting Oversight Board, • technological changes, • competition among financial services providers, and • the success of the Company at managing the risks involved in the foregoing and managing its business. The Company cautions that the foregoing list of important factors is not exhaustive. Readers should not place any undue reliance on any forward looking statements, which speak only as of the date made. The Company does not undertake 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. This presentation contains financial information determined by methods other than in accordance with accounting principles generally accepted in the United States of America ("GAAP"). Management uses these "non-GAAP" measures in its analysis of the Company's performance. Management believes these non-GAAP financial measures allow for better comparability of period to period operating performance. Additionally, the Company believes this information is utilized by regulators and market analysts to evaluate a company's financial condition and therefore, such information is useful to investors. These disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. A reconciliation of the non-GAAP measures used in this presentation to the most directly comparable GAAP measures is provided at the end of this presentation.

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![](krny-20251023xexx992xfin003.jpg)

Kearny Financial Corp. 1 As of June 30, 2024 2 As of June 30, 2024 Source: S&P Global Market Intelligence & Company Filings 3 Branch/Office Footprint 1 Financial information as of September 30, 2025. Source: Company Filings 3 NASDAQ: KRNY Assets $7.6 billion Founded: 1884 Loans $5.8 billion TBV Per Share: $9.86 Deposits $5.6 billion Market Cap: $425.3 million Capital $0.8 billion Positioned for Strength: Ranked among New Jersey's top 10 financial institutions by assets and deposits—underscoring our financial strength and market leadership. Operational Footprint: Operating 43 branches across 12 counties in NJ and the NY metro area, with 3 consolidations by October 2025 streamlining our network to 40 locations. Growth Through Acquisition: Seven whole-bank acquisitions since 1999 reflect our disciplined M&A strategy and commitment to long- term growth and shareholder value. Company Overview1 Company Profile

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![](krny-20251023xexx992xfin004.jpg)

4 4 Origins 1884 — Founded in Kearny, NJ 1941 — Obtained Federal Charter 2017 — Converted to NJ State– Chartered Savings Bank Capital 2005 — First-Step Mutual Conversion & $218.2M IPO 2015 — Second-Step Conversion & $717.5M Stock Offering Bank Acquisitions 1999 — South Bergen Savings Bank 2003 — Pulaski Bancorp 2004 — West Essex Bank 2011 — Central Jersey Bancorp 2014 — Atlas Bank 2018 — Clifton Bancorp 2020 — MSB Financial Corp. Client & Community 2015 — KearnyBank Foundation formed (funded with $10M) 2021 — Private Client Services introduced 2022 — Kearny Investment Services established 140+ Years of Growth and Community Impact "A legacy of trust, a future of opportunity."

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![](krny-20251023xexx992xfin005.jpg)

First Quarter 2026 Performance 1 GAAP to Adjusted reconciliation on page 19. Source: Company Filings. 5 Quarter Highlights Earnings Acceleration, Margin Expansion, and Strategic Execution Earnings Surge: Net income up 40% QoQ to $9.5M ($0.15/share). Margin Expansion: Net interest margin increased 10 bps to 2.10%; net interest income increased 5.2%. Consistent Dividend: Quarterly cash dividend maintained at $0.11/share. Robust dividend yield of 6.70%. Strategic Actions: Entered partnership with The Lab Consulting —a leading provider of end-to-end robotic process automation—to enhance client experience and scale revenue efficiently. Loan Diversification: Construction loans up 27% annualized; C&I loans up 10% annualized. Non-Recurring Gains: $749K pre-tax gain on property sale partially offset by branch consolidation expenses. Reported Adjusted1 GAAP Net Income: $9.5 million $9.2 million Diluted EPS: $0.15 $0.15 Net Interest Income: $37.7 million $37.7 million Net Interest Margin: 2.10% 2.10% Dividend Yield: 6.70% 6.70% CET- 1 Ratio: 14.59% 14.59% Financial Metrics

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![](krny-20251023xexx992xfin006.jpg)

Sustained Earnings Growth and Margin Expansion Net Interest Income & Net Interest Margin 6 Earnings Metrics 2 1 See "Non-GAAP Financial Information" for reconciliation on page 19. Source: Company Filings. ($ thousands) $6,092 $6,566 $6,648 $6,769 $9,506 $7,286 $7,924 $8,214 $9,941 $11,885 $0.10 $0.10 $0.11 $0.11 $0.15 $0.12 $0.13 $0.13 $0.16 $0.19 1Q25 2Q25 3Q25 4Q25 1Q26 Net income Pre-tax, pre-provision net revenue Earnings per share, diluted Pre-tax, pre-provision earnings per share ($ thousands, except per share data) $32,446 $32,612 $34,042 $35,843 $37,704 1.80% 1.82% 1.90% 2.00% 2.10% 1Q25 2Q25 3Q25 4Q25 1Q26 Net Interest Income Net Interest Margin 1 1

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![](krny-20251023xexx992xfin007.jpg)

Granular Deposit Franchise 1 As of September 30, 2025. Source: Company Filings. 7 Non-Maturity Deposit Mix1 ($ millions) 21.5% 13.5% 13.3% 41.5% 10.3% Deposit Composition Deposit Growth $1,216 $1,214 $1,218 $1,219 $1,208 $733 $733 $733 $758 $759 $682 $742 $758 $754 $751 $2,248 $2,380 $2,411 $2,362 $2,335 $592 $602 $587 $582 $578 $5,471 $5,671 $5,707 $5,675 $5,632 1Q25 2Q25 3Q25 4Q25 1Q26 Retail CDs Wholesale CDs Savings Interest Bearing DDA Non-interest Bearing DDA Consumer 63.9% Commercial 21.8% Government 14.3%

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![](krny-20251023xexx992xfin008.jpg)

Retail Deposit Detail 1 Quarters are based on a calendar year view. 2As of September 30, 2025. 3 Excludes brokered and state & local government deposits. Source: Company Filings. 8 Retail CD Maturities1 Retail Deposit Segmentation2,3 ($ millions) Product # of Accounts Balance ($ millions) Average Balance per Account Checking 51,505 $2,389 $46,377 Savings 28,259 750 26,554 CDs 23,023 1,195 51,889 Total Retail Deposits 102,787 $4,334 $42,162$570 $397 $92 $76 $74 3.74% 3.57% 3.38% 2.85% 2.28% 4Q25 1Q26 2Q26 3Q26 4Q26 & Beyond

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![](krny-20251023xexx992xfin009.jpg)

Diversified Loan Portfolio Loan Trend 1 As of September 30, 2025. Source: S&P Global Market Intelligence & Company Filings. 9 QTD Yield on Loans 4.71% 1-4 Family 30.3% Home Equity 0.9% Multi-family 45.8%CRE 17.2% Construction 3.3% C&I 2.5% New York 33.0% New Jersey 55.8% Pennsylvania 6.2% Other 5.0% Geographic Distribution1 Loan mix repositioned toward higher-yield commercial credit, with construction and C&I lending up 27% and 10% annualized, respectively. Supports margin and earnings growth, advancing NIM and PPNR expansion. Loan yields rose 15bps QoQ to 4.71%. Highlights LTV 60.0% $1,768 $1,765 $1,761 $1,749 $1,749 $2,646 $2,723 $2,733 $2,710 $2,641 $951 $950 $988 $987 $989 $227 $177 $175 $178 $190 $146 $136 $140 $139 $142 $5,786 $5,800 $5,850 $5,815 $5,768 1Q25 2Q25 3Q25 4Q25 1Q26 1-4 Family Home Equity Multi-family CRE Construction C&I Loan Composition1 ($ millions)

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![](krny-20251023xexx992xfin010.jpg)

Opportunity to Drive Margin Expansion 10 Multifamily / CRE Loan Repricing Opportunity1 CRE Portfolio Reprice: Loans reprice based on the 5-Year Treasury plus spread or contractual terms. Interest Income Upside: Repricing through 2029 could drive ~$49M in cumulative annual interest income growth, assuming similar loan replacement. Yield Enhancement Opportunity: Maturing loans enable strategic redeployment into higher-yielding assets, optimizing portfolio returns. 1 Excludes coupon greater than 6%. Based on a calendar year view. 2 Repricing Rate: Maturing loans assume treasury + a spread and Repricing loans assume contractual terms. Source: Company Filings ($ thousands) Highlights 2 $52,726 $227,313 $451,278 $89,455 $237,706 $2,762 $184,763 $277,180 $72,539 $55,664 3.54% 3.71% 3.75% 3.97% 3.88% 6.28% 6.77% 6.89% 6.31% 6.58% 4Q25 2026 2027 2028 2029 Maturing Repricing Current Rate Repricing Rate (if repriced 10/1/25) Implied Spread 2.87%

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![](krny-20251023xexx992xfin011.jpg)

Multifamily Loan Portfolio Multifamily Loan Portfolio Composition1 Source: Company Filings 1 As of September 30, 2025. 11 NYC Multifamily Loan Portfolio by Location Strong Asset Quality: Proven resilience across multiple credit cycles. Diversified Exposure: <50% of Multifamily in NYC; only 5% majority rent-regulated. Near-Term Maturities: 13% of NYC Multifamily loans reprice or mature within 12 months. Majority NYC Free Market 40.2% Outside NYC 54.5% Fully NYC Rent Regulated 1.9% Majority NYC Rent Regulated 3.4% Total MF $2.6B NYC Multifamily Portfolio: $1.2 billion Average Loan Balance: $3.33 million Weighted Average LTV: 61.3% Nonperforming Loans / Total MF Loans: 1.30% Next 12 Months of Maturity & Repricing: $222.2 million New York City ("NYC") Multifamily1 Highlights Loan Value % Brooklyn $795 64.0% Queens 167 13.4% Manhattan 139 11.2% Bronx 141 11.4% Total NYC MF Loan Portfolio $1,241 100.0% $ in millions

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![](krny-20251023xexx992xfin012.jpg)

CRE Loan Detail Source: Company Filings. 1 As of September 30, 2025. 12 Retail 28.4% Mixed Use 25.2% Office 13.6% Industrial 18.2% Specialty & Other 10.5% Medical 4.0% Total CRE $989M New Jersey 56.0% Brooklyn 8.8% New York (Ex. Brooklyn) 26.5% Pennsylvania 4.2% Other 4.5% LTV 49.8% CRE Portfolio by Collateral Type1 CRE Loan Geographic Distribution1

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![](krny-20251023xexx992xfin013.jpg)

Office Portfolio 1 As of September 30, 2025. Source: Company Filings. 13 Office Portfolio by Contractual Maturity1 13.6% of total CRE portfolio or $134 million Average loan size of $1.9 million ($ millions) Office Loan Geographic Distribution1 LTV 49.2% DSCR 1.8x Total Office $134M $3 $9 $34 $17 $8 $63 2025 2026 2027 2028 2029 2030+ Manhattan 16.6% New York (Excl. Manhattan) 14.0% New Jersey 66.2% Other 3.2%

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![](krny-20251023xexx992xfin014.jpg)

Track Record of Strong Credit Performance 1 Data provided by Federal Reserve Bank of St. Louis. Source: Company Filings. 14 Net Charge-offs to Average Total Loans Between 2006 and 1Q26, including the periods of the Global Financial Crisis and the COVID-19 Pandemic, KRNY maintained an average annual net charge-off rate of 9 basis points, significantly lower than the 48 basis points average for all commercial banks (US Banks not among the top 100)1. Cumulative charge-offs for KRNY between 2006 and 1Q26 were minimal, totaling $40.8 million. 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1Q26 Commercial Banks (not among top 100) KRNY Global Hurricane Sandy COVID-19 Pandemic

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![](krny-20251023xexx992xfin015.jpg)

Asset Quality Metrics Non-Performing Assets / Total Assets 1 As of September 30, 2025; dollar amounts shown in millions. Source: Company Filings. 15 Net Charge-Offs / Average Loans Non-Performing Loans1 0.01% 0.04% 0.03% 0.00% 0.07% 1Q25 2Q25 3Q25 4Q25 1Q26 0.51% 0.49% 0.49% 0.59% 0.84% 1Q25 2Q25 3Q25 4Q25 1Q26 Allowance for Credit Losses ACL by Loan Segment1 $3,962 $1,806 0.89% 0.54% Commercial Consumer Loan Balance ACL/Loans $44.9 $44.5 $44.5 $46.2 $45.1 0.78% 0.77% 0.76% 0.79% 0.78% 1Q25 2Q25 3Q25 4Q25 1Q26 ACL Balance ACL to Total Loans Receivable Multi-family $31.6 CRE $5.7 C&I $1.1 1-4 Family $5.3 Home Equity $0.3 Construction $20.5 NPL's $64.6M Single loan with 72% loan-to-sales ratio under collection, expected full repayment; excluding it, ratio declines to 0.58%. ($ millions)

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![](krny-20251023xexx992xfin016.jpg)

Investment Securities 1 As of September 30, 2025. 2 Comprised entirely of securitized federal education loans with 97% U.S. government guarantees. 3 Assumes 29% marginal tax rate. Source: Company Filings. 16 Securities Composition1 Securities Average Balance & Yield Trend As of September 30, 2025, the after-tax net unrecognized loss on securities held-to-maturity was $8.4 million, or 1.32% of tangible equity3 Corporate Bonds 12.1% CLO 29.3% ABS Student Loans 5.2% Agency MBS 52.9% Municipal Bonds 0.6% AFS/HTM & Effective Duration1 ($ millions) 2 Total Effective Duration ≈ 3.4 years Floating rate securities ≈ 33.0% $1,327 $1,296 $1,261 $1,236 $1,244 4.36% 4.28% 4.06% 4.00% 4.07% 1Q25 2Q25 3Q25 4Q25 1Q26 Securities Portfolio Yield on Investments AFS 89.7% HTM 10.3%

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Capital and Liquidity 1 Kearny Financial Corp. (NASDAQ: KRNY) Regulatory Capital Ratios as of September 30, 2025 are preliminary. 2 Well capitalized regulatory minimums are determined at Bank level. 3 As of September 30, 2025 Source: Company Filings. 17 Highlights 8.31% 8.27% 8.31% 8.27% 8.47% 9.67% 9.63% 9.67% 9.64% 9.85% 1Q25 2Q25 3Q25 4Q25 1Q26 Tangible Common Equity / Tangible Assets Equity / Assets Regulatory Capital Ratios1,2,3 Equity Capitalization Level Liquidity Sources3 5.00% 6.50% 8.00% 10.00%9.26% 14.59% 14.59% 15.54% Tier 1 Leverage Common Equity Tier 1 Tier 1 Risk-Based Capital Total Risk-Based Capital Well Capitalized Regulatory Minimum Well-Capitalized Status Maintained Regulatory ratios for both Company and Bank remain well above "well-capitalized" thresholds. Tangible Equity Strength Tangible equity / tangible assets: 8.47%, up 20 bps Q/Q, reinforcing balance sheet resilience. Significant Contingent Liquidity $2.54B secured borrowing capacity with FHLB & Fed—~33% of total assets. Available liquidity is 3.2x greater than the estimated uninsured deposits. Total Capacity Available Capacity Internal Sources: Free Securities and other 567$567$ External Sources: FRB 1,230 1,230 FHLB 2,102 746 Total Liquidity 3,899$2,542$($ millions)

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18 Conservative Underwriting Culture Comprehensive CRE / Multifamily Underwriting Highly disciplined LTV and DSCR standards Interest rates stressed at origination DSCR based on in-place rents, not projections, with conservative allowances for vacancy NOI underwritten to include forecasted expense increases and full taxes (where a tax abatement exists) Approval Authority & Underwriting Consistency Lending authority aggregated by borrower/group of related borrowers Technology ensures consistent and efficient underwriting and risk rating process Multi-faceted Loan Review & Stress Testing Semi-annual third-party loan-level stress testing and annual capital-based stress testing Quarterly third-party portfolio loan review with 65% of total portfolio reviewed on an annual basis Annual internal loan reviews on all commercial loans with balances of $2.5 million or greater Proactive Workout Process Dedicated team of portfolio managers and loan workout specialists Weekly meetings comprised of loan officers, credit personnel and special assets group to pre-emptively address delinquencies or problem credits Philosophy of aggressively addressing impaired assets in a timely fashion Senior Credit Officer Approval Management Loan Committee Approval Board Loan Committee Approval

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Non-GAAP Reconciliation 19 Reconciliation of GAAP to Non-GAAP (Dollars and Shares in Thousands, Except Per Share Data) September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 Adjusted net income: Net income (GAAP) $9,506 $6,769 $6,648 $6,566 $6,092 Non-recurring transactions - net of tax: Branch consolidation expenses 178 - - - - Gain on sale of property held for sale (532) - - - - Adjusted net income $9,152 $6,769 $6,648 $6,566 $6,092 Calculation of pre-tax, pre-provision net revenue: Net income (GAAP) $9,506 $6,769 $6,648 $6,566 $6,092 Adjustments to net income (GAAP): Provision for income taxes $2,461 $1,387 $1,200 $1,251 $1,086 (Reversal of) provision for credit losses ($82) $1,785 $366 $107 $108 Pre-tax, pre-provision net revenue (non-GAAP) $11,885 $9,941 $8,214 $7,924 $7,286 Adjusted earnings per share: Weighted average common shares - basic 62,741 62,597 62,548 62,443 62,389 Weighted average common shares - diluted 62,951 62,755 62,713 62,576 62,420 Earnings per share - basic (GAAP) $0.15 $0.11 $0.11 $0.11 $0.10 Earnings per share - diluted (GAAP) $0.15 $0.11 $0.11 $0.10 $0.10 Adjusted earnings per share - basic (non-GAAP) $0.15 $0.11 $0.11 $0.11 $0.10 Adjusted earnings per share - diluted (non-GAAP) $0.15 $0.11 $0.11 $0.10 $0.10 Pre-tax, pre-provision net revenue per share: Pre-tax, pre-provision net revenue per share - basic (non-GAAP) $0.19 $0.16 $0.13 $0.13 $0.12 Pre-tax, pre-provision net revenue per share - diluted (non-GAAP) $0.19 $0.16 $0.13 $0.13 $0.12 Adjusted return on average assets: Total average assets $7,619,319 $7,638,882 $7,633,734 $7,633,900 $7,688,433 Return on average assets (GAAP) 0.50% 0.35% 0.35% 0.34% 0.32% Adjusted return on average assets (non-GAAP) 0.48% 0.35% 0.35% 0.34% 0.32% Adjusted return on average equity: Total average equity $745,143 $744,187 $745,225 $747,850 $750,678 Return on average equity (GAAP) 5.10% 3.64% 3.57% 3.51% 3.25% Adjusted return on average equity (non-GAAP) 4.91% 3.64% 3.57% 3.51% 3.25% For the quarter ended

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