Kearny Financial · NASDAQ:KRNY
Kearny Financial — Q1 2026 Earnings Presentation
19 slides from Kearny Financial's earnings presentation, Oct 23, 2025
Slide 1: Investor Presentation First Quarter Fiscal 2026
INVESTOR PRESENTATION FIRST QUARTER FISCAL 2026 October 23, 2025
Slide 2: Forward Looking Statements & Financial Measures
Forward Looking Statements & Financial Measures 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-l
Slide 3: Kearny Financial Corp. Company Overview
Kearny Financial Corp. Company Overview1 Branch/Office Footprint 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 Company Profile Positioned for Strength: Ranked among New Jersey’s top 10 fina
Slide 4: 140+ Years of Growth and Community Impact
140+ Years of Growth and Community Impact “A legacy of trust, a future of opportunity.” Origins Capital Bank Acquisitions Client & Community 1884 — Founded in 2005 — First-Step 1999 — South 2015 — KearnyBank Kearny, NJ Mutual Conversion Bergen Savings Bank Foundation formed 1941 — Obtained & $218.2M
Slide 5: First Quarter 2026 Performance
First Quarter 2026 Performance Financial Metrics Quarter Highlights Reported Adjusted1 Earnings Acceleration, Margin Expansion, and Strategic Execution GAAP Net Income: $9.5 million $9.2 million Earnings Surge: Net income up 40% QoQ to $9.5M ($0.15/share). Margin Expansion: Net interest margin incre
Slide 6: Sustained Earnings Growth and Margin Expansion
Sustained Earnings Growth and Margin Expansion Net Interest Income & Net Interest Margin Earnings Metrics ($ thousands) ($ thousands, except per share data) $0.19 2.10% $0.16 2.00% $0.15 $0.13 1.90% $0.13 $0.12 $0.10 $0.11 $0.11 1.82% 1.80% $0.10 $37,704 $11,885 $35,843 $9,941 $9,506 $7,924 $8,214 $
Slide 7: Granular Deposit Franchise
Granular Deposit Franchise Deposit Growth Non-Maturity Deposit Mix1 ($ millions) Deposit $5,671 $5,707 $5,675 $5,632 Composition $5,471 $587 10.3% Government $602 $582 $578 Commercial 14.3% $592 21.8% $2,380 $2,411 $2,362 $2,335 41.5% $2,248 $682 $742 $758 $754 $751 13.3% $733 $733 $733 $758 $759 13
Slide 8: Retail Deposit Detail
Retail Deposit Detail Retail CD Maturities1 Retail Deposit Segmentation2,3 ($ millions) 3.74% Average 3.57% # of Balance Balance per 3.38% Product Accounts ($ millions) Account Checking 51,505 $ 2,389 $ 46,377 2.85% Savings 28,259 750 26,554 2.28% CDs 23,023 1,195 51,889 $570 Total Retail Deposits 1
Slide 9: Diversified Loan Portfolio
Diversified Loan Portfolio Loan Trend Highlights ($ millions) $5,786 $5,800 $136 $5,850 $140 $5,815 $5,768 Loan mix repositioned toward higher-yield commercial $146 $139 $142 $227 $177 $175 $178 $190 credit, with construction and C&I lending up 27% and 10% $951 $950 $988 $987 $989 annualized, respec
Slide 10: Opportunity to Drive Margin Expansion
Opportunity to Drive Margin Expansion Multifamily / CRE Loan Repricing Opportunity1 Highlights ($ thousands) 6.77% 6.89% 6.58% CRE Portfolio Reprice: Loans reprice 6.28% 6.31% based on the 5-Year Treasury plus Implied spread or contractual terms. Spread 2.87% 3.97% 3.88% 3.54% 3.71% 3.75% Interest I
Slide 11: Multifamily Loan Portfolio
Multifamily Loan Portfolio Multifamily Loan Portfolio Composition1 Highlights Fully NYC Rent Regulated Strong Asset Quality: Proven resilience across multiple 1.9% Outside Majority NYC credit cycles. NYC Rent 54.5% Regulated 3.4% Diversified Exposure: <50% of Multifamily in NYC; only Total MF 5% maj
Slide 12: CRE Loan Detail
CRE Loan Detail CRE Portfolio by Collateral Type1 CRE Loan Geographic Distribution1 Medical Other 4.0% Retail 4.5% 28.4% Pennsylvania Specialty & Other 4.2% 10.5% New Jersey Total CRE LTV 56.0% $989M 49.8% Industrial 18.2% New York (Ex. Brooklyn) Mixed Use 26.5% 25.2% Office Brooklyn 13.6% 8.8% Sour
Slide 13: Office Portfolio
Office Portfolio Office Loan Geographic Distribution1 Office Portfolio by Contractual Maturity1 ($ millions) Other 3.2% New Jersey Manhattan 66.2% 16.6% Total Office $134M $63 LTV 49.2% New York (Excl. Manhattan) $34 DSCR 1.8x 14.0% $17 $9 $8 13.6% of total CRE portfolio or $134 million $3 2025 2026
Slide 14: Track Record of Strong Credit Performance
Track Record of Strong Credit Performance Net Charge-offs to Average Total Loans Global Hurricane COVID-19 Sandy Pandemic 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 2
Slide 15: Asset Quality Metrics
Asset Quality Metrics Non-Performing Loans1 ACL by Loan Segment1 Construction 0.89% $20.5 C&I $1.1 1-4 Family $5.3 NPL’s 0.54% Home Equity $0.3 $64.6M $3,962 CRE $1,806 $5.7 Multi-family $31.6 Commercial Consumer Loan Balance ACL/Loans Net Charge-Offs / Average Loans Non-Performing Assets / Total As
Slide 16: Investment Securities
Investment Securities Securities Composition1 Securities Average Balance & Yield Trend Agency Municipal ($ millions) MBS Bonds 52.9% 0.6% 4.36% 4.28% 4.06% 4.00% 4.07% Corporate Bonds ABS 12.1% Student Loans 2 CLO $1,327 $1,296 $1,261 5.2% $1,236 $1,244 29.3% AFS/HTM & Effective Duration1 Total Effe
Slide 17: Capital and Liquidity
Capital and Liquidity Regulatory Capital Ratios1,2,3 Highlights 15.54% 14.59% 14.59% Well-Capitalized Status Maintained Regulatory ratios for both Company and Bank remain well above 10.00% “well-capitalized” thresholds. 9.26% 8.00% Tangible Equity Strength 6.50% 5.00% Tangible equity / tangible asse
Slide 18: Conservative Underwriting Culture
Conservative Underwriting Culture Comprehensive CRE / Multifamily Underwriting Multi-faceted Loan Review & Stress Testing Highly disciplined LTV and DSCR standards Semi-annual third-party loan-level stress testing and annual Interest rates stressed at origination capital-based stress testing DSCR ba
Slide 19: Non-GAAP Reconciliation
Non-GAAP Reconciliation Reconciliation of GAAP to Non-GAAP For the quarter ended (Dollars and Shares in Thousands, September 30, June 30, March 31, December 31, September 30, Except Per Share Data) 2025 2025 2025 2024 2024 Adjusted net income: Net income (GAAP) $9,506 $6,769 $6,648 $6,566 $6,092 Non