Kearny Financial · NASDAQ:KRNY
Kearny Financial — Q4 FY2026 Earnings Presentation
23 slides from Kearny Financial's earnings presentation, Jul 23, 2026
Slide 1: Investor Presentation Fourth Quarter Fiscal 2026
INVESTOR PRESENTATION FOURTH QUARTER FISCAL 2026 July 23, 2026
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: KRNY Investment Thesis
KRNY Investment Thesis A Repositioned Franchise with Expanding Earnings Power Earnings Momentum Asset repricing, portfolio mix improvements, retail banking realignment, and operating efficiency initiatives are driving a more scalable earnings model and supporting sustainable growth in net income. St
Slide 4: Executing on Our Strategy
Executing on Our Strategy Driving sustainable earnings growth through disciplined capital deployment, funding optimization, and operational efficiency Optimize Retail Distribution Grow Low-Cost Core Deposits Lower cost structure | Higher productivity Improve funding mix | Lower cost of funds Realign
Slide 5: Advancing AI-Driven Initiatives
Advancing AI-Driven Initiatives Embedding AI across servicing, risk, and lending workflows to enhance efficiency, improve decision-making, and elevate client experience AI Knowledge Assistants Voice AI – Client Engagement Fraud Detection & Risk Generative AI enables real-time, Conversational AI voic
Slide 6: Enterprise-Wide Efficiency & Standardization Initiative
Enterprise-Wide Efficiency & Standardization Initiative Driving Sustainable Value for Shareholders “Operational agility and client-centricity are critical to our long-term success…” — Craig Montanaro, President & CEO Automation & Integration Data & Insights Client & Change Management • Automate work
Slide 7: Kearny Financial Corp.
Kearny Financial Corp. A New Jersey-Based Community Bank with a Commercially Focused Growth Agenda Kearny Snapshot1 Branch/Office Footprint NASDAQ: KRNY Founded: 1884 40 branches across 12 counties Assets $7.7 billion - in NJ and the NY metro area. Loans $5.9 billion Deposits $5.7 billion Top 10 NJ
Slide 8: Fourth Quarter 2026 Performance
Fourth Quarter 2026 Performance Core Earnings Momentum Continued Despite Non-Run-Rate Items Financial Metrics Quarter Highlights Underlying Earnings Trends Remained Strong: Reported earnings included approximately $2.6 million of non-recurring Reported items: Net Income: $7.2 million • Discrete tax
Slide 9: Building Earnings Power Through Margin Expansion
Building Earnings Power Through Margin Expansion Net Interest Income & Net Interest Margin Earnings Metrics1 ($ thousands) ($ thousands, except per share data) $0.20 $0.20 $0.19 $0.18 $0.16 2.26% $0.15 $0.15 $0.15 $0.15 2.21% 2.14% $0.11 2.10% $12,580 $12,349 $12,011 $11,386 2.00% $9,941 $9,449 $9,4
Slide 10: The Market Is Beginning to Recognize the Value Proposition
The Market Is Beginning to Recognize the Value Proposition KRNY vs. KRXTR Bank Index Return Comparison1,2 Highlights KRNY vs KRXTR 12 Month Return (%) Outperformance Emerging: KRNY's share price and 70 total return exceeded the regional bank index over 60 the past twelve months. 55.8 Momentum Accele
Slide 11: Granular Deposit Franchise
Granular Deposit Franchise Stable Deposit Base with Relationship Funding Upside Deposit Trend & Composition1 Non-Maturity Deposit Mix2 ($ millions) Deposit Government $5,712 $5,729 $5,710 Composition 16.1% $5,675 $5,632 $582 $578 $627 * $632 $788 * 13.8% Commercial $2,362 $2,335 $2,377 $2,376 38.8%
Slide 12: Retail Deposit Detail
Retail Deposit Detail Retail CD Maturities1 Retail Deposit Segmentation2,3 ($ millions) CD Maturities - Retail & Listing Services (over the next 12 months) 3.32% 3.23% 3.16% 3.11% 2.63% $379 $364 $255 $125 $61 3Q26 4Q26 1Q27 2Q27 3Q27 & Beyond 1 Quarters are based on a calendar year view. 2As of Jun
Slide 13: Diversified Loan Portfolio
Diversified Loan Portfolio Loan Trend Portfolio Remix Is Lifting Loan Yields and Improving ($ millions) Growth Profile $5,815 $5,768 $5,753 $5,781 $5,879 $139 $142 $170 $201 $224 $178 $190 $182 $208 $263 C&I business, construction, and home equity growth are $987 $989 $990 $1,012 $1,019 expanding hi
Slide 14: Opportunity to Drive Margin Expansion
Opportunity to Drive Margin Expansion Multifamily / CRE Loan Repricing Opportunity1 Embedded Repricing Runway Supports Further ($ thousands) Margin Expansion Maturing and repricing multifamily / CRE loans provide a visible runway for yield 6.82% 6.99% 6.88% 6.62% improvement. Implied Repricing oppor
Slide 15: Multifamily Loan Portfolio
Multifamily Loan Portfolio Multifamily Loan Portfolio Composition1 Multifamily Exposure Remains Diversified and Manageable Total multifamily exposure declined to $2.5 billion as the Fully NYC Rent Regulated 1.8% Company continues to remix the loan portfolio. Outside NYC Majority NYC Rent 54.9% Regul
Slide 16: CRE Loan Detail
CRE Loan Detail CRE Exposure Is Diversified by Collateral and Geography CRE Portfolio by Collateral Type1 CRE Loan Geographic Distribution1 Mixed Use 29.1% Other 5.4% Retail Pennsylvania 25.4% New Jersey 4.5% 57.2% Total CRE LTV $1.02B 52.4% Office 13.8% New York (Ex. Brooklyn) Medical 25.4% 3.7% In
Slide 17: Office Portfolio
Office Portfolio Office Loan Geographic Distribution1 Office Portfolio by Contractual Maturity1 ($ millions) Other $54 3.0% New Jersey Manhattan 65.0% 15.5% Total Office $141M $33 LTV 51.0% New York (Excl. Manhattan) $27 DSCR 1.8x 16.5% $17 Office loans represent 13.8% of CRE, or $141 million, with
Slide 18: Track Record of Strong Credit Performance
Track Record of Strong Credit Performance Net Charge-offs to Average Total Loans1 3.00 Global Cumulative charge-offs Financial Hurricane COVID-19 2.50 Sandy for KRNY between 2006 Crisis Pandemic and 2026 were minimal, totaling $42.1 million. 2.00 1.50 1.00 0.50 0.00 2006 2007 2008 2009 2010 2011 201
Slide 19: Conservative Underwriting Culture
Conservative Underwriting Culture Comprehensive CRE / Multifamily Underwriting Multi-faceted Loan Review & Stress Testing Highly disciplined LTV and DSCR standards and policies Semi-annual third-party loan-level stress testing and annual Interest rates stressed at origination capital-based stress te
Slide 20: Asset Quality Metrics
Asset Quality Metrics Non-Performing Loans1 ACL by Loan Segment1 ACL by Loan Segment 0.88% CRE Multi-family $0.4 $36.8 C&I NPL’s $0.5 0.55% $47.9M $4,006 1-4 Family $7.3 $1,872 Home Equity Commercial Consumer $0.1 Construction Loan Balance ACL/Loans $2.8 Net Charge-Offs / Average Loans Non-Performin
Slide 21: Investment Securities
Investment Securities Securities Average Balance & Yield Trend Securities Portfolio Remains Manageable with Limited HTM ($ millions) Mark Exposure 4.00% 4.07% 3.91% 3.82% 3.82% Securities portfolio remains primarily AFS, preserving balance sheet flexibility. Effective duration of approximately 3.9 y
Slide 22: Capital and Liquidity
Capital and Liquidity Regulatory Capital Ratios1,2,3 Capital and Liquidity Provide Flexibility to Execute the Plan 15.27% 14.33% 14.33% Regulatory ratios for both Company and Bank remain well above “well-capitalized” thresholds. 10.00% Tangible equity / tangible assets of 8.62% reinforces balance 9.
Slide 23: Non-GAAP Reconciliation
ed ~ 2 o—_-e ° o Non-GAAP Reconciliation Adjusted net income: Gain on sale of property held for sale - (724) = (532) = Calculation of pre-tax, pre-provision net revenue: Net income (GAAP) s7a72 $10,137 $9,449 $9,506 $6,769 ‘Adjustments to net income (GAAP): Provision for income taxes s3g4t $2,503 $2