Kearny Financial · NASDAQ:KRNY
Kearny Financial — Q1 FY2026 Earnings Presentation
19 slides from Kearny Financial's earnings presentation, Oct 23, 2025
Slide 1: Investor Presentation First Quarter Fiscal 2026
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
Slide 2: Forward Looking Statements & Financial Measures
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
Slide 3: Company Profile
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
Slide 4: 140+ Years of Growth and Community Impact
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 — Pul
Slide 5: First Quarter 2026 Performance: Quarter Highlights
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 ($0.15/share). Margin Expansion: Net interest margin increased 10
Slide 6: Sustained Earnings Growth and Margin Expansion
Sustained Earnings Growth and Margin Expansion Net Interest Income & Net Interest Margin 6 Earnings Metrics 2 1 See “Non-GAAP Financial Information” for reconciliation on page 19. Source: Company Filings. ($ thousands) $6,092 $6,566 $6,648 $6,769 $9,506 $7,286 $7,924 $8,214 $9,941 $11,885 $0.10 $0.1
Slide 7: Granular Deposit Franchise
Granular Deposit Franchise 1 As of September 30, 2025. Source: Company Filings. 7 Non-Maturity Deposit Mix1 ($ 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 $
Slide 8: Retail Deposit Detail
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 Ba
Slide 9: Diversified Loan Portfolio
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%
Slide 10: Opportunity to Drive Margin Expansion
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, ass
Slide 11: Multifamily Loan Portfolio
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% majori
Slide 12: CRE Loan Detail
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
Slide 13: Office Portfolio
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
Slide 14: Track Record of Strong Credit Performance
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
Slide 15: Asset Quality Metrics
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 3Q
Slide 16: Investment Securities
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, t
Slide 17: Capital and Liquidity
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%
Slide 18: Conservative Underwriting Culture
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 in
Slide 19: Non-GAAP Reconciliation
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 transact