Kearny Financial · NASDAQ:KRNY
Kearny Financial — Q2 FY2026 Earnings Presentation
19 slides from Kearny Financial's earnings presentation, Jan 22, 2026
Slide 1: Investor Presentation Second Quarter Fiscal 2026
January 22, 2026 I N V E S T O R P R E S E N T A T I O N S E C O N D 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: Kearny Snapshot
Kearny Financial Corp. 1 Financial information as of December 31, 2025. Source: S&P Global Market Intelligence & Company Filings. 3 Branch/Office Footprint NASDAQ: KRNY Founded: 1884 Assets $7.6 billion Loans $5.8 billion Deposits $5.7 billion Capital $0.8 billion TBV Per Share: $9.93 Market Cap: $4
Slide 4: Origins
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: Second Quarter 2026 Performance: Quarter Highlights
Second Quarter 2026 Performance 1 GAAP to Adjusted reconciliation on page 19. Source: Company Filings. 5 Quarter Highlights Strengthened Earnings Power: Pre-tax, pre-provision net revenue rose 3.9% to $12.3 million, underscoring continued improvement in core earnings. Expanded Margin: Net interest m
Slide 6: Sustained Earnings Growth and Margin Expansion
Sustained Earnings Growth and Margin Expansion Net Interest Income & Net Interest Margin 6 Earnings Metrics 2 1 See “Non-GAAP Financial Information” for reconciliation on page 19. Source: Company Filings. ($ thousands) $32,612 $34,042 $35,843 $37,704 $37,969 1.82% 1.90% 2.00% 2.10% 2.14% 2Q25 3Q25 4
Slide 7: Granular Deposit Franchise
Granular Deposit Franchise 1 As of December 31, 2025. Source: Company Filings. 7 Non-Maturity Deposit Mix1 ($ millions) 20.7% 13.3% 13.5% 41.6% 11.0%* Deposit Composition $1,214 $1,218 $1,219 $1,208 $1,180 $733 $733 $758 $759 $757 $742 $758 $754 $751 $770 $2,380 $2,411 $2,362 $2,335 $2,377 $602 $587
Slide 8: Retail Deposit Detail
Retail Deposit Detail 1 Quarters are based on a calendar year view. 2As of December 31, 2025. 3 Excludes brokered and state & local government deposits. Source: Company Filings. 8 Retail CD Maturities1 Retail Deposit Segmentation2,3 ($ millions) $532 $256 $172 $132 $89 3.66% 3.11% 3.28% 3.12% 2.49%
Slide 9: Diversified Loan Portfolio
1-4 Family 30.1% Home Equity 1.0% Multi-family 45.5% CRE 17.2% Construction 3.2% C&I 3.0% Diversified Loan Portfolio Loan Trend 1 As of December 31, 2025. Source: S&P Global Market Intelligence & Company Filings. 9 QTD Yield on Loans 4.67% New York 32.8% New Jersey 55.5% Pennsylvania 6.2% Other 5.4%
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 has the potential to generate material cumulative annual interest
Slide 11: Multifamily Loan Portfolio
Majority NYC Free Market 40.0% Outside NYC 54.8% Fully NYC Rent Regulated 1.8% Majority NYC Rent Regulated 3.4% Multifamily Loan Portfolio Multifamily Loan Portfolio Composition1 Source: Company Filings 1 As of December 31, 2025. 11 NYC Multifamily Loan Portfolio by Location Strong Asset Quality: Pr
Slide 12: CRE Loan Detail
CRE Loan Detail Source: Company Filings. 1 As of December 31, 2025. 12 Retail 27.0% Mixed Use 25.3% Office 13.5% Industrial 18.4% Specialty & Other 11.9% Medical 4.0% Total CRE $990M New Jersey 56.6% Brooklyn 8.0% New York (Ex. Brooklyn) 26.3% Pennsylvania 4.2% Other 4.9% LTV 52.5% CRE Portfolio by
Slide 13: Office Portfolio
Manhattan 19.9% New York (Excl. Manhattan) 14.0% New Jersey 57.1% Other 9.0% Office Portfolio 1 As of December 31, 2025. Source: Company Filings. 13 Office Portfolio by Contractual Maturity1 13.5% of total CRE portfolio or $134 million Average loan size of $1.9 million ($ millions) Office Loan Geogr
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 2Q26, including the periods of the Global Financial Crisis and the COVID-19 Pandemic, KRNY maintained an average annual
Slide 15: Asset Quality Metrics
0.49% 0.49% 0.59% 0.84% 0.67% 2Q25 3Q25 4Q25 1Q26 2Q26 Asset Quality Metrics Non-Performing Assets / Total Assets 1 As of December 31, 2025; dollar amounts shown in millions. Source: Company Filings. 15 Net Charge-Offs / Average Loans Non-Performing Loans1 Allowance for Credit Losses ACL by Loan Seg
Slide 16: Investment Securities
Investment Securities 1 As of December 31, 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 December 31, 2025, the
Slide 17: Capital and Liquidity
Capital and Liquidity 1 Kearny Financial Corp. (NASDAQ: KRNY) Regulatory Capital Ratios as of December 31, 2025 are preliminary. 2 Well capitalized regulatory minimums are determined at Bank level. 3 As of December 31, 2025 Source: Company Filings. 17 HighlightsRegulatory Capital Ratios1,2,3 Equity
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) December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 Adjusted net income: Net income (GAAP) $9,449 $9,506 $6,769 $6,648 $6,566 Non-recurring transacti