Kearny Financial · NASDAQ:KRNY
Kearny Financial — FY2022 Earnings Presentation
13 slides from Kearny Financial's earnings presentation, Jul 28, 2022
Slide 1: Investor Presentation Fiscal Year Ended June 30, 2022
Investor Presentation Fiscal Year Ended June 30, 2022 Exhibit 99.2
Slide 2: Forward-Looking Statements
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 uncer
Slide 3: Company Overview
NASDAQ: KRNY Market Cap: $791.7 million1 Founded in 1884 Top 10 New Jersey-based financial institution by assets 45 full-service branches2 in 12 counties throughout northern and central New Jersey and New York City Active acquirer, having completed 7 whole-bank acquisitions since 1999 1 As of July 2
Slide 4: Financial Highlights
Financial Highlights Source: Company Filings 1 Non-interest expense divided by the sum of net interest income and non-interest income. Balance Sheet 2022FY 2021FY ($ in billions) Total Assets $7.72 $7.28 Total Loans $5.42 $4.85 Total Deposits $5.86 $5.49 Profitability and Performance Ratios 2022FY 2
Slide 5: Equity & Capitalization
Equity & Capitalization Equity Capitalization Level Regulatory Capital Ratios1,2 Regulatory Capital Ratios based on June 30, 2022 results. S&P U.S. Small Cap Banks Index comprised of 280 constituents, based on March 31, 2022 results. Source: Company Filings Normalizing capital ratios which continue
Slide 6: Capital Management
Capital Management Cumulative Capital Returned to Stockholders1 Source: Company Filings 1 Since conclusion of second step conversion in May 2015. Repurchased 10.2 million shares during Fiscal 2022 at an average price of $12.67 per share $327 $36 $291 $502 $69 $433 $596 $94 $502 $743 $122 $621 $903 $
Slide 7: Earnings Performance
Earnings Performance Net Income & Return on Assets1 Earnings per Share1 1 Although management believes core net income, EPS and ROAA, which are non-GAAP measures, are useful to investors by providing a greater level of understanding of its business, they should not be considered a substitute for fin
Slide 8: Deposits
1 As of and for the quarter ended June 30, 2022 Source: S&P Global Market Intelligence & Company Filings Deposits Deposit Composition1 Deposit Growth ($ millions) Consolidated 25% of branches over a three-year period Core non-maturity deposits grew 10% from Fiscal 2021 13.2% 11.2% 19.0% 38.6% 18.0%
Slide 9: Portfolio Lending
Portfolio Lending Loan Composition1 Geographic Distribution2 1 As of and for the quarter ended June 30, 2022 2 As of June 30, 2022 Source: S&P Global Market Intelligence & Company Filings Loan-to-Value by Real Estate Secured Segment2 Strategy designed to grow and diversify the loan portfolio with a
Slide 10: Asset Quality
Asset Quality Net Charge-Offs / Average Loans Non-Performing Assets / Total Assets 1 As of June 30, 2022; amounts shown in millions 2 The Company adopted CECL methodology effective FY 2021 Q1 Source: S&P Global Market Intelligence & Company Filings Non-Performing Loans1 Allowance for Credit Losses o
Slide 11: M&A History and Strategy
M&A History and Strategy Experienced acquirer and integrator, having successfully completed 7 whole-bank acquisitions over the past two decades Opportunistic acquisition strategy with an emphasis on: Low premium deals Similar or complementary business models Expansion in existing or contiguous marke
Slide 12: Technology Roadmap
Technology Roadmap Omni-channel sales and service model Traditional in-branch products available online and via mobile channels Adoption of Glia, a next-generation digital client service solution Partnered with Q2 Holdings to provide best-in-breed digital and mobile banking front-end solutions Strea
Slide 13: Non-GAAP Reconciliation
Non-GAAP Reconciliation Appendix A: Reconciliation of GAAP to Non-GAAP For the year ended For the year ended For the year ended For the year ended For the year ended (Dollars in Thousands, June 30, June 30, June 30, June 30, June 30, Except Per Share Data) 2022 2021 2020 2019 2018 Adjusted net incom