Kearny Financial · NASDAQ:KRNY
Kearny Financial — Q2 FY2024 Earnings Presentation
12 slides from Kearny Financial's earnings presentation, Jan 31, 2024
Slide 1: Investor Presentation Second Quarter Fiscal 2024
JANUARY 31, 2024 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 4 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 Financial Corp.
Kearny Financial Corp. NASDAQ: KRNY Market Cap: $531.7 million1 Founded in 1884 Top 10 New Jersey-based financial institution by assets 43 full-service branches2 in 12 counties throughout New Jersey and New York City Active acquirer, having completed 7 whole-bank acquisitions since 1999 1 As of Janu
Slide 4: Years of Serving our Communities and Clients
140 Years of Serving our Communities and Clients 4
Slide 5: 2Q24 Financial Highlights
2Q24 Financial Highlights 1 Excludes Yield Adjustments. Source: Company Filings. 5 Strategic Actions Taken During the Quarter: Investment Securities Repositioning - Sold $122.2 million of available-for-sale debt securities. Proceeds were used to retire higher-cost wholesale funding and to reinvest i
Slide 6: Equity & Capitalization
Equity & Capitalization Equity Capitalization Level 1 Kearny Financial Corp. (NASDAQ: KRNY) Regulatory Capital Ratios as of December 31, 2023 are preliminary. 2 S&P U.S. Small Cap Banks Index comprised of 246 constituents, based on September 30, 2023 results. Source: Company Filings. 6 Regulatory Ca
Slide 7: Deposits
Deposits 1 For the quarter ended December 31, 2023. 2 As of December 31, 2023; excludes Wholesale and state & local government deposits. Source: S&P Global Market Intelligence & Company Filings. 7 Deposit Composition1 Deposit Trend Deposit Segmentation2 Consumer 60.9% Commercial 20.7% Government 18.
Slide 8: Liquidity
Liquidity Available for Uninsured Deposits Estimated Uninsured Deposits Analysis2 1 Estimated amount of uninsured deposits reported in December 31, 2023 Call Report. 2 As of December 31, 2023. 8 Available liquidity is 2.6x greater than estimated uninsured deposits (excluding items above) Liquidity C
Slide 9: Investment Securities
Investment Securities 1 As of December 31, 2023. 2 Comprised entirely of securitized federal education loans with 97% U.S. government guarantees. 3 Assumes 29% marginal tax rate. Source: S&P Global Market Intelligence & Company Filings. 9 2 Securities Composition1 Securities Average Balance & Yield
Slide 10: Portfolio Lending
Portfolio Lending Loan Composition1 Geographic Distribution2Loan Trend 1 For the quarter ended December 31, 2023. 2 As of December 31, 2023. Source: S&P Global Market Intelligence & Company Filings. 10 ($ millions) New York (Ex. Brooklyn) 16.8% Brooklyn 17.6% New Jersey 55.2% Pennsylvania 5.7% Other
Slide 11: CRE Lending
CRE Lending 1 As of December 31, 2023. Source: Company Filings. 11 CRE Portfolio by Collateral Type1 CRE Loan Geographic Distribution1 Total CRE $0.9 B New Jersey 56.1% Brooklyn 9.9% New York (Ex. Brooklyn) 27.6% Pennsylvania 3.8% Other 2.6%Retail 36.6% Mixed Use 27.1% Office 15.8% Industrial 14.8%
Slide 12: Asset Quality
Asset Quality Net Charge-Offs / Average Loans Non-Performing Assets / Total Assets Non-Performing Loans1 Allowance for Credit Losses 1 As of December 31, 2023; amounts shown in millions. Source: S&P Global Market Intelligence & Company Filings. 12 0.03% 0.01% 0.01% 0.15% 0.29% -0.05% 0.05% 0.15% 0.2