Kearny Financial · NASDAQ:KRNY
Kearny Financial — Investor Presentation (October 2013)
17 slides from Kearny Financial's investor presentation, Oct 31, 2013
Slide 1: 2013 Investor Presentation
y= KEARNY FINANCIAL CORP. i Hl 2013 Investor Presentation
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation may include certain “forward looking statements.” which are made in good faith by Kearny Financial Corp. (the “Compa: :") pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. ‘These forward looking statements i
Slide 3: Overview
Overview Mission statement Kearny is committed to meeting the financial needs of the individuals, businesses, and communities we serve throughout Northern and Central New Jersey. By providing a superior level of service, we hope to earn long- term loyalty and become a financial partner for many year
Slide 4: Company Overview
Company Overview + Founded in 1884 + 4 Largest publicly traded mutual holding company in the country + 7 Largest Financial Institution Headquartered in New Jersey + Market capitalization ($710 million) ($ Millions) Assets $3,145 Net Loans $1,350 Deposits $2.371 Equity $468 Tang. Common Equity/Tang.
Slide 5: Background
Kearny Financial Corp. Background Who we were prior to stock issuance + Conservative savings bank + Seasoned acquirer and integrator * Solid financial condition = Conservative and well-capitalized balance sheet ¥€* KEARNY FINANCIAL CORP.
Slide 6: Background
Kearny Financial Corp. Background Who we are today Progressive community bank Seasoned acquirer and integrator Stable financial condition Well-capitalized balance sheet ¥€* KEARNY FINANCIAL CORP.
Slide 7: Background
Kearny Financial Corp. Background Growth through strategic mergers & acquisitions 1* Bergen Bancorp 3/31/1999 300,755 Pulaski Bancorp, Inc. MHC 10/18/2002 Thrift 237,596 6 West Essex Bancorp 7/1/2003 Thrift 390,333 8 Central Jersey Bancorp 11/30/2010 Bank 571,295 13 + Acquire niche talent + Expand g
Slide 8: Deposit Franchise
Deposit Franchise Kearny has a meaningful deposit franchise in Northern & Central New Jersey + Tlargest New Jersey based deposit franchise + $58.0 million in average deposits per branch + 41 branch locations across 9 counties throughout Northern and Central New Jersey + $2.97 billion in deposits as
Slide 9: Deposit Market Demographics
Deposit Market Demographics ..with the ability to attract customers from across Northern & Central New Jersey Kearny MHC - Deposit Market Share by County Projected HH Deposits Income Change ($M) 9 794.9 Monmouth 13 464.5 Hudson 2 453.4 Ocean 6 185.1 Morris 3 1413 5.94 98.113 Essex 3 138.1 5.81 30.87
Slide 10: Deposit composition and strategies
Kearny Financial Corp. Deposit composition and strategies Deposits - June 30, 2007 Jumbo Time Depots Retail Time MMDA & BI i Internal Strategies Deposits - June 30, 2013 Demand Now cy 15% Jumbo Time. Depoats | 10% IMMDA & Savings oust Time. 0 Deponits Ea + Cultural transformation continued in 2018 +
Slide 11: Composition of loan portfolio
Kearny Financial Corp. Composition of loan portfolio 1-4 Family 64.5% 66.9% 65.9% 65.5% 48.2% CRE & Multifamily 18.4% 17.4% 18.9% 20.0% 30.3% c&D 1.3% 1.2% 1.3% 1.5% 1.7% Consumer 12.7% 10.7% 10.5% 10.8% 8.7% c&l 0.5% 0.8% 14% 1.4% 8.3% Other 2.6% 3.0% 2.0% 0.8% 2.9% Last twelve month net loan growt
Slide 12: Organic loan growth strategies
Kearny Financial Corp. Organic loan growth strategies + Expand upon expertise in commercial real estate, multifamily, and SBA lending + Continue to hire additional commercial lending personnel to improve market share + Business development officers continue to work collaboratively with the retail br
Slide 13: Meaningful strides in lending
Kearny Financial Corp. Meaningful strides in lending KEARNY es FINANCIAL CORP.
Slide 14: NPA/Assets trend
Kearny Financial Corp. NPA/Assets trend NPAs / Assets Industry Comparison: NPAs / Assets 135 130 135 120 118 110 1.05 10 0.85 0.60 3.00% am = - ‘i oe - r = e = ~~ |] on | om ps Jun 2012 Sep2012Dee2012 Mar2019. Jun 2018, AIMHC _NewJersey Nationwide Publicly Traded Publicly Traded Asset quality contin
Slide 15: Summary income statement
Kearny Financial Corp. Summary income statement Net Interest Income $70,180 $66,257 Provision for Loan Losses 5,750 4464 Loss on sale and write down of REO 3,330 778 Non-Interest Income 5,475 16,338* Non-Interest Expense 58,721 69,425 Restructuring Charge - 8,688* Income Tax Expense 2,776 2,250 Net
Slide 16: Repurchase activity
Kearny Financial Corp. Repurchase activity + Repurchase summary + Kearny has authorized 7 separate repurchase plans retiring 6.3 million shares since 2005 IPO, or 8.7% of the outstanding shares and 29% of the minority shares = Over the past 3 months, we have repurchased 120,000 shares at a total cos
Slide 17: Strategic focus - 2014
Kearny Financial Corp. Strategie focus - 2014 + Attract and develop stronger customer relationships with a strategic focus on small and middle market businesses + Enhance current product offerings and business services utilizing the Bank's new technology platforms + Focus on tactical cost controls w
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