Kearny Financial · NASDAQ:KRNY
Kearny Financial — Q3 FY2026 Earnings Presentation
20 slides from Kearny Financial's earnings presentation, Apr 23, 2026
Slide 1: Investor Presentation Third Quarter Fiscal 2026
Apri l 23, 2026 I N V E S T O R P R E S E N T A T I O N T H I R 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 March 31, 2026. 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: $10.02 Market Cap: $488
Slide 4: Third Quarter 2026 Performance
Third Quarter 2026 Performance 1 Non-GAAP Financial Information on page 20. Source: Company Filings. 4 Quarter Highlights Strengthened Earnings Power: Pre-tax, pre-provision net revenue rose 5.5% to $13.0 million, underscoring continued improvement in core earnings. Sustained Margin Expansion: Net i
Slide 5: Sustained Earnings Growth and Margin Expansion
Sustained Earnings Growth and Margin Expansion Net Interest Income & Net Interest Margin 5 Earnings Metrics1 1 See Non-GAAP Financial Information on page 20. Source: Company Filings. ($ thousands) $34,042 $35,843 $37,704 $37,969 $39,236 1.90% 2.00% 2.10% 2.14% 2.21% 3Q25 4Q25 1Q26 2Q26 3Q26 Net Inte
Slide 6: Executing on Our Strategy
Executing on Our Strategy 6 Lab Consulting Initiative Operating leverage | Capacity for growth • Developing production-ready RPAs, eliminating manual rework and expanding scalable operating capacity. Optimize Branch Footprint Lower cost structure | Higher capital productivity • Closed 3 underperform
Slide 7: Granular Deposit Franchise
Granular Deposit Franchise 1 As of March 31, 2026. Source: Company Filings. 7 Non-Maturity Deposit Mix1 ($ millions) 20.1% 13.2% 13.4% 41.5% 11.0% Deposit Composition * Increase from 1Q26 to 2Q26 in non-interest bearing demand deposits was largely the result of the migration of a consumer interest b
Slide 8: Retail Deposit Detail
Retail Deposit Detail 1 Quarters are based on a calendar year view. 2As of March 31, 2026. 3 Excludes brokered and state & local government deposits. Source: Company Filings. 8 Retail CD Maturities1 Retail Deposit Segmentation2,3 ($ millions) $303 $355 $233 $222 $88 3.28% 3.16% 3.34% 3.27% 2.72% 2Q2
Slide 9: Diversified Loan Portfolio
New York 32.1% New Jersey 55.2% Pennsylvania 6.2% Other 6.5% 1-4 Family 30.1% Home Equity 1.1% Multi-family 44.2% CRE 17.5% Construction 3.6% C&I 3.5% Diversified Loan Portfolio Loan Trend 1 As of March 31, 2026. Source: S&P Global Market Intelligence & Company Filings. 9 QTD Yield on Loans 4.58% Ge
Slide 10: Opportunity to Drive Margin Expansion
$189,413 $447,054 $85,569 $234,415 $106,084 $268,946 $69,286 $54,834 3.73% 3.74% 3.95% 3.88% 6.64% 6.84% 6.42% 6.65% Remainder 2026 2027 2028 2029 Maturing Repricing Current Rate Repricing Rate (if repriced 4/1/26) Implied Spread Opportunity to Drive Margin Expansion 10 Multifamily / CRE Loan Repric
Slide 11: Multifamily Loan Portfolio
Multifamily Loan Portfolio Multifamily Loan Portfolio Composition1 1 As of March 31, 2026. Source: Company Filings 11 NYC Multifamily Loan Portfolio by Location Strong Asset Quality: Proven resilience across multiple credit cycles. Diversified Exposure: <50% of Multifamily in NYC; only 5.2% majority
Slide 12: CRE Loan Detail
Retail 26.2% Mixed Use 24.5% Office 13.8% Industrial 19.6% Specialty & Other 12.1% Medical 3.8% New Jersey 57.2% Brooklyn 7.8% New York (Ex. Brooklyn) 25.8% Pennsylvania 4.1% Other 5.1% CRE Loan Detail 1 As of March 31, 2026. Source: Company Filings. 12 Total CRE $1.01B LTV 52.6% CRE Portfolio by Co
Slide 13: Office Portfolio
Manhattan 15.8% New York (Excl. Manhattan) 13.3% New Jersey 67.8% Other 3.1% Office Portfolio 1 As of March 31, 2026. Based on a calendar year view. Source: Company Filings. 13 Office Portfolio by Contractual Maturity1 13.8% of total CRE portfolio or $139.3 million Average loan size of $2.02 million
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 3Q26, including the periods of the Global Financial Crisis and the COVID-19 Pandemic, KRNY maintained an average annual
Slide 15: Conservative Underwriting Culture
15 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 16: Asset Quality Metrics
Multi-family $38.1 CRE $5.7 C&I $0.5 1-4 Family $5.1 Home Equity $0.2 Construction $2.8 0.49% 0.59% 0.84% 0.67% 0.69% 3Q25 4Q25 1Q26 2Q26 3Q26 Asset Quality Metrics Non-Performing Assets / Total Assets 1 As of March 31, 2026; dollar amounts shown in millions. Source: Company Filings. 16 Net Charge-O
Slide 17: Investment Securities
Investment Securities 1 As of March 31, 2026. 2 Comprised entirely of securitized federal education loans with 97% U.S. government guarantees. 3 Assumes 29% marginal tax rate. Source: Company Filings. 17 Securities Composition1 Securities Average Balance & Yield Trend As of March 31, 2026, the after
Slide 18: Capital and Liquidity
Capital and Liquidity 1 Kearny Financial Corp. (NASDAQ: KRNY) Regulatory Capital Ratios as of March 31, 2026 are preliminary. 2 Well capitalized regulatory minimums are determined at Bank level. 3 As of March 31, 2026 Source: Company Filings. 18 HighlightsRegulatory Capital Ratios1,2,3 Equity Capita
Slide 19: Enterprise-Wide Efficiency & Standardization Initiative
Enterprise-Wide Efficiency & Standardization Initiative Driving Sustainable Value for Shareholders 19 Expected Shareholder Impact Reduce operating expenses; increase capacity for revenue-generating activities Increase staff productivity; faster execution and elevated client experience Strengthen com
Slide 20: Non-GAAP Reconciliation
Non-GAAP Reconciliation 20 Reconciliation of GAAP to Non-GAAP (Dollars and Shares in Thousands, Except Per Share Data) March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 Adjusted net income: Net income (GAAP) $10,137 $9,449 $9,506 $6,769 $6,648 Non-recurring transaction