Kearny Financial · NASDAQ:KRNY
Kearny Financial — Q1 2027 Earnings Presentation
21 slides from Kearny Financial's earnings presentation, Oct 22, 2026
Slide 1: Community rooted. Commercially focused.
PEOPLE BUSINESS COMMUNITY OPPORTUNITY Community rooted. Commercially focused. QUARTERLY INVESTOR PRESENTATION 1ST Quarter Fiscal 2027 October 22, 2026 KEARNY FINANCIAL CORP | INVESTOR RELATIONS KEARNY FINANCIAL CORP. | NASDAQ: KRNY
Slide 2: Forward Looking Statements & Non-GAAP Financial Measures
Forward Looking Statements & Non-GAAP Financial Measures This presentation includes 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 for
Slide 3: KRNY Investment Thesis
KRNY Investment Thesis A Repositioned Franchise with a Clear Path to Higher Returns 1 2 3 4 5 Relationship Deposit Earnings Capital Shareholder Banking Growth Power Strength Returns Commercial focus Experienced Loan repricing, Strong capital and An attractive deepens primary commercial and portfolio
Slide 4: KRNY at a Glance
KRNY at a Glance1 A Strong Community Banking Foundation with a Growing Commercial Focus NEW JERSEY & NY METRO KRNY 1884 40 branches NASDAQ Founded across 12 counties - in NJ and the NY metro area. $7.8B $6.0B Assets Loans $5.8B $9.88 Deposits TBV per Share Top 10 NJ Financial Institution - by $0.8B
Slide 5: First Quarter 2027 Performance
First Quarter 2027 Performance Stronger Earnings, Positive Operating Leverage, and Expanding Commercial Capabilities $10.0M $0.16 2.23% Net Income Diluted EPS Net Interest Margin $40.1M Net Interest Income 4.80% Dividend Yield 13.98% CET1 Ratio QUARTER HIGHLIGHTS 01 Earnings Momentum Accelerated Net
Slide 6: Building Earnings Power Through Margin Expansion
Building Earnings Power Through Margin Expansion Margin Expansion and Positive Operating Leverage Are Translating Into Stronger Core Earnings Net Interest Income & Net Interest Margin Earnings Metrics1 ($ thousands, except per share data) ($ thousands) $0.21 $0.20 $0.20 $0.19 2.26% $0.18 * 2.23% 2.2
Slide 7: Opportunity to Drive Margin Expansion
Opportunity to Drive Margin Expansion Embedded Repricing Provides a Visible Runway for Continued Yield Improvement ($ millions) 7.57% 7.56% 7.23% 7.33% Implied Spread 3.99% 3.80% 4.16% 3.91% $722M 2027 Maturing + Repricing $275.0 $54.0 $446.7 $67.6 $21.7 $229.9 $57.8 $101.8 Remainder 2026 2027 2028
Slide 8: Executing on Our Strategy
Executing on Our Strategy Execution Is Translating Strategy Into Improved Earnings Power Grow Core Deposits Better funding mix | Lower funding costs 01 New commercial and specialty teams accelerate relationship-based deposit growth. FINANCIAL OUTCOMES Improve Asset Mix Higher yields | Relationship f
Slide 9: Growing and Diversifying the Deposit Franchise
Growing and Diversifying the Deposit Franchise ($ millions) Deposit Growth Is Funding Balance Sheet Expansion1,2 $5,833 $5,712 $5,729 $5,710 $5,632 $578 $627 $632 $788 $790 +$123.9M Quarter-over-Quarter Deposit Growth 2.2% linked quarter | 8.7% annualized $2,335 $2,377 $2,376 $2,214 $2,359 $5.83B To
Slide 10: Retail Deposit Detail
Retail Deposit Detail Retail Funding Provides a Stable Base with Clear Repricing Visibility ($ millions) CD Maturities - Retail & Listing Service RETAIL FRANCHISE SNAPSHOT 2,3 (over the next 12 months)1 Avg. # of Product Balance Balance Accounts per Account Checking 49,214 $2.44B $49,665 3.25% 3.20%
Slide 11: Diversified Loan Portfolio
Diversified Loan Portfolio Disciplined Growth and Portfolio Remix Are Shifting the Balance Sheet ($ millions) $5,878 $5,985 $5,768 $5,754 $5,781 $224 $231 $142 $170 +$106.8M $201 $190 $182 $263 $303 $208 $989 $990 $1,012 $1,019 $1,049 Quarter-over-Quarter Loan Growth1 1.8% linked quarter | 7.3% annu
Slide 12: Multifamily Loan Portfolio
Multifamily Loan Portfolio Multifamily Exposure Reduced $415M (15%) From Peak PORTFOLIO COMPOSITION1 NYC MULTIFAMILY RISK SNAPSHOT $2.4B Total Multifamily $1.2B 60.5% NYC Multifamily Portfolio Weighted Average LTV Outside NYC 56.2% Majority NYC Free Market 38.3% Fully NYC Rent-Regulated 1.9% 1.64% $
Slide 13: CRE Loan Portfolio
CRE Loan Portfolio CRE Exposure Is Diversified Across Collateral Types and Geographic Markets $1.05B 53.5% Total CRE LTV Collateral Mix1 Geographic Mix1 Mixed 27.1% New Jersey 57.1% Use Retail 24.2% New York (Ex. 25.4% Brooklyn) Specialty 18.8% & Other Brooklyn 7.2% Office 14.2% Other 5.5% Industria
Slide 14: Office Portfolio
Office Portfolio Conservative Leverage, Strong Debt Service Coverage and a Diversified Maturity Profile $149M 53.1% 1.7x Total Office Exposure DSCR LTV Contractual Maturity Profile1 OFFICE LOAN GEOGRAPHIC DISTRIBUTION1 ($ millions) $63 New Jersey 66.9% $33 NY ex. Manhattan 15.6% $27 Manhattan 14.6%
Slide 15: Track Record of Strong Credit Performance
Track Record of Strong Credit Performance Net Charge-offs to Average Total Loans1 3.00 Global Hurricane COVID-19 Financial Sandy Pandemic Crisis 2.50 2.00 1.50 1.00 0.50 0.00 Commercial Banks (not among top 100) KRNY 1 Data provided by Federal Reserve Bank of St. Louis. 1 Data provided by Federal Re
Slide 16: Conservative Underwriting Culture
Conservative Underwriting Culture A Disciplined Credit Lifecycle Supports Consistent Underwriting and Proactive Risk Management 01 02 03 04 UNDERWRITE APPROVE MONITOR ACT Independent Review & Proactive Problem-Credit Conservative at Origination Consistent Governance Stress Testing Management Authori
Slide 17: Asset Quality Metrics
Asset Quality Metrics Low Charge-Offs and Stable Reserve Coverage Reflect Superior Credit Culture $51.2M 0.73% 0.77% Non-Performing Loans NPAs / Total Assets ACL / Loans 0.88% Commercial | 0.55% Consumer Net Charge-Offs / Average Loans1 Non-Performing Assets / Total Assets1 1.50% 0.07% * 1.00% 0.84%
Slide 18: Investment Securities
Investment Securities Primarily AFS Positioning Preserves Balance Sheet Flexibility $1.18B 3.91% 89.9% ~26% Average Securities Yield on Investments Available for Sale Floating Rate Portfolio Five Quarter Average Balance & Yield Trend1 Portfolio Composition1 ($ millions) 4.07% 3.91% 3.82% 3.82% 3.91%
Slide 19: Capital and Liquidity
Capital and Liquidity Capital and Liquidity Provide Resilience and Flexibility1,2,3 9.39% 13.98% 13.98% 14.91% Tier 1 Leverage CET1 Tier 1 Risk-Based Total Risk-Based 5% Well Capitalized 6.5% Well Capitalized 8% Well Capitalized 10% Well Capitalized Regulatory Minimum Regulatory Minimum Regulatory M
Slide 20: KRNY Has Significantly Outperformed the Index
KRNY Has Significantly Outperformed the Index 47.4% 13.1% +34.3 pts KRNY Total Return KRXTR Total Return Relative Outperformance September 2025 to September 2026 KRXTR over the same period KRNY less KRXTR KRNY vs KRXTR Bank Index 12 Month Return Comparison (%)1,2 70 50 KRNY 47.4% 30 10 Index 13.1% -
Slide 21: Non-GAAP Reconciliation
Non-GAAP Reconciliation of GAAP to Non-GAAP For the quarter ended (Dollars and Shares in Thousands, September 30, June 30, March 31, December 31, September 30, Except Per Share Data) 2026 2026 2026 2025 2025 Reconciliation Adjusted net income: Net income (GAAP) $10,044 $7,172 $10,137 $9,449 $9,506 N