Exhibit 99.1
FOR IMMEDIATE RELEASE
October 22, 2026
For further information contact:
Sean Byrnes, Executive Vice President and Chief Financial Officer
Kearny Financial Corp.
(973) 244-4500
KEARNY FINANCIAL CORP. ANNOUNCES FIRST QUARTER FISCAL 2027 RESULTS
AND DECLARATION OF CASH DIVIDEND

Fairfield, N.J., October 22, 2026 – Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported net income for the quarter ended September 30, 2026 of $10.0 million, or $0.16 per diluted share, compared to $7.2 million, or $0.11 per diluted share, for the quarter ended June 30, 2026.

The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.11 per share, payable on November 18, 2026, to stockholders of record as of November 4, 2026.

Craig L. Montanaro, President and Chief Executive Officer, commented, “We are pleased to report continued progress this quarter, reflecting ongoing execution of our strategic plan, solid loan and deposit growth, and disciplined expense management. While our net interest margin reflected the impact of lower prepayment-related income and the repricing of our final remaining COVID-era wholesale funding position, our underlying margin drivers remain intact. Ongoing loan repricing and balance sheet remixing are expected to support further margin expansion in the quarters ahead.”
Mr. Montanaro continued, “Our strategic transformation continues to gain momentum as we deepen commercial client relationships, expand relationship-based deposit growth, and further reposition the balance sheet toward higher-yielding commercial and construction lending opportunities. During the quarter, we expanded our deposit-gathering capabilities with the launch of a dedicated Nonprofit and Independent Education Banking team. This initiative broadens access to attractive relationship-based funding sources and further diversifies our deposit franchise.”

First Quarter Highlights
•Net income increased 40.0% to $10.0 million, or $0.16 per diluted share.
•Pre-tax, pre-provision net revenue (non-GAAP) increased 14.0% to $13.5 million, or $0.21 per diluted share, reflecting ongoing strengthening of core earnings.
•Continued the strategic remixing of the loan portfolio, growing total loans by 7.2% on an annualized basis, while reducing multifamily mortgage exposure.
•Total deposits grew by 8.7% on an annualized basis, reflecting continued momentum across the Bank's commercial deposit initiatives and supporting loan growth and balance sheet optimization.
•Launched a Nonprofit and Independent Education Banking team led by a seasoned industry professional with extensive experience serving mission-driven organizations through specialized banking solutions, further strengthening the Bank's commercial banking capabilities.
Balance Sheet
•Total assets were $7.78 billion at September 30, 2026, an increase of $95.7 million, or 1.2%, from June 30, 2026.
•Investment securities totaled $1.04 billion at September 30, 2026, a decrease of $35.0 million, or 3.3%, from June 30, 2026.
•Loans receivable totaled $5.98 billion at September 30, 2026, an increase of $105.1 million, or 1.8%, from June 30, 2026.
•Deposits were $5.83 billion at September 30, 2026, an increase of $123.9 million, or 2.2%, from June 30, 2026, primarily driven by growth in interest-bearing demand deposits.
•Borrowings were $1.14 billion at September 30, 2026, a decrease of $15.0 million, or 1.3%, from June 30, 2026, reflecting reductions in overnight borrowings, partially offset by an increase in Federal Home Loan Bank (“FHLB”) advances.
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•At September 30, 2026, the Company maintained available secured borrowing capacity with the FHLB and the Federal Reserve Discount Window of $2.21 billion, representing 28.5% of total assets.
Earnings
Net Interest Income and Net Interest Margin
•Average loan yields increased 10 basis points and average loan balances grew for the quarter ended September 30, 2026, contributing to an increase of $2.2 million, or 2.7%, in total interest income. Net interest margin was 2.23% for the quarter ended September 30, 2026, a decrease of three basis points from the prior quarter, as the benefit from higher asset yields was offset by the repricing of the Company’s final remaining COVID-era wholesale funding position and declines in purchase accounting accretion and loan prepayment penalty income, as described in further detail below.
•For the quarter ended September 30, 2026, net interest income decreased $294,000 to $40.1 million from $40.4 million for the quarter ended June 30, 2026. Included in net interest income for the quarters ended September 30, 2026 and June 30, 2026, respectively, was purchase accounting accretion of $396,000 and $537,000, and loan prepayment penalty income of $336,000 and $622,000. Excluding loan prepayment penalty income and purchase accounting accretion, net interest income increased $132,000 from the prior period.
Non-Interest Income
•For the quarter ended September 30, 2026, non-interest income decreased $110,000, or 2.1%, to $5.2 million from $5.3 million for the quarter ended June 30, 2026, primarily due to a non-recurring write-down of $122,000 on one other real estate owned property resulting from an updated appraisal. The remaining changes in non-interest income reflected normal operating fluctuations within those line items.
Non-Interest Expense
•For the quarter ended September 30, 2026, non-interest expense decreased $2.1 million, or 6.1%, to $31.8 million from $33.9 million for the quarter ended June 30, 2026, primarily driven by decreases in salary and benefits, advertising, equipment and systems, and other expense.
•Salary and benefits expense decreased $883,000 to $19.4 million for the quarter ended September 30, 2026 from $20.3 million for the quarter ended June 30, 2026, primarily driven by the absence of a $745,000 non-recurring severance charge recorded in the prior period and a $193,000 non-recurring decrease in stock-based compensation recorded in the current period. Excluding these items, salary and benefits expense remained relatively unchanged at $19.6 million for both periods.
•Advertising and marketing expense decreased $365,000 to $381,000 for the quarter ended September 30, 2026 from $746,000 for the quarter ended June 30, 2026, primarily driven by lower advertising expenses across various formats.
•Equipment and systems expense decreased $126,000 to $3.7 million for the quarter ended September 30, 2026 from $3.9 million for the quarter ended June 30, 2026, primarily driven by lower third-party core processing service fees.
•Other expense decreased $705,000 to $3.7 million for the quarter ended September 30, 2026 from $4.4 million for the quarter ended June 30, 2026, primarily driven by lower professional fees, provision for credit losses on unfunded commitments, and other real estate owned expenses. Changes in the other components of non-interest expense between comparative periods reflected normal operating fluctuations within those line items.
Income Taxes
•Income tax expense totaled $2.6 million for the quarter ended September 30, 2026 compared to $3.8 million for the quarter ended June 30, 2026, resulting in an effective tax rate of 20.7% and 34.9%, respectively. Income tax expense in the prior period included a $1.6 million valuation allowance against a deferred tax asset related to certain legacy stock-based compensation awards.
2

Asset Quality
•The balance of non-performing assets increased $3.2 million to $56.6 million, or 0.73% of total assets, at September 30, 2026 from $53.4 million, or 0.70% of total assets, at June 30, 2026.
•Net charge-offs totaled $277,000, or 0.02% of average loans, on an annualized basis, for the quarter ended September 30, 2026, compared to $49,000, or less than 0.01% of average loans, on an annualized basis, for the quarter ended June 30, 2026.
•For the quarter ended September 30, 2026, the Company recorded a provision for credit losses of $830,000, compared to $822,000 for the quarter ended June 30, 2026. The provision for credit loss expense for the quarter ended September 30, 2026 was primarily driven by loan growth.
•Allowance for credit losses (“ACL”) was $46.0 million, or 0.77% of total loans, at September 30, 2026, an increase of $553,000 from $45.5 million, or 0.77% of total loans, at June 30, 2026. The increase in the ACL from June 30, 2026 was primarily driven by a provision for credit losses, partially offset by loan charge-offs, as noted above.
Capital
•For the quarter ended September 30, 2026, book value per share decreased $0.20, or 1.7%, to $11.64 and tangible book value per share (non-GAAP) decreased $0.19, or 1.9%, to $9.88, primarily reflecting changes in the fair value of available-for-sale securities resulting from market interest rate movements during the quarter.
•At September 30, 2026, total stockholders’ equity included after-tax net unrealized losses on securities available for sale of $90.6 million, partially offset by after-tax unrealized gains on derivatives of $13.1 million. After-tax net unrecognized losses on securities held to maturity of $11.6 million were not reflected in total stockholders’ equity.
•At September 30, 2026, the Company’s tangible equity to tangible assets ratio (non-GAAP) equaled 8.37%. Additionally, the regulatory capital ratios of both the Company and the Bank continued to be in excess of all applicable regulatory requirements as of September 30, 2026.

This earnings release should be read in conjunction with Kearny Financial Corp.’s Q1 2027 Investor Presentation, a copy of which is available through the Investor Relations link located at the bottom of the page of our website at www.kearnybank.com and via a Current Report on Form 8-K on the website of the Securities and Exchange Commission at www.sec.gov.
Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, factors discussed in documents filed by the Company with the Securities and Exchange Commission from time to time. The Company does not undertake and specifically disclaims any obligation to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company.
Category: Earnings
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Linked-Quarter Comparative Financial Analysis
Kearny Financial Corp.
Consolidated Balance Sheets
(Unaudited)
(Dollars and Shares in Thousands,
Except Per Share Data)		September 30,
2026		June 30,
2026		Variance
or Change		Variance
or Change Pct.
Assets
Cash and cash equivalents$115,829 $114,823 $1,006 0.9 %
Securities available for sale931,965 964,369 (32,404)-3.4 %
Securities held to maturity104,228 106,814 (2,586)-2.4 %
Loans held-for-sale4,786 6,022 (1,236)-20.5 %
Loans receivable5,980,398 5,875,325 105,073 1.8 %
Less: allowance for credit losses on loans(46,049)(45,496)553 1.2 %
Net loans receivable5,934,349 5,829,829 104,520 1.8 %
Premises and equipment42,112 42,359 (247)-0.6 %
Federal Home Loan Bank stock59,176 59,726 (550)-0.9 %
Accrued interest receivable31,328 27,875 3,453 12.4 %
Goodwill113,525 113,525 — — %
Core deposit intangible857 968 (111)-11.5 %
Bank owned life insurance317,512 314,756 2,756 0.9 %
Deferred income taxes, net52,953 48,699 4,254 8.7 %
Other real estate owned5,397 5,519 (122)-2.2 %
Other assets63,885 46,921 16,964 36.2 %
Total assets $7,777,902 $7,682,205 $95,697 1.2 %
Liabilities
Deposits:
Non-interest-bearing $790,227 $788,015 $2,212 0.3 %
Interest-bearing5,043,269 4,921,610 121,659 2.5 %
Total deposits5,833,496 5,709,625 123,871 2.2 %
Borrowings1,135,000 1,150,000 (15,000)-1.3 %
Advance payments by borrowers for taxes18,640 18,562 78 0.4 %
Other liabilities34,861 37,348 (2,487)-6.7 %
Total liabilities7,021,997 6,915,535 106,462 1.5 %
Stockholders' Equity
Common stock649 648 1 0.2 %
Paid-in capital495,513 495,953 (440)-0.1 %
Retained earnings353,055 350,046 3,009 0.9 %
Unearned ESOP shares(16,538)(17,025)487 2.9 %
Accumulated other comprehensive loss(76,774)(62,952)(13,822)-22.0 %
Total stockholders' equity755,905 766,670 (10,765)-1.4 %
Total liabilities and stockholders' equity$7,777,902 $7,682,205 $95,697 1.2 %
Consolidated capital ratios
Equity to assets9.72 %9.98 %-0.26 %
Tangible equity to tangible assets (non-GAAP) (1)
8.37 %8.62 %-0.25 %
Share data
Outstanding shares64,92964,7381910.3 %
Book value per share$11.64 $11.84 $(0.20)-1.7 %
Tangible book value per share (non-GAAP) (2)
$9.88 $10.07 $(0.19)-1.9 %
_________________________
(1)Tangible equity and tangible assets exclude goodwill and core deposit intangibles.
(2)Tangible book value excludes goodwill and core deposit intangibles.
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Kearny Financial Corp.
Consolidated Statements of Income
(Unaudited)
(Dollars and Shares in Thousands,
Except Per Share Data)		Three Months EndedVariance
or Change		Variance
or Change Pct.
September 30,
2026		June 30,
2026
Interest income
Loans$71,425 $69,376 $2,049 3.0 %
Taxable investment securities11,462 11,328 134 1.2 %
Tax-exempt investment securities26 29 (3)-10.3 %
Other interest-earning assets1,317 1,251 66 5.3 %
Total interest income84,230 81,984 2,246 2.7 %
Interest expense
Deposits31,923 30,537 1,386 4.5 %
Borrowings12,227 11,073 1,154 10.4 %
Total interest expense44,150 41,610 2,540 6.1 %
Net interest income40,080 40,374 (294)-0.7 %
Provision for credit losses 830 822 8 1.0 %
Net interest income after provision for credit losses39,250 39,552 (302)-0.8 %
Non-interest income
Fees and service charges1,022 1,066 (44)-4.1 %
Gain on sale of loans217 316 (99)-31.3 %
Loss on other real estate owned(122)— (122)— %
Income from bank owned life insurance2,756 2,706 50 1.8 %
Electronic banking fees and charges464 460 4 0.9 %
Other income866 765 101 13.2 %
Total non-interest income5,203 5,313 (110)-2.1 %
Non-interest expense
Salaries and employee benefits19,430 20,313 (883)-4.3 %
Net occupancy expense of premises2,785 2,862 (77)-2.7 %
Equipment and systems3,725 3,851 (126)-3.3 %
Advertising and marketing381 746 (365)-48.9 %
Federal deposit insurance premium1,425 1,360 65 4.8 %
Directors' compensation333 307 26 8.5 %
Other expense3,708 4,413 (705)-16.0 %
Total non-interest expense31,787 33,852 (2,065)-6.1 %
Income before income taxes12,666 11,013 1,653 15.0 %
Income taxes2,622 3,841 (1,219)-31.7 %
Net income$10,044 $7,172 $2,872 40.0 %
Net income per common share (EPS)
Basic$0.16 $0.11 $0.05 
Diluted$0.16 $0.11 $0.05 
Dividends declared
Cash dividends declared per common share$0.11 $0.11 $— 
Cash dividends declared$7,035 $7,008 $27 
Dividend payout ratio70.0 %97.7 %-27.7 %
Weighted average number of common shares outstanding
Basic63,12262,958164
Diluted63,56363,403160
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Kearny Financial Corp.
Average Balance Sheet Data
(Unaudited)
(Dollars in Thousands)Three Months EndedVariance
or Change		Variance
or Change Pct.
September 30,
2026		June 30,
2026
Assets
Interest-earning assets:
Loans receivable, including loans held for sale$5,908,455 $5,854,248 $54,207 0.9 %
Taxable investment securities1,171,085 1,185,569 (14,484)-1.2 %
Tax-exempt investment securities4,344 4,759 (415)-8.7 %
Other interest-earning assets115,794 109,098 6,696 6.1 %
Total interest-earning assets7,199,678 7,153,674 46,004 0.6 %
Non-interest-earning assets456,954 456,877 77 0.0 %
Total assets $7,656,632 $7,610,551 $46,081 0.6 %
Liabilities and Stockholders' Equity
Interest-bearing liabilities:
Deposits:
Interest-bearing demand$2,272,168 $2,207,264 $64,904 2.9 %
Savings748,945 760,770 (11,825)-1.6 %
Certificates of deposit (retail)1,181,612 1,190,922 (9,310)-0.8 %
Certificates of deposit (brokered)565,208 673,031 (107,823)-16.0 %
Total interest-bearing deposits4,767,933 4,831,987 (64,054)-1.3 %
Borrowings:
Federal Home Loan Bank advances1,137,228 1,022,637 114,591 11.2 %
Other borrowings135,217 150,275 (15,058)-10.0 %
Total borrowings1,272,445 1,172,912 99,533 8.5 %
Total interest-bearing liabilities6,040,378 6,004,899 35,479 0.6 %
Non-interest-bearing liabilities:
Non-interest-bearing deposits796,212 788,059 8,153 1.0 %
Other non-interest-bearing liabilities56,617 54,614 2,003 3.7 %
Total non-interest-bearing liabilities852,829 842,673 10,156 1.2 %
Total liabilities6,893,207 6,847,572 45,635 0.7 %
Stockholders' equity763,425 762,979 446 0.1 %
Total liabilities and stockholders' equity$7,656,632 $7,610,551 $46,081 0.6 %
Average interest-earning assets to average interest-bearing liabilities119.19 %119.13 %0.06 %0.1 %
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Kearny Financial Corp.
Performance Ratio Highlights
(Unaudited)
Three Months EndedVariance
or Change
September 30,
2026		June 30,
2026
Average yield on interest-earning assets:
Loans receivable, including loans held for sale4.84 %4.74 %0.10 %
Taxable investment securities3.91 %3.82 %0.09 %
Tax-exempt investment securities (1)
2.43 %2.40 %0.03 %
Other interest-earning assets4.55 %4.59 %-0.04 %
Total interest-earning assets 4.68 %4.58 %0.10 %
Average cost of interest-bearing liabilities:
Deposits:
Interest-bearing demand2.54 %2.49 %0.05 %
Savings 1.27 %1.34 %-0.07 %
Certificates of deposit (retail)3.19 %3.17 %0.02 %
Certificates of deposit (brokered)4.03 %2.87 %1.16 %
Total interest-bearing deposits2.68 %2.53 %0.15 %
Borrowings:
Federal Home Loan Bank advances3.85 %3.79 %0.06 %
Other borrowings3.77 %3.71 %0.06 %
Total borrowings3.84 %3.78 %0.06 %
Total interest-bearing liabilities2.92 %2.77 %0.15 %
Interest rate spread (2)
1.76 %1.81 %-0.05 %
Net interest margin (3)
2.23 %2.26 %-0.03 %
Non-interest income to average assets (annualized)0.27 %0.28 %-0.01 %
Non-interest expense to average assets (annualized)1.66 %1.78 %-0.12 %
Efficiency ratio (4)
70.20 %74.09 %-3.89 %
Return on average assets (annualized)0.52 %0.38 %0.14 %
Return on average equity (annualized)5.26 %3.76 %1.50 %
Return on average tangible equity (annualized) (5)
6.24 %4.48 %1.76 %
_________________________
(1)The yield on tax-exempt investment securities has not been adjusted to reflect their tax-effective yield.
(2)Interest income divided by average interest-earning assets less interest expense divided by average interest-bearing liabilities.
(3)Net interest income divided by average interest-earning assets.
(4)Non-interest expense divided by the sum of net interest income and non-interest income.
(5)Average tangible equity excludes average goodwill and core deposit intangibles. See the “Reconciliation of GAAP to non-GAAP” table.
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Five-Quarter Financial Trend Analysis
Kearny Financial Corp.
Consolidated Balance Sheets
(Dollars and Shares in Thousands,
Except Per Share Data)		September 30,
2026		June 30,
2026		March 31,
2026		December 31,
2025		September 30,
2025
(Unaudited)(Audited)(Unaudited)(Unaudited)(Unaudited)
Assets
Cash and cash equivalents$115,829 $114,823 $123,836 $147,340 $130,139 
Securities available for sale931,965 964,369 983,325 1,000,397 1,016,182 
Securities held to maturity104,228 106,814 110,581 112,800 116,681 
Loans held-for-sale4,786 6,022 12,183 8,786 6,650 
Loans receivable5,980,398 5,875,325 5,779,181 5,753,393 5,767,419 
Less: allowance for credit losses on loans(46,049)(45,496)(44,723)(44,958)(45,060)
Net loans receivable5,934,349 5,829,829 5,734,458 5,708,435 5,722,359 
Premises and equipment42,112 42,359 41,896 42,559 43,222 
Federal Home Loan Bank stock59,176 59,726 55,737 57,212 62,011 
Accrued interest receivable31,328 27,875 28,304 27,420 29,460 
Goodwill113,525 113,525 113,525 113,525 113,525 
Core deposit intangible857 968 1,080 1,198 1,317 
Bank owned life insurance317,512 314,756 312,050 309,404 307,248 
Deferred income taxes, net52,953 48,699 50,961 51,617 51,587 
Other real estate owned5,397 5,519 — — — 
Other assets63,885 46,921 39,720 40,185 47,629 
Total assets $7,777,902 $7,682,205 $7,607,656 $7,620,878 $7,648,010 
Liabilities
Deposits:
Non-interest-bearing $790,227 $788,015 $631,506 $627,180 $578,481 
Interest-bearing5,043,269 4,921,610 5,097,576 5,084,370 5,053,401 
Total deposits5,833,496 5,709,625 5,729,082 5,711,550 5,631,882 
Borrowings1,135,000 1,150,000 1,060,000 1,095,000 1,206,497 
Advance payments by borrowers for taxes18,640 18,562 19,317 18,474 19,261 
Other liabilities34,861 37,348 36,225 38,458 37,166 
Total liabilities7,021,997 6,915,535 6,844,624 6,863,482 6,894,806 
Stockholders' Equity
Common stock649 648 648 648 648 
Paid-in capital495,513 495,953 495,442 494,959 494,490 
Retained earnings353,055 350,046 349,881 346,749 344,287 
Unearned ESOP shares(16,538)(17,025)(17,511)(17,997)(18,484)
Accumulated other comprehensive loss(76,774)(62,952)(65,428)(66,963)(67,737)
Total stockholders' equity755,905 766,670 763,032 757,396 753,204 
Total liabilities and stockholders' equity$7,777,902 $7,682,205 $7,607,656 $7,620,878 $7,648,010 
Consolidated capital ratios
Equity to assets9.72 %9.98 %10.03 %9.94 %9.85 %
Tangible equity to tangible assets (non-GAAP) (1)
8.37 %8.62 %8.65 %8.56 %8.47 %
Share data
Outstanding shares 64,92964,73864,73964,73964,739
Book value per share$11.64 $11.84 $11.79 $11.70 $11.63 
Tangible book value per share (non-GAAP) (2)
$9.88 $10.07 $10.02 $9.93 $9.86 
_________________________
(1)Tangible equity and tangible assets exclude goodwill and core deposit intangibles.
(2)Tangible book value excludes goodwill and core deposit intangibles.
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Kearny Financial Corp.
Supplemental Balance Sheet Highlights
(Unaudited)
(Dollars in Thousands)September 30,
2026		June 30,
2026		March 31,
2026		December 31,
2025		September 30,
2025
Loan portfolio composition:
Commercial loans:
Multi-family mortgage$2,436,745 $2,499,894 $2,555,001 $2,619,124 $2,640,737 
Nonresidential mortgage1,049,308 1,019,445 1,012,422 990,178 988,969 
Commercial and industrial231,361 223,927 201,277 169,884 142,304 
Construction303,007 263,200 207,765 181,766 189,626 
Total commercial loans4,020,421 4,006,466 3,976,465 3,960,952 3,961,636 
One- to four-family residential mortgage1,810,732 1,789,865 1,741,023 1,730,543 1,749,362 
Consumer loans:
Home equity loans76,827 79,844 61,379 59,046 54,116 
Other consumer77,397 2,387 2,377 2,523 2,487 
Total consumer loans154,224 82,231 63,756 61,569 56,603 
Total loans, excluding yield adjustments5,985,377 5,878,562 5,781,244 5,753,064 5,767,601 
Unaccreted yield adjustments(4,979)(3,237)(2,063)329 (182)
Loans receivable, net of yield adjustments5,980,398 5,875,325 5,779,181 5,753,393 5,767,419 
Less: allowance for credit losses on loans(46,049)(45,496)(44,723)(44,958)(45,060)
Net loans receivable$5,934,349 $5,829,829 $5,734,458 $5,708,435 $5,722,359 
Asset quality:
Nonperforming assets:
Accruing loans - 90 days and over past due$— $— $— $— $20,494 
Nonaccrual loans51,160 47,896 52,379 51,306 44,085 
Total nonperforming loans51,160 47,896 52,379 51,306 64,579 
Other real estate owned5,397 5,519 — — — 
Total nonperforming assets$56,557 $53,415 $52,379 $51,306 $64,579 
Nonperforming loans (% total loans)0.86 %0.82 %0.91 %0.89 %1.12 %
Nonperforming assets (% total assets)0.73 %0.70 %0.69 %0.67 %0.84 %
Classified loans$90,891 $88,202 $97,384 $97,542 $117,780 
Allowance for credit losses on loans (ACL):
ACL to total loans0.77 %0.77 %0.77 %0.78 %0.78 %
ACL to nonperforming loans90.01 %94.99 %85.38 %87.63 %69.78 %
Net charge-offs $277 $49 $626 $669 $1,049 
Average net charge-off rate (annualized)0.02 %0.00 %0.04 %0.05 %0.07 %

9

Kearny Financial Corp.
Supplemental Balance Sheet Highlights
(Unaudited)
(Dollars in Thousands)September 30,
2026		June 30,
2026		March 31,
2026		December 31,
2025		September 30,
2025
Funding composition:
Deposits:
Non-interest-bearing deposits$790,227 $788,015 $631,506 $627,180 $578,481 
Interest-bearing demand2,358,751 2,214,432 2,375,565 2,376,825 2,334,560 
Savings 730,531 766,502 763,016 769,742 751,253 
Certificates of deposit (retail)1,198,701 1,183,427 1,201,752 1,180,370 1,208,408 
Certificates of deposit (brokered)755,286 757,249 757,243 757,433 759,180 
Interest-bearing deposits5,043,269 4,921,610 5,097,576 5,084,370 5,053,401 
Total deposits5,833,496 5,709,625 5,729,082 5,711,550 5,631,882 
Borrowings:
Federal Home Loan Bank advances1,025,000 950,000 900,000 800,000 1,006,497 
Overnight borrowings110,000 200,000 160,000 295,000 200,000 
Total borrowings1,135,000 1,150,000 1,060,000 1,095,000 1,206,497 
Total funding$6,968,496 $6,859,625 $6,789,082 $6,806,550 $6,838,379 
Loans as a % of deposits101.8 %102.2 %100.3 %100.1 %101.7 %
Deposits as a % of total funding83.7 %83.2 %84.4 %83.9 %82.4 %
Borrowings as a % of total funding16.3 %16.8 %15.6 %16.1 %17.6 %
Uninsured deposits:
Uninsured deposits (reported) (1)
$2,418,530 $2,245,646 $2,199,708 $2,158,440 $2,040,021 
Uninsured deposits (adjusted) (2)
$883,421 $850,952 $839,094 $800,998 $804,209 
_________________________
(1)Uninsured deposits of Kearny Bank.
(2)Uninsured deposits of Kearny Bank adjusted to exclude deposits of its wholly-owned subsidiary and holding company and collateralized deposits of state and local governments.
10

Kearny Financial Corp.
Consolidated Statements of Income
(Unaudited)
Three Months Ended
(Dollars and Shares in Thousands,
Except Per Share Data)		September 30,
2026		June 30,
2026		March 31,
2026		December 31,
2025		September 30,
2025
Interest income
Loans$71,425 $69,376 $66,310 $67,410 $68,349 
Taxable investment securities11,462 11,328 11,425 11,623 12,600 
Tax-exempt investment securities26 29 34 35 41 
Other interest-earning assets1,317 1,251 1,400 1,584 1,518 
Total interest income84,230 81,984 79,169 80,652 82,508 
Interest expense
Deposits31,923 30,537 31,045 33,148 33,931 
Borrowings12,227 11,073 8,888 9,535 10,873 
Total interest expense44,150 41,610 39,933 42,683 44,804 
Net interest income40,080 40,374 39,236 37,969 37,704 
Provision for (reversal of) credit losses 830 822 391 567 (82)
Net interest income after provision for (reversal of) credit losses39,250 39,552 38,845 37,402 37,786 
Non-interest income
Fees and service charges1,022 1,066 922 1,295 892 
Gain on sale of loans217 316 193 224 199 
Loss on other real estate owned(122)— — — — 
Income from bank owned life insurance2,756 2,706 2,646 2,710 2,689 
Electronic banking fees and charges464 460 389 473 416 
Other income866 765 1,944 869 1,651 
Total non-interest income5,203 5,313 6,094 5,571 5,847 
Non-interest expense
Salaries and employee benefits19,430 20,313 19,316 18,373 18,745 
Net occupancy expense of premises2,785 2,862 3,263 2,888 3,307 
Equipment and systems3,725 3,851 3,975 4,007 3,974 
Advertising and marketing381 746 665 412 562 
Federal deposit insurance premium1,425 1,360 1,302 1,357 1,301 
Directors' compensation333 307 307 306 307 
Other expense3,708 4,413 3,471 3,848 3,470 
Total non-interest expense31,787 33,852 32,299 31,191 31,666 
Income before income taxes12,666 11,013 12,640 11,782 11,967 
Income taxes2,622 3,841 2,503 2,333 2,461 
Net income$10,044 $7,172 $10,137 $9,449 $9,506 
Net income per common share (EPS)
Basic$0.16 $0.11 $0.16 $0.15 $0.15 
Diluted$0.16 $0.11 $0.16 $0.15 $0.15 
Dividends declared
Cash dividends declared per common share$0.11 $0.11 $0.11 $0.11 $0.11 
Cash dividends declared$7,035 $7,008 $7,005 $6,987 $6,963 
Dividend payout ratio70.0 %97.7 %69.1 %73.9 %73.2 %
Weighted average number of common shares outstanding
Basic63,12262,95862,90862,85862,741
Diluted63,56363,40363,25163,06162,951
11

Kearny Financial Corp.
Average Balance Sheet Data
(Unaudited)
Three Months Ended
(Dollars in Thousands)September 30,
2026		June 30,
2026		March 31,
2026		December 31,
2025		September 30,
2025
Assets
Interest-earning assets:
Loans receivable, including loans held-for-sale$5,908,455 $5,854,248 $5,785,095 $5,778,680 $5,806,767 
Taxable investment securities1,171,085 1,185,569 1,194,487 1,185,602 1,236,705 
Tax-exempt investment securities4,344 4,759 5,669 5,902 6,856 
Other interest-earning assets115,794 109,098 106,967 123,475 115,776 
Total interest-earning assets7,199,678 7,153,674 7,092,218 7,093,659 7,166,104 
Non-interest-earning assets456,954 456,877 455,725 455,752 453,215 
Total assets $7,656,632 $7,610,551 $7,547,943 $7,549,411 $7,619,319 
Liabilities and Stockholders' Equity
Interest-bearing liabilities:
Deposits:
Interest-bearing demand$2,272,168 $2,207,264 $2,402,177 $2,385,397 $2,343,809 
Savings 748,945 760,770 761,090 759,247 754,244 
Certificates of deposit (retail)1,181,612 1,190,922 1,181,526 1,201,950 1,211,026 
Certificates of deposit (brokered)565,208 673,031 755,461 756,179 755,813 
Total interest-bearing deposits4,767,933 4,831,987 5,100,254 5,102,773 5,064,892 
Borrowings:
Federal Home Loan Bank advances1,137,228 1,022,637 861,445 998,760 1,077,146 
Other borrowings135,217 150,275 133,833 38,478 85,489 
Total borrowings1,272,445 1,172,912 995,278 1,037,238 1,162,635 
Total interest-bearing liabilities6,040,378 6,004,899 6,095,532 6,140,011 6,227,527 
Non-interest-bearing liabilities:
Non-interest-bearing deposits796,212 788,059 633,494 595,035 581,625 
Other non-interest-bearing liabilities56,617 54,614 59,644 59,447 65,024 
Total non-interest-bearing liabilities852,829 842,673 693,138 654,482 646,649 
Total liabilities6,893,207 6,847,572 6,788,670 6,794,493 6,874,176 
Stockholders' equity763,425 762,979 759,273 754,918 745,143 
Total liabilities and stockholders' equity$7,656,632 $7,610,551 $7,547,943 $7,549,411 $7,619,319 
Average interest-earning assets to average
 interest-bearing liabilities
119.19 %119.13 %116.35 %115.53 %115.07 %
12

Kearny Financial Corp.
Performance Ratio Highlights
Three Months Ended
September 30,
2026		June 30,
2026		March 31,
2026		December 31,
2025		September 30,
2025
Average yield on interest-earning assets:
Loans receivable, including loans held-for-sale4.84 %4.74 %4.58 %4.67 %4.71 %
Taxable investment securities3.91 %3.82 %3.83 %3.92 %4.08 %
Tax-exempt investment securities (1)
2.43 %2.40 %2.37 %2.36 %2.42 %
Other interest-earning assets4.55 %4.59 %5.24 %5.13 %5.24 %
Total interest-earning assets4.68 %4.58 %4.47 %4.55 %4.61 %
Average cost of interest-bearing liabilities:
Deposits:
Interest-bearing demand2.54 %2.49 %2.34 %2.51 %2.63 %
Savings 1.27 %1.34 %1.26 %1.40 %1.41 %
Certificates of deposit (retail)3.19 %3.17 %3.20 %3.45 %3.56 %
Certificates of deposit (brokered)4.03 %2.87 %2.71 %2.72 %2.67 %
Total interest-bearing deposits2.68 %2.53 %2.43 %2.60 %2.68 %
Borrowings:
Federal Home Loan Bank advances3.85 %3.79 %3.56 %3.66 %3.69 %
Other borrowings3.77 %3.71 %3.66 %4.13 %4.44 %
Total borrowings3.84 %3.78 %3.57 %3.68 %3.74 %
Total interest-bearing liabilities2.92 %2.77 %2.62 %2.78 %2.88 %
Interest rate spread (2)
1.76 %1.81 %1.85 %1.77 %1.73 %
Net interest margin (3)
2.23 %2.26 %2.21 %2.14 %2.10 %
Non-interest income to average assets (annualized)0.27 %0.28 %0.32 %0.30 %0.31 %
Non-interest expense to average assets (annualized)1.66 %1.78 %1.71 %1.65 %1.66 %
Efficiency ratio (4)
70.20 %74.09 %71.25 %71.64 %72.71 %
Return on average assets (annualized)0.52 %0.38 %0.54 %0.50 %0.50 %
Return on average equity (annualized)5.26 %3.76 %5.34 %5.01 %5.10 %
Return on average tangible equity (annualized) (5)
6.24 %4.48 %6.34 %5.96 %6.09 %
_________________________
(1)The yield on tax-exempt investment securities has not been adjusted to reflect their tax-effective yield.
(2)Interest income divided by average interest-earning assets less interest expense divided by average interest-bearing liabilities.
(3)Net interest income divided by average interest-earning assets.
(4)Non-interest expense divided by the sum of net interest income and non-interest income.
(5)Average tangible equity excludes average goodwill and core deposit intangibles. See the “Reconciliation of GAAP to non-GAAP” table.

The following tables provide a reconciliation of certain financial measures calculated in accordance with Generally Accepted Accounting Principles (“GAAP”) (as reported) and non-GAAP measures. These non-GAAP measures provide additional information which allow readers to evaluate the ongoing performance of the Company. They are not a substitute for GAAP measures; they should be read and used in conjunction with the Company’s GAAP financial information. In all cases, it should be understood that non-GAAP per share measures do not depict amounts that accrue directly to the benefit of shareholders.
13

Kearny Financial Corp.
Reconciliation of GAAP to Non-GAAP
(Unaudited)
Three Months Ended
(Dollars and Shares in Thousands,
Except Per Share Data)		September 30,
2026		June 30,
2026		March 31,
2026		December 31,
2025		September 30,
2025
Adjusted net income:
Net income (GAAP)$10,044 $7,172 $10,137 $9,449 $9,506 
Non-recurring transactions - net of tax:
Branch consolidation expenses— — — — 178 
Severance expense from workforce realignment— 529 — — — 
Deferred tax asset valuation allowance— 1,562 — — — 
Gain on sale of property held for sale— — (724)— (532)
Adjusted net income$10,044 $9,263 $9,413 $9,449 $9,152 
Calculation of pre-tax, pre-provision net revenue:
Net income (GAAP)$10,044 $7,172 $10,137 $9,449 $9,506 
Adjustments to net income (GAAP):
Provision for income taxes2,622 3,841 2,503 2,333 2,461 
Provision for (reversal of) credit losses830 822 391 567 (82)
Pre-tax, pre-provision net revenue (non-GAAP)$13,496 $11,835 $13,031 $12,349 $11,885 
Adjustments to pre-tax, pre-provision net revenue (non-GAAP):
Branch consolidation expenses$— $— $— $— $250 
Severance expense from workforce realignment— 745 — — — 
Gain on sale of property held for sale— — (1,020)— (749)
Pre-tax, pre-provision net revenue (non-GAAP) - adjusted$13,496 $12,580 $12,011 $12,349 $11,386 
Adjusted earnings per share:
Weighted average common shares - basic63,12262,95862,90862,85862,741
Weighted average common shares - diluted63,56363,40363,25163,06162,951
Earnings per share - basic (GAAP)$0.16 $0.11 $0.16 $0.15 $0.15 
Earnings per share - diluted (GAAP)$0.16 $0.11 $0.16 $0.15 $0.15 
Adjusted earnings per share - basic (non-GAAP)$0.16 $0.15 $0.15 $0.15 $0.15 
Adjusted earnings per share - diluted (non-GAAP)$0.16 $0.15 $0.15 $0.15 $0.15 
Pre-tax, pre-provision net revenue per share:
Pre-tax, pre-provision net revenue per share - basic
  (non-GAAP)		$0.21 $0.19 $0.21 $0.20 $0.19 
Pre-tax, pre-provision net revenue per share - diluted
  (non-GAAP)		$0.21 $0.19 $0.21 $0.20 $0.19 
Pre-tax, pre-provision net revenue per share - basic
  (non-GAAP) - adjusted		$0.21 $0.20 $0.19 $0.20 $0.18 
Pre-tax, pre-provision net revenue per share - diluted
  (non-GAAP) - adjusted		$0.21 $0.20 $0.19 $0.20 $0.18 
Adjusted return on average assets:
Total average assets$7,656,632 $7,610,551 $7,547,943 $7,549,411 $7,619,319 
Return on average assets (GAAP)0.52 %0.38 %0.54 %0.50 %0.50 %
Adjusted return on average assets (non-GAAP)0.52 %0.49 %0.50 %0.50 %0.48 %
Adjusted return on average equity:
Total average equity$763,425 $762,979 $759,273 $754,918 $745,143 
Return on average equity (GAAP)5.26 %3.76 %5.34 %5.01 %5.10 %
Adjusted return on average equity (non-GAAP)5.26 %4.86 %4.96 %5.01 %4.91 %
14

Kearny Financial Corp.
Reconciliation of GAAP to Non-GAAP
(Unaudited)
Three Months Ended
(Dollars and Shares in Thousands,
Except Per Share Data)		September 30,
2026		June 30,
2026		March 31,
2026		December 31,
2025		September 30,
2025
Adjusted return on average tangible equity:
Total average equity$763,425 $762,979 $759,273 $754,918 $745,143 
Less: average goodwill(113,525)(113,525)(113,525)(113,525)(113,525)
Less: average other intangible assets(930)(1,042)(1,157)(1,276)(1,395)
Total average tangible equity$648,970 $648,412 $644,591 $640,117 $630,223 
Return on average tangible equity (non-GAAP)6.24 %4.48 %6.34 %5.96 %6.09 %
Adjusted return on average tangible equity (non-GAAP)6.24 %5.77 %5.90 %5.96 %5.87 %
Adjusted non-interest expense ratio:
Non-interest expense (GAAP)$31,787 $33,852 $32,299 $31,191 $31,666 
Non-recurring transactions:
Branch consolidation expenses— — — — (250)
Severance expense from workforce realignment— (745)— — — 
Non-interest expense (non-GAAP)$31,787 $33,107 $32,299 $31,191 $31,416 
Non-interest expense ratio (GAAP)1.66 %1.78 %1.71 %1.65 %1.66 %
Adjusted non-interest expense ratio (non-GAAP)1.66 %1.74 %1.71 %1.65 %1.65 %
Adjusted efficiency ratio:
Non-interest expense (non-GAAP)$31,787 $33,107 $32,299 $31,191 $31,416 
Net interest income (GAAP)$40,080 $40,374 $39,236 $37,969 $37,704 
Total non-interest income (GAAP)5,203 5,313 6,094 5,571 5,847 
Non-recurring transactions:
Gain on sale of property held for sale— — (1,020)— (749)
Total revenue (non-GAAP)$45,283 $45,687 $44,310 $43,540 $42,802 
Efficiency ratio (GAAP)70.20 %74.09 %71.25 %71.64 %72.71 %
Adjusted efficiency ratio (non-GAAP)70.20 %72.46 %72.89 %71.64 %73.40 %

15