Financial Position - Total assets decreased by $119.6 million to $7.62 billion at December 31, 2025, from $7.74 billion at June 30, 2025[119]. - Net loans receivable decreased by $58.3 million, or 1.0%, to $5.71 billion at December 31, 2025, from $5.77 billion at June 30, 2025[123]. - Total deposits increased by $36.3 million, or 0.6%, to $5.71 billion at December 31, 2025, from $5.68 billion at June 30, 2025[133]. - Stockholders' equity increased by $11.4 million to $757.4 million at December 31, 2025, largely reflecting net income of $19.0 million[138]. - The allowance for credit losses totaled $45.0 million, or 0.78% of total loans, at December 31, 2025, compared to $46.2 million, or 0.79% of total loans, at June 30, 2025[130]. - Investment securities available for sale decreased by $12.6 million to $1.00 billion at December 31, 2025[120]. - Loans held-for-sale totaled $8.8 million at December 31, 2025, compared to $5.9 million at June 30, 2025[122]. - Commitments to originate and purchase loans totaled $42.5 million at December 31, 2025, up from $26.4 million at June 30, 2025[183]. - Construction loans in process were $162.0 million at December 31, 2025, compared to $115.7 million at June 30, 2025[184]. Income Statement - Net income for the quarter ended December 31, 2025, was $9.4 million, or $0.15 per diluted share, compared to $6.6 million, or $0.10 per diluted share, for the quarter ended December 31, 2024[140]. - Net income for the six months ended December 31, 2025, was $19.0 million, or $0.30 per diluted share, compared to $12.7 million, or $0.20 per diluted share, for the same period in 2024[159]. - Net interest income increased by $5.4 million to $38.0 million for the quarter ended December 31, 2025, compared to $32.6 million for the same quarter in 2024[141]. - Net interest income for the six months ended December 31, 2025, increased by $10.6 million to $75.7 million compared to $65.1 million for the same period in 2024[160]. - Total non-interest income increased by $698,000 to $5.6 million for the quarter ended December 31, 2025, compared to $4.9 million for the same quarter in 2024[150]. - Total non-interest income rose by $1.9 million to $11.4 million for the six months ended December 31, 2025, compared to $9.5 million for the same period in 2024[169]. Expenses - Salaries and employee benefits increased by $794,000 to $18.4 million for the quarter ended December 31, 2025, from $17.6 million for the same quarter in 2024[152]. - Total non-interest expense increased by $1.6 million to $31.2 million for the quarter ended December 31, 2025, compared to $29.6 million for the same quarter in 2024[152]. - Total non-interest expense increased by $3.5 million to $62.9 million for the six months ended December 31, 2025, compared to $59.3 million for the same period in 2024[172]. - Salaries and employee benefits rose by $2.0 million to $37.1 million for the six months ended December 31, 2025, driven by higher salary expenses and payroll taxes[173]. Credit Quality - Nonperforming assets increased by $5.7 million to $51.3 million, or 0.67% of total assets, at December 31, 2025[128]. - Provision for credit losses increased by $460,000 to $567,000 for the quarter ended December 31, 2025, compared to $107,000 for the same quarter in 2024[149]. - Provision for credit losses increased to $485,000 for the six months ended December 31, 2025, from $215,000 in the prior year, primarily due to adjustments related to a non-performing loan[168]. Taxation - Effective tax rate increased to 19.8% for the quarter ended December 31, 2025, from 16.0% for the same quarter in 2024[158]. - The effective tax rate increased to 20.2% for the six months ended December 31, 2025, from 15.6% in the prior year, reflecting higher projected taxable income[180]. Capital Ratios - The Bank's total capital to risk-weighted assets ratio was 14.75% at December 31, 2025, exceeding the minimum regulatory requirement of 8.00%[186]. - Tier 1 capital to risk-weighted assets ratio was 13.79% at December 31, 2025, above the minimum requirement of 6.00%[186]. - Common equity tier 1 capital to risk-weighted assets ratio was 13.79% at December 31, 2025, surpassing the minimum of 4.50%[186]. - The Bank's total capital to risk-weighted assets ratio was 14.49% at June 30, 2025, also above the regulatory minimum[186]. Interest Rate Sensitivity - The Bank's internal analysis indicated that a 300 basis point increase in interest rates would decrease the Economic Value of Equity (EVE) by 29.82% to $528,474[195]. - A 200 basis point increase in interest rates would reduce net interest income (NII) by 7.42% to $148,358 over a 1 to 12 month period[195]. - The interest rate spread improved to 1.75% for the six months ended December 31, 2025, compared to 1.39% for the same period in 2024[168]. - The sensitivity of EVE to interest rate changes is influenced by the composition and allocation of the balance sheet[196]. - Future interest rates and their effects on net interest income are unpredictable and based on numerous assumptions[197]. Liquidity - Liquidity included $147.3 million of short-term cash and cash equivalents and $1.00 billion of investment securities available for sale as of December 31, 2025[182]. - The Asset/Liability Management program is overseen by the Board of Directors to manage interest rate risk[191]. - The Bank had no significant off-balance sheet commitments for capital expenditures as of December 31, 2025[188].

Financial Performance - Net income for Q2 fiscal 2026 was $9.4 million, or $0.15 per diluted share, compared to $9.5 million, or $0.15 per diluted share, in the previous quarter[1]. - Net income for the quarter was $9,449 thousand, a decrease of $57 thousand, or 0.6%, compared to the previous quarter[21]. - Net income for Q4 2025 was $9,449,000, slightly lower than $9,506,000 in Q3 2025[36]. - Basic earnings per share (EPS) remained stable at $0.15 for both Q4 and Q3 2025[36]. - Adjusted net income for Q4 2025 was $9,449,000, an increase from $6,566,000 in Q4 2024[45]. - Earnings per share (diluted) remained stable at $0.15 in Q4 2025, consistent with Q4 2024[45]. Revenue and Income Sources - Pre-tax, pre-provision net revenue increased by 3.9% to $12.3 million, indicating ongoing strengthening of core earnings[6]. - Non-interest income decreased by $276,000, or 4.7%, to $5.6 million, primarily due to the absence of a non-recurring gain from the previous period[10]. - Non-interest income decreased by $276 thousand, or 4.7%, totaling $5,571 thousand, with fees and service charges increasing by 45.2%[21]. - Total non-interest income was $5,571,000 in Q4 2025, compared to $4,873,000 in Q4 2024[47]. Asset and Liability Management - Total assets decreased by $27,132 thousand, or 0.4%, from September 30, 2025, to December 31, 2025, totaling $7,620,878 thousand[18]. - Total assets decreased to $7,549,411,000 from $7,619,319,000 in the previous quarter[38]. - Total liabilities decreased by $31,324 thousand, or 0.5%, totaling $6,863,482 thousand[18]. - Total liabilities were $6,794,493,000, down from $6,874,176,000 in Q3 2025[38]. Deposits and Funding - Total deposits increased by $79.7 million, or 1.4%, providing additional funding capacity[6]. - Total deposits increased to $5,711,550 thousand from $5,631,882 thousand, an increase of $79,668 thousand[28]. - Total funding decreased to $6,806,550 thousand from $6,838,379 thousand, a decline of 0.46%[33]. - Uninsured deposits reported increased to $2,158,440 thousand from $2,040,021 thousand, showing a rise of 5.79%[33]. Credit Quality and Loss Provisions - Non-performing assets decreased by 20.6% to $51.3 million, or 0.67% of total assets, demonstrating solid credit quality[6]. - The Company recorded a provision for credit losses of $567,000, compared to a reversal of credit losses of $82,000 in the previous quarter[16]. - The provision for credit losses showed a reversal of $567 thousand, compared to a provision of $(82) thousand in the previous quarter, indicating a significant change of 791.5%[21]. - Nonperforming loans as a percentage of total loans improved to 0.89% from 1.12% in the previous quarter, indicating better asset quality[31]. - Average net charge-off rate (annualized) was 0.05%, consistent with the previous quarter's rate of 0.07%[31]. Equity and Book Value - Book value per share increased by $0.07, or 0.6%, to $11.70, while tangible book value per share increased by $0.07, or 0.7%, to $9.93[16]. - Total stockholders' equity increased to $757,396 thousand from $753,204 thousand, an increase of $4,192 thousand[28]. - Book value per share increased to $11.70 from $11.63, reflecting a growth of $0.07[28]. Efficiency and Margins - Net interest margin expanded by four basis points to 2.14%, driven by lower costs on interest-bearing liabilities[10]. - Efficiency ratio improved to 71.64% from 72.71%, a change of -1.07%[25]. - Return on average equity (annualized) decreased to 5.01% from 5.10%, a change of -0.09%[25]. - Return on average assets (annualized) was 0.50% in Q4 2025, unchanged from Q3 2025[45]. Interest Income and Yield - Net interest income increased by $265 thousand, or 0.7%, from the previous quarter, reaching $37,969 thousand[21]. - Total interest income for Q4 2025 was $80,652,000, a slight decrease from $82,508,000 in Q3 2025[36]. - Net interest income after provision for credit losses was $37,402,000, compared to $37,786,000 in the previous quarter[36]. - Average yield on interest-earning assets decreased to 4.55% from 4.61%, a change of -0.06%[25]. - Average yield on interest-earning assets for loans receivable was 4.67% in Q4 2025, up from 4.54% in Q4 2024[40]. - Total interest-earning assets yield decreased to 4.55% in Q4 2025 from 4.54% in Q4 2024[40].

Core Insights - Kearny Financial Corp. reported a net income of $9.4 million for the quarter ended December 31, 2025, slightly down from $9.5 million in the previous quarter, maintaining a diluted earnings per share of $0.15 [1][24] - The Board of Directors declared a quarterly cash dividend of $0.11 per share, payable on February 18, 2026 [2] - The company experienced a year-over-year expansion in net interest margin by 32 basis points, reaching 2.14%, attributed to strategic balance sheet management and loan portfolio repricing [3][10] Financial Performance - Pre-tax, pre-provision net revenue increased by 3.9% to $12.3 million, indicating strengthening core earnings [6] - Non-performing assets decreased by 20.6% to $51.3 million, representing 0.67% of total assets, reflecting solid credit quality [6][17] - Total deposits rose by $79.7 million, or 1.4%, to $5.71 billion, enhancing funding capacity [6][19] Balance Sheet Highlights - Total assets were reported at $7.62 billion, a decrease of $27.1 million, or 0.4%, from the previous quarter [6][19] - Loans receivable totaled $5.75 billion, down by $14.0 million, or 0.2%, primarily due to reductions in multifamily and residential mortgage loans [6][19] - Borrowings decreased by $111.5 million, or 9.2%, to $1.10 billion, reflecting a reduction in Federal Home Loan Bank advances [6][19] Income Statement Analysis - Net interest income increased by $265,000 to $38.0 million, while total interest income decreased by 2.2% to $80.7 million [10][24] - Non-interest income decreased by $276,000, or 4.7%, to $5.6 million, primarily due to the absence of a non-recurring gain from the previous quarter [10][24] - Non-interest expense decreased by $475,000, or 1.5%, to $31.2 million, driven by declines in salary and benefits and occupancy expenses [10][24] Asset Quality and Capital - The allowance for credit losses was $45.0 million, or 0.78% of total loans, showing a slight decrease from the previous quarter [17] - Book value per share increased by $0.07, or 0.6%, to $11.70, while tangible book value per share rose by $0.07, or 0.7%, to $9.93 [17] - The company's tangible equity to tangible assets ratio was reported at 8.56%, with regulatory capital ratios exceeding all applicable requirements [17][19]

Financial Performance - GAAP Net Income was $9.4 million [13] and Diluted EPS was $0.15 [13] - Net Interest Income reached $38.0 million [13] with a Net Interest Margin of 2.14% [13], a 4 bps increase from the prior quarter [16] - Pre-tax, pre-provision net revenue increased by 3.9% to $12.3 million [16], indicating improved core earnings [16] Balance Sheet & Portfolio - Total deposits increased by $79.7 million, a 1.4% increase [16] - Non-performing assets decreased by 20.6% to $51.3 million, representing 0.67% of assets [16] - Loans totaled $5.8 billion [9] - The company has $2.7 billion in secured borrowing capacity with the FHLB & Fed [69] Capital & Ratios - The CET-1 Ratio was 14.67% [13] - Tangible equity to tangible assets was 8.56% [68] - The company's Market Cap is $479.7 million [9]

Financial Position - Total assets decreased by $92.4 million to $7.65 billion at September 30, 2025, from $7.74 billion at June 30, 2025[115] - Net loans receivable decreased by $44.4 million, or 0.8%, to $5.72 billion at September 30, 2025, from $5.77 billion at June 30, 2025[119] - Nonperforming assets increased by $19.0 million to $64.6 million, or 0.84% of total assets, at September 30, 2025[123] - Total deposits decreased by $43.3 million, or 0.8%, to $5.63 billion at September 30, 2025, from $5.68 billion at June 30, 2025[127] - Stockholders' equity increased by $7.2 million to $753.2 million at September 30, 2025, driven by net income of $9.5 million[132] Income Statement - Net income for the quarter ended September 30, 2025, was $9.5 million, or $0.15 per diluted share, compared to $6.1 million, or $0.10 per diluted share, for the same quarter in 2024[134] - Net interest income increased by $5.3 million to $37.7 million for the quarter ended September 30, 2025, compared to $32.4 million for the same quarter in 2024[135] - Net interest margin increased by 30 basis points to 2.10% for the quarter ended September 30, 2025, from 1.80% for the same quarter in 2024[136] - Total non-interest income increased by $1.2 million to $5.8 million for the quarter ended September 30, 2025, compared to $4.6 million for the same quarter in 2024[144] - Provision for credit losses recorded a reversal of $82,000 for the quarter ended September 30, 2025, compared to a provision of $108,000 for the same quarter in 2024[143] - Total non-interest expense increased by $1.9 million to $31.7 million for the quarter ended September 30, 2025, compared to $29.8 million for the same quarter in 2024[146] - Salaries and employee benefits increased by $1.2 million to $18.7 million for the quarter ended September 30, 2025, from $17.5 million for the same quarter in 2024[147] Liquidity and Capital - Liquidity included $130.1 million of short-term cash and cash equivalents and $1.02 billion of investment securities available for sale as of September 30, 2025[154] - Commitments to originate and purchase loans totaled $72.1 million as of September 30, 2025, compared to $26.4 million at June 30, 2025[155] - As of September 30, 2025, the total capital to risk-weighted assets ratio was 14.66%, exceeding the minimum regulatory requirement of 8.00%[158] - The Tier 1 capital to risk-weighted assets ratio was 13.70% as of September 30, 2025, above the minimum requirement of 6.00%[158] - Common equity tier 1 capital to risk-weighted assets ratio stood at 13.70% on September 30, 2025, surpassing the minimum of 4.50%[158] - The total capital to risk-weighted assets ratio increased from 14.49% on June 30, 2025, to 14.66% on September 30, 2025[158] - The Tier 1 capital to adjusted total assets ratio was 8.73% as of September 30, 2025, exceeding the minimum requirement of 4.00%[158] Interest Rate Sensitivity - The Economic Value of Equity (EVE) decreased by 34.77% to $437,413 under a +300 basis points interest rate scenario as of September 30, 2025[166] - Net interest income (NII) decreased by 9.61% to $140,548 under a +300 basis points interest rate scenario as of September 30, 2025[166] - The company maintains an Asset/Liability Management program to manage interest rate risk, overseen by the Board of Directors[162] - The sensitivity of projected NII is calculated using a static balance sheet assumption, with adjustments for product pricing and prepayment speeds[163] Loan Activity - Commercial loan origination volume for the three months ended September 30, 2025, totaled $61.4 million[119] - Construction loans in process were $137.4 million at September 30, 2025, compared to $115.7 million at June 30, 2025[156]

Financial Performance - Net income for Q1 FY 2026 was $9.5 million, or $0.15 per diluted share, a 39.7% increase from $6.8 million, or $0.11 per diluted share, in the previous quarter[1] - Earnings per share increased by 36.4% quarter-over-quarter, while pre-tax, pre-provision earnings per share rose by 18.8% to $0.19[6] - Net income increased by $2,737, or 40.4%, from $6,769 to $9,506[22] - Net income for Q3 2025 reached $9,506,000, representing a 40.7% increase from $6,769,000 in Q2 2025[37] - Adjusted net income for the same period was $9,152,000, compared to $6,769,000 in the prior quarter[46] Interest Income and Margin - Net interest margin expanded by 10 basis points to 2.10%, with net interest income increasing by 5.2% to $37.7 million[6] - Net interest income rose by $1,861, or 5.2%, from $35,843 to $37,704[22] - Net interest income after provision for credit losses rose to $37,786,000, up 10.1% from $34,058,000 in the previous quarter[37] - Average yield on interest-earning assets increased to 4.61% in September 2025 from 4.48% in June 2025, a change of 0.13%[26] - Net interest margin improved to 2.10% in September 2025, up from 2.00% in June 2025, reflecting a 0.10% increase[26] Asset and Liability Management - Total assets decreased by $92.4 million, or 1.2%, to $7.65 billion, while loans receivable decreased by $45.5 million, or 0.8%, to $5.77 billion[6] - Total assets decreased to $7,648,010 thousand in September 2025 from $7,740,450 thousand in June 2025, a decline of $92,440 thousand[29] - Total liabilities decreased by $99,682, or 1.4%, from $6,994,488 to $6,894,806[19] - Total liabilities were $6,874,176,000, a decrease from $6,894,695,000 in Q2 2025[39] Deposits and Loans - Deposits were $5.63 billion, down $43.3 million, or 0.8%, primarily due to declines in interest-bearing demand deposits and CDs[6] - Total deposits decreased to $5,631,882 thousand in September 2025 from $5,675,217 thousand in June 2025, a decrease of $43,335 thousand[29] - Total loans, excluding yield adjustments, decreased to $5,767,601 thousand from $5,814,539 thousand, a decline of 0.8% quarter-over-quarter[32] - Loans as a percentage of deposits remained stable at 101.7% for the current quarter[34] Non-Interest Income and Expense - Non-interest income increased by 17.2% to $5.8 million, driven by a non-recurring pre-tax gain of $749,000 on the sale of property[12] - Non-interest income increased to $5,847,000, a 17.2% rise compared to $4,991,000 in Q2 2025[37] - Non-interest expense rose by 2.5% to $31.7 million, mainly due to increases in salary and benefits and net occupancy costs[12] - Non-interest expense (GAAP) for the quarter was $31,666,000, an increase from $30,893,000 in the previous quarter[48] Asset Quality - The balance of non-performing assets increased to $64.6 million, or 0.84% of total assets, from $45.6 million, or 0.59%, in the previous quarter[17] - Nonperforming loans increased to $64,579 thousand, representing 1.12% of total loans, up from 0.78% in the previous quarter[32] - Total nonperforming assets increased to $64,579 thousand, up from $45,597 thousand in the previous quarter[32] - The allowance for credit losses on loans (ACL) to total loans ratio was 0.78%, slightly down from 0.79% in the previous quarter[32] Efficiency and Returns - Efficiency ratio improved to 72.71% in September 2025 from 75.66% in June 2025, a reduction of 2.95%[26] - Return on average assets (annualized) rose to 0.50% in September 2025, compared to 0.35% in June 2025, an increase of 0.15%[26] - Return on average assets (annualized) improved to 0.50% from 0.35% in the previous quarter[46] - Return on average equity (annualized) increased to 5.10% from 3.64% in the previous quarter[46] Shareholder Information - The dividend payout ratio improved by 29.4% from 102.6% to 73.2%[22] - The dividend payout ratio for Q3 2025 was 73.2%, down from 102.6% in Q2 2025[37] - Outstanding shares increased by 162, or 0.3%, from 64,577 to 64,739[19] - Book value per share increased by $0.08, or 0.7%, from $11.55 to $11.63[19] - Tangible book value per share rose to $9.86 in September 2025 from $9.77 in June 2025[29]

Core Insights - Kearny Financial Corp. reported a net income of $9.5 million for Q3 2025, an increase from $6.8 million in Q2 2025, translating to earnings per diluted share of $0.15 compared to $0.11 [1][3][22] - The company declared a quarterly cash dividend of $0.11 per share, payable on November 19, 2025 [2] Financial Performance - Net interest margin expanded by 10 basis points to 2.10%, with net interest income increasing by 5.2% to $37.7 million [6][10] - Earnings per share increased by 36.4% quarter-over-quarter, driven by net interest margin expansion and controlled expenses [3][6] - Non-interest income rose by 17.2% to $5.8 million, primarily due to a non-recurring pre-tax gain on property sale [10][22] Balance Sheet Highlights - Total assets decreased by $92.4 million, or 1.2%, to $7.65 billion as of September 30, 2025 [6][18] - Loans receivable totaled $5.77 billion, a decrease of $45.5 million, or 0.8%, primarily due to a decline in multifamily mortgage loans [6][18] - Deposits were $5.63 billion, down $43.3 million, or 0.8%, driven by declines in interest-bearing demand deposits and CDs [6][18] Asset Quality - Non-performing assets increased to $64.6 million, or 0.84% of total assets, from $45.6 million, or 0.59% of total assets, primarily due to a single construction loan [16] - Net charge-offs totaled $1.0 million, or 0.07% of average loans, compared to $49,000 in the previous quarter [16] Capital and Equity - Book value per share increased by $0.08, or 0.7%, to $11.63, while tangible book value per share rose by $0.09, or 0.9%, to $9.86 [16][19] - The company's tangible equity to tangible assets ratio was 8.47%, with regulatory capital ratios exceeding the levels required to be classified as "well-capitalized" [16][18]

I N V E S T O R P R E S E N T A T I O N F I R S T Q U A R T E R F I S C A L 2 0 2 6 October 23, 2025 Forward Looking Statements & Financial Measures 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-looking statements are subject to risks and uncertainties, such as statements of the Company's plans, objectives ...

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Core Points - The Annual Meeting of Stockholders of Kearny Financial Corp. is being conducted virtually, with participation from the Board of Directors and executive team [1][2][3] - Craig Montanaro serves as the President, CEO, and Chairperson of the meeting, welcoming attendees and expressing appreciation for their participation [2][3] - The meeting includes a formal acknowledgment of key personnel, including the Corporate Secretary and representatives from various firms [4] Meeting Conduct - Attendees are instructed to follow rules of conduct available on the meeting portal, with a Q&A feature for submitting written questions related to business matters [5]