Financial Data and Key Metrics Changes - As of September 30, 2025, the company reported a market capitalization of $425 million, total assets of $7.7 billion, loans of $5.8 billion, deposits of $5.7 billion, and capital of $700 million [9] - The tangible book value per share was reported at $9.77 [9] - Net interest income (NII) increased from $32 million to nearly $36 million, with net interest margin growing from 1.8% to 2% [12][10] - Pre-tax, pre-provision net revenue rose from approximately $7.2 million in the first quarter to $9.9 million by the fourth quarter, while pre-tax, pre-provision EPS per share increased from $0.12 to $0.16 [13] Business Line Data and Key Metrics Changes - The company is focusing on organic growth and cross-selling within its existing client base, aiming to deepen wallet share [15] - The investment services group has generated total sales of $486 million and gross revenue of $8.7 million, with assets under management at $369 million [20] Market Data and Key Metrics Changes - The company operates 43 branches across 12 counties in New Jersey and New York, with plans to close three branches, resulting in a network of 40 branches [9][10] - The company is positioned to benefit from a declining cost of funds and a more favorable yield curve, which is expected to enhance overall net income [10][17] Company Strategy and Development Direction - The company is shifting from a defensive posture to an offensive strategy focused on organic expansion and technology integration [10] - There is a strong emphasis on operational efficiency through technology, including the launch of an AI chatbot and a new HR timekeeping application for small and medium-sized businesses [11][12] - The company aims to strengthen core deposits and improve profitability through disciplined cost management and technology adoption [16][18] Management's Comments on Operating Environment and Future Outlook - Management highlighted the challenges posed by an inverted yield curve and high Fed Funds rates but expressed optimism about returning to growth [10] - The focus will be on relationship banking, optimizing loan portfolio performance, and enhancing community engagement [15][16] - The company is well-positioned for earnings growth in a declining rate environment due to its liability-sensitive structure [17] Other Important Information - The company has a strong track record of credit performance, with cumulative charge-offs of $39.8 million over nearly 20 years [14] - The company has been recognized for its investment services, ranking in the top 4% nationwide in gross revenue among peer institutions [21] Q&A Session Summary Question: Qualifications of elected directors - The qualifications of the directors being elected were addressed, with details available in the proxy statement [7][8] Question: Future growth strategies - Management discussed the focus on organic growth, technology integration, and enhancing client engagement as key strategies moving forward [15][16]

Financial Data and Key Metrics Changes - As of September 30, 2025, the company reported a market capitalization of $425 million, total assets of $7.7 billion, loans of $5.8 billion, deposits of $5.7 billion, and capital of $700 million [9] - The tangible book value per share was reported at $9.77 [9] - Net interest income (NII) increased from $32 million to nearly $36 million, with net interest margin growing from 1.8% to 2% [12][10] Business Line Data and Key Metrics Changes - The company is focusing on organic growth and has launched several technology initiatives, including an AI chatbot and a virtual agent for client transactions [11][12] - The investment services group has generated total sales of $486 million and gross revenue of $8.7 million, with assets under management at $369 million [20][21] Market Data and Key Metrics Changes - The company operates 43 branches across 12 counties in New Jersey and New York, with plans to close three branches, resulting in a network of 40 branches [9][10] - Kearny Financial is ranked as the 10th largest financial institution in the state in terms of deposits [9] Company Strategy and Development Direction - The company is shifting from a defensive posture to an offensive strategy focused on organic expansion and deepening client relationships [10][15] - There is a strong emphasis on technology to improve operational efficiency and client service, with ongoing investments in AI and automation [18][19] Management's Comments on Operating Environment and Future Outlook - Management highlighted the challenges posed by an inverted yield curve and high Fed Funds rates but expressed optimism about improved margins and net income as conditions normalize [10][11] - The focus will be on strengthening core deposits and enhancing operational efficiency through technology [16][17] Other Important Information - The company has a disciplined approach to mergers and acquisitions, having completed seven successful transactions since 1999 [10] - The company has maintained strong credit performance with minimal charge-offs over the years [14] Q&A Session Summary Question: Qualifications of elected directors - The qualifications of the directors were outlined in the proxy statement, confirming their suitability for election [7][8] Question: Future growth strategies - Management discussed the focus on organic growth, cross-selling, and enhancing client engagement through technology [15][16]

Financial Data and Key Metrics Changes - The company's market capitalization as of September 30, 2025, was $425 million, with total assets of $7.7 billion, loans amounting to $5.8 billion, deposits of $5.7 billion, and capital of $700 million [12][13] - The tangible book value per share was reported at $9.77 [12] - Net interest margin increased from 1.8% at the beginning of 2025 to approximately 2%, with net interest income rising from $32 million to nearly $36 million [19] Business Line Data and Key Metrics Changes - The company is focusing on organic growth and enhancing client relationships, aiming to deepen wallet share and optimize loan portfolio performance [23][24] - The investment services group has generated total sales of $486 million and gross revenue of $8.7 million, with assets under management at $369 million [33] Market Data and Key Metrics Changes - The company ranks as the tenth largest financial institution in terms of deposits in its operating states, New Jersey and New York [14] - The company has a minimal exposure to New York City office and rent-regulated multifamily properties, which is a fraction of its portfolio [26] Company Strategy and Development Direction - The company is shifting from a defensive posture to an offensive strategy focused on organic expansion and technology integration [16][24] - There is an emphasis on operational efficiency through technology, including the launch of an AI chatbot and a new HR timekeeping application [17][24][28] - The company plans to continue diversifying its lending and optimizing branch operations while enhancing community engagement [25] Management's Comments on Operating Environment and Future Outlook - Management highlighted the challenges posed by the inverted yield curve and high Fed fund rates but expressed optimism about improved margins and net income as conditions normalize [16][26] - The focus will be on strengthening core deposits and acquiring deposit-gathering teams to support growth [24] Other Important Information - The company has successfully completed seven M&A transactions since 1999, demonstrating a disciplined acquisition strategy [14] - The company has received advisory approval for its executive compensation and ratified the appointment of Crow LLP as its independent auditor for the fiscal year ending June 30, 2026 [36][37] Q&A Session Summary Question: Qualifications of elected directors - The qualifications and bios of the elected directors were referenced in the proxy statement, specifically on page seven [10]

Financial Data and Key Metrics Changes - As of September 30, 2025, the company reported a market capitalization of $425 million, total assets of $7.7 billion, loans of $5.8 billion, deposits of $5.7 billion, and capital of $700 million [9] - The tangible value per share was reported at $9.77, with net interest income (NII) growing from $32 million to nearly $36 million over the fiscal year [12][10] - The net interest margin increased from 1.8% to approximately 2%, reflecting a positive trend in earnings growth [12] Business Line Data and Key Metrics Changes - The company is focusing on organic growth and has launched several technology initiatives, including an AI chatbot and a virtual agent for client transactions [11][12] - The investment services group has generated total sales of $486 million and gross revenue of $8.7 million, with assets under management at $369 million [19][20] Market Data and Key Metrics Changes - The company operates 43 branches across 12 counties in New Jersey and New York, with plans to close three branches, resulting in a network of 40 branches [9][10] - Kearny Financial is ranked as the 10th largest financial institution in the state by deposits, indicating a strong market presence [9] Company Strategy and Development Direction - The company is shifting from a defensive posture to an offensive strategy focused on organic expansion and enhancing client relationships [10][15] - There is a strong emphasis on technology to improve operational efficiency and client service, with ongoing investments in automation and AI [17][18] Management's Comments on Operating Environment and Future Outlook - Management highlighted the challenges posed by an inverted yield curve and high Fed Funds rates but expressed optimism about improved margins and net income as conditions normalize [10][16] - The focus will be on strengthening core deposits and optimizing loan portfolio performance, with a commitment to relationship banking [15][16] Other Important Information - The company has a disciplined approach to mergers and acquisitions, having completed seven successful transactions since 1999 [10] - The advisory non-binding proposal to approve executive compensation received majority approval, indicating shareholder support for management [22] Q&A Session Summary Question: Qualifications of elected directors - The qualifications of the directors were outlined in the proxy statement, confirming their suitability for election [6][7]