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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 . 1