Exhibit 99.1

FOR IMMEDIATE RELEASE

October 23, 2025

For further information contact:

Keith Suchodolski, Senior Executive Vice President and Chief Operating Officer, or

Sean Byrnes, Executive Vice President and Chief Financial Officer

Kearny Financial Corp.

(973) 244-4500

KEARNY FINANCIAL CORP. ANNOUNCES FIRST QUARTER FISCAL 2026 RESULTS

AND DECLARATION OF CASH DIVIDEND

Fairfield, N.J., October 23, 2025 – 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, 2025 of $9.5 million, or $0.15 per diluted share, compared to $6.8 million, or $0.11 per diluted share, for the quarter ended June 30, 2025.

The Company also announced that its Board of Directors has declared a quarterly cash dividend of $0.11 per share, payable on November 19, 2025, to stockholders of record as of November 5, 2025.

Craig L. Montanaro, President and Chief Executive Officer, commented, “We are pleased to report a strong quarter that underscores our continued momentum in profitability growth. Net interest margin expansion of 10 basis points, in conjunction with solid credit quality and well-controlled expenses, led to a 36% quarter-over-quarter increase in earnings per share. Our proactive balance sheet management, combined with the expected tailwinds from anticipated reductions in the federal funds rate, positions us well for sustained performance in the quarters ahead.”

Mr. Montanaro continued, “Strategically, we advanced several key initiatives designed to enhance operational efficiency and drive shareholder value. The launch of our partnership with The Lab Consulting—a leading provider of end-to-end robotic process automation—represents a key milestone in our efforts to elevate the client experience and scale revenue efficiently. Additionally, the execution of our previously announced branch consolidations enables us to reallocate capital toward higher-return opportunities, reinforcing our commitment to long-term growth and value creation.”

First Quarter Highlights

•Net interest margin expanded by 10 basis points to 2.10%, while net interest income increased 5.2% to $37.7 million.

•Net income per share increased 36.4% to $0.15 per diluted share, and pre-tax, pre-provision earnings per share increased 18.8% to $0.19 per diluted share.

•The Company continued its loan portfolio diversification efforts, growing construction and commercial business loans by 26.8% and 10.2%, respectively, on an annualized basis.

•The Company is consolidating three branches as part of an optimization of its real estate footprint, streamlining to 40 locations by October 2025.

•In September 2025, the Company entered into a strategic partnership with The Lab Consulting to deploy advanced automation and analytics, designed to enhance operational efficiency, elevate client service, and deliver shareholder value.

Balance Sheet

•Total assets were $7.65 billion at September 30, 2025, a decrease of $92.4 million, or 1.2%, from June 30, 2025.

•Investment securities totaled $1.13 billion at September 30, 2025, consistent with the balance reported at June 30, 2025.

•Loans receivable totaled $5.77 billion at September 30, 2025, a decrease of $45.5 million, or 0.8%, from June 30, 2025, primarily reflecting a decrease in multifamily mortgage loans, partially offset by increases in construction and commercial and industrial loans.

•Deposits were $5.63 billion at September 30, 2025, a decrease of $43.3 million, or 0.8%, from June 30, 2025. This decrease was primarily driven by declines in interest bearing demand deposits and certificates of deposits (“CDs”).

•Borrowings were $1.21 billion at September 30, 2025, a decrease of $50.0 million, or 4.0%, from June 30, 2025, reflecting reductions in Federal Home Loan Bank (“FHLB”) advances.

1

•At September 30, 2025, the Company maintained available secured borrowing capacity with the FHLB and the Federal Reserve Discount Window of $2.54 billion, representing 33.2% of total assets.

Earnings

Net Interest Income and Net Interest Margin

•Net interest margin expanded by 10 basis points to 2.10% for the quarter ended September 30, 2025. The increase for the quarter was primarily driven by improved asset yields and reductions in borrowings, partially offset by lower average balances on interest-earning assets and higher costs on interest-bearing liabilities.

•For the quarter ended September 30, 2025, net interest income increased $1.9 million to $37.7 million from $35.8 million for the quarter ended June 30, 2025. Included in net interest income for the quarters ended September 30, 2025 and June 30, 2025, respectively, was purchase accounting accretion of $601,000 and $511,000, and loan prepayment penalty income of $490,000 and $217,000.

Non-Interest Income

•For the quarter ended September 30, 2025, non-interest income increased $856,000, or 17.2%, to $5.8 million from $5.0 million for the quarter ended June 30, 2025, primarily driven by a non-recurring pre-tax gain of $749,000 on the sale of property held for sale in the current period. Excluding this item, non-interest income increased $107,000, or 2.1%, to $5.1 million for the quarter ended September 30, 2025.

•Fees and service charges increased $237,000, or 36.2%, to $892,000 for the quarter ended September 30, 2025 from $655,000 for the quarter ended June 30, 2025. The increase primarily reflected higher deposit and branch related fee income.

•Income from BOLI decreased $180,000, or 6.3%, to $2.7 million for the quarter ended September 30, 2025 from $2.9 million for the quarter ended June 30, 2025, primarily driven by the absence of $223,000 in non-recurring payments recorded in the prior period. No such non-recurring items were recorded in the current period.

Non-Interest Expense

•For the quarter ended September 30, 2025, non-interest expense increased $773,000, or 2.5%, to $31.7 million from $30.9 million for the quarter ended June 30, 2025, primarily driven by increases in salary and benefits and net occupancy, partially offset by declines in federal deposit insurance premiums and other expense.

•Salary and benefits expense increased $652,000 to $18.7 million for the quarter ended September 30, 2025 from $18.1 million for the quarter ended June 30, 2025, primarily driven by annual merit increases and higher non-recurring payroll taxes of $185,000 associated with annual incentive compensation.

•Net occupancy expense of premises increased $487,000 to $3.3 million for the quarter ended September 30, 2025 from $2.8 million for the quarter ended June 30, 2025, primarily driven by a non-recurring pre-tax expense of $250,000 associated with our previously announced branch consolidations and non-recurring branch maintenance expenses of $102,000. Excluding these items, net occupancy expense of premises increased $135,000 to $3.0 million, primarily driven by higher repairs and other maintenance expenses.

•Federal deposit insurance premium expense decreased $94,000 to $1.3 million for the quarter ended September 30, 2025 from $1.4 million for the quarter ended June 30, 2025, primarily driven by higher capital ratios.

•Other expense decreased $163,000 to $3.5 million for the quarter September 30, 2025 from $3.6 million for the quarter ended June 30, 2025, primarily driven the absence of non-recurring professional fees incurred in the prior period, partially offset by elevated fraud losses in the current period. The remaining 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 $2.5 million for the quarter ended September 30, 2025 compared to $1.4 million for the quarter ended June 30, 2025, resulting in an effective tax rate of 20.6% and 17.0%, respectively. The increase in income tax expense was due to higher pre-tax income in the current quarter coupled with the tax cost associated with the vesting of certain stock-based compensation awards.

2

Asset Quality

•The balance of non-performing assets increased to $64.6 million, or 0.84% of total assets, at September 30, 2025 from $45.6 million, or 0.59% of total assets, at June 30, 2025. The increase was driven by a single construction loan that became 90 days past due but remains on accrual status. The loan is secured by collateral under contract for sale, with all covenants satisfied and a loan-to-sale price ratio of 72%. No provision for credit losses related to this loan was recorded as of September 30, 2025, as full repayment is expected upon completion of the sale.

•Net charge-offs totaled $1.0 million, or 0.07% of average loans, on an annualized basis, for the quarter ended September 30, 2025, compared to $49,000, or less than 0.01% of average loans, on an annualized basis, for the quarter ended June 30, 2025. The net charge-offs recorded for the quarter ended September 30, 2025 were primarily driven by a wholesale commercial and industrial (“C&I”) loan, representing the final wholesale C&I loan in the portfolio. This charge-off had previously been individually reserved for within the allowance for credit losses (“ACL”).

•For the quarter ended September 30, 2025, the Company recorded a reversal of credit losses of $82,000, compared to a provision for credit losses of $1.8 million for the quarter ended June 30, 2025. The reversal for the quarter ended September 30, 2025 was largely driven by decreases in the balance of loans receivable, partially offset by qualitative risk factor adjustments.

•The ACL was $45.1 million, or 0.78% of total loans, at September 30, 2025, a decrease of $1.1 million from $46.2 million, or 0.79% of total loans, at June 30, 2025. The decrease in the ACL from June 30, 2025 was largely attributable to a reduction in reserves for individually evaluated loans, resulting from the charge-offs noted above.

Capital

•For the quarter ended September 30, 2025, book value per share increased $0.08, or 0.7%, to $11.63 while tangible book value per share increased $0.09, or 0.9%, to $9.86.

•At September 30, 2025, total stockholders’ equity included after-tax net unrealized losses on securities available for sale of $71.5 million, partially offset by after-tax unrealized gains on derivatives of $3.1 million. After-tax net unrecognized losses on securities held to maturity of $8.4 million were not reflected in total stockholders’ equity.

•At September 30, 2025, the Company’s tangible equity to tangible assets ratio equaled 8.47% and the regulatory capital ratios of both the Company and the Bank were in excess of the levels required by federal banking regulators to be classified as “well-capitalized” under regulatory guidelines.

This earnings release should be read in conjunction with Kearny Financial Corp.’s Q1 2026 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

3

Linked-Quarter Comparative Financial Analysis

Kearny Financial Corp.

Consolidated Balance Sheets

(Unaudited)

(Dollars and Shares in Thousands, Except Per Share Data)			September 30, 2025			June 30, 2025			Variance or Change			Variance or Change Pct.
Assets
Cash and cash equivalents			$	130,139		$	167,269		$	(37,130)		-22.2		%
Securities available for sale			1,016,182			1,012,969			3,213			0.3		%
Securities held to maturity			116,681			120,217			(3,536)			-2.9		%
Loans held-for-sale			6,650			5,931			719			12.1		%
Loans receivable			5,767,419			5,812,937			(45,518)			-0.8		%
Less: allowance for credit losses on loans			(45,060)			(46,191)			(1,131)			-2.4		%
Net loans receivable			5,722,359			5,766,746			(44,387)			-0.8		%
Premises and equipment			43,222			43,897			(675)			-1.5		%
Federal Home Loan Bank stock			62,011			64,261			(2,250)			-3.5		%
Accrued interest receivable			29,460			28,098			1,362			4.8		%
Goodwill			113,525			113,525			—			—		%
Core deposit intangible			1,317			1,436			(119)			-8.3		%
Bank owned life insurance			307,248			304,717			2,531			0.8		%
Deferred income taxes, net			51,587			55,203			(3,616)			-6.6		%
Other assets			47,629			56,181			(8,552)			-15.2		%
Total assets			$	7,648,010		$	7,740,450		$	(92,440)		-1.2		%
Liabilities
Deposits:
Non-interest-bearing			$	578,481		$	582,045		$	(3,564)		-0.6		%
Interest-bearing			5,053,401			5,093,172			(39,771)			-0.8		%
Total deposits			5,631,882			5,675,217			(43,335)			-0.8		%
Borrowings			1,206,497			1,256,491			(49,994)			-4.0		%
Advance payments by borrowers for taxes			19,261			19,317			(56)			-0.3		%
Other liabilities			37,166			43,463			(6,297)			-14.5		%
Total liabilities			6,894,806			6,994,488			(99,682)			-1.4		%
Stockholders' Equity
Common stock			648			646			2			0.3		%
Paid-in capital			494,490			494,546			(56)			0.0		%
Retained earnings			344,287			341,744			2,543			0.7		%
Unearned ESOP shares			(18,484)			(18,970)			486			2.6		%
Accumulated other comprehensive loss			(67,737)			(72,004)			4,267			5.9		%
Total stockholders' equity			753,204			745,962			7,242			1.0		%
Total liabilities and stockholders' equity			$	7,648,010		$	7,740,450		$	(92,440)		-1.2		%
Consolidated capital ratios
Equity to assets			9.85		%	9.64		%	0.21		%
Tangible equity to tangible assets (1)			8.47		%	8.27		%	0.20		%
Share data
Outstanding shares			64,739			64,577			162			0.3		%
Book value per share			$	11.63		$	11.55		$	0.08		0.7		%
Tangible book value per share (2)			$	9.86		$	9.77		$	0.09		0.9		%

_________________________

(1)Tangible equity equals total stockholders' equity reduced by goodwill and core deposit intangible assets. Tangible assets equals total assets reduced by goodwill and core deposit intangible assets.

(2)Tangible book value equals total stockholders' equity reduced by goodwill and core deposit intangible assets.

4

Kearny Financial Corp.

Consolidated Statements of Income

(Unaudited)

(Dollars and Shares in Thousands, Except Per Share Data)			Three Months Ended						Variance or Change			Variance or Change Pct.
			September 30, 2025			June 30, 2025
Interest income
Loans			$	68,349		$	66,485		$	1,864		2.8		%
Taxable investment securities			12,600			12,322			278			2.3		%
Tax-exempt investment securities			41			49			(8)			-16.3		%
Other interest-earning assets			1,518			1,549			(31)			-2.0		%
Total interest income			82,508			80,405			2,103			2.6		%
Interest expense
Deposits			33,931			33,607			324			1.0		%
Borrowings			10,873			10,955			(82)			-0.7		%
Total interest expense			44,804			44,562			242			0.5		%
Net interest income			37,704			35,843			1,861			5.2		%
(Reversal of) provision for credit losses			(82)			1,785			(1,867)			-104.6		%
Net interest income after (reversal of) provision for credit losses			37,786			34,058			3,728			10.9		%
Non-interest income
Fees and service charges			892			655			237			36.2		%
Gain on sale of loans			199			190			9			4.7		%
Income from bank owned life insurance			2,689			2,869			(180)			-6.3		%
Electronic banking fees and charges			416			442			(26)			-5.9		%
Other income			1,651			835			816			97.7		%
Total non-interest income			5,847			4,991			856			17.2		%
Non-interest expense
Salaries and employee benefits			18,745			18,093			652			3.6		%
Net occupancy expense of premises			3,307			2,820			487			17.3		%
Equipment and systems			3,974			4,030			(56)			-1.4		%
Advertising and marketing			562			615			(53)			-8.6		%
Federal deposit insurance premium			1,301			1,395			(94)			-6.7		%
Directors' compensation			307			307			—			—		%
Other expense			3,470			3,633			(163)			-4.5		%
Total non-interest expense			31,666			30,893			773			2.5		%
Income before income taxes			11,967			8,156			3,811			46.7		%
Income taxes			2,461			1,387			1,074			77.4		%
Net income			$	9,506		$	6,769		$	2,737		40.4		%
Net income per common share (EPS)
Basic			$	0.15		$	0.11		$	0.04
Diluted			$	0.15		$	0.11		$	0.04
Dividends declared
Cash dividends declared per common share			$	0.11		$	0.11		$	—
Cash dividends declared			$	6,963		$	6,946		$	17
Dividend payout ratio			73.2		%	102.6		%	-29.4		%
Weighted average number of common shares outstanding
Basic			62,741			62,597			144
Diluted			62,951			62,755			196

5

Kearny Financial Corp.

Average Balance Sheet Data

(Unaudited)

(Dollars in Thousands)			Three Months Ended						Variance or Change			Variance or Change Pct.
			September 30, 2025			June 30, 2025
Assets
Interest-earning assets:
Loans receivable, including loans held for sale			$	5,806,767		$	5,830,421		$	(23,654)		-0.4		%
Taxable investment securities			1,236,705			1,227,825			8,880			0.7		%
Tax-exempt investment securities			6,856			8,039			(1,183)			-14.7		%
Other interest-earning assets			115,776			117,622			(1,846)			-1.6		%
Total interest-earning assets			7,166,104			7,183,907			(17,803)			-0.2		%
Non-interest-earning assets			453,215			454,975			(1,760)			-0.4		%
Total assets			$	7,619,319		$	7,638,882		$	(19,563)		-0.3		%
Liabilities and Stockholders' Equity
Interest-bearing liabilities:
Deposits:
Interest-bearing demand			$	2,343,809		$	2,342,523		$	1,286		0.1		%
Savings			754,244			754,192			52			0.0		%
Certificates of deposit (retail)			1,211,026			1,215,661			(4,635)			-0.4		%
Certificates of deposit (brokered)			755,813			744,345			11,468			1.5		%
Total interest-bearing deposits			5,064,892			5,056,721			8,171			0.2		%
Borrowings:
Federal Home Loan Bank advances			1,077,146			1,083,902			(6,756)			-0.6		%
Other borrowings			85,489			107,582			(22,093)			-20.5		%
Total borrowings			1,162,635			1,191,484			(28,849)			-2.4		%
Total interest-bearing liabilities			6,227,527			6,248,205			(20,678)			-0.3		%
Non-interest-bearing liabilities:
Non-interest-bearing deposits			581,625			582,085			(460)			-0.1		%
Other non-interest-bearing liabilities			65,024			64,405			619			1.0		%
Total non-interest-bearing liabilities			646,649			646,490			159			0.0		%
Total liabilities			6,874,176			6,894,695			(20,519)			-0.3		%
Stockholders' equity			745,143			744,187			956			0.1		%
Total liabilities and stockholders' equity			$	7,619,319		$	7,638,882		$	(19,563)		-0.3		%
Average interest-earning assets to average interest-bearing liabilities			115.07		%	114.98		%	0.09		%	0.1		%

6

Kearny Financial Corp.

Performance Ratio Highlights

(Unaudited)

			Three Months Ended						Variance or Change
			September 30, 2025			June 30, 2025
Average yield on interest-earning assets:
Loans receivable, including loans held for sale			4.71		%	4.56		%	0.15		%
Taxable investment securities			4.08		%	4.01		%	0.07		%
Tax-exempt investment securities (1)			2.42		%	2.43		%	-0.01		%
Other interest-earning assets			5.24		%	5.27		%	-0.03		%
Total interest-earning assets			4.61		%	4.48		%	0.13		%
Average cost of interest-bearing liabilities:
Deposits:
Interest-bearing demand			2.63		%	2.63		%	—		%
Savings			1.41		%	1.33		%	0.08		%
Certificates of deposit (retail)			3.56		%	3.56		%	—		%
Certificates of deposit (brokered)			2.67		%	2.62		%	0.05		%
Total interest-bearing deposits			2.68		%	2.66		%	0.02		%
Borrowings:
Federal Home Loan Bank advances			3.69		%	3.60		%	0.09		%
Other borrowings			4.44		%	4.45		%	-0.01		%
Total borrowings			3.74		%	3.68		%	0.06		%
Total interest-bearing liabilities			2.88		%	2.85		%	0.03		%
Interest rate spread (2)			1.73		%	1.62		%	0.11		%
Net interest margin (3)			2.10		%	2.00		%	0.10		%
Non-interest income to average assets (annualized)			0.31		%	0.26		%	0.05		%
Non-interest expense to average assets (annualized)			1.66		%	1.62		%	0.04		%
Efficiency ratio (4)			72.71		%	75.66		%	-2.95		%
Return on average assets (annualized)			0.50		%	0.35		%	0.15		%
Return on average equity (annualized)			5.10		%	3.64		%	1.46		%
Return on average tangible equity (annualized) (5)			6.09		%	4.36		%	1.73		%

_________________________

(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 equals total average stockholders’ equity reduced by average goodwill and average core deposit intangible assets.

7

Five-Quarter Financial Trend Analysis

Kearny Financial Corp.

Consolidated Balance Sheets

(Dollars and Shares in Thousands, Except Per Share Data)			September 30, 2025			June 30, 2025			March 31, 2025			December 31, 2024			September 30, 2024
			(Unaudited)			(Audited)			(Unaudited)			(Unaudited)			(Unaudited)
Assets
Cash and cash equivalents			$	130,139		$	167,269		$	126,095		$	141,554		$	155,574
Securities available for sale			1,016,182			1,012,969			1,003,393			1,018,279			1,070,811
Securities held to maturity			116,681			120,217			124,859			127,266			132,256
Loans held-for-sale			6,650			5,931			6,187			5,695			8,866
Loans receivable			5,767,419			5,812,937			5,846,175			5,791,758			5,784,246
Less: allowance for credit losses on loans			(45,060)			(46,191)			(44,455)			(44,457)			(44,923)
Net loans receivable			5,722,359			5,766,746			5,801,720			5,747,301			5,739,323
Premises and equipment			43,222			43,897			44,192			45,127			45,189
Federal Home Loan Bank stock			62,011			64,261			62,261			64,443			57,706
Accrued interest receivable			29,460			28,098			28,521			27,772			29,467
Goodwill			113,525			113,525			113,525			113,525			113,525
Core deposit intangible			1,317			1,436			1,554			1,679			1,805
Bank owned life insurance			307,248			304,717			303,629			301,339			300,186
Deferred income taxes, net			51,587			55,203			52,913			53,325			50,131
Other assets			47,629			56,181			64,292			84,080			67,540
Total assets			$	7,648,010		$	7,740,450		$	7,733,141		$	7,731,385		$	7,772,379
Liabilities
Deposits:
Non-interest-bearing			$	578,481		$	582,045		$	587,118		$	601,510		$	592,099
Interest-bearing			5,053,401			5,093,172			5,120,230			5,069,550			4,878,413
Total deposits			5,631,882			5,675,217			5,707,348			5,671,060			5,470,512
Borrowings			1,206,497			1,256,491			1,213,976			1,258,949			1,479,888
Advance payments by borrowers for taxes			19,261			19,317			19,981			17,986			17,824
Other liabilities			37,166			43,463			43,723			38,537			52,618
Total liabilities			6,894,806			6,994,488			6,985,028			6,986,532			7,020,842
Stockholders' Equity
Common stock			648			646			646			646			646
Paid-in capital			494,490			494,546			494,131			494,092			493,523
Retained earnings			344,287			341,744			341,921			342,155			342,522
Unearned ESOP shares			(18,484)			(18,970)			(19,457)			(19,943)			(20,430)
Accumulated other comprehensive loss			(67,737)			(72,004)			(69,128)			(72,097)			(64,724)
Total stockholders' equity			753,204			745,962			748,113			744,853			751,537
Total liabilities and stockholders' equity			$	7,648,010		$	7,740,450		$	7,733,141		$	7,731,385		$	7,772,379
Consolidated capital ratios
Equity to assets			9.85		%	9.64		%	9.67		%	9.63		%	9.67		%
Tangible equity to tangible assets (1)			8.47		%	8.27		%	8.31		%	8.27		%	8.31		%
Share data
Outstanding shares			64,739			64,577			64,580			64,580			64,580
Book value per share			$	11.63		$	11.55		$	11.58		$	11.53		$	11.64
Tangible book value per share (2)			$	9.86		$	9.77		$	9.80		$	9.75		$	9.85

_________________________

(1)Tangible equity equals total stockholders' equity reduced by goodwill and core deposit intangible assets. Tangible assets equals total assets reduced by goodwill and core deposit intangible assets.

(2)Tangible book value equals total stockholders' equity reduced by goodwill and core deposit intangible assets.

8

Kearny Financial Corp.

Supplemental Balance Sheet Highlights

(Unaudited)

(Dollars in Thousands)			September 30, 2025			June 30, 2025			March 31, 2025			December 31, 2024			September 30, 2024
Loan portfolio composition:
Commercial loans:
Multi-family mortgage			$	2,640,737		$	2,709,654		$	2,733,406		$	2,722,623		$	2,646,187
Nonresidential mortgage			988,969			986,556			988,074			950,194			950,771
Commercial business			142,304			138,755			140,224			135,740			145,984
Construction			189,626			177,713			174,722			176,704			227,327
Total commercial loans			3,961,636			4,012,678			4,036,426			3,985,261			3,970,269
One- to four-family residential mortgage			1,749,362			1,748,591			1,761,465			1,765,160			1,768,230
Consumer loans:
Home equity loans			54,116			50,737			49,699			47,101			44,741
Other consumer			2,487			2,533			2,859			2,778			2,965
Total consumer loans			56,603			53,270			52,558			49,879			47,706
Total loans, excluding yield adjustments			5,767,601			5,814,539			5,850,449			5,800,300			5,786,205
Unaccreted yield adjustments			(182)			(1,602)			(4,274)			(8,542)			(1,959)
Loans receivable, net of yield adjustments			5,767,419			5,812,937			5,846,175			5,791,758			5,784,246
Less: allowance for credit losses on loans			(45,060)			(46,191)			(44,455)			(44,457)			(44,923)
Net loans receivable			$	5,722,359		$	5,766,746		$	5,801,720		$	5,747,301		$	5,739,323
Asset quality:
Nonperforming assets:
Accruing loans - 90 days and over past due			$	20,494		$	—		$	—		$	—		$	—
Nonaccrual loans			44,085			45,597			37,683			37,697			39,854
Total nonperforming loans			64,579			45,597			37,683			37,697			39,854
Nonaccrual loans held-for-sale			—			—			—			—			—
Other real estate owned			—			—			—			—			—
Total nonperforming assets			$	64,579		$	45,597		$	37,683		$	37,697		$	39,854
Nonperforming loans (% total loans)			1.12		%	0.78		%	0.64		%	0.65		%	0.69		%
Nonperforming assets (% total assets)			0.84		%	0.59		%	0.49		%	0.49		%	0.51		%
Classified loans			$	117,780		$	118,418		$	113,470		$	106,718		$	67,853
Allowance for credit losses on loans (ACL):
ACL to total loans			0.78		%	0.79		%	0.76		%	0.77		%	0.78		%
ACL to nonperforming loans			69.78		%	101.30		%	117.97		%	117.93		%	112.72		%
Net charge-offs			$	1,049		$	49		$	368		$	573		$	124
Average net charge-off rate (annualized)			0.07		%	0.00		%	0.03		%	0.04		%	0.01		%

9

Kearny Financial Corp.

Supplemental Balance Sheet Highlights

(Unaudited)

(Dollars in Thousands)			September 30, 2025			June 30, 2025			March 31, 2025			December 31, 2024			September 30, 2024
Funding composition:
Deposits:
Non-interest-bearing deposits			$	578,481		$	582,045		$	587,118		$	601,510		$	592,099
Interest-bearing demand			2,334,560			2,362,222			2,410,925			2,380,408			2,247,685
Savings			751,253			754,376			758,239			742,266			681,709
Certificates of deposit (retail)			1,208,408			1,218,920			1,218,479			1,213,887			1,215,746
Certificates of deposit (brokered)			759,180			757,654			732,587			732,989			733,273
Interest-bearing deposits			5,053,401			5,093,172			5,120,230			5,069,550			4,878,413
Total deposits			5,631,882			5,675,217			5,707,348			5,671,060			5,470,512
Borrowings:
Federal Home Loan Bank advances			1,006,497			1,106,491			1,028,976			1,028,949			1,209,888
Overnight borrowings			200,000			150,000			185,000			230,000			270,000
Total borrowings			1,206,497			1,256,491			1,213,976			1,258,949			1,479,888
Total funding			$	6,838,379		$	6,931,708		$	6,921,324		$	6,930,009		$	6,950,400
Loans as a % of deposits			101.7		%	101.7		%	101.8		%	101.4		%	105.1		%
Deposits as a % of total funding			82.4		%	81.9		%	82.5		%	81.8		%	78.7		%
Borrowings as a % of total funding			17.6		%	18.1		%	17.5		%	18.2		%	21.3		%
Uninsured deposits:
Uninsured deposits (reported) (1)			$	2,040,021		$	1,989,095		$	1,959,070		$	1,935,607		$	1,799,726
Uninsured deposits (adjusted) (2)			$	804,209		$	813,780		$	799,238		$	797,721		$	773,375

_________________________

(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, 2025			June 30, 2025			March 31, 2025			December 31, 2024			September 30, 2024
Interest income
Loans			$	68,349		$	66,485		$	64,768		$	65,408		$	66,331
Taxable investment securities			12,600			12,322			12,738			13,803			14,384
Tax-exempt investment securities			41			49			55			59			71
Other interest-earning assets			1,518			1,549			1,773			2,215			2,466
Total interest income			82,508			80,405			79,334			81,485			83,252
Interest expense
Deposits			33,931			33,607			34,912			36,721			35,018
Borrowings			10,873			10,955			10,380			12,152			15,788
Total interest expense			44,804			44,562			45,292			48,873			50,806
Net interest income			37,704			35,843			34,042			32,612			32,446
(Reversal of) provision for credit losses			(82)			1,785			366			107			108
Net interest income after (reversal of) provision for credit losses			37,786			34,058			33,676			32,505			32,338
Non-interest income
Fees and service charges			892			655			573			627			635
Gain on sale of loans			199			190			112			304			200
Income from bank owned life insurance			2,689			2,869			2,617			2,619			2,567
Electronic banking fees and charges			416			442			391			493			391
Other income			1,651			835			869			830			833
Total non-interest income			5,847			4,991			4,562			4,873			4,626
Non-interest expense
Salaries and employee benefits			18,745			18,093			17,700			17,579			17,498
Net occupancy expense of premises			3,307			2,820			3,075			2,831			2,798
Equipment and systems			3,974			4,030			3,921			3,892			3,860
Advertising and marketing			562			615			609			311			342
Federal deposit insurance premium			1,301			1,395			1,450			1,503			1,563
Directors' compensation			307			307			326			361			361
Other expense			3,470			3,633			3,309			3,084			3,364
Total non-interest expense			31,666			30,893			30,390			29,561			29,786
Income before income taxes			11,967			8,156			7,848			7,817			7,178
Income taxes			2,461			1,387			1,200			1,251			1,086
Net income			$	9,506		$	6,769		$	6,648		$	6,566		$	6,092
Net income per common share (EPS)
Basic			$	0.15		$	0.11		$	0.11		$	0.11		$	0.10
Diluted			$	0.15		$	0.11		$	0.11		$	0.10		$	0.10
Dividends declared
Cash dividends declared per common share			$	0.11		$	0.11		$	0.11		$	0.11		$	0.11
Cash dividends declared			$	6,963		$	6,946		$	6,933		$	6,933		$	6,896
Dividend payout ratio			73.2		%	102.6		%	104.3		%	105.6		%	113.2		%
Weighted average number of common shares outstanding
Basic			62,741			62,597			62,548			62,443			62,389
Diluted			62,951			62,755			62,713			62,576			62,420

11

Kearny Financial Corp.

Average Balance Sheet Data

(Unaudited)

			Three Months Ended
(Dollars in Thousands)			September 30, 2025			June 30, 2025			March 31, 2025			December 31, 2024			September 30, 2024
Assets
Interest-earning assets:
Loans receivable, including loans held-for-sale			$	5,806,767		$	5,830,421		$	5,805,045		$	5,762,053		$	5,761,593
Taxable investment securities			1,236,705			1,227,825			1,251,612			1,285,800			1,314,945
Tax-exempt investment securities			6,856			8,039			9,135			9,711			12,244
Other interest-earning assets			115,776			117,622			110,736			116,354			131,981
Total interest-earning assets			7,166,104			7,183,907			7,176,528			7,173,918			7,220,763
Non-interest-earning assets			453,215			454,975			457,206			459,982			467,670
Total assets			$	7,619,319		$	7,638,882		$	7,633,734		$	7,633,900		$	7,688,433
Liabilities and Stockholders' Equity
Interest-bearing liabilities:
Deposits:
Interest-bearing demand			$	2,343,809		$	2,342,523		$	2,405,974		$	2,314,378		$	2,282,608
Savings			754,244			754,192			751,243			711,801			668,240
Certificates of deposit (retail)			1,211,026			1,215,661			1,215,767			1,216,948			1,203,770
Certificates of deposit (brokered)			755,813			744,345			730,612			730,773			551,819
Total interest-bearing deposits			5,064,892			5,056,721			5,103,596			4,973,900			4,706,437
Borrowings:
Federal Home Loan Bank advances			1,077,146			1,083,902			1,028,958			1,085,455			1,325,583
Other borrowings			85,489			107,582			93,389			156,522			237,011
Total borrowings			1,162,635			1,191,484			1,122,347			1,241,977			1,562,594
Total interest-bearing liabilities			6,227,527			6,248,205			6,225,943			6,215,877			6,269,031
Non-interest-bearing liabilities:
Non-interest-bearing deposits			581,625			582,085			602,647			604,915			599,095
Other non-interest-bearing liabilities			65,024			64,405			59,919			65,258			69,629
Total non-interest-bearing liabilities			646,649			646,490			662,566			670,173			668,724
Total liabilities			6,874,176			6,894,695			6,888,509			6,886,050			6,937,755
Stockholders' equity			745,143			744,187			745,225			747,850			750,678
Total liabilities and stockholders' equity			$	7,619,319		$	7,638,882		$	7,633,734		$	7,633,900		$	7,688,433
Average interest-earning assets to average  interest-bearing liabilities			115.07		%	114.98		%	115.27		%	115.41		%	115.18		%

12

Kearny Financial Corp.

Performance Ratio Highlights

			Three Months Ended
			September 30, 2025			June 30, 2025			March 31, 2025			December 31, 2024			September 30, 2024
Average yield on interest-earning assets:
Loans receivable, including loans held-for-sale			4.71		%	4.56		%	4.46		%	4.54		%	4.61		%
Taxable investment securities			4.08		%	4.01		%	4.07		%	4.29		%	4.38		%
Tax-exempt investment securities (1)			2.42		%	2.43		%	2.43		%	2.42		%	2.32		%
Other interest-earning assets			5.24		%	5.27		%	6.40		%	7.62		%	7.47		%
Total interest-earning assets			4.61		%	4.48		%	4.42		%	4.54		%	4.61		%
Average cost of interest-bearing liabilities:
Deposits:
Interest-bearing demand			2.63		%	2.63		%	2.73		%	2.96		%	3.13		%
Savings			1.41		%	1.33		%	1.30		%	1.29		%	1.05		%
Certificates of deposit (retail)			3.56		%	3.56		%	3.73		%	4.06		%	4.12		%
Certificates of deposit (brokered)			2.67		%	2.62		%	2.58		%	2.70		%	2.18		%
Total interest-bearing deposits			2.68		%	2.66		%	2.74		%	2.95		%	2.98		%
Borrowings:
Federal Home Loan Bank advances			3.69		%	3.60		%	3.63		%	3.78		%	3.82		%
Other borrowings			4.44		%	4.45		%	4.41		%	4.88		%	5.28		%
Total borrowings			3.74		%	3.68		%	3.70		%	3.91		%	4.04		%
Total interest-bearing liabilities			2.88		%	2.85		%	2.91		%	3.15		%	3.24		%
Interest rate spread (2)			1.73		%	1.62		%	1.51		%	1.39		%	1.37		%
Net interest margin (3)			2.10		%	2.00		%	1.90		%	1.82		%	1.80		%
Non-interest income to average assets (annualized)			0.31		%	0.26		%	0.24		%	0.26		%	0.24		%
Non-interest expense to average assets (annualized)			1.66		%	1.62		%	1.59		%	1.55		%	1.55		%
Efficiency ratio (4)			72.71		%	75.66		%	78.72		%	78.86		%	80.35		%
Return on average assets (annualized)			0.50		%	0.35		%	0.35		%	0.34		%	0.32		%
Return on average equity (annualized)			5.10		%	3.64		%	3.57		%	3.51		%	3.25		%
Return on average tangible equity (annualized) (5)			6.09		%	4.36		%	4.28		%	4.21		%	3.89		%

_________________________

(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 equals total average stockholders’ equity reduced by average goodwill and average core deposit intangible assets.

13

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.

Kearny Financial Corp.

Reconciliation of GAAP to Non-GAAP

(Unaudited)

			Three Months Ended
(Dollars and Shares in Thousands, Except Per Share Data)			September 30, 2025			June 30, 2025			March 31, 2025			December 31, 2024			September 30, 2024
Adjusted net income:
Net income (GAAP)			$	9,506		$	6,769		$	6,648		$	6,566		$	6,092
Non-recurring transactions - net of tax:
Branch consolidation expenses			178			—			—			—			—
Gain on sale of property held for sale			(532)			—			—			—			—
Adjusted net income			$	9,152		$	6,769		$	6,648		$	6,566		$	6,092
Calculation of pre-tax, pre-provision net revenue:
Net income (GAAP)			$	9,506		$	6,769		$	6,648		$	6,566		$	6,092
Adjustments to net income (GAAP):
Provision for income taxes			2,461			1,387			1,200			1,251			1,086
(Reversal of) provision for credit losses			(82)			1,785			366			107			108
Pre-tax, pre-provision net revenue (non-GAAP)			$	11,885		$	9,941		$	8,214		$	7,924		$	7,286
Adjusted earnings per share:
Weighted average common shares - basic			62,741			62,597			62,548			62,443			62,389
Weighted average common shares - diluted			62,951			62,755			62,713			62,576			62,420
Earnings per share - basic (GAAP)			$	0.15		$	0.11		$	0.11		$	0.11		$	0.10
Earnings per share - diluted (GAAP)			$	0.15		$	0.11		$	0.11		$	0.10		$	0.10
Adjusted earnings per share - basic (non-GAAP)			$	0.15		$	0.11		$	0.11		$	0.11		$	0.10
Adjusted earnings per share - diluted (non-GAAP)			$	0.15		$	0.11		$	0.11		$	0.10		$	0.10
Pre-tax, pre-provision net revenue per share:
Pre-tax, pre-provision net revenue per share - basic   (non-GAAP)			$	0.19		$	0.16		$	0.13		$	0.13		$	0.12
Pre-tax, pre-provision net revenue per share - diluted   (non-GAAP)			$	0.19		$	0.16		$	0.13		$	0.13		$	0.12
Adjusted return on average assets:
Total average assets			$	7,619,319		$	7,638,882		$	7,633,734		$	7,633,900		$	7,688,433
Return on average assets (GAAP)			0.50		%	0.35		%	0.35		%	0.34		%	0.32		%
Adjusted return on average assets (non-GAAP)			0.48		%	0.35		%	0.35		%	0.34		%	0.32		%
Adjusted return on average equity:
Total average equity			$	745,143		$	744,187		$	745,225		$	747,850		$	750,678
Return on average equity (GAAP)			5.10		%	3.64		%	3.57		%	3.51		%	3.25		%
Adjusted return on average equity (non-GAAP)			4.91		%	3.64		%	3.57		%	3.51		%	3.25		%

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, 2025			June 30, 2025			March 31, 2025			December 31, 2024			September 30, 2024
Adjusted return on average tangible equity:
Total average equity			$	745,143		$	744,187		$	745,225		$	747,850		$	750,678
Less: average goodwill			(113,525)			(113,525)			(113,525)			(113,525)			(113,525)
Less: average other intangible assets			(1,395)			(1,513)			(1,636)			(1,761)			(1,886)
Total average tangible equity			$	630,223		$	629,149		$	630,064		$	632,564		$	635,267
Return on average tangible equity (non-GAAP)			6.09		%	4.36		%	4.28		%	4.21		%	3.89		%
Adjusted return on average tangible equity (non-GAAP)			5.87		%	4.36		%	4.28		%	4.21		%	3.89		%
Adjusted non-interest expense ratio:
Non-interest expense (GAAP)			$	31,666		$	30,893		$	30,390		$	29,561		$	29,786
Non-recurring transactions:
Branch consolidation expenses			(250)			—			—			—			—
Non-interest expense (non-GAAP)			$	31,416		$	30,893		$	30,390		$	29,561		$	29,786
Non-interest expense ratio (GAAP)			1.66		%	1.62		%	1.59		%	1.55		%	1.55		%
Adjusted non-interest expense ratio (non-GAAP)			1.65		%	1.62		%	1.59		%	1.55		%	1.55		%
Adjusted efficiency ratio:
Non-interest expense (non-GAAP)			$	31,416		$	30,893		$	30,390		$	29,561		$	29,786
Net interest income (GAAP)			$	37,704		$	35,843		$	34,042		$	32,612		$	32,446
Total non-interest income (GAAP)			5,847			4,991			4,562			4,873			4,626
Non-recurring transactions:
Gain on sale of property held for sale			(749)			—			—			—			—
Total revenue (non-GAAP)			$	42,802		$	40,834		$	38,604		$	37,485		$	37,072
Efficiency ratio (GAAP)			72.71		%	75.66		%	78.72		%	78.86		%	80.35		%
Adjusted efficiency ratio (non-GAAP)			73.40		%	75.66		%	78.72		%	78.86		%	80.35		%

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