Kearny Financial Corp. is a Maryland corporation that serves as the holding company for Kearny Bank, a nonmember New Jersey chartered savings bank. The company conducts no significant business of its own and derives its operations from the bank, which attracts deposits from the public and uses those funds to originate or purchase loans for its portfolio and for sale into the secondary market. Kearny Bank also maintains a portfolio of investment securities consisting primarily of U. S. agency mortgage backed securities, municipal obligations, corporate bonds, asset backed securities and collateralized loan obligations. The bank operates from its administrative headquarters in Fairfield, New Jersey and maintains a network of branches throughout New Jersey and New York.

The company generates revenue primarily from interest income earned on its loan and investment securities portfolios. Additional revenue comes from service charges on deposit accounts, fees from loan origination and sales, and income from wealth management and related services offered through its subsidiaries. The bank’s focus on relationship banking and core deposit gathering supports a stable base of low cost funding that enhances net interest margin.

Kearny Financial Corp. operates as a community bank within the highly competitive banking markets of northern New Jersey and the New York City boroughs of Kings and Richmond. It competes with larger national banks, regional banks and numerous other thrift and credit unions that have greater resources and broader product arrays. Despite this competition the company differentiates itself through a relationship centric approach, strong capital ratios and a diversified loan mix that emphasizes multifamily and commercial real estate lending. Regulatory capital ratios remained well above required levels with the bank’s common equity tier 1 ratio at 13.61% and the holding company’s ratio at 14.49% as of June 30, 2025, providing a buffer against economic downturns.

The bank serves individuals, families, small and mid size businesses, nonprofit organizations and government entities. Deposit relationships are sourced mainly from the local communities where branches are situated, while loan relationships extend to borrowers in New Jersey, New York and surrounding states.