Kearny Financial 8-K Regulation FD Disclosure

2012 Investor Presentation

Forward-Looking Statements

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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 involve risks and uncertainties, such as statements of the Company’s plans,
objectives, expectations, estimates and intentions that are subject to change based on various important factors (some
of which are beyond the Company’s control).In addition to the factors described under Item 1A. Risk Factors in the
Company’s Annual Report on Form 10-K, the following factors, among others, could cause the Company’s financial
performance to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such
forward-looking statements:

•the strength of the United States economy in general and the strength of the local economy in
which the Company conducts operations,

•the effects of and changes in, trade, monetary and fiscal policies and laws, including interest rate
policies of the Board of Governors of the Federal Reserve System, inflation, interest rates, market
and monetary fluctuations,

•the impact of changes in financial services laws and regulations (including laws concerning
taxation, banking, securities and insurance),

•changes in accounting policies and practices, as may be adopted by regulatory agencies, the
Financial Accounting Standards Board (“FASB”) or the Public Company Accounting Oversight
Board,

•technological changes.

•competition among financial services providers and,

•the success of the Company at managing the risks involved in the foregoing and managing its
business.

The Company cautions that the foregoing list of important factors is not exclusive. The Company does not
undertake 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.

•Kearny is committed to meeting the financial needs of the
individuals, businesses, and communities we serve throughout
Northern and Central New Jersey.

•By providing a superior level of service, we hope to earn your
long-term loyalty and become your financial partner for many
years to come. Whether it is a loan request, information on a
deposit product or assistance with one of our other financial
services, we pledge to respond quickly, professionally and in a
manner that puts your needs first.

•We value and respect our customers and employees and will
strive to maintain an environment within which employees will
want to work and customers will want to bank.

Overview

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Mission statement

•Founded in 1884

•4th Largest publicly traded mutual holding company

•Market capitalization ($617 million)

Company Overview

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Note: Financial data as of June 30, 2012; Market data as of November 5, 2012

§Conservative savings bank

§Seasoned acquirer and integrator

§Experienced New Jersey residentialreal estate lender

§Solid financial condition

§Conservative and well-capitalized balance sheet

Kearny Financial Corp. Background

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Who we were prior to stock issuance

§Progressive community bank

§Seasoned acquirer and integrator

§Experienced New Jersey residential, commercialand SBA real estate lender

§Stable financial condition

§Well-capitalized balance sheet

Kearny Financial Corp. Background

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Who we are today

Kearny Financial Corp. Background

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Growth through strategic mergers & acquisitions

Seller	Completed	Type	Assets ($000)	Branches
1st Bergen Bancorp	3/31/1999	Thrift	300,755	4
Pulaski Bancorp, Inc. MHC	10/18/2002	Thrift	237,596	6
West Essex Bancorp	7/1/2003	Thrift	390,333	8
Central Jersey Bancorp	11/30/2010	Bank	571,295	13

§Acquire niche talent

§Expand geographic diversity

§Grow market share

§Acquire new business lines

§Leverage capital / second step?

Deposit Franchise

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Kearny has a meaningful deposit franchise in Northern & Central New Jersey

(1)Defined as New York-Northern New Jersey-Long Island MSA. Deposit Market Share data as of June 30, 2012

Source: SNL Financial

§8th largest New
Jersey based
deposit
franchise

§$53.1 million in
average
deposits per
branch

§41 branch
locations across
9 counties
throughout
Northern and
Central New
Jersey

§$2.17 billion in
deposits as of
June 30, 2012

Deposit Market Demographics

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…with the ability to attract customers from across Northern & Central New Jersey

(1)Defined as the New York-Northern New Jersey-Long Island MSA.

(2)Defined as banks with assets less than $10 billion in the New York MSA with headquarters in NY or NJ

Note: Deposit market share data as of June 30, 2012

Source: SNL Financial

§Attractive markets part of largest MSA in the U.S.

§Median household incomes well above national median

§Household income poised to grow

§Opportunities still exist for growth in the market place

Kearny Financial Corp.

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Deposit composition and strategies

Source: SNL Financial, Company Filings

Deposits - June 30, 2012

•Internal Strategies

§Refocused retail staff to a more customer-centric approach

§Implemented leadership and relationship banking training

§Upgraded branch facilities to improve customer experience

•Results

§Growth in core deposit balances continues

§Increase in demand and NOW accounts

Deposits - June 30, 2006

•Significant shift in loan portfolio mix

•Strong growth in CRE & Multifamily category

•Strategically shrinking Consumer and 1-4 Family categories

Kearny Financial Corp.

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Composition of loan portfolio

•Desire to expand upon expertise in commercial real estate, multifamily, and
SBA lending

§Hired additional commercial lending personnel to improve market share

§Implement business development officer call program to work collaboratively with
retail branch network to develop small business deposit, loan, and merchant business
relationships

•Rationale for commercial lending over residential lending

§Commercial lending offers opportunity to lend at higher yields

§Relationship based commercial lending requires borrower to establish meaningful
deposits

•Recent Developments

§Stronger volumes

§Better mix

§Expanded small business product line

Kearny Financial Corp.

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Organic loan growth strategies

•The economic crisis had a modest impact on the Bank’s asset quality metrics.
The following activities were implemented:

§Enhanced credit risk management process through stress testing

§Tightened credit underwriting standards on certain asset classes

§Enhanced annual loan review process

§Developed focused loan workout approach to maximize recovery of non performing
assets

Kearny Financial Corp.

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Asset quality

Kearny Financial Corp.

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NPA / Assets trend

(1)All MHCs that are publicly traded

(2)The group is comprised of publicly traded banks and thrifts

Source: SNL Financial

•Modest level of NPAs compared to industry

•NPAs improving over the last two quarters

•Asset quality improvement expected as real estate market firms

NPAs / Assets

Industry Comparison:NPAs / Assets

Kearny Financial Corp.

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Summary income statement

(1)Excludes loss on sale and write down of REO

(2)All MHCs that are publicly traded

(3)The group is comprised of publicly traded banks and thrifts

Source: SNL Financial, Company Financial Statements

•On June 22, 2012 the Company announced suspension of its dividend

•As a result of the Dodd-Frank Act and the elimination of the OTS, our new regulator has
taken a different approach with regard to the use of a dividend waiver under regulation
MM

•Use of the waiver would require the holding company to annually solicit approval of
dividends from the mutual members

•Solicitation costs ($300,000 - $600,000) with no guarantee of approval by mutual members
or regulator

•Paying dividends without the use of the waiver would require Kearny Financial Corp. to
pay dividends to KearnyMHC at the same rate paid to all public stockholders.This
would result in the payment of over $2.5 million to Kearny MHC each quarter

•Kearny MHC would incur significant tax liabilityon the receipt of this dividend income
and a shift in ownership to the MHC would occur over time

•Company continues to lobby for regulatory relief on this issue while still focusing on
buybacks as a part of its long term capital management strategy

Kearny Financial Corp.

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Dividend policy

•Repurchase summary

§Kearny has authorized 7 separate repurchase plans retiring 5.8 million shares since
2005 IPO

§Over the past 3 months, we have repurchased 65,900 shares at a total cost of
$643,843

§Management considers the estimated second step value of the shares when
determining repurchase levels

§KRNY currently trading between 75%-80% of fully converted tangible book value

Kearny Financial Corp.

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Repurchase activity

•Attract and develop stronger customer relationships with a strategic focus on
small and middle market businesses

•Enhance current product offerings and business services

•Focus on tactical cost controls while redirecting excess resources to support
market share expansion

•Opportunistically deploy excess capital

•Develop or acquire fee income based business lines

•Continue to actively manage balance sheet reallocating securities portfolio in
loan assets

Kearny Financial Corp.

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Strategic focus - 2013