Kearny Financial (KRNY) 8-K Declares Increased Quarterly Cash Dividend

Exhibit 99.1

FOR IMMEDIATE RELEASE

February 17, 2021

For further information contact:

Craig L. Montanaro, President and Chief Executive Officer, or

Keith Suchodolski, Executive Vice President and Chief Financial Officer

Kearny Financial Corp.

(973) 244-4500

KEARNY FINANCIAL CORP.

DECLARES INCREASED QUARTERLY CASH DIVIDEND

Fairfield, New Jersey, February 17, 2021 – Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), announced today that the Company’s Board of Directors has declared a quarterly cash dividend of $0.09 per share to stockholders of record as of March 3, 2021, payable on March 17, 2021.  This represents an increase of $0.01 from the prior quarter’s dividend of $0.08 per share.

About Kearny Financial Corp.

Kearny Financial Corp. is the parent company of Kearny Bank which operates from its administrative headquarters in Fairfield, New Jersey, and a total of 49 retail branch offices located throughout northern and central New Jersey and Brooklyn and Staten Island, New York.  At December 31, 2020, Kearny Financial Corp. had approximately $7.3 billion in total assets.

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