1295664--9/13/2007--Kearny_Financial

related topics

{condition, economic, financial}

{stock, price, operating}

{provision, law, control}

{stock, price, share}

{interest, director, officer}

{competitive, industry, competition}

Changes in interest rates may adversely affect our net interest rate spread and net interest margin, which would hurt our earnings. Strong competition within our market area may limit our growth and profitability. Our business is geographically concentrated in New Jersey and a downturn in economic conditions within the state could adversely affect our profitability. Due to our minority stock offering, our return on equity compares unfavorably to other companies. This could negatively influence the price of our stock. The costs of our stock compensation plans are a significant expense and funding of the plans may dilute shareholders ownership interest in Kearny Financial Corp. Shareholders own a minority of Kearny Financial Corp. s common stock and are not able to exercise voting control over most matters put to a vote of stockholders. The Office of Thrift Supervision s policy on remutualization transactions could prohibit acquisition of Kearny Financial Corp., which may adversely affect our stock price.

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1295664--9/13/2007--Kearny_Financial_Corp.