Kearny Financial Corp. Partners with The Lab Consulting to Accelerate Operational Efficiency and Drive Shareholder Value

Rhea-AI Summary

Kearny Financial Corp. (NASDAQ: KRNY) has announced a strategic partnership with The Lab Consulting to enhance operational efficiency and drive shareholder value. The collaboration focuses on implementing automation, AI, and process improvements across the bank's operations.

The multi-phase transformation program includes Robotic Process Automation (RPA), AI-enabled document processing, workflow orchestration, and data-driven insights through real-time KPI dashboards. The initiative aims to streamline operations, reduce expenses, and improve client experience while ensuring secure integration with core banking systems.

The program is expected to deliver operational improvements within the first year of implementation, focusing on cost optimization, revenue generation opportunities, and enhanced employee engagement.

Positive

• Implementation of RPA and AI expected to reduce operational costs and improve efficiency
• Program designed to increase revenue-generating opportunities
• Expected operational improvements within first year of implementation
• Strategic focus on cost optimization and scalable growth

Negative

• Significant investment in consulting and technology implementation required
• Potential short-term disruption during transformation process

News Market Reaction

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-0.15% News Effect

On the day this news was published, KRNY declined 0.15%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

FAIRFIELD, N.J., Sept. 30, 2025 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ: KRNY) (the “Company”), a performance-driven financial institution committed to sustainable growth and innovation, today announced a strategic partnership with The Lab Consulting, a leading provider of process improvement and automation solutions for the financial services industry.

This initiative is designed to enhance operational efficiency, boost workforce productivity, and elevate the client experience—while delivering measurable value to shareholders through cost optimization and scalable growth.

“Operational agility and client-centricity are critical to our long-term success,” said Craig Montanaro, President & CEO of Kearny Financial Corp. “Our partnership with The Lab Consulting is a strategic investment in our future—one that will allow us to streamline operations, empower our teams, and deliver stronger returns for our stakeholders.”

Consulting Engagement Highlights

The Lab Consulting will deploy a proven, multi-phase innovation methodology tailored for financial institutions seeking efficient, sustainable transformation:

• Automation & AI: Implement Robotic Process Automation (RPA) and AI-enabled document processing to eliminate manual, repetitive tasks and accelerate workflows.
• Workflow Orchestration: Leverage existing industry leading automation platforms to integrate processes across departments and systems.
• Data-Driven Insights: Deploy advanced tracking of key performance indicators (KPIs) through dashboards with real-time visibility into performance metrics.
• Client Experience Optimization: Redesign client-facing processes to improve speed, accuracy, and satisfaction.
• Core System Integration: Ensure all automation solutions integrate securely with Kearny’s core banking and client relationship management (CRM) platforms.
• Sustainable Change Management: Provide knowledge transfer and best practices to ensure long-term adoption and continuous improvement.

The program is expected to deliver operational improvements within the first year of implementation, with long-term benefits including reduced operating expenses, increased capacity for revenue-generating opportunities, improved employee engagement, and strengthened competitive positioning.

“By combining process mapping, RPA, AI-enabled intelligent document processing, and advanced analytics, we’re enabling Kearny Financial Corp. to achieve rapid, scalable improvements in efficiency and client service,” said Chris Wilds, Director of Automation of The Lab Consulting.

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About Kearny Financial Corp.

Kearny Financial Corp. (NASDAQ: KRNY) is the parent company of Kearny Bank which operates from its administrative headquarters in Fairfield, New Jersey, and a total of 43 retail branch offices located throughout northern and central New Jersey and Brooklyn and Staten Island, New York.  At June 30, 2025, Kearny Financial Corp. had approximately $7.7 billion in total assets.

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.

Investor Relations Contact:
Sean Byrnes
Executive Vice President & Chief Financial Officer
Kearny Financial Corp.
sbyrnes@kearnybank.com | (973) 244-4500
www.kearnybank.com

About The Lab Consulting

The Lab is a leading provider of process and data standardization for white-collar work, or “knowledge work.” Since 1993, The Lab has helped organizations around the world implement improvements that reclaim capacity, preserve margin, and increase sales.

Contact:
Christopher Wilds
Director of Automation
The Lab Consulting
cwilds@thelabconsulting.com | (201) 526-1200
www.thelabconsulting.com

FAQ

What is the purpose of Kearny Financial's partnership with The Lab Consulting?

The partnership aims to enhance operational efficiency, boost workforce productivity, and improve client experience through automation, AI implementation, and process improvements, ultimately driving shareholder value.

How will KRNY implement automation and AI in their operations?

KRNY will implement Robotic Process Automation (RPA) and AI-enabled document processing to eliminate manual tasks, along with workflow orchestration and real-time KPI tracking dashboards.

When will Kearny Financial see results from this operational transformation?

The program is expected to deliver operational improvements within the first year of implementation, including reduced operating expenses and increased revenue-generating opportunities.

What are the key components of KRNY's transformation program?

The program includes automation & AI implementation, workflow orchestration, data-driven insights, client experience optimization, core system integration, and sustainable change management.

How will this partnership benefit KRNY shareholders?

Shareholders are expected to benefit from reduced operating expenses, increased revenue opportunities, improved operational efficiency, and strengthened competitive positioning in the market.