Welcome to our dedicated page for Oceanfirst Finl news (Ticker: OCFC), a resource for investors and traders seeking the latest updates and insights on Oceanfirst Finl stock.
Oceanfirst Financial Corp (OCFC) maintains its position as a trusted community banking partner through strategic financial services and local market expertise. This news hub provides investors and stakeholders with essential updates about the New Jersey-based institution's operations and market activities.
Access official press releases, earnings reports, and regulatory filings alongside analysis of strategic initiatives. Track developments in residential mortgage offerings, commercial lending programs, and community-focused banking services that define OCFC's market approach.
Key updates include quarterly financial results, leadership announcements, branch network expansions, and regulatory compliance milestones. The curated collection serves as a reliable resource for understanding the bank's performance within the competitive Northeast banking landscape.
For ongoing monitoring of Oceanfirst's market position and community impact, bookmark this page for timely updates. Regular visitors gain insight into how OCFC balances traditional banking values with modern financial service demands.
OceanFirst Financial Corp. (NASDAQ:OCFC) reported Q2 2025 net income of $16.2 million, or $0.28 per diluted share, down from $23.4 million ($0.40/share) year-over-year. Core earnings were $17.7 million ($0.31/share).
Key highlights include 2% annualized loan growth of $59.8 million, with commercial and industrial loans growing by $131.7 million. The commercial loan pipeline reached a record high of $790.8 million, up 111% from the previous quarter. Net interest margin improved to 2.91% from 2.71% year-over-year.
The company launched Premier Banking in April, securing 200 new relationships and $115 million in new deposits. The Board declared its 114th consecutive quarterly dividend of $0.20 per share. During Q2, OCFC repurchased 1,003,550 shares and redeemed all preferred stock for $57.4 million.
OceanFirst Financial Corp. (NASDAQ:OCFC) has announced a new 2025 Stock Repurchase Program, authorizing the repurchase of up to 3 million shares, representing approximately 5% of its outstanding common stock. This program is additional to the company's existing 2021 Stock Repurchase Program.
Chairman and CEO Christopher D. Maher emphasized that the program reflects the company's confidence in OceanFirst shares as a compelling investment opportunity, while maintaining flexibility for organic growth, strategic initiatives, and shareholder returns.
OceanFirst Financial Corp. (NASDAQ:OCFC) has scheduled its Q2 2025 earnings conference call for July 25, 2025, at 11:00 a.m. Eastern Time. The company will release its earnings report for the quarter ended June 30, 2025, on Thursday, July 24, 2025, after market close.
OceanFirst Bank N.A., the company's subsidiary founded in 1902, is a $13.3 billion regional bank operating throughout New Jersey and major metropolitan areas from Massachusetts to Virginia. The bank provides commercial and residential financing, treasury management, trust and asset management, and deposit services.
OceanFirst Financial Corp. (NASDAQ:OCFC) reported Q1 2025 net income of $20.5 million, or $0.35 per diluted share, down from $27.7 million ($0.47/share) year-over-year and $20.9 million ($0.36/share) in the previous quarter.
Key highlights include:
- Net interest margin increased to 2.90% from 2.69% in the linked quarter
- Net interest income rose by $3.3 million to $86.7 million
- Commercial and industrial loans grew by $95.1 million (6.1%)
- Commercial loan pipeline increased 90% to $375.6 million
- Provision for credit losses was $5.3 million
The company declared its 113th consecutive quarterly cash dividend of $0.20 per share, payable May 16, 2025. Additionally, 36 commercial bankers joined OceanFirst this year, strengthening their commercial banking platform.
OceanFirst Financial Corp (NASDAQ:OCFC) has announced its Q1 2025 earnings release schedule. The company will release its financial results for the quarter ended March 31, 2025, on Thursday, April 24, 2025, after market close. A conference call discussing the quarterly performance will be held on Friday, April 25, 2025, at 11:00 a.m. Eastern Time.
OceanFirst Bank, founded in 1902, operates as a $13.4 billion regional bank providing financial services throughout New Jersey and major metropolitan areas from Massachusetts to Virginia. The bank offers commercial and residential financing, treasury management, trust and asset management, and deposit services.
OceanFirst Financial Corp. (NASDAQ: OCFC) has announced the complete redemption of its 7.00% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A. The redemption will occur on May 15, 2025, involving all 57,370 outstanding shares at a redemption price of $1,000 per share.
The redemption includes 2,294,800 depositary shares, each representing a 1/40th interest in a preferred stock share, which will be redeemed at $25 per share. The previously declared dividend payment will be paid to holders of record prior to the redemption.
According to Patrick Barrett, Senior Executive Vice President and CFO, the company's strong capital and liquidity positions enable them to pay off higher-cost liabilities, aligning with their balance sheet optimization strategy.
OceanFirst Financial Corp. (NASDAQ:OCFC) reported Q4 2024 net income of $20.9 million ($0.36 per diluted share), down from $26.7 million ($0.46 per share) in Q4 2023. For the full year 2024, net income was $96.0 million ($1.65 per share), compared to $100.0 million ($1.70 per share) in 2023.
Key Q4 2024 highlights include: net interest margin increased to 2.69% from 2.67%, loan growth of $95.9 million (4% annualized), and total deposits remained stable at $10.1 billion. The company declared its 112th consecutive quarterly cash dividend of $0.20 per share.
The company's capital position remains strong with an estimated common equity tier one capital ratio of 11.2%. Total assets decreased to $13.42 billion from $13.54 billion year-over-year, while total loans decreased to $10.12 billion from $10.19 billion.
OceanFirst Financial Corp (NASDAQ: OCFC) has announced a quarterly cash dividend for its Series A Preferred Stock. The company will pay $0.4375 per depositary share, representing 1/40th interest in the Series A Preferred Stock. The dividend is scheduled for payment on February 17, 2025, to stockholders of record as of January 31, 2025.
OceanFirst Bank N.A., the company's subsidiary founded in 1902, operates as a regional bank providing financial services throughout New Jersey and major metropolitan areas between Massachusetts and Virginia. The bank offers commercial and residential financing, treasury management, trust and asset management, and deposit services.
OceanFirst Financial Corp. (NASDAQ:OCFC) has scheduled its Q4 2024 earnings release for January 23, 2025, after market close. The company will host a conference call on January 24, 2025, at 11:00 a.m. Eastern Time to discuss quarterly performance highlights.
A replay of the call will be available until February 21, 2025, and can be accessed via phone or through the company's website. OceanFirst Bank, the company's subsidiary founded in 1902, operates as a $13.5 billion regional bank providing financial services throughout New Jersey and major metropolitan markets including Philadelphia, New York, Baltimore, and Boston. The bank offers commercial and residential financing, treasury management, trust and asset management, and deposit services.
OceanFirst Financial Corp and its subsidiary OceanFirst Bank N.A. have received first-time investment grade ratings from Moody's Ratings. The Bank received deposit ratings of A3/Prime-2, while the holding company received an issuer rating of Baa3. OceanFirst Bank, founded in 1902, is a $13.5 billion regional bank operating throughout New Jersey and major metropolitan areas between Massachusetts and Virginia. The company has maintained investment grade ratings from Kroll Bond Rating Agency since 2016, with only 1% of U.S. banks receiving Moody's Investment Grade rating.
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