Oceanfirst Finl Corp Stock Price, News & Analysis

OceanFirst Financial (NASDAQ:OCFC) and Flushing Financial (NASDAQ:FFIC) agreed to an all-stock merger and a concurrent $225 million equity investment from Warburg Pincus, creating a combined bank with ~$23 billion in assets, ~$17 billion in loans and ~$18 billion in deposits across 71 branches.

The deal values Flushing at $579 million (based on OceanFirst's Dec 26, 2025 close of $19.76). OceanFirst will issue shares to Flushing (0.85x per Flushing share) and sell ~9.7M common shares plus non-voting common-equivalent and warrants to Warburg Pincus.

Projected 2027 metrics: EPS accretion ~16%, ROATCE ~13%, ROAA ~1.00%, and tangible book dilution ~6% earned back in ~3 years. Closing expected Q2 2026, subject to approvals.

OceanFirst Financial Corp (Nasdaq: OCFC) priced a public offering of $185.0 million aggregate principal amount of 6.375% Fixed-to-Floating Rate Subordinated Notes due 2035. Interest is 6.375% per annum through Nov 15, 2030, then resets to a floating rate expected to be 3-month Term SOFR + 307.5 bp from Feb 15, 2031. The Notes are intended to qualify as Tier 2 capital. The offering is expected to close on Oct 29, 2025, subject to customary conditions, with estimated net proceeds of approximately $181.9 million. The company intends to use proceeds to repay indebtedness, including redeeming its 5.25% subordinated notes due May 15, 2030, support subsidiary growth initiatives and for general corporate purposes.

OceanFirst Financial (NASDAQ:OCFC) reported Q3 2025 net income available to common stockholders of $17.3M ($0.30 diluted), down from $24.1M ($0.42) year-over-year and up from $16.2M ($0.28) sequentially. Nine-month net income was $54.0M ($0.94), down from $75.1M ($1.29) a year earlier. Key metrics: net interest income $90.7M, NIM 2.91%, total loans +$372.9M (14% annualized), total deposits $10.4B. The quarter included $4.1M restructuring charges for outsourcing residential loan originations and title, with ~$8M additional charges next quarter, an expected 11% workforce reduction and anticipated annual savings of $14M. The board declared a quarterly cash dividend of $0.20 per share payable November 14, 2025.

OceanFirst Financial Corp (NASDAQ:OCFC) will release results for the quarter ended September 30, 2025 on Wednesday, October 22, 2025 after market close. Management will host an earnings conference call on Thursday, October 23, 2025 at 8:00 AM ET.

Dial-in: 1-833-470-1428 (access code 969824); replay available from one hour after the call until October 31, 2025 at 1-866-813-9403 (access code 865080). Live listen-only webcast at www.oceanfirst.com - Investor Relations. OceanFirst Bank N.A., founded 1902, is a regional bank with $13.3 billion in assets serving the Northeast.

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.