Welcome to our dedicated page for OceanFirst Financial news (Ticker: $OCFC), a resource for investors and traders seeking the latest updates and insights on OceanFirst Financial stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect OceanFirst Financial's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of OceanFirst Financial's position in the market.
Rhea-AI Summary
OceanFirst Financial Corp. reported net income of $27.7 million for the first quarter of 2024, with core earnings decreasing to $25.6 million. The company focused on stabilizing net interest margin, capital accretion, expense management, and maintaining strong asset quality. The Board declared quarterly cash dividends for common and preferred stockholders. Key financial metrics improved from the prior year, but core earnings and core diluted earnings per share declined.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.04%
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Rhea-AI Summary
OceanFirst Financial Corp. (OCFC) will release its earnings report for the quarter ended March 31, 2024, on April 18, 2024. A conference call will follow on April 19, 2024, to discuss the Company's quarterly performance highlights.
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Rhea-AI Sentiment
End-of-Day
5.88%
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Rhea-AI Summary
OceanFirst Financial Corp. (OCFC) to present at Raymond James & Associates’ 45th Annual Institutional Investors Conference, providing updated investor materials.
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Rhea-AI Sentiment
End-of-Day
-2.55%
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Rhea-AI Summary
OceanFirst Financial Corp. (OCFC) reported a decrease in net income available to common stockholders for the quarter and year ended December 31, 2023, compared to the prior year. Selected performance metrics showed a decline in return on average assets, stockholders' equity, and tangible equity. Core earnings and core earnings before income taxes and provision for credit losses decreased, while non-interest expenses remained relatively flat. The company's Board of Directors declared its 108th consecutive quarterly cash dividend on common stock and a quarterly cash dividend on preferred stock. The company's Chairman and CEO commented positively on the results and future prospects.
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Rhea-AI Sentiment
End-of-Day
6.22%
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Rhea-AI Summary
OceanFirst Financial Corp. (NASDAQ:OCFC) will release its Q4 2023 earnings on January 18, 2024, and conduct a conference call on January 19, 2024. OceanFirst Bank, with a $13.5 billion asset size, provides financial services in New Jersey, Philadelphia, New York, Baltimore, and Boston.
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Rhea-AI Sentiment
End-of-Day
1.53%
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Rhea-AI Summary
OceanFirst Financial Corp. reports net income of $19.7 million for Q3 2023, a decrease compared to the same period last year. Deposit growth and strong capital position are highlighted.
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Rhea-AI Sentiment
End-of-Day
-0.79%
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OceanFirst Financial Corp. to issue Q3 earnings release on October 19, 2023 after market close. Conference call to discuss highlights on October 20, 2023 at 11:00 a.m. ET.
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OceanFirst Financial Corp. appoints three new members to its Board of Directors, enhancing geographic and industry knowledge and improving diversity.
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Rhea-AI Sentiment
End-of-Day
-0.2%
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Rhea-AI Summary
OceanFirst Financial Corp. (NASDAQ:OCFC) reported net income of $26.8 million, or $0.45 per diluted share, for Q2 2023, compared to $28.0 million, or $0.47 per diluted share, in the same period last year. For the six months ended June 30, 2023, net income was $53.7 million, or $0.91 per diluted share, compared to $52.7 million, or $0.89 per diluted share, in the prior year period. Return on average assets was 0.80% for Q2 2023, compared to 0.92% in Q2 2022. Efficiency ratio was 62.28% in Q2 2023, compared to 59.65% in Q2 2022.
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Rhea-AI Sentiment
End-of-Day
-3.23%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.86%
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OceanFirst Financial Corp
Nasdaq:OCFC
OCFC Rankings
OCFC Stock Data
908.65M
56.67M
3.2%
71.37%
2.21%
Savings Institutions
Finance and Insurance
United States of America
TOMS RIVER
About OCFC
when oceanfirst bank opened in 1902, our founders believed in the future of our growing local community. they wanted to help their neighbors realize the dream of owning a home. just as we were there over a century ago, we're still here today, helping families throughout central and southern new jersey with all of their financial needs during every stage of life. children are learning the importance of saving with oceanfirst kidsavesmart accounts. newlyweds are buying a first home to start their families with an oceanfirst mortgage. families can finance the education of the next generation with a home equity line of credit. and people secure their future with oceanfirst accounts that help them to prepare for retirement. with branches conveniently located throughout central and southern new jersey, there's always an oceanfirst banking expert close by, ready to lend a hand and help you realize your dreams, during every stage of your life.