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) announced it will release its earnings for the quarter ended December 31, 2022, on January 19, 2023, after market close. Management will discuss the fourth quarter's performance during a conference call on January 20, 2023, at 11:00 a.m. ET. The call can be accessed via a toll-free number or online. OceanFirst Bank, the company's subsidiary, is a regional bank with $12.7 billion in assets, serving New Jersey and major metropolitan areas. The bank provides a range of financial services, including commercial and residential financing.
OceanFirst Financial Corp. (NASDAQ:OCFC) and Partners Bancorp (NASDAQ:PTRS) have mutually agreed to terminate their merger agreement originally announced on November 4, 2021. This decision follows a thorough evaluation by both companies' boards of directors regarding the merger's progress. Neither party will incur a termination fee, and each will cover its own expenses incurred thus far. OceanFirst Financial Corp. operates a regional bank serving major metropolitan areas, while Partners Bancorp comprises The Bank of Delmarva and Virginia Partners Bank, focusing on community banking.
OceanFirst Financial Corp. (NASDAQ: OCFC) reported a robust net income of $37.6 million, or $0.64 per diluted share for Q3 2022, up from $28.0 million ($0.47/share) in Q2 2022, and $23.2 million ($0.39/share) in Q3 2021. For the nine months ending September 30, 2022, net income reached $90.3 million ($1.53/share), a rise from $84.4 million ($1.41/share) year-over-year. Key metrics included a net interest margin of 3.36% and a loan growth of $293.9 million for the quarter. The company declared a quarterly cash dividend of $0.20 per share, marking its 103rd consecutive payment.
OceanFirst Financial Corp. (NASDAQ: OCFC) has declared a quarterly cash dividend of $0.4375 per share for its Series A Preferred Stock. This dividend will be payable on November 15, 2022 to stockholders of record as of October 31, 2022. OceanFirst Bank, a subsidiary founded in 1902, provides various financial services throughout New Jersey and major metropolitan areas including Philadelphia, New York, Baltimore, and Boston. The company is recognized as one of the largest community-based banks in New Jersey.
OceanFirst Financial Corp. (NASDAQ:OCFC) will release its earnings for Q3 2022 on October 24, 2022, after market close. A conference call is scheduled for October 25, 2022, at 11:00 a.m. ET to discuss the operating performance highlights. Founded in 1902, OceanFirst Bank is a $12.4 billion regional bank serving New Jersey and metropolitan areas including Philadelphia and New York, offering various financial services. Replay options for the call will be available after the event.
OceanFirst Financial Corp. (NASDAQ: OCFC) reported a net income of $28.0 million, or $0.47 per diluted share, for Q2 2022, down from $29.6 million or $0.49 in Q2 2021. For the first half of 2022, net income was $52.7 million, or $0.89 per share, down from $61.2 million or $1.02 year-on-year. The company increased net interest income by $6.6 million to $90.8 million, with a net interest margin of 3.29%. The board approved an 18% dividend increase to $0.20 per share.
OceanFirst Financial Corp. (NASDAQ: OCFC) has declared a quarterly cash dividend of $0.4375 per share for its Series A Preferred Stock. This dividend will be payable on August 15, 2022, to stockholders of record by July 29, 2022. OceanFirst Bank N.A., established in 1902, offers a range of financial services across New Jersey and major metropolitan areas, including Philadelphia and New York.
OceanFirst Financial Corp. (NASDAQ:OCFC) is set to release its earnings for the quarter ending June 30, 2022, on July 28, 2022, after market close. A conference call to discuss the results will take place on July 29, 2022, at 11:00 a.m. ET. Interested parties can join via telephone or listen online. OceanFirst Bank, its subsidiary, serves major metropolitan areas including New Jersey and Philadelphia, holding assets of $12.2 billion.
Forward-looking statements within the release highlight potential challenges due to economic and regulatory factors.
OceanFirst Financial Corp. (NASDAQ: OCFC) reported Q1 2022 net income of $24.8 million, or $0.42 per diluted share, down from $31.7 million, or $0.53 per diluted share, in Q1 2021. Core earnings increased to $28.8 million ($0.49 per diluted share) from $26.5 million ($0.44) year-over-year. The company experienced significant loan growth of $486.1 million and a net interest margin rise to 3.18%. Total operating expenses decreased to $57.5 million. The Board declared its 101st consecutive quarterly cash dividend of $0.17 per share. Total assets climbed to $12.16 billion.
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