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 (NASDAQ: OCFC) is the holding company for OceanFirst Bank N.A., a regional bank serving business and retail customers throughout New Jersey and the major metropolitan areas between Massachusetts and Virginia. As a savings institution focused on loans and deposits, the company regularly issues detailed updates on its financial performance, capital actions, and strategic initiatives, making OCFC news relevant for investors who follow regional banks and community-based financial institutions.
On this page, readers can review news items such as quarterly and annual earnings releases, where OceanFirst reports net income, net interest income, net interest margin, credit loss provisions, and non-interest income and expense. These releases often include commentary on loan and deposit growth, commercial and industrial lending activity, residential mortgage strategies, and changes in funding costs. The company also discusses non-GAAP measures like core earnings and pre-tax, pre-provision results in its financial communications.
OceanFirst news also covers corporate actions and capital management, including stock repurchase programs, preferred stock redemptions, and subordinated debt offerings intended to qualify as Tier 2 capital. In addition, the company publishes announcements about strategic transactions, such as the definitive merger agreement with Flushing Financial Corporation and the related equity investment agreement with affiliates of funds managed by Warburg Pincus LLC.
Investors and analysts can use this news feed to track OceanFirst’s operating trends, credit quality commentary, and updates on the proposed merger and capital initiatives. Regularly reviewing OCFC news can help users understand how the company describes its performance, balance sheet changes, and regional growth plans over time.
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.
Summary not available.
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.
OceanFirst Financial Corp. (NASDAQ: OCFC) has declared a quarterly cash dividend of $0.4375 per share for its Series A Preferred Stock depositary shares. This dividend is payable on May 16, 2022 to stockholders of record as of April 29, 2022. OceanFirst Bank N.A., the company's subsidiary, provides a range of financial services across New Jersey and major metropolitan areas, including Philadelphia and New York.
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