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OceanFirst Financial Corp. reports recurring developments as the bank holding company for OceanFirst Bank N.A., a regional bank founded in 1902. Company news centers on quarterly operating performance, earnings conference calls, common stock dividends, and board actions affecting capital returns.
OceanFirst Bank provides financial services throughout New Jersey and major metropolitan areas from Massachusetts through Virginia. Its updates reflect commercial and residential financing, treasury management, trust and asset management, deposit services, governance matters, and other capital-structure disclosures tied to a regional banking business.
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.
OceanFirst Financial Corp. (NASDAQ:OCFC) will release its earnings for Q1 2022 on April 28, 2022, post-market close. A conference call to discuss the results is scheduled for April 29, 2022, at 11:00 a.m. ET. Interested stakeholders can join the call by dialing 1-844-200-6205, using access code 956037. A replay will be available until July 29, 2022. OceanFirst Bank, a regional financial institution, has total assets of $11.7 billion and provides a range of services across New Jersey and metropolitan areas.
OceanFirst Financial Corp. (NASDAQ:OCFC) announced the retirement of CFO Michael J. Fitzpatrick, effective June 1, 2022. Patrick S. Barrett, who has extensive experience in financial services, will succeed him starting June 2, 2022. Fitzpatrick has been a crucial part of the company for nearly 30 years, contributing to significant achievements like the company’s IPO and multiple acquisitions. Barrett joins the firm after serving as CFO at First Midwest Bancorp, Inc., bringing a wealth of experience. Fitzpatrick will assist in the transition and will continue as a consultant.