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) reported net income of $29.6 million, or $0.49 per diluted share, for Q2 2021, up from $18.6 million or $0.31 per share in Q2 2020. For H1 2021, net income reached $61.2 million, or $1.02 per share, compared to $35.2 million or $0.58 per share in the previous year. The loan pipeline hit a record $628.6 million, while net interest income was $74 million, slightly increasing from the previous quarter. A quarterly dividend of $0.17 per share was declared. Key strategic focuses include commercial banking expansion and a successful core system upgrade.
OceanFirst Financial Corp. (NASDAQ: OCFC) has expanded its commercial banking team with the appointments of Daniel Griggs and Tom Crawford as Presidents for the Boston and Baltimore markets, respectively. Griggs aims to build a team to serve businesses in Massachusetts, while Crawford leads efforts in Maryland. Both executives bring over 30 years of banking experience. The strategic move is part of OceanFirst's plans to enhance its commercial banking presence in key Northeast markets, reflecting its commitment to providing tailored financial solutions.
OceanFirst Financial Corp. (NASDAQ: OCFC) announced a quarterly cash dividend of $0.4375 per share for each depositary share representing a 1/40th interest in its Series A Preferred Stock. This dividend is payable on August 16, 2021, to stockholders on record as of July 30, 2021.
Founded in 1902, OceanFirst Bank N.A., a subsidiary of OceanFirst Financial, operates in New Jersey and major metropolitan markets, offering various financial services, including residential and commercial financing.
OceanFirst Financial Corp. (NASDAQ:OCFC) will release its earnings for the quarter ended June 30, 2021, on July 29, 2021, after market close. A conference call will follow on July 30, 2021, at 11:00 a.m. ET to discuss the second quarter's performance. OceanFirst Bank, a $11.6 billion regional bank, operates in New Jersey and metropolitan areas of Philadelphia and New York City, offering commercial and residential financing, trust management, and deposit services.
OceanFirst Financial Corp. (NASDAQ: OCFC) announced the initiation of a 2021 Stock Repurchase Program, allowing the buyback of approximately 3,000,000 shares, in addition to 1,519,145 shares remaining from the 2019 program. The company views this buyback as a favorable long-term investment, influenced by current market prices and economic conditions affecting both the bank and the broader industry.
OceanFirst Financial Corp. (NASDAQ: OCFC) reported a significant increase in net income for Q1 2021, reaching $31.7 million or $0.53 per diluted share, up from $16.5 million or $0.27 per diluted share a year prior. The results were bolstered by a release of credit loss expenses and improved operational efficiency, reflected in a 54.73% efficiency ratio. Total loans grew by $116.4 million, with record originations of $747.8 million. Additionally, the company declared a cash dividend of $0.17 per share, marking its 97th consecutive quarterly dividend.
OceanFirst Financial Corp. (NASDAQ: OCFC) announced a quarterly cash dividend of $0.4375 per share for its Series A Preferred Stock. This dividend is payable on May 17, 2021, to stockholders of record on April 30, 2021. Founded in 1902, OceanFirst Bank N.A., a subsidiary of OceanFirst Financial, operates in New Jersey, metropolitan Philadelphia, and New York City, providing a variety of financial services including commercial and residential financing, trust services, and asset management.
OceanFirst Financial Corp. (NASDAQ:OCFC) will release its earnings for Q1 2021 on April 29, 2021, post-market closure. A conference call is scheduled for April 30, 2021, at 11:00 a.m. ET to discuss the results. With $11.45 billion in assets, OceanFirst Bank operates in New Jersey and metropolitan areas of Philadelphia and New York, providing various financial solutions.
Investors can access the conference call via phone or online, and a replay will be available for 90 days. The company cautions that forward-looking statements may be affected by various risks.
OceanFirst Financial Corp. (NASDAQ: OCFC) reported Q4 2020 net income of $32.1 million ($0.54 per diluted share), up from $23.5 million in Q4 2019. For the full year, net income was $61.2 million ($1.02 per diluted share), down from $88.6 million in 2019. Impacts included increased credit losses and net interest margin compression due to COVID-19. However, total assets rose to $11.45 billion, boosted by strategic acquisitions, and deposits increased by $3.10 billion. The company declared its 96th consecutive quarterly cash dividend of $0.17 per share, payable February 19, 2021.
OceanFirst Financial Corp. (NASDAQ: OCFC) has declared a quarterly cash dividend of $0.4375 per share for each depository share representing a 1/40th interest in the Series A Preferred Stock. The dividend is payable on February 15, 2021, to shareholders on record as of January 29, 2021.
Founded in 1902, OceanFirst Bank N.A. is a leading regional bank serving the New Jersey, Philadelphia, and New York City markets, offering a range of financial services including commercial and residential financing.
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