Every 10-Q that Oceanfirst Finl Corp (OCFC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow OCFC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full OCFC filings page.
OceanFirst Financial Corp. reported a Q2 2026 net loss of $3.0 million, or $(0.04) per diluted share, as it closed the acquisition of Flushing Financial Corporation. Results included $42.8 million of merger-related expenses and other items that reduced net income by $33.6 million after tax.
Despite the loss, core banking metrics expanded. Net interest income rose to $120.7 million and net interest margin to 3.05%, helped by higher-yielding assets and the Flushing portfolio. Total assets increased to $23.27 billion, loans to $16.09 billion, and deposits to $17.76 billion.
The Flushing deal added $8.69 billion of assets and $7.44 billion of deposits, plus 30 New York–area branches. Management sold $1.31 billion of acquired multifamily loans at 92.25% of par and reinvested $1.20 billion of proceeds into liquid investment‑grade securities, lifting on-hand liquidity to 11.5% of assets and lowering the loan‑to‑deposit ratio to 91.6%. A concurrent $225 million equity raise from Warburg Pincus supported capital, with the Company’s common equity Tier 1 ratio at 10.72% and the Bank’s at 12.90%. Asset quality metrics remained stable, with non‑performing loans at 0.67% of total loans and the allowance for loan credit losses at 1.29%.
OceanFirst Financial Corp. reported Q1 2026 net income available to common stockholders of $20.5 million, or $0.36 per diluted share, similar to $20.5 million, or $0.35, a year earlier. Net interest income rose to $96.4 million and net interest margin improved to 2.93%, helped by lower funding costs.
Total loans reached $11.12 billion, up $91.9 million from year-end, while deposits increased $191.5 million to $11.16 billion, bringing the loan‑to‑deposit ratio to 99.7%. Asset quality remained strong with non‑performing loans at 0.31% of total loans and an allowance of 0.77%. The Company stayed well‑capitalized, including a common equity Tier 1 ratio of 10.75% and a stockholders’ equity‑to‑assets ratio of 11.47%.
OceanFirst Financial Corp. (OCFC) reported Q3 2025 results with solid balance-sheet expansion and margin stability. Total assets were $14.32 billion, loans receivable (net) reached $10.49 billion, and deposits were $10.44 billion. Net interest income rose to $90.7 million, and diluted EPS was $0.30. Net interest margin held at 2.91% while the net interest rate spread was 2.36%.
Growth and mix shifted: loans increased $372.9 million quarter over quarter, including $219.1 million in commercial and industrial growth; commercial originations were $739.2 million and the commercial pipeline stood at $710.9 million. Deposits increased from $10.23 billion to $10.44 billion; excluding $117.7 million of brokered runoff, deposits rose $321.2 million. The loan‑to‑deposit ratio was 101.2%.
Expenses and strategy: operating expenses of $76.3 million included $4.1 million in restructuring charges tied to outsourcing residential originations and title, with an anticipated 11% workforce reduction and expected annual expense savings of $14 million starting in 2026. Asset quality remained stable: non‑performing loans were $41.3 million (0.39% of total), and the allowance covered 196.87% of NPLs. CET1 at the Company was 10.56%. A $0.20 common dividend was declared.
OceanFirst Financial Corp. (OCFC) Q2-25 10-Q highlights
For the quarter ended 30-Jun-25, net income available to common shareholders fell 31% YoY to $16.2 million and diluted EPS declined to $0.28 (vs. $0.40), driven by a $12.9 million jump in operating expense and a $1.8 million loss on redemption of preferred stock. Net interest income rose 6.5% to $87.6 million as the net interest margin expanded 20 bp to 2.91%; total interest-earning asset yield slipped 11 bp but the total cost of deposits improved 31 bp to 2.06%.
Balance sheet: Total assets were $13.33 billion (–$93 million YTD). Loans grew $59.8 million in the quarter to $10.12 billion, while deposits increased $55.4 million to $10.23 billion, keeping the loan-to-deposit ratio at 99.5%. The commercial loan pipeline reached a record $790.8 million. Book value per share declined $0.63 to $28.64 after repurchasing 1.0 million shares and redeeming all Series A preferred stock ($57.4 million).
Credit & capital: Non-performing loans were stable at 0.33% of loans; the allowance stands at 0.78% of loans (236.5% of NPLs). CET1 fell to 10.99% but remains well above the 7% regulatory requirement. Liquidity plus contingent funding totals $3.5 billion, equal to 199% of adjusted uninsured deposits.
- Efficiency ratio worsened to 71.9% (62.9% LY) on higher compensation, professional fees and data processing costs.
- Quarterly common dividend maintained at $0.20; payout ratio 71.4%.
Management emphasizes loan growth, Premier Banking launch ($115 million new deposits) and a new 3.0 million-share repurchase authorization announced 16-Jul-25.