OceanFirst (NASDAQ: OCFC) raises loan collateral sale figure to $836M
Filing Impact
Filing Sentiment
Form Type
8-K/A
Rhea-AI Filing Summary
OceanFirst Financial Corp. filed an amendment to a current report to correct a figure related to a loan transaction. The company clarified that the amount of loan collateral with rent-regulated exposure sold, as referenced in an attached press release, was $836 million rather than $736 million. No other aspects of the original report were changed.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 8.01 — Other Events
1 item
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Key Figures
Correct collateral amount: $836 million
Previously stated amount: $736 million
2 metrics
Correct collateral amount
$836 million
Loan collateral with rent-regulated exposure sold
Previously stated amount
$736 million
Incorrect collateral figure in original press release
Key Terms
rent-regulated exposure, Item 8.01 Other Events, Emerging growth company
3 terms
rent-regulated exposure financial
"correct the amount of loan collateral with rent-regulated exposure sold"
Item 8.01 Other Events regulatory
"ITEM 8.01 OTHER EVENTS This Amendment No. 1"
Emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
What did OceanFirst Financial Corp. (OCFC) change in this 8-K/A filing?
OceanFirst corrected a single figure in a prior report. The company clarified that loan collateral with rent-regulated exposure sold totaled $836 million, not $736 million, as stated in the earlier press release.
Which amount of loan collateral did OceanFirst (OCFC) say was sold?
OceanFirst stated that the amount of loan collateral with rent-regulated exposure sold was $836 million. This replaces the previously reported figure of $736 million in the original press release.
Does this OceanFirst (OCFC) amendment change anything besides the corrected amount?
The amendment states that only the collateral amount was corrected. It notes that, except for revising the figure to $836 million, all other information in the original report remains unchanged.
What section of OceanFirst’s (OCFC) report was affected by the correction?
The correction relates to the press release attached as Exhibit 99.1. That exhibit had misstated loan collateral with rent-regulated exposure sold as $736 million instead of the corrected $836 million figure.
Who signed the OceanFirst (OCFC) amended report correcting the collateral amount?
The amended report was signed on behalf of OceanFirst by Patrick S. Barrett, Senior Executive Vice President and Chief Financial Officer, dated June 30, 2026.