Welcome to our dedicated page for Oceanfirst Finl SEC filings (Ticker: OCFC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
OceanFirst Financial Corp. filings document the regulatory disclosures of a Delaware bank holding company for OceanFirst Bank N.A. Its Form 8-K reports cover operating results, Regulation FD investor presentations, common stock dividend announcements, material events, and other capital-structure matters related to the company’s banking operations.
Proxy and governance filings describe shareholder voting matters, board oversight, executive compensation, governance practices, and share-related proposals. The filing record also includes risk-factor and material-agreement disclosures tied to a regional bank that provides commercial and residential financing, treasury management, trust and asset management, and deposit services.
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.