Oceanfirst Finl Corp SEC Filings

OceanFirst Financial Corp. reported solid first quarter 2026 results with higher profitability, stable credit quality, and progress on its pending merger. Net income available to common stockholders was $20.5 million, or $0.36 per diluted share, unchanged from a year ago but up from $13.1 million in the prior quarter.

Core earnings were stronger at $24.3 million, or $0.43 per diluted share, and core pre-tax, pre-provision earnings reached $34.4 million, reflecting expense discipline and non-core merger and restructuring costs. Net interest income rose to $96.4 million and net interest margin improved to 2.93%, helped by lower funding costs and modest loan growth.

Total loans increased to $11.12 billion, driven by commercial and industrial growth, while deposits rose to $11.16 billion and the loan-to-deposit ratio eased to 99.7%. Non-performing loans increased to $34.6 million but remained low relative to total loans, and net charge-offs were $0.7 million. Capital levels stayed robust, with an estimated common equity tier 1 ratio of 10.7% and tangible common equity of $1.14 billion. The company declared a $0.20 per-share quarterly dividend and reiterated expectations to close its approved merger with Flushing Financial Corporation in the second quarter of 2026, subject to remaining Federal Reserve approval and customary conditions.

OceanFirst Financial Corp. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.20 per share on its common stock. The dividend will be paid on May 8, 2026 to stockholders of record as of April 27, 2026.

The company’s subsidiary, OceanFirst Bank N.A., founded in 1902, operates as a regional bank providing commercial and residential financing, treasury management, trust and asset management, and deposit services across New Jersey and major metropolitan areas from Massachusetts through Virginia.

OceanFirst Financial Corp. reported stockholder votes at a special meeting held in connection with its merger agreement with Flushing Financial Corporation. At the record date, there were 57,402,016 shares outstanding as of February 20, 2026, and 44,723,849 shares were represented, constituting a quorum.

Stockholders approved the issuance-related proposal to effect the Merger Agreement and the related Warburg investment by a vote of 42,020,260 for, 2,526,694 against, and 176,895 abstentions. A proposed charter amendment to exempt Warburg from a charter provision was not approved, with votes of 18,408,853 for, 26,148,179 against, and 166,817 abstentions. A joint press release on the results was attached as an exhibit.

OceanFirst Financial Corp. stockholders approved key share issuances for its pending merger with Flushing Financial Corporation and a related Warburg Pincus investment. The issuance proposal received 42,020,260 votes for, 2,526,694 against and 176,895 abstentions out of 44,723,849 shares represented.

Stockholders did not approve an amendment to OceanFirst’s Certificate of Incorporation that would have exempted Warburg and its affiliates from a charter provision, with 18,408,853 votes for and 26,148,179 against. Separately, New York’s banking regulator and the Office of the Comptroller of the Currency have approved the transaction, while Federal Reserve approval and other customary closing conditions are still required.

OceanFirst Financial Corp: The Vanguard Group filed Amendment No. 2 to a Schedule 13G/A reporting 0 shares beneficially owned and 0% of the common stock. The filing explains an internal realignment on January 12, 2026 that caused certain Vanguard subsidiaries and business divisions to report holdings separately. The amendment is signed by Ashley Grim, Head of Global Fund Administration, dated 03/27/2026.

OCEANFIRST FINANCIAL CORP senior vice president and principal accounting officer Patrick Chong corrected his reported shareholdings. The amendment explains that a clerical error previously understated his directly held OCFC common shares and that the increase now shown comes from several dividend reinvestments, not from new market purchases or sales.

Following this update, Chong holds 1,914 OCFC common shares directly and 1,540 shares indirectly through an ESOP. This filing is essentially an administrative clean-up so that his Form 4 ownership records accurately reflect past dividend reinvestment activity.

OceanFirst Financial Corp executive Brian Schaeffer reported a tax-related share withholding tied to restricted stock vesting. On this event, 1,837 shares of common stock were withheld at $18.58 per share to satisfy tax liabilities; no shares were sold. After this, he directly holds 88,568 shares and indirectly holds 3,400 shares through an ESOP.

OCEANFIRST FINANCIAL CORP Senior EVP & Corporate Secretary Steven James Tsimbinos had 4,629 common shares withheld at $18.58 per share to cover taxes on the vesting of restricted stock, and no shares were sold.

After this tax-withholding disposition, he directly owns 202,999 common shares. He also has multiple stock option awards, with post-transaction balances between 12,915 and 76,790 options each, and indirectly holds 10,234 common shares through a 401(k) plan and 7,759 shares through an ESOP.