OceanFirst Financial

OceanFirst Financial Corp. operates as a savings and loan holding company, which engages in the provision of financial services. Its subsidiary OceanFirst Bank, offers commercial and residential financing solutions, wealth management, and deposit services. It has retail branches throughout the state and in metropolitan New York City along with loan production offices in New Jersey, New York City and Pennsylvania. The company is headquartered in Red Bank, NJ.

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OceanFirst Financial reports robust Q4 earnings, eyes growth opportunities

OceanFirst Financial delivered strong financial performance in Q4 2022, exceeding targets and focusing on maintaining growth while managing risks.
The company's conservative capital management and credit discipline provide a solid foundation for future opportunities and margin protection.
Challenges include deposit cost pressures and market selectivity, but opportunities in loan growth and revenue generation are being pursued strategically.
Overall, OceanFirst Financial is well-positioned to navigate economic changes, capitalize on growth prospects, and deliver value to shareholders.

OceanFirst Financial reports solid Q1 earnings amidst banking challenges

OceanFirst Financial's Q1 2023 performance reflects solid core earnings growth, disciplined investment management, and a commitment to efficiency and conservative banking practices.
Despite challenges related to margin compression and economic uncertainties, the company's strong liquidity position, diversified deposit portfolio, and risk-based approach provide a foundation for future growth.
Opportunities lie in expanding treasury products and mortgage banking, maintaining a focus on growth while managing capital deployment cautiously, and leveraging stress test results for strategic decision-making.
With a focus on navigating challenges with a conservative approach and capitalizing on growth opportunities, OceanFirst Financial aims to drive returns and enhance shareholder value in the banking sector.

OceanFirst Financial reports strong Q2 earnings, eyes loan growth opportunities

OceanFirst Financial's Q2 performance reflects solid earnings and deposit growth amidst credit discipline.
The company's strengths lie in effective liquidity management and improved loan origination yields.
Challenges include margin pressure from funding costs and regulatory compliance in real estate concentration.
Opportunities exist for increased loan growth and margin improvement through strategic initiatives.

OceanFirst Financial reports solid Q3 earnings amidst market challenges

OceanFirst Financial's Q3 performance reflects solid earnings and capital strength, despite challenges in margins and market dynamics.
The company's focus on credit quality, customer relationships, and strategic growth initiatives positions it well for future opportunities.
Addressing challenges like margin compression and economic uncertainties while capitalizing on growth opportunities will be crucial for OceanFirst Financial's success.

OceanFirst Financial reports solid Q4 earnings, eyes organic growth

OceanFirst Financial delivered solid Q4 2023 results with stable earnings and strong capital levels. The company's focus on deposit quality and organic growth positions it well for sustainable expansion.
Challenges include margin pressures and managing loan growth expectations amid market uncertainties. Opportunities lie in potential margin expansion, strategic initiatives, and enhancing asset valuation accuracy.
Overall, OceanFirst Financial's performance reflects resilience and a strategic focus on long-term growth. By prioritizing organic growth and maintaining strong asset quality, the company aims to navigate challenges and seize opportunities for expansion.

OceanFirst Financial reports stable Q1 performance amidst growth opportunities

OceanFirst Financial's Q1 performance reflects stability in earnings, expenses, and loan quality. The bank's focus on talent acquisition and operational efficiency bodes well for future growth.
Despite challenges such as potential runoff of high-yield savings and criticism of loan categories, opportunities in loan demand drivers and expense management strategies offer avenues for improvement.
Maintaining a strong loan portfolio, positive customer sentiment, and strategic partnerships position OceanFirst Financial for continued success amidst evolving market conditions.

OceanFirst Financial reports robust Q2 earnings and strategic growth focus

OceanFirst Financial's Q2 2024 performance reflects solid earnings, strong asset quality, and improved capital levels, underlining financial stability and growth potential.
Strategic efforts towards C&I lending and shareholder value enhancement through share repurchases and dividends showcase a proactive approach to value creation.
While facing challenges in loan balances and cost management, the company's focus on organic growth and capital maintenance aligns with long-term sustainability and profitability goals.

OceanFirst Financial reports steady Q3 earnings amidst growth opportunities

OceanFirst Financial Corp. demonstrated steady profitability and revenue growth in Q3 2024, supported by strategic loan originations.
While facing challenges such as increased operating expenses and modest deposit growth, the company maintained strong asset quality and capital levels.
Opportunities lie in expanding the loan portfolio, attracting investors through dividends, and leveraging strengthened capital for growth initiatives.

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DENVER, Feb. 4, 2022 /PRNewswire/ -- Turk and Company, announced today that its client OceanFirst Financial Corp. (NASDAQ:"OCFC"), the holding company for OceanFirst Bank N.A. has signed an agreement to acquire a majority interest in Trident Abstract Title Agency, LLC ("Trident") with the right to acquire 100%.

TURK & COMPANY ANNOUNCES ACQUISITION OF TRIDENT ABSTRACT TITLE AGENCY, LLC BY OCEANFIRST FINANCIAL CORP.

RED BANK, N.J., Feb. 03, 2022 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:”OCFC”), (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), today, announced the Company has signed an agreement to acquire a majority interest in Trident Abstract Title Agency, LLC (“Trident”) with the right to acquire 100%. The transaction is expected to close on March 1, 2022. Upon closing, Trident will operate as an independent subsidiary of the Company.

OceanFirst Financial Corp. Announces Acquisition of Trident Abstract Title Agency, LLC

Consolidator in the Central/South NJ Market. Technology investments deliver operations efficiency improvement.

OceanFirst: NJ Acquirer Focused On Efficiency Improvement

OceanFirst Financial Corp (OCFC) CEO Christopher Maher on Q4 2021 Results - Earnings Call Transcript

OceanFirst (OCFC) delivered earnings and revenue surprises of 9.09% and 1.29%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

OceanFirst Financial (OCFC) Surpasses Q4 Earnings Estimates

OceanFirst (OCFC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

OceanFirst Financial (OCFC) Earnings Expected to Grow: Should You Buy?

First Bank

Acquisition includes approximately $101 million in deposits and $11 million of loans Acquisition includes approximately $101 million in deposits and $11 million of loans

First Bank Completes Acquisition of Two Former OceanFirst Branch Locations Strengthening its Central New Jersey Presence

OceanFirst (OCFC) signs a merger deal with Partners Bancorp for $186 million, wherein the latter will merge into the former.

OceanFirst (OCFC) Signs $186M Merger Deal With Partners Bancorp

NEW YORK, Nov. 4, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Partners Bancorp ("Partners" or the "Company") (NASDAQ: PTRS) in connection with the proposed merger of the Company with OceanFirst Financial Corp. ("OceanFirst") (NASDAQ: OCFC). Under the terms of the merger agreement, the Company's shareholders may elect to receive $10.00 in cash or 0.4512 shares of OceanFirst common stock for each share of Partners common stock that they hold, representing implied consideration of $10.47 based upon OceanFirst's November 3, 2021 closing price of $23.21.

SHAREHOLDER ALERT: WeissLaw LLP Investigates Partners Bancorp

Accelerates OceanFirst's Strategic Expansion into Attractive Baltimore / Washington D.C. Region and Adds High-Growth, Commercial-Oriented Franchise with Stable Deposit Base Accelerates OceanFirst's Strategic Expansion into Attractive Baltimore / Washington D.C. Region and Adds High-Growth, Commercial-Oriented Franchise with Stable Deposit Base

OceanFirst Financial Corp. and Partners Bancorp Announce Merger Agreement

OceanFirst Financial's (OCFC) CEO Christopher Maher on Q3 2021 Results - Earnings Call Transcript

OceanFirst (OCFC) delivered earnings and revenue surprises of 9.76% and -0.63%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

OceanFirst Financial (OCFC) Beats Q3 Earnings Estimates

Transaction to include approximately $124 million in deposits and $14 million of loans, based on June 30, 2021 balances Transaction to include approximately $124 million in deposits and $14 million of loans, based on June 30, 2021 balances

First Bank and OceanFirst Bank Announce Definitive Agreement for First Bank to Acquire Two Branch Locations in Central New Jersey Region

OceanFirst Financial Corp. (OCFC) CEO Christopher Maher on Q2 2021 Results - Earnings Call Transcript

OceanFirst (OCFC) delivered earnings and revenue surprises of 13.95% and -1.56%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

OceanFirst Financial (OCFC) Surpasses Q2 Earnings Estimates

RED BANK, New Jersey, July 29, 2021 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:“OCFC”), (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), today announced net income available to common stockholders of $29.6 million, or $0.49 per diluted share, for the three months ended June 30, 2021 as compared to $18.6 million, or $0.31 per diluted share, for the corresponding prior year period. For the six months ended June 30, 2021, the Company reported net income available to common stockholders of $61.2 million, or $1.02 per diluted share, as compared to $35.2 million, or $0.58 per diluted share, for the corresponding prior year period. Selected performance metrics are as follows (refer to “Selected Quarterly Financial Data” for additional information regarding the metrics):

OceanFirst Financial Corp. Announces Second Quarter Financial Results

RED BANK, N.J., July 26, 2021 (GLOBE NEWSWIRE) -- OceanFirst Bank N.A. (“OceanFirst”), the wholly owned subsidiary of OceanFirst Financial Corp. (NASDAQ:OCFC), announces the addition of two experienced commercial banking officers to lead the Bank's ongoing expansion plans in the Boston and Baltimore markets.

OceanFirst Bank N.A. Continues Regional Expansion With Appointments of Daniel Griggs and Tom Crawford

RED BANK, N.J., June 25, 2021 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:“OCFC”), (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), today announced the authorization of the Board of Directors of the 2021 Stock Repurchase Program to repurchase approximately 5% of the Company's outstanding common stock up to an additional 3,000,000 shares. This amount is in addition to the remaining 1,519,145 shares available as of March 31, 2021 under the existing 2019 Stock Repurchase Program.

OceanFirst Financial Corp. Announces 2021 Stock Repurchase Program

OceanFirst Financial Corp (OCFC) CEO Christopher Maher on Q1 2021 Results - Earnings Call Transcript

OceanFirst (OCFC) delivered earnings and revenue surprises of 10.00% and 7.93%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

OceanFirst Financial (OCFC) Q1 Earnings and Revenues Top Estimates

New York, New York--(Newsfile Corp. - April 26, 2021) - Levi & Korsinsky announces it has commenced an investigation of OceanFirst Financial Corp. (NASDAQ: OCFC) concerning possible breaches of fiduciary duty. To obtain additional information, go to:https://www.zlk.com/compensation2/oceanfirst-financial-corp-information-request-formor contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of OceanFirst Financial Corp. (OCFC)

Is OceanFirst Financial Corp (OCFC) a great pick from the value investor's perspective right now? Read on to know more.

Can Value Investors Pick OceanFirst Financial (OCFC) Stock?

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OceanFirst (OCFC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

News for OceanFirst Financial Stock (OCFC)