OCEANFIRST FINANCIAL CORP (OCFC) OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services to retail and commercial customers in the United States. The company accepts deposit products, such as money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing accounts, and time deposits, including brokered deposits. It also offers commercial real estate, multi-family, land loans, construction, and commercial and industrial loans; fixed-rate and adjustable-rate mortgage loans that are secured by one-to-four family residences; and consumer loans, such as home equity loans and lines of credit, student loans, loans on savings accounts, overdraft line of credit, and other consumer loans. In addition, the company invests in mortgage-backed securities, securities issued by the U.S. government and agencies, corporate securities, and other investments; and provides bankcard services, trust and asset management products and services, deposit account services, sales of loans and investments, bank owned life insurance and commercial loan swap income. The company was founded in 1902 and is headquartered in Toms River, New Jersey.
Sector: National Commercial Banks
Industry: Banks - Regional
OceanFirst Financial Corp. NASDAQ:OCFC Financial Services · Banks - Regional
Mkt Cap $1.61B
Div Yield 4.79%
AH Close $16.71 +0.00% vs close
AH Close $16.71 +0.00% vs close
Mkt Cap $1.61B
Div Yield 4.79%
All Press Release SEC Filings News
Press Release
OceanFirst Financial Corp. Schedules Third Quarter 2026 Earnings Conference Call
OceanFirst Financial will release Q3 2026 results after market close on October 27, 2026.
Management hosts a conference call at 8:00 a.m. ET on October 28, with a webcast available on the investor relations site.
OceanFirst Bank is a $23 billion regional bank serving New Jersey, New York, and mid-Atlantic markets.
• 20d ago AI analysis › SEC Filing ● Major ⚠ 8
OCFC: 10-Q · periodic report
OceanFirst Financial reported a Q2 2026 net loss of $3.0 million, or $0.04 per diluted share, versus net income available to common of $16.2 million ($0.28) a year earlier, driven by $42.8 million of merger-related expenses. Six-month net income available to common was $17.5 million ($0.27 diluted), down from $36.7 million ($0.63) in the prior-year period.
The quarter was defined by the June 1, 2026 completion of the Flushing Financial acquisition, which added $8.69 billion of assets, $6.19 billion of loans, and $7.44 billion of deposits across 30 New York-area branches, lifting total assets to $23.27 billion. Concurrent with closing, OceanFirst raised $225 million from Warburg Pincus affiliates at $19.76 per common share, plus NVCE stock and warrants.
Core operations strengthened post-deal: net interest income rose to $120.7 million and net interest margin expanded 12 basis points to 3.05%, while the company sold $1.31 billion of acquired multifamily loans at 92.25% of par, cutting CRE concentration to 381% and the loan-to-deposit ratio to 91.6%.
Credit and capital optics are the watch items: non-performing loans jumped to $108.2 million (0.67% of loans), $750.4 million of acquired PCD loans carry significant NYC rent-regulated exposure, the allowance rose to 1.29% of loans, and book value per share fell to $24.50 from $28.97 at year-end.
SEC 10-Q • 2mo ago AI analysis › Press Release ● Major ⚠ 3
OceanFirst Financial Corp. Announces Second Quarter Financial Results
OceanFirst Financial reported a second quarter net loss of $3.0 million, or $0.04 per share, driven by $42.8 million in merger-related expenses tied to the Flushing acquisition. Excluding these costs, core earnings grew to $30.5 million, or $0.43 per share, an increase from $17.7 million in the prior year period.
The company completed its acquisition of Flushing Financial Corporation on June 1, 2026, adding approximately $8.69 billion in assets and $7.44 billion in deposits. Net interest margin expanded 12 basis points to 3.05%, and the company sold $1.31 billion of multifamily loans to reduce commercial real estate concentration.
The Board of Directors declared a quarterly cash dividend of $0.20 per share, marking the 118th consecutive quarterly dividend.
• 2mo ago AI analysis › Press Release
OceanFirst Financial Corp. Schedules Second Quarter 2026 Earnings Conference Call
OceanFirst Financial Corp. announced that it will release its second quarter 2026 earnings results after the market closes on Thursday, July 30, 2026.
Management will conduct a conference call to discuss quarterly operating performance on Friday, July 31, 2026, at 11:00 a.m. Eastern Time.
• 3mo ago AI analysis › SEC Filing
OCFC: 8-K/A · amendment
OceanFirst Financial Corp filed Amendment No. 1 to its Form 8-K originally dated June 29, 2026, to correct a clerical error in the associated press release.
The amendment revises the reported amount of loan collateral with rent-regulated exposure sold from $736 million to $836 million.
Aside from this specific numerical correction, the company stated that the Original Form 8-K remains unchanged.
SEC 8-K/A • 3mo ago Press Release
OceanFirst Financial Corp. Completes Previously Announced Sale of $1.3 Billion of New York City Multifamily Loans
OceanFirst completed the previously announced sale of a $1.3 billion portfolio of multifamily loans, largely concentrated in the NYC metropolitan area, to reduce exposure to rent regulation risk.
The sale included approximately 1,400 loans, of which $736 million were subject to rent regulations, bringing the company's total exposure to such assets below 2.5% of total assets.
The company plans to disclose further balance sheet impact details during its second quarter earnings release; BofA Securities acted as exclusive financial advisor.
• 3mo ago AI analysis › SEC Filing ⚠ 2
OCFC: 8-K · asset sale
OceanFirst Financial Corp. (OCFC) announced an agreement to sell $1.4 billion in multifamily loans, a key component of its balance sheet repositioning strategy following the recent acquisition of Flushing Financial Corporation.
The sale is expected to reduce the bank’s Commercial Real Estate concentration by $1.4 billion and eliminate the majority of its exposure to rent-regulated properties in New York City, which are considered higher risk.
Proceeds from the loan sales will be used to purchase highly liquid, investment-grade securities with similar yields, and the transaction is expected to close by the end of the second quarter 2026.
SEC 8-K • 4mo ago SEC Filing ⚠ 2
OCFC: S-3 · offering registration
OceanFirst Financial Corp. filed a Form S-3 registration statement to register the resale of up to 22,773,278 shares of common stock by selling securityholders affiliated with Warburg Pincus LLC. These shares were issued in connection with the company's recently completed acquisition of Flushing Financial Corporation, which closed on June 1, 2026.
The registered shares consist of 9,574,639 shares of common stock, 1,812,000 shares issuable upon conversion of Non-Voting Common Equivalent Stock, and 11,386,639 shares issuable upon conversion of NVCE Stock underlying a warrant. OceanFirst will not receive any proceeds from the sale of these securities, as they are being sold by the existing holders.
The filing enables these shares to be sold into the market over time, potentially creating selling pressure. As of May 26, 2026, there were 57,600,069 shares of common stock outstanding. The registration covers approximately 39.5% of the current outstanding shares, representing significant potential dilution if all shares are sold.
SEC S-3 • 4mo ago AI analysis › Press Release ● Critical ⚠ 3
OceanFirst Financial Corp. Completes Merger with Flushing Financial Corporation and $225 Million Strategic Investment from Warburg Pincus
Flushing Financial Corporation (FFIC) has completed its merger with OceanFirst Financial Corp. (OCFC), effectively ending FFIC's existence as a separate public entity.
FFIC shareholders received 0.85 shares of OCFC common stock for each share of FFIC stock held, along with cash for fractional shares.
Concurrently, OceanFirst closed a $225 million strategic equity investment from Warburg Pincus, which also secured a seat on the combined company's board.
The combined entity operates under the OceanFirst brand with 71 retail branches and approximately $23 billion in assets, expanding its footprint across New Jersey, New York, and Long Island.
• 4mo ago AI analysis › SEC Filing
OCFC: 8-K · proxy statement
OceanFirst Financial Corp. held its 2026 Annual Meeting on May 27, 2026, with 50,762,286 shares present or represented by proxy.
Stockholders elected all thirteen director nominees for one-year terms and approved the OceanFirst Financial Corp. 2026 Stock Incentive Plan with 41,649,786 votes in favor.
The advisory say-on-pay vote passed with 42,473,812 votes for, and shareholders ratified the appointment of Deloitte & Touche LLP as the independent auditor for the fiscal year ending December 31, 2026.
SEC 8-K • 4mo ago AI analysis › Press Release ● Critical
OceanFirst Financial Corp. and Flushing Financial Corporation Announce Receipt of All Requisite Regulatory and Shareholder Approvals to Complete Proposed Merger and Annual Meeting Date
Flushing Financial Corporation and OceanFirst Financial Corp. have received all necessary regulatory and shareholder approvals to complete their proposed merger.
The Federal Reserve granted approval on April 24, 2026, following earlier authorizations from the New York State Department of Financial Services and the Office of the Comptroller of the Currency.
The companies expect to close the transaction no later than June 1, 2026, subject to the satisfaction of remaining customary closing conditions.
• 5mo ago AI analysis › Press Release ● Major
OceanFirst Financial Corp. Announces First Quarter Financial Results
OceanFirst Financial reported net income of $20.5 million, or $0.36 per diluted share, for the first quarter of 2026, compared to $20.5 million, or $0.35 per diluted share, in the prior year period.
Net interest margin expanded six basis points to 2.93%, driven by a decrease in the cost of funds, while non-interest expense decreased by 13% to $73.4 million.
The company’s pending merger with Flushing Financial Corporation has received shareholder and key regulatory approvals and is expected to close in the second quarter of 2026.
• 6mo ago AI analysis › 
