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.
Key figures
- Eps
- 0.36
- Guidance
- Merger expected to close in the second quarter of 2026
- Efficiency Ratio
- 71.13%
- Dividend Per Share
- 0.2
- Net Interest Margin
- 2.93%
- Core Earnings Per Share
- 0.43
AI analysis
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