OCEANFIRST FINANCIAL CORP (OCFC) Form 8-K — Oct 27, 2026
OceanFirst Financial reported Q3 2026 net income of $16.5 million, or $0.17 per diluted share, down from $17.3 million, or $0.30, a year earlier, weighed down by $37.1 million of non-recurring merger expenses from the Flushing acquisition. Core earnings were $46.9 million, or $0.48 per diluted share, up from $0.36 a year ago, with net interest income jumping to $172.1 million and NIM expanding to 3.18%. The company completed the Flushing core system conversion in September 2026 and expects remaining cost savings and a return to excess capital accretion in Q4 2026. Loans grew $215.7 million (5% annualized) and deposits rose $319.3 million to $18.1 billion in the quarter.
Key figures
- Eps
- 0.17
- Net Income
- 16500000
- Core eps
- $0.48
- Cet1 ratio
- 10.6%
- Total loans
- $16.49 billion
- Total assets
- $23.37 billion
- Core ptpp eps
- $0.72
- Loan growth q
- $215.7 million (5% annualized)
- Linked quarter
- net loss of $3.0 million, or $0.04 per diluted share
- Prior year eps
- $0.30
- Total deposits
- $18.1 billion
- Allowance ratio
- 1.29% of total loans
- Core earnings q3
- $46.9 million
- Deposit growth q
- $319.3 million
- Dividend per share
- $0.20
- Merger expenses q3
- $37.1 million
- Net interest income
- $172.1 million
- Net interest margin
- 3.18%
- Non performing loans
- $140.7 million (0.85% of loans)
- Prior year net income
- $17.3 million
- Tangible book value per share
- $18.08
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