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OceanFirst Financial Corp.

OceanFirst Financial Corp.

NASDAQ•OCFC
CEO: Mr. Christopher D. Maher
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 1996-07-03
OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services to retail and commercial customers. It accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing accounts, and time deposits, that includes brokered deposits to retail, government, and business customers. The company 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, overdraft line of credit, loans on savings accounts, and other consumer loans. In addition, it invests in mortgage-backed securities, securities issued by the U.S. Government and agencies, corporate securities, and other investments. Further, the company offers bankcard, trust and asset management services; and bank owned life insurance products. The company was founded in 1902 and is based in Red Bank, New Jersey.
Contact Information
110 West Front Street, Red Bank, NJ, 07701, United States
732-240-4500
www.oceanfirst.com
Market Cap
$1.12B
P/E (TTM)
13.9
14.5
Dividend Yield
4.1%
52W High
$20.76
52W Low
$14.29
52W Range
80%
Rank46Top 45.7%
3.9
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.9 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$173.33M-0.99%
4-Quarter Trend

EPS

$0.30-28.57%
4-Quarter Trend

FCF

$22.84M-197.30%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Net Interest Income Rises NII increased to $90.7M for the quarter, driven by a 24 basis point expansion in NIM to 2.91% year-over-year.
Strong Loan Portfolio Growth Total loans grew $372.9M (14% annualized rate), supported by $739.2M in commercial originations this quarter.
Capital Ratios Remain Strong Bank CET1 ratio stood at 11.27%, significantly exceeding the 5.00% well-capitalized minimum requirement as of September 30, 2025.
Restructuring Charges Taken Recorded $4.1M in restructuring charges related to outsourcing residential loan originations; expects $8M more next quarter.

Risk Factors

Asset Quality Deterioration NPLs increased to $41.3M (0.39% of loans) from $28.1M (0.28% of loans) year-over-year, requiring higher provisioning.
Increased Provisioning Costs Provision for credit losses spiked to $4.1M for the quarter, up from $0.5M last year, reflecting net loan growth.
Loan-to-Deposit Ratio Elevated LTD ratio reached 101.20% compared to 99.10% last year, indicating reliance on non-deposit funding sources like FHLB advances.
Lower Net Income Reported Net income available to common stockholders fell to $17.3M ($0.30 EPS) from $24.1M ($0.42 EPS) year-over-year.

Outlook

Residential Outsourcing Impact Outsourcing initiative will reduce workforce by 11%, anticipating $14M in annual expense savings starting next year.
Continued Credit Monitoring Management remains vigilant on CRE investor portfolio quality due to market dependence and higher credit risk profile.
Robust Commercial Pipeline Commercial loan pipeline remains strong at $710.9M, though slightly lower than the record $790.8M reported last quarter.
Interest Rate Sensitivity The company is modestly liability sensitive to rising rates, but EVE risk decreased due to increased fixed-rate investments.

Peer Comparison

Revenue (TTM)

Cullen/Frost Bankers, Inc.CFR
$2.90B
+2.8%
OceanFirst Financial Corp.OCFC
$673.23M
-2.2%
ConnectOne Bancorp, Inc.CNOB
$619.35M
+15.5%

Gross Margin (Latest Quarter)

OceanFirst Financial Corp.OCFC
95.7%
+41.3pp
Westamerica BancorporationWABC
94.6%
+1.7pp
FirstSun Capital BancorpFSUN
65.9%
-0.2pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
CFR$8.16B12.815.3%9.7%
QCRH$1.47B12.011.7%0.0%
CNOB$1.33B16.54.4%7.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.5%
Moderate Growth
4Q Net Income CAGR
-7.5%
Declining Profitability
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 4, 2025|
    Revenue: $173.33M-1.0%
    |
    EPS: $0.30-28.6%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 4, 2025|
    Revenue: $165.40M-2.3%
    |
    EPS: $0.28-30.0%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 2, 2025|
    Revenue: $163.79M-5.2%
    |
    EPS: $0.35-25.5%
    Meet

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 28, 2025|
    Revenue: $687.95M+8.0%
    |
    EPS: $1.65-2.9%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 31, 2024|
    Revenue: $175.06M+4.2%
    |
    EPS: $0.42+27.3%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 1, 2024|
    Revenue: $169.34M+7.3%
    |
    EPS: $0.40-11.1%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 2, 2024|
    Revenue: $172.84M+23.6%
    |
    EPS: $0.47+2.2%
    Beat

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 23, 2024|
    Revenue: $636.96M+31.3%
    |
    EPS: $1.70-30.0%
    Beat