OCFC news

OceanFirst Financial Corp reported Q3 2026 net income of $16.5 million, a decrease from prior-year figures but improved from the linked quarter's loss, while core earnings increased year-over-year.

OceanFirst Financial Corp reported a net loss of $3.0 million for Q2 2026, down from prior year income, amid a significant decline in return on average assets. Core earnings increased year-over-year to $30.5 million.

OceanFirst Financial agreed to sell $1.4 billion of multifamily loans acquired in its June 1 Flushing Financial deal, reducing CRE concentration and NY rent-regulated exposure. The sale, expected by Q2 2026, represents a balance sheet repositioning with proceeds reinvested in investment-grade securi…

OceanFirst Financial's Board established a new series of preferred stock designated as Non-Voting Common Equivalent Stock (NVCE Stock) on December 29, 2025, with a base price of $19.76 and conversion provisions. This preferred stock issuance may relate to capital raising or strategic financing activ…