Q3 2025 OceanFirst Financial Corp Earnings Call Transcript

Oct 23, 2025 / 12:00 PM GMT

Transcript 10-Q8-K

Key Points

Positve

OceanFirst Financial Corp (OCFC) reported a fourth consecutive quarter of growth in net interest income, increasing by $3 million compared to the prior quarter.
Total loans for the quarter increased by $373 million, representing a 14% annualized growth rate, driven by strong originations of $1 billion.
Asset quality remained strong, with loans classified as special mention and substandard decreasing by 15% to $124 million, or 1.2% of total loans.
Capital levels are robust, with an estimated common equity tier one capital ratio of 10.6% and a tangible book value per share of $19.52.
The company declared its 115th consecutive quarterly cash dividend of $0.20 per common share, demonstrating a commitment to returning value to shareholders.

Negative

Operating expenses for the quarter were $76 million, including $4 million in restructuring charges related to outsourcing residential loan originations and underwriting functions.
The outsourcing initiative is expected to result in a reduction in fee and service income of approximately $2 million in the fourth quarter.
Non-interest income is expected to decrease due to reduced gain on sale and title revenues resulting from outsourcing initiatives.
The company did not repurchase any shares this quarter under the existing plan, as capital was deployed for loan growth.
There is expected to be modest short-term compression on net interest margin in the fourth quarter due to seasonality and repricing of large legacy deposit relationships.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

OCFC.OQ - OceanFirst Financial Corp
Q3 2025 OceanFirst Financial Corp Earnings Call
Oct 23, 2025 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for attending the Ocean First Financial Cor, Third quarter 2025 earnings call.

My name is Brika, and I will be your moderator for today.

All lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end.

I would now like to pass the conference over to your host, Alfred Goon, Investor Relations.

Thank you. You may proceed, Alfred.

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Unidentified_2 [2]
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Thank you Brika. Good morning and welcome to the Ocean 1st 3rd quarter 2025 earnings call

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