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OceanFirst Financial Corp (Symbol: OCFC) is a prominent player in the U.S. banking sector, primarily serving the communities of central and southern New Jersey. Established in 1902, OceanFirst Financial Corp has been committed to facilitating the financial aspirations of its local residents through a variety of banking services.
OceanFirst conducts its core business by attracting retail and business deposits and investing these funds into loan products, including single-family, owner-occupied residential mortgages, and commercial real estate loans. The bank also offers a range of financial services designed for different life stages. For younger customers, the OceanFirst KidSaveSmart accounts teach the importance of saving. Newlyweds and young families can benefit from OceanFirst mortgages to purchase their first homes, while home equity lines of credit provide financial solutions for education and other significant expenses. Furthermore, OceanFirst offers retirement accounts to help individuals secure their financial future.
The bank's revenue model is primarily based on the interest earned from its loans. Additionally, it generates income through interest on investment and mortgage-backed securities, bank card services, and wealth management services. OceanFirst Financial Corp operates through a single segment that focuses on delivering a comprehensive suite of loan and deposit products.
Recent achievements and ongoing projects highlight OceanFirst's continuous commitment to innovation and customer satisfaction. The bank's branches are strategically located throughout central and southern New Jersey, ensuring that customers have access to personalized banking solutions whenever needed. OceanFirst's dedication to its customers has cemented its status as a reliable financial institution within its operating regions.
OceanFirst Financial Corp. (NASDAQ: OCFC) has declared a quarterly cash dividend of $0.4375 per share for each depository share representing a 1/40th interest in the Series A Preferred Stock. The dividend is payable on February 15, 2021, to shareholders on record as of January 29, 2021.
Founded in 1902, OceanFirst Bank N.A. is a leading regional bank serving the New Jersey, Philadelphia, and New York City markets, offering a range of financial services including commercial and residential financing.
OceanFirst Financial Corp. (NASDAQ:OCFC) will release its earnings for Q4 2020 on January 28, 2021, post-market. A conference call to discuss the highlights will be held on January 29, 2021, at 11:00 a.m. ET. OceanFirst Bank, the company's subsidiary, operates a $11.7 billion regional bank in New Jersey and the metropolitan areas of Philadelphia and New York City, offering various financial services. Interested participants can join via phone or through the company's website, with a replay available until April 29, 2021.
OceanFirst Financial Corp. (NASDAQ:OCFC) has appointed Joseph J. Lebel III as President of OceanFirst Bank, effective January 1, 2021. Lebel, with over 35 years of banking experience, moves from his role as Executive Vice President and COO. He will assume responsibilities over commercial credit alongside his existing operational duties. Christopher D. Maher remains Chairman and CEO, emphasizing their collaborative history. OceanFirst Bank, established in 1902, operates as a $11.7 billion regional bank in New Jersey and metropolitan areas, providing diverse financial services.
OceanFirst Financial Corp. (NASDAQ: OCFC) reported a net loss of $6.0 million, or $(0.10) per diluted share, for Q3 2020, compared to a net income of $25.0 million, or $0.49 per diluted share, in Q3 2019. Year-to-date, net income was $29.2 million, down from $65.1 million in the prior year. Increased credit losses of $35.7 million impacted results, driven by the COVID-19 pandemic. Despite challenges, deposits grew by $315.5 million, and the company maintains strong capital levels. The Board declared a quarterly dividend of $0.17 per share, emphasizing a commitment to shareholder returns.
OceanFirst Financial Corp. (NASDAQ: OCFC) has announced a quarterly cash dividend of $0.4375 per share for its Series A Preferred Stock. This dividend is payable on November 16, 2020, to stockholders of record by October 30, 2020. With assets totaling $11.3 billion, OceanFirst Bank, founded in 1902, is a major regional bank providing various financial services across New Jersey and metropolitan areas of Philadelphia and New York City.
OceanFirst Financial Corp. (NASDAQ:OCFC) will release its earnings for Q3 2020 on October 29, 2020, after market close. A conference call will follow on October 30, 2020, at 11:00 AM ET to discuss the financial results. OceanFirst Bank, the company’s subsidiary, is a leading regional bank with assets of $11.3 billion, providing varied financial services across New Jersey and metropolitan regions. The call can be accessed via telephone or through the company's website, with a replay available until January 28, 2021.
OceanFirst Financial Corp. (NASDAQ: OCFC) appointed Dr. Patricia L. Turner to its Board of Directors. Dr. Turner, a prominent figure in healthcare, leads member services at the American College of Surgeons and serves as a clinical associate professor at the University of Chicago. Her extensive background in professional education and governance is expected to enhance the company's strategic direction. OceanFirst Bank, founded in 1902, is a significant regional bank with $11.3 billion in assets, providing a range of financial services across New Jersey and metropolitan areas.
OceanFirst Financial Corp. (NASDAQ: OCFC) announced a quarterly cash dividend of $0.4764 per share for its Series A Preferred Stock. The dividend is set to be paid on August 17, 2020, to stockholders on record as of July 31, 2020. OceanFirst Bank, a subsidiary founded in 1902, operates as a significant regional bank with assets totaling $11.3 billion across New Jersey and metropolitan areas in Philadelphia and New York City. The bank provides commercial and residential financing solutions, with a strong presence in asset management and deposit services.
OceanFirst Financial Corp. (NASDAQ: OCFC) reported a net income of $18.6 million ($0.31 per diluted share) for Q2 2020, down from $19.0 million ($0.37) in Q2 2019. For H1 2020, net income was $35.2 million ($0.58), compared to $40.2 million ($0.79) in H1 2019. Merger-related costs and COVID-19 impacts led to a decrease in profits. Loan and deposit growth was strong, with $975 million in quarterly originations, including $504 million in PPP loans. Operating expenses rose to $55.9 million due to mergers and COVID-19 costs. A quarterly dividend of $0.17 per share is declared for August 14, 2020.
OceanFirst Financial Corp. (NASDAQ:OCFC) will release its earnings for Q2 2020 on July 23, 2020, after market close. A conference call to discuss the results is scheduled for July 24 at 11:00 a.m. ET. The direct dial for the call is 1-888-338-7143, with a replay available until October 30, 2020. Operating since 1902, OceanFirst Bank is a $10.5 billion regional bank serving New Jersey and surrounding areas, offering various financial solutions and services.
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