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OceanFirst Financial (OCFC) investor relations material

OceanFirst Financial Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2025 earnings summary25 Jul, 2025

Executive summary

  • Q2 2025 core EPS was $0.31 and GAAP EPS was $0.28, with net income of $16.2M, reflecting an investment quarter with increased expenses from hiring and expansion.

  • Total loans grew by $59.8M (2% annualized), with commercial and industrial loans up $132M; commercial loan pipeline reached a record $791M, up 111% sequentially.

  • Premier Banking launched in April, adding 200 new relationships and $115M in deposits at a 2.71% cost.

  • 1,003,550 shares repurchased and all preferred stock redeemed for $57M during the quarter; board authorized repurchase of up to 3M additional shares.

  • Tangible book value per share increased to $19.34 sequentially; book value per share at $28.64.

Financial highlights

  • Net interest income reached $88M in Q2 2025, up from $82.3M year-over-year; net interest margin improved to 2.91% from 2.71%.

  • Total deposits increased $166.1M to $10.23B, driven by time deposits and brokered deposits.

  • Operating expenses rose to $71.5M in Q2, in line with guidance, including $1.6M in nonrecurring recruiting fees.

  • Provision for credit losses was $3.0M for Q2, with net loan charge-offs of $2.2M.

  • Book value per share at period end was $28.64, down from $29.27 sequentially.

Outlook and guidance

  • Q3 2025 loans expected to grow 2–3% sequentially, with deposit growth to match; net interest income and margin projected to remain stable or slightly increase.

  • Operating expenses anticipated at $71–72M per quarter, reflecting a full quarter of new hires.

  • CET1 ratio expected to remain robust above 10%, supporting growth and share repurchases.

  • Management expects continued momentum in commercial banking, supported by a record commercial loan pipeline and new deposit relationships.

  • Effective tax rate expected to remain in the 23%–25% range.

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Frequently asked questions

OceanFirst Financial Corp is a bank holding company providing commercial and consumer banking services through its subsidiaries. The company offers deposit products, residential and commercial loans, and wealth management services. It serves customers in New Jersey, New York, and Pennsylvania through a network of branch offices and digital platforms. The company is headquartered in Red Bank, New Jersey, and its shares are listed on the NASDAQ.

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