8-K
filed January 19, 2023, 6:59 PM ET
ticker OCFC
CIK 0001004702
earnings
confidence high
sentiment positive
materiality 0.80
OceanFirst Q4 net income $52.3M, diluted EPS $0.89 vs $0.37 YoY; record annual earnings
OCEANFIRST FINANCIAL CORP
2022-FY EPS reported
$2.42
- Q4 net income available to common stockholders $52.3M, diluted EPS $0.89, up from $0.64 linked quarter and $0.37 YoY.
- Full year 2022 net income available to common $142.6M, diluted EPS $2.42 vs $1.78 in 2021.
- Net interest margin expanded to 3.64% from 2.99% YoY; efficiency ratio improved to 44.56% from 72.04%.
- Board declared common dividend $0.20/share payable Feb 17, 2023; preferred dividend $0.4375/depositary share payable Feb 15.
- Return on average assets 1.62%, return on average tangible common equity 20.97% for Q4.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
OCEANFIRST FINANCIAL CORP reported the year ended December 31, 2022 results: net income $142.6 million, EPS $2.42 per diluted share.
- Period
- the year ended December 31, 2022
- Net income
- $142.6 million
- EPS
- $2.42 per diluted share
- Result
- reported results
Exact text from the filing
For the year ended December 31, 2022, the Company reported net income available to common stockholders of $142.6 million, or $2.42 per diluted share, as compared to $106.1 million, or $1.78 per diluted share, for the prior year.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
OCEANFIRST FINANCIAL CORP reported the quarter ended December 31, 2022 results: net income $52.3 million, EPS $0.89 per diluted share.
- Period
- the quarter ended December 31, 2022
- Net income
- $52.3 million
- EPS
- $0.89 per diluted share
- Result
- reported results
Exact text from the filing
OceanFirst Financial Corp. (NASDAQ:“OCFC”) (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), announced net income available to common stockholders of $52.3 million, or $0.89 per diluted share, for the quarter ended December 31, 2022, as compared to $37.6 million, or $0.64 per diluted share, for the prior linked quarter, and $21.7 million, or $0.37 per diluted share, for the corresponding prior year period.
View on SEC.gov
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