secwatch.observer — SEC 8-K summary
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Issuer:     OCEANFIRST FINANCIAL CORP (OCFC)
CIK:        0001004702
Form:       8-K
Filed at:   2023-01-19T23:59:59+00:00
Accession:  0001004702-23-000002
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OceanFirst Q4 net income $52.3M, diluted EPS $0.89 vs $0.37 YoY; record annual earnings
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1004702/000100470223000002/0001004702-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1004702/000100470223000002/ocfc-20230119.htm
  HTML page:      https://secwatch.observer/filing/0001004702-23-000002

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