OceanFirst Q1 net income $26.9M ($0.46 EPS); NIM 3.34%

OCEANFIRST FINANCIAL CORP

2023-Q1 EPS reported $0.46

Net income available to common stockholders $26.9M, diluted EPS $0.46 vs $0.42 in Q1 2022 and $0.89 in Q4 2022.
Net interest margin 3.34% vs 3.64% in prior quarter and 3.18% in prior year quarter.
Return on average assets 0.82%, return on average tangible common equity 10.53%.
Board declared quarterly dividend $0.20 per share, payable May 19, record May 8.
Efficiency ratio 60.78% vs 44.56% in prior linked quarter.

item 2.02 item 7.01 item 8.01 item 9.01

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 quarter ended March 31, 2023 results: net income $26.9 million, EPS $0.46 per diluted share.

Period: quarter ended March 31, 2023
Net income: $26.9 million
EPS: $0.46 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 $26.9 million, or $0.46 per diluted share, for the quarter ended March 31, 2023, as compared to $24.8 million, or $0.42 per diluted share, for the corresponding prior year period, and $52.3 million, or $0.89 per diluted share, for the prior linked quarter.

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OCEANFIRST FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001004702-23-000096

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