---
schema_version: "secwatch.filing_event.v1"
accession: "0001004702-23-000096"
form_type: "8-K"
ticker: "OCFC"
cik: "0001004702"
company_name: "OCEANFIRST FINANCIAL CORP"
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T22:03:48.350755+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001004702-23-000096
- form_type: 8-K
- ticker: OCFC
- cik: 0001004702
- company_name: OCEANFIRST FINANCIAL CORP
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1004702/000100470223000096/0001004702-23-000096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1004702/000100470223000096/ocfc-20230420.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001004702-23-000096
- JSON: https://secwatch.observer/filing/0001004702-23-000096.json
- Plain text: https://secwatch.observer/filing/0001004702-23-000096.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1004702/000100470223000096/0001004702-23-000096-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.