secwatch.observer — SEC 8-K summary
======================================

Issuer:     OCEANFIRST FINANCIAL CORP (OCFC)
CIK:        0001004702
Form:       8-K
Filed at:   2023-07-20T23:59:59+00:00
Accession:  0001004702-23-000131
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OceanFirst Q2 net income $26.8M, EPS $0.45; declares dividends
--------------------------------------------------------------

- Net income available to common stockholders $26.8M ($0.45/diluted) vs $28.0M ($0.47) in Q2 2022.
- Return on average assets 0.80%; return on average tangible common equity 10.21%.
- Net interest margin 3.02% down from 3.34% prior quarter and 3.29% year ago.
- Common dividend $0.20/share payable Aug 18; preferred dividend $0.4375/share payable Aug 15.
- Efficiency ratio 62.28% vs 59.65% a year ago.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1004702/000100470223000131/0001004702-23-000131-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1004702/000100470223000131/ocfc-20230720.htm
  HTML page:      https://secwatch.observer/filing/0001004702-23-000131

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer