{"schema_version":"secwatch.filing_event.v1","accession":"0001004702-23-000154","form_type":"8-K","ticker":"OCFC","cik":"0001004702","company_name":"OCEANFIRST FINANCIAL CORP","filed_at":"2023-10-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.794914+00:00","generated_at":"2026-06-09T19:29:56.693946+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"OceanFirst Q3 net income falls 48% YoY to $19.7M; EPS $0.33 vs $0.64","bullets":["Net income available to common stockholders $19.7M ($0.33 diluted EPS), down from $37.6M ($0.64) in Q3 2022.","Net interest margin contracted to 2.91% from 3.36% a year ago; efficiency ratio worsened to 63.37% from 53.10%.","Nine-month net income $73.3M ($1.24 diluted EPS) vs $90.3M ($1.53) in prior year period.","Board declared $0.20/share common dividend payable Nov 17; $0.4375/depositary share preferred dividend payable Nov 15.","ROA fell to 0.57% from 1.19%; ROE decreased to 4.75% from 9.68% year-over-year."],"urls":{"canonical":"https://secwatch.observer/filing/0001004702-23-000154","json":"https://secwatch.observer/filing/0001004702-23-000154.json","markdown":"https://secwatch.observer/filing/0001004702-23-000154.md","text":"https://secwatch.observer/filing/0001004702-23-000154.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1004702/000100470223000154/0001004702-23-000154-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1004702/000100470223000154/ocfc-20231019.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T19:29:56.693946+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1aa104baab54b6f7c26ae7ee20142df60fd5efa6","claim":"OCEANFIRST FINANCIAL CORP reported the nine months ended September 30, 2023 results: net income $73.3 million, EPS $1.24 per diluted share.","evidence_excerpt":"For the nine months ended September 30, 2023, the Company reported net income available to common stockholders of $73.3 million, or $1.24 per diluted share, as compared to $90.3 million, or $1.53 per diluted share, for the corresponding prior year period.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1004702/000100470223000154/0001004702-23-000154-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the nine months ended September 30, 2023"},{"label":"Net income","value":"$73.3 million"},{"label":"EPS","value":"$1.24 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"fa99a77964e37924c762bb3688a200856c1b0475","claim":"OCEANFIRST FINANCIAL CORP reported the three months ended September 30, 2023 results: net income $19.7 million, EPS $0.33 per diluted share.","evidence_excerpt":"On October 19, 2023, OceanFirst Financial Corp. (the “Company”) issued a press release announcing its financial results for the quarter ended September 30, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1004702/000100470223000154/0001004702-23-000154-index.htm","confidence":0.85,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended September 30, 2023"},{"label":"Net income","value":"$19.7 million"},{"label":"EPS","value":"$0.33 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}