8-K
filed January 18, 2024, 6:59 PM ET
ticker OCFC
CIK 0001004702
earnings
confidence high
sentiment negative
materiality 0.70
OceanFirst Q4 net income $26.7M ($0.46/shr) vs $52.3M ($0.89) YoY; full-year EPS $1.70
OCEANFIRST FINANCIAL CORP
2023-FY EPS reported
$1.70
- Q4 diluted EPS $0.46 vs $0.89 in Q4 2022; full-year EPS $1.70 vs $2.42.
- Net interest margin fell to 2.82% from 3.64% YoY; efficiency ratio 60.38% vs 44.56%.
- Common dividend declared $0.20/share payable Feb 16, record Feb 5; preferred $0.4375/dep.
- Return on average tangible common equity (ROTCE) 9.81% in Q4 vs 20.97% a year ago.
- Full-year net income available to common $100.0M vs $142.6M in 2022.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
OCEANFIRST FINANCIAL CORP reported the year ended December 31, 2023 results: net income $100.0 million, EPS $1.70 per diluted share.
- Period
- the year ended December 31, 2023
- Net income
- $100.0 million
- EPS
- $1.70 per diluted share
- Result
- reported results
Exact text from the filing
For the year ended December 31, 2023, the Company reported net income available to common stockholders of $100.0 million, or $1.70 per diluted share, as compared to $142.6 million, or $2.42 per diluted share, for the prior year.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
OCEANFIRST FINANCIAL CORP reported the quarter ended December 31, 2023 results: net income $26.7 million, EPS $0.46 per diluted share.
- Period
- the quarter ended December 31, 2023
- Net income
- $26.7 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 $26.7 million, or $0.46 per diluted share, for the quarter ended December 31, 2023, as compared to $52.3 million, or $0.89 per diluted share, for the corresponding prior year period, and $19.7 million, or $0.33 per diluted share, for the prior linked quarter.
View on SEC.gov
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