---
schema_version: "secwatch.filing_event.v1"
accession: "0001004702-24-000002"
form_type: "8-K"
ticker: "OCFC"
cik: "0001004702"
company_name: "OCEANFIRST FINANCIAL CORP"
filed_at: "2024-01-18T23:59:59+00:00"
generated_at: "2026-06-06T21:40:15.257337+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# OceanFirst Q4 net income $26.7M ($0.46/shr) vs $52.3M ($0.89) YoY; full-year EPS $1.70

## Summary
- 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.

## SEC filing metadata
- accession: 0001004702-24-000002
- form_type: 8-K
- ticker: OCFC
- cik: 0001004702
- company_name: OCEANFIRST FINANCIAL CORP
- filed_at: 2024-01-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1004702/000100470224000002/0001004702-24-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1004702/000100470224000002/ocfc-20240118.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001004702-24-000002
- JSON: https://secwatch.observer/filing/0001004702-24-000002.json
- Plain text: https://secwatch.observer/filing/0001004702-24-000002.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1004702/000100470224000002/0001004702-24-000002-index.htm
- Earnings Releases
  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
  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 $26.7 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1004702/000100470224000002/0001004702-24-000002-index.htm

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