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

Issuer:     OCEANFIRST FINANCIAL CORP (OCFC)
CIK:        0001004702
Form:       8-K
Filed at:   2024-01-18T23:59:59+00:00
Accession:  0001004702-24-000002
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1004702/000100470224000002/0001004702-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1004702/000100470224000002/ocfc-20240118.htm
  HTML page:      https://secwatch.observer/filing/0001004702-24-000002

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