OceanFirst Q1 net income $27.7M, EPS $0.47; NIM narrows to 2.81% from 3.34%

OCEANFIRST FINANCIAL CORP

2024-Q1 EPS reported $0.47

Net income available to common stockholders $27.7M ($0.47 diluted EPS), compared to $26.9M ($0.46) in Q1 2023 and $26.7M ($0.46) in Q4 2023.
Net interest margin declined to 2.81% from 3.34% in Q1 2023 and 2.82% in Q4 2023.
Return on average assets 0.82%, return on average tangible common equity 10.09%, efficiency ratio 59.56%.
Declared common dividend $0.20/share payable May 17, 2024; preferred dividend $0.4375/share payable May 15, 2024.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

OCEANFIRST FINANCIAL CORP reported the quarter ended March 31, 2024 results: net income $27.7 million, or $0.47 per diluted share, EPS $0.47 per diluted share.

Period: the quarter ended March 31, 2024
Net income: $27.7 million, or $0.47 per diluted share
EPS: $0.47 per diluted share
Result: reported results

Exact text from the filing

announced net income available to common stockholders of $27.7 million, or $0.47 per diluted share, for the quarter ended March 31, 2024

View on SEC.gov

499 earnings releases filed in the last 30 days. Browse all earnings releases →

OCEANFIRST FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001004702-24-000075

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.