---
schema_version: "secwatch.filing_event.v1"
accession: "0001004702-24-000075"
form_type: "8-K"
ticker: "OCFC"
cik: "0001004702"
company_name: "OCEANFIRST FINANCIAL CORP"
filed_at: "2024-04-18T23:59:59+00:00"
generated_at: "2026-06-03T17:51:33.649062+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001004702-24-000075
- form_type: 8-K
- ticker: OCFC
- cik: 0001004702
- company_name: OCEANFIRST FINANCIAL CORP
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1004702/000100470224000075/0001004702-24-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1004702/000100470224000075/ocfc-20240418.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001004702-24-000075
- JSON: https://secwatch.observer/filing/0001004702-24-000075.json
- Plain text: https://secwatch.observer/filing/0001004702-24-000075.txt

## Key facts
- Earnings Releases
  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
  source text: announced net income available to common stockholders of $27.7 million, or $0.47 per diluted share, for the quarter ended March 31, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1004702/000100470224000075/0001004702-24-000075-index.htm

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