secwatch.observer — SEC 8-K summary
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Issuer:     OCEANFIRST FINANCIAL CORP (OCFC)
CIK:        0001004702
Form:       8-K
Filed at:   2024-04-18T23:59:59+00:00
Accession:  0001004702-24-000075
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1004702/000100470224000075/0001004702-24-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1004702/000100470224000075/ocfc-20240418.htm
  HTML page:      https://secwatch.observer/filing/0001004702-24-000075

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