OceanFirst Q2 net income drops 12.7% to $0.40 EPS; NIM tightens to 2.71%

OCEANFIRST FINANCIAL CORP

2024-Q2 EPS reported $0.87

Net income common $23.4M ($0.40 EPS), down from $26.8M ($0.45) Q2 2023 and $27.7M ($0.47) prior quarter.
NIM 2.71%, down 31 bps YoY and 10 bps linked quarter.
ROAA 0.70% vs 0.80% YoY; ROTCE 8.51% vs 10.21% YoY.
Common dividend $0.20/sh unchanged, payable Aug 16; preferred $0.4375/sh payable Aug 15.
Efficiency ratio 62.86% vs 62.28% YoY; no guidance update.

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.