---
schema_version: "secwatch.filing_event.v1"
accession: "0001004702-24-000094"
form_type: "8-K"
ticker: "OCFC"
cik: "0001004702"
company_name: "OCEANFIRST FINANCIAL CORP"
filed_at: "2024-07-18T23:59:59+00:00"
generated_at: "2026-05-31T19:27:36.342563+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001004702-24-000094
- form_type: 8-K
- ticker: OCFC
- cik: 0001004702
- company_name: OCEANFIRST FINANCIAL CORP
- filed_at: 2024-07-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1004702/000100470224000094/0001004702-24-000094-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1004702/000100470224000094/ocfc-20240718.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001004702-24-000094
- JSON: https://secwatch.observer/filing/0001004702-24-000094.json
- Plain text: https://secwatch.observer/filing/0001004702-24-000094.txt

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