secwatch.observer — SEC 8-K summary
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Issuer:     OCEANFIRST FINANCIAL CORP (OCFC)
CIK:        0001004702
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0001004702-24-000094
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1004702/000100470224000094/0001004702-24-000094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1004702/000100470224000094/ocfc-20240718.htm
  HTML page:      https://secwatch.observer/filing/0001004702-24-000094

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer