OceanFirst Q4 net income $20.9M ($0.36/sh), down 22% YoY; full-year EPS $1.65 vs $1.70

OCEANFIRST FINANCIAL CORP

2024-FY EPS reported $1.65

Net income available to common stockholders Q4 2024: $20.9M ($0.36 diluted EPS), down from $26.7M ($0.46) in Q4 2023.
Full-year 2024 net income $96.0M ($1.65 diluted EPS), vs $100.0M ($1.70) in 2023.
Net interest margin contracted to 2.69% from 2.82% YoY; efficiency ratio worsened to 67.86% from 60.38%.
Board declared $0.20 per share quarterly dividend, payable Feb 14, 2025 to holders of record Feb 3, 2025.

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