secwatch.observer — SEC 8-K summary
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Issuer:     OCEANFIRST FINANCIAL CORP (OCFC)
CIK:        0001004702
Form:       8-K
Filed at:   2025-01-23T23:59:59+00:00
Accession:  0001004702-25-000008
Event type: earnings
Sentiment:  negative
Materiality: 0.50
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1004702/000100470225000008/0001004702-25-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1004702/000100470225000008/ocfc-20250123.htm
  HTML page:      https://secwatch.observer/filing/0001004702-25-000008

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