secwatch.observer — SEC 8-K summary
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Issuer:     OCEANFIRST FINANCIAL CORP (OCFC)
CIK:        0001004702
Form:       8-K
Filed at:   2025-04-24T23:59:59+00:00
Accession:  0001004702-25-000077
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OceanFirst Q1 net income down 26% YoY to $20.5M; dividend declared at $0.20
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- Net income available to common stockholders: $20.5M ($0.35 EPS) vs $27.7M ($0.47) YoY and $20.9M ($0.36) linked quarter.
- Return on average assets 0.62% (YoY 0.82%), net interest margin 2.90% (YoY 2.81%).
- Efficiency ratio deteriorated to 65.67% from 59.56% in prior-year quarter.
- Quarterly dividend of $0.20 per share declared; payable May 16, record May 5.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1004702/000100470225000077/0001004702-25-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1004702/000100470225000077/ocfc-20250424.htm
  HTML page:      https://secwatch.observer/filing/0001004702-25-000077

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