Todd Schell
Todd Schell, designated by Warburg, was appointed to serve as a director of OceanFirst
Highest-materiality recent filing
OceanFirst closes acquisition of Flushing Financial; issues shares to Warburg Pincus
Completed merger with Flushing Financial; each Flushing share converted into 0.85 shares of OceanFirst common stock.
OceanFirst and Flushing receive all regulatory approvals for merger; close expected by June 1, 2026
Federal Reserve approved merger on April 24, 2026; NYS DFS and OCC approved earlier in March and April.
OceanFirst shareholders approve merger share issuance; exemption amendment fails
Share issuance proposal passed with 42.0M for, 2.5M against; exemption amendment failed 18.4M for, 26.1M against.
OceanFirst Q4 net income falls to $13.1M from $20.9M; EPS $0.23 vs $0.36 YoY
Net income available to common stockholders $13.1M ($0.23 diluted EPS) vs $20.9M ($0.36) a year ago and $17.3M ($0.30) linked quarter.
OceanFirst to acquire Flushing Financial in 0.85 exchange ratio deal; Warburg invests $225M
Each Flushing share converted into 0.85 shares of OceanFirst common stock.
OceanFirst to acquire Flushing Financial in $579M all-stock deal; Warburg invests $225M
Merger consideration of 0.85x OCFC share per FFIC share; total value ~$579M based on OCFC's $19.76 closing price.
OceanFirst prices $185M of 6.375% subordinated notes due 2035; net proceeds ~$181.9M
Issued $185M aggregate principal of 6.375% Fixed-to-Floating Rate Subordinated Notes due 2035.
OceanFirst Q3 2025 EPS $0.30, down 29% YoY; declares $0.20 dividend
Net income $17.3M ($0.30 diluted EPS) vs $24.1M ($0.42) in Q3 2024, a 28% decline YoY.
OceanFirst Q2 earnings fall 31% YoY; net income $16.2M, EPS $0.28
Net income available to common stockholders $16.2M ($0.28 diluted) vs $23.4M ($0.40) in Q2 2024.
OceanFirst authorizes buyback of up to 3M shares (~5% of outstanding)
Board authorized repurchase of up to 3 million shares, or approximately 5% of outstanding common stock.
OceanFirst Q1 net income down 26% YoY to $20.5M; dividend declared at $0.20
Net income available to common stockholders: $20.5M ($0.35 EPS) vs $27.7M ($0.47) YoY and $20.9M ($0.36) linked quarter.
OceanFirst Q3 net income $24.1M ($0.42 EPS), up 22% YoY; dividend steady
Net income available to common stockholders of $24.1M ($0.42 diluted EPS) in Q3 2024, up from $19.7M ($0.33) a year ago.
OceanFirst Q2 net income drops 12.7% to $0.40 EPS; NIM tightens to 2.71%
Net income common $23.4M ($0.40 EPS), down from $26.8M ($0.45) Q2 2023 and $27.7M ($0.47) prior quarter.
Todd Schell, designated by Warburg, was appointed to serve as a director of OceanFirst
John R. Buran was appointed as the Non-Executive Chairman of the OceanFirst Board.
Christopher D. Maher, the Chairman, President and Chief Executive Officer of OceanFirst, ceased serving as Chairman of the OceanFirst Board.
each John F. Barros, Kimberly M. Guadagno and Joseph M. Murphy, Jr., ceased to serve as a member of the OceanFirst Board
each John F. Barros, Kimberly M. Guadagno and Joseph M. Murphy, Jr., ceased to serve as a member of the OceanFirst Board
each John F. Barros, Kimberly M. Guadagno and Joseph M. Murphy, Jr., ceased to serve as a member of the OceanFirst Board
Max materiality 0.90 · Median 0.50 · Most common event earnings