| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 102.96 | 3.6% | 6.3% |
| Total Income | 102.96 | 3.6% | 6.3% |
| Expenditure | 80.48 | 8.0% | 25.1% |
| PBT | 22.54 | 9.3% | 31.0% |
| Net Profit | 17.33 | 9.0% | 31.0% |
| OPM | — | ||
| NPM | 16.83% | 2.34pp | 9.09pp |
| EPS | 0.30 | 7.1% | 28.6% |
OceanFirst Financial Corp. Announces Q3 2025 Financial Results
04 May 2026 · 4 May, 8:56 am
Summary
OceanFirst Financial Corp. announced net income available to common stockholders of $17.3 million, or $0.30 per diluted share, for the three months ended September 30, 2025. Total loans increased by $372.9 million, representing a 14% annualized growth rate. Commercial loan originations increased 74% to $739.2 million from the linked quarter. Net interest income increased to $90.7 million, and net interest margin increased to 2.91%.
Key Highlights
- 1
OceanFirst Financial Corp. reported net income available to common stockholders of $17.3 million, or $0.30 per diluted share, for the three months ended September 30, 2025.
- 2
Total loans increased by $372.9 million, representing a 14% annualized growth rate, including $219.1 million of commercial and industrial loan growth.
- 3
Commercial loan originations increased 74% to $739.2 million, from $425.9 million in the linked quarter.
- 4
Total deposits increased to $10.4 billion from $10.2 billion in the linked quarter.
- 5
Net interest income increased to $90.7 million, from $82.2 million, primarily due to increased balances and net interest margin.
- 6
Net interest margin increased to 2.91%, from 2.67%.
- 7
The Board of Directors declared its 115th consecutive quarterly cash dividend on common stock of $0.20 per share.
Management Comments
Christopher D. Maher
We are pleased to present our current quarter results, which reflect increased earnings, driven by strong organic loan and deposit growth while maintaining a robust commercial loan pipeline. We are also announcing a shift in our residential business where we have partnered with a national mortgage banking company to originate residential loans, materially reducing the number of employees and operating expenses as we move into 2026. Additionally, the Bank hosted its annual CommUNITYFirst Day last month. Thank you to our exceptional employees and nonprofit partners who help enrich our communities, not only during this event, but throughout the year.
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