OceanFirst Financial Reports Q1 2025 Financial Results

The latest announcement is out from Oceanfirst Financial ( (OCFC) ).

OceanFirst Financial Corp. announced its financial results for the first quarter ended March 31, 2025, reporting a net income of $20.5 million, a decrease from the previous year and the linked quarter. The company declared a regular quarterly cash dividend of $0.20 per share, payable on May 16, 2025. Key developments included a 21 basis point increase in net interest margin to 2.90%, a 6.1% rise in commercial and industrial loans, and a stable credit performance with a decrease in criticized and classified loans. The company highlighted strong asset quality metrics and capital accretion, including share repurchases.

Spark’s Take on OCFC Stock

According to Spark, TipRanks’ AI Analyst, OCFC is a Neutral.

Oceanfirst Financial’s overall score reflects a stable financial position with strong profitability and a solid balance sheet. The technical analysis indicates a bearish trend, which is a concern, but the valuation is attractive with a low P/E ratio and high dividend yield. The earnings call presents a stable outlook with strategic growth plans, despite some operational challenges. These factors collectively contribute to a balanced score, recognizing both strengths and areas requiring improvement.

To see Spark’s full report on OCFC stock, click here.

More about Oceanfirst Financial

OceanFirst Financial Corp. is the holding company for OceanFirst Bank N.A., operating in the financial services industry. The company primarily offers banking services and focuses on providing financial solutions to its customers.

YTD Price Performance: -8.66%

Average Trading Volume: 315,606

Technical Sentiment Signal: Buy

Current Market Cap: $946.9M

For detailed information about OCFC stock, go to TipRanks’ Stock Analysis page.