OceanFirst Financial board authorizes up to 3M share buyback

OceanFirst Financial (OCFC) Corp. announced that its board of directors has authorized a 2025 Stock Repurchase Program, under which the company may repurchase up to 3M shares, or approximately 5% of its outstanding common stock. This authorization is incremental to the company’s existing 2021 Stock Repurchase Program. “The repurchase program underscores our belief that OceanFirst shares represent a compelling investment opportunity,” said Christopher D. Maher, Chairman and Chief Executive Officer. “The program enhances our capital deployment flexibility, allowing us to respond opportunistically to market conditions while maintaining the capacity to invest in organic growth, strategic initiatives, and shareholder returns.”