OceanFirst Financial reports Q1 core EPS 43c, consensus 38c

Reports Q1 tangible book value per share $19.86. Reports Q1 CET1 capital ratio 10.7%. Chairman and CEO, Christopher Maher, commented on the company’s results, “We are pleased to report strong first quarter results driven by continued loan growth, net interest margin expansion, and expense discipline. The Company remains focused on growing our business and improving profitability through margin expansion and prudent expense discipline.” Maher added, “Our announced merger agreement with Flushing Financial Corporation has recently been approved by shareholders, the New York State Department of Financial Services and the Office of the Comptroller of the Currency. It remains subject to the receipt of the requisite regulatory approval from the Board of Governors of the Federal Reserve System and other customary closing conditions. We continue to expect the merger to close in the second quarter of 2026.”