OceanFirst Financial reports Q2 core EPS 31c, consensus 34c

Reports Q2 tangible book value per share $19.34. Reports Q2 CET1 capital ratio 11%. Chairman and CEO, Christopher Maher, commented on the company’s results, “We are pleased to present our current quarter results, which reflected loan and deposit growth, stable asset quality metrics, capital returns through share repurchases, and modest net interest income and margin expansion.” Maher added, “Looking ahead, we expect to continue to build on this momentum from our commercial banking teams with a record commercial loan pipeline and new deposit relationship opportunities.”