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Oceanfirst Financial (OCFC)
NASDAQ:OCFC
Earnings Data
Report Date
Apr 23, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.4Last Year’s EPS
0.35Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong organic loan growth, consecutive quarters of net interest income expansion, robust asset quality, improved tangible book value and a strategic merger to expand market scale. Offsetting these positives were modest margin compression, a decline in noninterest income tied to the residential/title outsourcing, transaction-related and restructuring costs, and some isolated deposit repricing events. Management maintained positive forward guidance (mid- to high-single-digit loan and deposit growth and NIM expected to move past 3% during the year) and highlighted capital strength and dividend continuity.Company Guidance
Earnings Per Share (EPS)
Reported EPS of $0.23 on a fully diluted GAAP basis and $0.41 on a core basis for Q4 2025.
Net Interest Income Growth
Net interest income grew $5 million (5%) sequentially and 14% year-over-year, marking the fifth consecutive quarter of NII growth driven by a $446 million increase in average net loans.
Strong Loan Growth and Originations
Total loans increased $474 million in the quarter (an 18% annualized growth rate); loan originations were about $1 billion for the second consecutive quarter.
Commercial & Industrial (C&I) Momentum
C&I balances grew 42% year-over-year, aided by recent talent recruitment and contributing to loan mix shift and future interest income growth.
Asset Quality Metrics
Classified loans (special mention and substandard) decreased 10% to $112 million (≈1% of total loans). Nonperforming loans to total loans were 0.2%, nonperforming assets to total assets were 0.22%, and full-year net charge-offs remained very low at 5 basis points of total loans.
Core Expense Control
GAAP operating expenses were $84 million (including special items) while core operating expenses were $71 million, down $1 million (≈2%) sequentially; first-quarter core run-rate expected $70M–$71M.
Capital Strength and Tangible Book Value
Estimated CET1 ratio of 10.7% (benefited ~50 bps from the credit risk transfer) and tangible book value per share increased to $19.79.
Dividend Consistency
Board approved a quarterly cash dividend of $0.20 per common share — the company's 116th consecutive quarterly cash dividend.
Strategic M&A and Investment
Announced merger agreement with Flushing Financial Corporation and an investment agreement with Warburg Pincus; expected close in Q2 2026 with the acquisition positioned to expand presence in New York, improve scale and profitability, and support organic growth.
Premier Banking Deposit Traction
Premier Bank activities contributed $332 million in deposits across more than 1,300 accounts (>350 new customer relationships); Premier team grew deposits $90 million (37%) sequentially and lowered weighted average deposit cost 36 basis points to 2.28%; ~21% of those balances are noninterest-bearing DDA.
OCFC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
OCFC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 29, 2026 | $18.62 | $18.75 | +0.70% |
Oct 22, 2025 | $19.11 | $17.99 | -5.86% |
Jul 24, 2025 | $17.48 | $17.03 | -2.57% |
Apr 24, 2025 | $15.93 | $15.98 | +0.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Oceanfirst Financial (OCFC) report earnings?
Oceanfirst Financial (OCFC) is schdueled to report earning on Apr 23, 2026, After Close (Confirmed).
What is Oceanfirst Financial (OCFC) earnings time?
Oceanfirst Financial (OCFC) earnings time is at Apr 23, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OCFC EPS forecast?
OCFC EPS forecast for the fiscal quarter 2026 (Q1) is 0.4.