Oceanfirst Financial (OCFC)
NASDAQ:OCFC
Want to see OCFC full AI Analyst Report?
Earnings Data
Report Date
Jul 23, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.45Last Year’s EPS
0.31Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally positive outlook driven by solid core earnings growth (core EPS +23% YoY), sustained net interest income momentum (+11% YoY), strong loan originations ($429M) and deposit growth, disciplined expense control (core expenses down 3% QoQ), and robust asset quality metrics. Strategic initiatives — outsourcing of residential lending, IT restructuring and AI investment — were highlighted as near-term efficiency drivers. Lowlights were limited and contained: a single commercial relationship drove an uptick in criticized loans, competitive pressure weighed on loan yields, noninterest income was modestly reduced by a lower gain on sale and swap income, and merger-related costs and the final Federal Reserve approval for the Flushing transaction remain execution risks. Overall, the positives outweigh the negatives, supporting a constructive sentiment toward the business trajectory.Company Guidance
Earnings Per Share Growth
GAAP EPS of $0.36 and core EPS of $0.43; GAAP EPS increased $0.01 QoQ and core EPS increased $0.08 YoY (23% increase vs prior year quarter).
Net Interest Income Momentum
Net interest income grew for the fifth consecutive quarter: +$1 million QoQ (+1%) and +$10 million YoY (+11%), driven by loan growth and NIM expansion.
Loan Origination and Growth
Quarterly originations totaled $429 million; total loans increased $92 million (approximately a 3% annualized growth rate) and average net loans rose by $268 million.
Net Interest Margin and Funding Cost Improvement
Net interest margin expanded to 2.93% during the quarter and total deposit costs decreased by 16 basis points, supporting margin expansion.
Commercial Portfolio and C&I Strength
C&I business grew ~19% on an annualized basis QoQ, and closed loan volume in C&I and commercial real estate was up 81% YoY, aided by recent hires (3 new C&I bankers in Q1).
Deposit Growth and Premier Bank Traction
Total deposits increased $192 million (2% QoQ); excluding broker deposits, deposits rose $314 million. Premier Bank deposits grew $9 million (3% QoQ); Premier added over 1,500 new accounts across 400 relationships since May 2025 and contributed $21 million in loan originations (pipeline $40 million).
Expense Discipline and Efficiency Initiatives
Core operating expenses declined to $69 million, down $2.1 million (3%) from the linked quarter, driven by outsourcing the residential lending platform and other cost initiatives; company investing in AI and IT restructuring to improve operating leverage.
Strong Capital, Book Value and Shareholder Actions
Estimated CET1 ratio of 10.7%; tangible book value per share increased to $19.86; declared quarterly cash dividend of $0.20 (117th consecutive quarter); share repurchases limited to employee equity vesting (no open buyback activity).
Asset Quality Remains Strong
Nonperforming loans to total loans and nonperforming assets to total assets both at 0.31%; criticized and substandard loans represent 1.5% of total loans (below 10-year average of 1.8%); net charge-offs de minimis at ~3 basis points annualized.
Progress on Strategic Merger
Merger agreement with Flushing Financial progressing: shareholder approvals received and state/OCC regulatory approvals obtained; Federal Reserve approval remains outstanding with expected close in Q2 2026 and systems integration/rebranding in Q3 2026.
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 |
|---|---|---|---|
Apr 23, 2026 | $18.86 | $18.88 | +0.11% |
Jan 29, 2026 | $18.23 | $18.36 | +0.70% |
Oct 22, 2025 | $18.71 | $17.61 | -5.87% |
Jul 24, 2025 | $17.11 | $16.67 | -2.57% |
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 Jul 23, 2026, After Close (Confirmed).
What is Oceanfirst Financial (OCFC) earnings time?
Oceanfirst Financial (OCFC) earnings time is at Jul 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 (Q2) is 0.45.