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Recent Updates — OCFC

July 30, 2026View Source ↗

OceanFirst Financial Corp. reported a net loss of $3.0 million, or $0.04 per diluted share, for the quarter ended June 30, 2026, compared to net income of $16.2 million in the prior year period. The results were significantly impacted by $42.8 million in non-recurring merger-related expenses from the acquisition of Flushing Financial Corporation, which closed on June 1, 2026. Total assets increased to $23.3 billion following the acquisition, while the company sold $1.31 billion of multifamily loans at a price of 92.25% to reduce commercial real estate concentration. The Board declared a regular quarterly cash dividend of $0.20 per share, payable on August 21, 2026, to shareholders of record as of August 10, 2026. OceanFirst Financial Corp. operates in the banking industry and provides commercial and residential financing, treasury management, and deposit services through its subsidiary, OceanFirst Bank.

June 30, 2026View Source ↗

OceanFirst Financial Corp. filed this amendment to correct a previously reported figure regarding loan collateral with rent-regulated exposure. The amount was erroneously stated as $736 million and is corrected to $836 million. OceanFirst Financial Corp. is a financial services company providing banking services.

June 29, 2026View Source ↗

OceanFirst Financial Corp. completed the sale of multifamily loans acquired through its recent acquisition of Flushing Financial Corporation. OceanFirst Financial Corp. is a financial services company providing banking and loan services.

June 8, 2026View Source ↗

OceanFirst Financial Corp. announced the proposed sale of multifamily loans acquired through its recent acquisition of Flushing Financial Corporation. Details regarding the loan sale are provided in the attached press release.

June 1, 2026View Source ↗

OceanFirst Financial Corp. completed its merger with Flushing Financial Corporation on June 1, 2026, with Flushing shareholders receiving 0.85 shares of OceanFirst common stock for each share held. OceanFirst issued approximately 29.30 million shares for the merger and assumed $251.86 million in subordinated debt. Additionally, OceanFirst sold 9.5 million shares and 1,812 shares of a new non-voting common-equivalent stock to Warburg Pincus for $225 million, along with a warrant to purchase 11.4 million additional shares.