OceanFirst Financial Corp. Announces Second Quarter Financial Results

RED BANK, N.J., July 30, 2026 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC) (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), reported a net loss of $3.0 million, or $0.04 per diluted share(1), for the three months ended June 30, 2026, compared to net income available for common stockholders of $16.2 million, or $0.28 per diluted share, for the corresponding prior year period, and net income of $20.5 million, or $0.36 per diluted share, for the linked quarter. For the six months ended June 30, 2026, the Company reported net income available to common stockholders of $17.5 million, or $0.27 per diluted share, as compared to $36.7 million, or $0.63 per diluted share, for the corresponding prior year period. Selected performance metrics are as follows (refer to “Selected Quarterly Financial Data” for additional information):

For the Three Months Ended,For the Six Months Ended, Performance Ratios (Annualized):June 30,March 31,June 30,June 30,June 30, 202620262025202620 25 Return on average assets(0.07)%0.57 %0.49 %0.22 %0.56 % Return on average stockholders’ equity(0.63)4.953.861.954.36 Return on average tangible stockholders’ equity ((a))(0.88)7.225.662.796.36 Return on average tangible common equity ((a))(0.88)7.225.662.796.36 Efficiency ratio98.8871.1371.9386.6768.82 Net interest margin3.052.932.912.992.91