OceanFirst Financial (OCFC)
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OceanFirst Financial (OCFC) - 2024 Q3 - Quarterly Report
2024-10-31 20:10
Table of Contents Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐. Indicate by check mark whether the registrant has submitted electronically ev ...
OceanFirst Financial (OCFC) - 2024 Q3 - Earnings Call Transcript
2024-10-18 23:21
OceanFirst Financial Corp. (NASDAQ:OCFC) Q3 2024 Earnings Conference Call October 18, 2024 11:00 AM ET Company Participants Alfred Goon - Senior Vice President, Corporate Development and Investor Relations Christopher Maher - Chairman and Chief Executive Officer Joseph Lebel - President and Chief Operating Officer Patrick Barrett - Executive Vice President and Chief Financial Officer Conference Call Participants Frank Schiraldi - Piper Sandler Daniel Tamayo - Raymond James Tim Switzer - KBW David Bishop - H ...
OceanFirst Financial: Another Regional Bank At Highs, Mixed Operational Performance
Seeking Alpha· 2024-10-18 21:00
OceanFirst Financial Corp. (NASDAQ: OCFC ) is a smaller New Jersey-based regional bank that we highlighted in January of this year as tempting for income with its over 5% dividend yield, but we have been cautious Pay yourself dividends with outsized returns Get more with our playbook to significantly grow your wealth by embracing a blended trading and investing approach at our one-stop shop. Our prices go up November 1st, but right now we have a big sale on the current price. Join NOW and you can lock in 75 ...
OceanFirst (OCFC) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2024-10-17 23:01
OceanFirst Financial (OCFC) reported $96.9 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 4.8%. EPS of $0.39 for the same period compares to $0.32 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $92.79 million, representing a surprise of +4.43%. The company delivered an EPS surprise of +2.63%, with the consensus EPS estimate being $0.38. While investors closely watch year-over-year changes in headline numbers -- revenue and earn ...
OceanFirst Financial (OCFC) Q3 Earnings and Revenues Top Estimates
ZACKS· 2024-10-17 22:30
OceanFirst Financial (OCFC) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 2.63%. A quarter ago, it was expected that this holding company for OceanFirst Bank would post earnings of $0.42 per share when it actually produced earnings of $0.39, delivering a surprise of -7.14%. Over th ...
OceanFirst Financial (OCFC) - 2024 Q3 - Quarterly Results
2024-10-17 20:59
For the Three Months Ended, For the Nine Months Ended, Press Release Exhibit 99.1 Company Contact: Patrick S. Barrett Chief Financial Officer OceanFirst Financial Corp. Tel: (732) 240-4500, ext. 27507 Email: pbarrett@oceanfirst.com FOR IMMEDIATE RELEASE OCEANFIRST FINANCIAL CORP. ANNOUNCES THIRD QUARTER FINANCIAL RESULTS RED BANK, NEW JERSEY, October 17, 2024 - OceanFirst Financial Corp. (NASDAQ:OCFC) (the "Company"), the holding company for OceanFirst Bank N.A. (the "Bank"), announced net income available ...
OceanFirst Financial Corp. Announces Third Quarter Financial Results
GlobeNewswire News Room· 2024-10-17 20:15
RED BANK, N.J., Oct. 17, 2024 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC) (the "Company"), the holding company for OceanFirst Bank N.A. (the "Bank"), announced net income available to common stockholders of $24.1 million, or $0.42 per diluted share, for the three months ended September 30, 2024, an increase from $19.7 million, or $0.33 per diluted share, for the corresponding prior year period, and $23.4 million, or $0.40 per diluted share, for the prior linked quarter. For the nine months ...
Seeking Clues to OceanFirst (OCFC) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics
ZACKS· 2024-10-14 14:23
Wall Street analysts expect OceanFirst Financial (OCFC) to post quarterly earnings of $0.38 per share in its upcoming report, which indicates a year-over-year increase of 18.8%. Revenues are expected to be $92.79 million, down 8.8% from the year-ago quarter. The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period. Prior to a compan ...
OceanFirst Financial (OCFC) Reports Next Week: Wall Street Expects Earnings Growth
ZACKS· 2024-10-10 15:08
OceanFirst Financial (OCFC) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on October 17, 2024, might help the stock move higher if these key numbers are ...
CommUNITYFirst Day 2024, Held on September 24th, Benefits Thousands
GlobeNewswire News Room· 2024-09-25 20:30
RED BANK, N.J., Sept. 25, 2024 (GLOBE NEWSWIRE) -- OceanFirst Bank N.A. ("OceanFirst" or the "Bank"), a subsidiary of OceanFirst Financial Corp. (NASDAQ:OCFC), held its third annual CommUNITYFirst Day on September 24th, 2024, providing volunteer assistance to community organizations across the Bank's market area. All OceanFirst branch locations and loan offices were closed on the afternoon of September 24th to enable employees to volunteer at local nonprofit organizations, with more than 700 team members jo ...