Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ________________________________________________ FORM 10-Q ________________________________________________ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 Registrant's telephone number, including area code: (732) 240-4500 ________________________________________________ Securities registered pursuant to Section 12(b) of the Act: | Title ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ________________________________________________ FORM 10-Q ________________________________________________ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-11713 ________________________ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number: 001-11713 OceanFirst Financial Corp. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organizat ...

FORM 10-Q ________________________________________________ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-11713 ________________________________________________ Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ____________________ ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ________________________________________________ FORM 10-Q ________________________________________________ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-11713 _________________________ ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ________________________________________________ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-11713 ________________________________________________ OceanFirst Financial Cor ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number: 001-11713 OceanFirst Financial Corp. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organizat ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ________________________________________________ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-11713 ________________________________________________ OceanFirst Financial ...

Financial Performance - Net income available to common stockholders for Q2 2021 was $29.6 million, or $0.49 per diluted share, compared to $18.6 million, or $0.31 per diluted share, in Q2 2020[18]. - Operating expenses for Q2 2021 were $51.7 million, reflecting the impact of new commercial banking hires and savings from branch consolidations[20]. - The provision for income taxes was $10.1 million for Q2 2021, with an effective tax rate of 24.8%, up from 24.0% in Q2 2020[41]. - Non-interest income for the six months ended June 30, 2021 increased to $32.6 million from $25.1 million in the same period of 2020, including a net gain on equity investments of $8.9 million[39]. - Cash dividends on common stock declared during the first six months of 2021 were $20.3 million, slightly down from $20.5 million in the same period of 2020[49]. Assets and Liabilities - Total assets as of June 30, 2021, were $11.48 billion, a slight decrease from $11.58 billion in the previous quarter[10]. - Total assets increased by $35.6 million to $11.48 billion at June 30, 2021, from $11.45 billion at December 31, 2020[31]. - Total loans, excluding PPP loans, increased by $77.1 million to $7.74 billion at June 30, 2021, from $7.66 billion at December 31, 2020[31]. - Deposits decreased by $12.3 million to $9.42 billion at June 30, 2021, from $9.43 billion at December 31, 2020[32]. - Total interest-earning assets amounted to $10,252,090 thousand, while total interest-bearing liabilities were $7,279,970 thousand as of June 30, 2021[72]. Loan Performance - The company reported a record loan pipeline of $628.6 million as of June 30, 2021, following the addition of seven commercial bankers in the quarter[20]. - Non-performing loans as a percentage of total loans receivable was 0.41% as of June 30, 2021, compared to 0.43% in the previous quarter[10]. - Non-performing loans decreased to $31.7 million at June 30, 2021, from $36.4 million at December 31, 2020, representing a reduction of approximately 18.8%[62]. - The allowance for loan credit losses was $53.9 million, or 0.69% of total loans, as of June 30, 2021, down from $60.7 million, or 0.78% of total loans, at December 31, 2020[62]. - The Company has implemented short-term modification programs for borrowers impacted by COVID-19, allowing for deferral of principal and interest payments[63]. Capital and Equity - The stockholders' equity to total assets ratio was 13.14% at June 30, 2021, indicating a well-capitalized position[19]. - Stockholders' equity increased to $1.51 billion at June 30, 2021, compared to $1.48 billion at December 31, 2020[33]. - As of June 30, 2021, the Company maintained a Tier 1 capital ratio of 12.69% and a total capital ratio of 15.37%, exceeding the regulatory requirements[53]. - The Company's stockholders' equity to total assets ratio was 13.14% as of June 30, 2021, compared to 12.96% as of December 31, 2020[54]. Interest Income and Margin - Net interest income increased to $74.0 million in Q2 2021 from $73.6 million in the prior quarter, driven by a growth in non-interest bearing deposits by $372.2 million year-to-date[20]. - Net interest income for the three months ended June 30, 2021, was $74,016 thousand, compared to $78,667 thousand for the same period in 2020[28]. - The net interest margin for the three months ended June 30, 2021, was 2.89%, down from 3.24% for the same period in 2020[28]. - Interest income for the six months ended June 30, 2021 decreased to $168.2 million from $194.1 million in the same period of 2020, with average interest-earning assets increasing by $791.3 million[35]. - Net interest income for the six months ended June 30, 2021 decreased to $147.6 million, reflecting a net interest margin reduction to 2.91% from 3.37% in the prior year[37]. Risk Factors - The Company faces significant risks due to the ongoing COVID-19 pandemic, which may adversely affect demand for its products and services, potentially leading to increased loan delinquencies and reduced income[68]. - The Company’s allowance for loan credit losses may increase due to borrowers experiencing financial difficulties, impacting net income[68]. - The Company’s cyber security risks have increased due to a rise in online banking usage and remote work[68]. Share Repurchase - The company repurchased 1.0 million shares at a weighted average cost of $20.94 under its stock repurchase program[33]. - The Company repurchased 500,000 shares of common stock in Q2 2021, totaling 1.0 million shares repurchased for the six months ended June 30, 2021[48].

Financial Performance - Net interest income for the quarter ended March 31, 2021, was $73.6 million, down from $79.6 million in the same quarter of the previous year[30]. - The diluted earnings per share for the quarter was $0.53, compared to $0.54 for the previous quarter[1]. - Net income available to common stockholders was $31.7 million, or $0.53 per diluted share, for the quarter ended March 31, 2021, up from $16.5 million, or $0.27 per diluted share, for the same period in 2020[35]. - Interest income decreased to $84.9 million for the quarter ended March 31, 2021, down from $98.2 million in the prior year period[36]. - Operating expenses decreased to $51.7 million for the quarter ended March 31, 2021, down from $62.8 million in the same prior year period[41]. - The provision for income taxes was $10.7 million for the quarter ended March 31, 2021, compared to $4.0 million for the same prior year period[42]. Asset and Liability Management - Total assets increased by $129.2 million to $11.58 billion at March 31, 2021, compared to $11.45 billion at December 31, 2020[32]. - Loans receivable, net of allowance for loan credit losses, rose by $115.7 million to $7.82 billion at March 31, 2021, from $7.70 billion at December 31, 2020[32]. - Deposits increased by $75.2 million to $9.50 billion at March 31, 2021, compared to $9.43 billion at December 31, 2020[33]. - The loan-to-deposit ratio was 82.84% at March 31, 2021, compared to 82.27% at December 31, 2020[33]. - Total interest-bearing liabilities were reported at $7,447,518, with interest-bearing checking accounts comprising $3,623,132[73]. Equity and Capital - Stockholders' equity increased to $1.50 billion at March 31, 2021, compared to $1.48 billion at December 31, 2020[34]. - The stockholders' equity per common share increased to $24.84 at the end of the period, up from $24.57 at the end of the previous quarter[1]. - The Company maintained a stockholders' equity to total assets ratio of 12.95%, slightly down from 12.96% at December 31, 2020[55]. - Total capital to risk-weighted assets ratio stood at 15.60% as of March 31, 2021, significantly above the regulatory minimum of 10.50%[54]. Loan Quality and Credit Losses - Non-performing loans decreased to $34.1 million at March 31, 2021, from $36.4 million at December 31, 2020[1]. - The allowance for loan credit losses totaled $60.0 million, or 0.76% of total loans, as of March 31, 2021, compared to $60.7 million, or 0.78% of total loans at December 31, 2020[63]. - The Company's non-performing loans decreased to $34.1 million at March 31, 2021, from $36.4 million at December 31, 2020, representing a reduction of approximately 6.3%[63]. - The benefit for credit loss expense was $620,000 for the quarter ended March 31, 2021, compared to a provision for credit loss expense of $10.0 million for the same period in 2020[39]. Interest Rate Sensitivity - The company's one-year interest sensitivity gap was positive at 22.82%, an increase from 18.05% at December 31, 2020[72]. - The interest sensitivity gap indicates a positive outlook for net interest income under rising interest rates[75]. - The analysis of interest rate sensitivity is based on certain assumptions that may oversimplify actual market responses[75]. - The cash liquidity position remains elevated, impacting interest rate sensitivity[76]. - The overall loan and debt securities portfolio growth continues to impact interest rate sensitivity positively[76]. Other Income and Expenses - Other income increased to $20.8 million for the quarter ended March 31, 2021, compared to $13.7 million for the same prior year period[40]. - The Company repurchased 500,000 shares at a weighted average cost of $19.94 during the quarter ended March 31, 2021[34]. - The reserve for repurchased loans and loss sharing obligations was $1.2 million as of March 31, 2021, consistent with the previous reporting period[58]. - The Company has commitments to fund undrawn lines of credit totaling $725.8 million for commercial and $377.7 million for consumer/construction as of March 31, 2021[59]. Economic Value of Equity - Economic Value of Equity (EVE) under a 300 basis point rate shock increased by 31.6% to $2,135,781 as of March 31, 2021[76]. - The EVE under a static scenario is $1,623,437, with a Net Interest Income of $294,985, showing no change in percentage[76]. - Under a 100 basis points rate shock, the EVE is $1,831,006, with a Net Interest Income of $312,951, indicating a 12.8% and 6.1% increase respectively[76]. - The EVE under a 200 basis points rate shock is $2,000,867, with a Net Interest Income of $329,626, representing a 23.2% and 11.7% increase respectively[76]. - The EVE decreased to $1,336,840 under a (100) basis points rate shock, with a Net Interest Income of $281,029, reflecting a 17.7% and 4.7% decrease respectively[76].