OceanFirst Financial Q4 Earnings Call Highlights

Barrett said total deposit costs increased modestly due to “very isolated upward repricing” for certain interest-bearing accounts and continued competitive deposit pricing. Borrowing costs also contributed modest pressure on margin due to subordinated debt issuance and retirement during the quarter. He added that growth in interest-earning assets included increases in both securities and loans, with securities growth tied to late third-quarter opportunistic purchases that also modestly compressed margin.Chi ...