OceanFirst Financial (OCFC) - 2024 Q4 - Earnings Call Presentation

Financial Performance - OceanFirst Financial Corp reported net income of $22.1 million and EPS of $0.38 for Q4 2024[6] - The company's net interest margin was 2.69% in Q4 2024[6] - The core return on average assets (ROAA) was 0.65%, and the core return on tangible common equity (ROTCE) was 7.89%[6] - The core efficiency ratio was 67.7%[6] Loan Portfolio - Net loans totaled $10.1 billion[6] - The loan portfolio is composed of $5.288 billion in CRE investor-owned loans, $902 million in CRE owner-occupied loans, $648 million in C&I loans, $3.050 billion in residential loans, and $230 million in home equity & consumer loans[7] - Commercial loans have increased by $5.9 billion since 2015[15] - Non-performing loans accounted for 0.27% of total loans[6] Deposit Base - Total deposits amounted to $10.1 billion[6] - The deposit base includes $1.617 billion in non-interest-bearing deposits, $4.001 billion in interest-bearing deposits, $1.301 billion in money market accounts, $1.066 billion in savings accounts, and $2.081 billion in time deposits[7] - Commercial deposits represent 52% of the total, while consumer deposits account for 48%[21]