OceanFirst Financial Corp. Announces First Quarter Earnings and Financial Results
OceanFirst Financial Corp. (OCFC)
Last oceanfirst financial corp. earnings: 4/23 08:40 pm
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US:NASDAQ Investor Relations:
oceanfirstonline.com/home/home
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Source: GlobeNewswire
RED BANK, N.J., April 23, 2020 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:“OCFC”), (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), today announced that net income was $16.5 million, or $0.27 per diluted share, for the quarter ended March 31, 2020, as compared to $21.2 million, or $0.42 per diluted share, for the corresponding prior year period. The results of operations for the quarter ended March 31, 2020 include merger related expenses, branch consolidation expenses, and the Two River Bancorp (“Two River”) and Country Bank Holding Company, Inc. (“Country Bank”) opening credit loss expense under the Current Expected Credit Loss (“CECL”) model, which decreased net income, net of tax benefit, by $10.4 million. Excluding these items, core earnings for the quarter ended March 31, 2020 was $27.0 million, or $0.45 per diluted share. (Please refer to the Non-GAAP Reconciliation table at the end of this document for details on the earnings impact of
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OCFC
News
- Is It Smart To Buy OceanFirst Financial Corp. (NASDAQ:OCFC) Before It Goes Ex-Dividend? [Yahoo! Finance]Yahoo! Finance
- OceanFirst Financial (NASDAQ:OCFC) Has Announced A Dividend Of $0.20 [Yahoo! Finance]Yahoo! Finance
- OceanFirst Financial Corp. (NASDAQ: OCFC) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- OceanFirst Financial Corp. (NASDAQ: OCFC) had its price target lowered by analysts at Raymond James from $22.00 to $20.00. They now have an "outperform" rating on the stock.MarketBeat
- OceanFirst Financial Corp. (NASDAQ:OCFC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
OCFC
Earnings
- 4/18/24 - Beat
OCFC
Sec Filings
- 4/18/24 - Form 8-K
- 4/11/24 - Form ARS
- 4/11/24 - Form DEF
- OCFC's page on the SEC website