OceanFirst Financial Q4 Earnings Call Highlights

OceanFirst Financial (NASDAQ:OCFC) outlined fourth-quarter 2025 results that absorption said reflected accelerating integrated growth, continued beardown plus quality, and disbursal actions tied to a residential outsourcing initiative, portion besides providing updates connected its pending merger with Flushing Financial Corporation and an concern statement with Warburg Pincus.

Chairman and CEO Christopher Maher said the institution reported net per stock of $0.23 connected a afloat diluted GAAP ground and $0.41 connected a halfway basis. Maher highlighted a 5th consecutive 4th of nett involvement income (NII) growth, with NII up $5 million, oregon 5%, from the anterior 4th and up 14% from the prior-year quarter. He attributed the quarter’s results to higher mean nett loans, which accrued by $446 million.

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OceanFirst’s nett involvement borderline (NIM) was 2.87%, which Maher said declined modestly versus the 3rd quarter. Total loans accrued $474 cardinal for the quarter, representing an 18% annualized maturation rate, driven by $1 cardinal successful originations.

President Joe Lebel said quarterly originations were “just northbound of $1 billion” for a 2nd consecutive 4th and produced “record quarterly indebtedness growth” of $474 million. Lebel besides pointed to the company’s commercialized and concern (C&I) franchise, saying C&I grew 42% for the year, with overmuch of that maturation occurring successful the 2nd fractional of 2025. He said that timing “bodes good for involvement income maturation aboriginal successful 2026.”

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On funding, Lebel said full deposits accrued $528 cardinal successful the 4th quarter, including $323 cardinal from integrated maturation crossed aggregate concern lines. He noted the Premier Bank squad grew deposits by $90 million, oregon 37%, from the linked quarter, and said the weighted mean outgo of the Premier deposit portfolio declined 36 ground points to 2.28% arsenic of December 31.

Chief Financial Officer Pat Barrett said pre-tax, pre-provision halfway net accrued 9%, oregon $3 million, versus the anterior quarter, driven by earning plus maturation implicit the 2nd fractional of the year. He said indebtedness yields decreased modestly owed to floating-rate resets and a portfolio premix shift.

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Barrett said full deposit costs accrued modestly owed to “very isolated upward repricing” for definite interest-bearing accounts and continued competitory deposit pricing. Borrowing costs besides contributed humble unit connected borderline owed to subordinated indebtedness issuance and status during the quarter. He added that maturation successful interest-earning assets included increases successful some securities and loans, with securities maturation tied to precocious third-quarter opportunistic purchases that besides modestly compressed margin.