Oceanfirst Financial Stock Earnings Reports

OceanFirst reported Q3 2025 GAAP EPS of $0.30 and core EPS of $0.36, driven by a fourth consecutive quarter of net interest income growth (up $3 million sequentially) and strong loan originations ($1.0 billion) that produced $373 million of loan growth (14% annualized). Net interest margin held relatively stable at 2.91%. Asset quality remains strong (special mention and substandard loans down 15% to $124 million; NPLs 0.39%; NPAs 0.34%), and provision expense was driven primarily by loan and unfunded commitment growth. Management announced an outsourcing of residential loan originations and underwriting that produced $4.1 million of restructuring charges in Q3 and is expected to incur an additional ~$8 million in one‑time charges in Q4; the initiative should yield roughly $10 million of pretax annual operating expense benefit beginning in 2026, with an associated modest (~$4 million annual) revenue headwind as gain-on-sale and title fees decline. Deposits increased $203 million (organic growth of $321 million before a $118 million drop in brokered CDs); the new Premier banking teams onboarded in April are adding deposit and commercial relationships (Premier deposits of $242 million in 1,100+ accounts to date). Capital remains solid (estimated CET1 ~10.6%; TBV/share $19.52); the board approved the quarterly dividend of $0.20. Management provided renewed forward-looking guidance: 2026 loan growth of 7%–9% (C&I driven), deposit growth roughly in line with loans (LTD ~100%), net interest income growth in line with or exceeding loan growth (high single digits), NIM expected to cross ~3% in early 2026 (with upside if the Fed cuts as modeled), other income of $25M–$35M (reduced by outsourcing), operating expenses of $275M–$285M, CET1 at or above 10.5%, and a path to >0.90% ROA by Q4 2026 and ~1.0% ROA in early 2027.