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OceanFirst Financial Corp (OCFC.OQ)

OCFC.OQ on NASDAQ Stock Exchange Global Select Market

27.70USD
18 Oct 2017
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Latest Key Developments (Source: Significant Developments)

OceanFirst Financial Corp announces Q2 earnings per share $0.23
Thursday, 27 Jul 2017 05:00pm EDT 

July 27 (Reuters) - OceanFirst Financial Corp :OceanFirst Financial Corp. announces second quarter financial results.Q2 earnings per share $0.23.Q2 earnings per share view $0.40 -- Thomson Reuters I/B/E/S.Q2 non-GAAP core earnings per share $0.40 excluding items.OceanFirst Financial Corp qtrly net interest income $42.2 million compared to $30.0 million.  Full Article

Oceanfirst Financial says termination fee for merger with Sun Bancorp set at $17.05 mln
Monday, 3 Jul 2017 04:39pm EDT 

July 3 (Reuters) - Oceanfirst Financial Corp :Says termination fee for merger with sun bancorp set at $17.05 millio‍​n.  Full Article

OceanFirst Financial reports agreement to acquire Sun Bancorp
Friday, 30 Jun 2017 06:00am EDT 

June 30 (Reuters) - Oceanfirst Financial Corp ::OceanFirst Financial Corp. announces agreement to acquire Sun Bancorp, Inc..Says ‍transaction is valued at approximately $25.27 per sun common share​.Says ‍transaction is valued at approximately $487 million in aggregate.​.OceanFirst Financial Corp says under terms of merger agreement, deal unanimously approved by boards of directors of both companies.OceanFirst Financial Corp - expects to incur one-time pre-tax merger and integration costs of approximately $46 million.OceanFirst Financial - consideration a sun shareholder will receive is equivalent to 0.7884 shares of oceanfirst common stock and $3.78 in cash per share of sun common stock.OceanFirst Financial Corp - ‍transaction is expected to be accretive to earnings per share by approximately 3.6 pct in 2019​.OceanFirst Financial Corp - OceanFirst expects to achieve cost savings of approximately 53 pct of Sun's noninterest expense base.OceanFirst Financial - aggregate consideration to be paid in exchange for sun common stock consists of about 15.1 million shares of co, $72.5 million in cash​.OceanFirst Financial Corp - Piper Jaffray & Co. is serving as financial advisor to OceanFirst.Says ‍Sun shareholders will have right to elect to receive stock or cash consideration for their shares​.Says ‍agreement has been unanimously approved by boards of directors of both companies​.Says ‍sun National Bank will also merge with and into OceanFirst Bank​.  Full Article

OceanFirst Financial reports Q1 earnings per share $0.36
Thursday, 27 Apr 2017 04:55pm EDT 

April 27 (Reuters) - OceanFirst Financial Corp -:OceanFirst Financial Corp announces first quarter financial results.Q1 earnings per share $0.36.Q1 non-gaap core earnings per share $0.40 excluding items.Q1 earnings per share view $0.37 -- Thomson Reuters I/B/E/S.OceanFirst Financial Corp - expects to realize significant cost savings from consolidation of branches.OceanFirst Financial Corp - board of directors has approved closure of 10 such branches in legacy cape and ocean shore market area in may 2017.OceanFirst Financial Corp - closure of branches has expected annualized cost savings of $3.6 million.OceanFirst Financial Corp - net interest income for quarter ended march 31, 2017 increased to $41.5 million, as compared to $20.6 million for same prior year period.OceanFirst Financial Corp - board also approved closure of 5 branches in central new jersey market area by mid-2017, with expected annualized cost savings of $2.5 million.  Full Article

Oceanfirst Financial reports quarterly earnings per share $0.22
Thursday, 26 Jan 2017 04:45pm EST 

Oceanfirst Financial Corp - : Oceanfirst Financial Corp announces quarterly and annual financial results . Quarterly earnings per share $0.22 . Says net interest income for quarter and year ended december 31, 2016 increased to $35.8 million and $120.3 million . Quarterly non-gaap core earnings per share $0.38 excluding items . Board of directors has approved elimination of 10 branches in legacy cape and ocean shore market area by mid-year 2017 . Expense reductions associated with successful systems integration of cape in Q4 of 2016 will be fully realized in Q1 of 2017 . Oceanfirst Financial Corp says expects to consolidate other branches in its central New Jersey market area by end of year . Expected annualized cost savings of $3.6 million from closures . Expects to realize significant cost savings from consolidation of branches .Net interest margin increased to 3.40% for quarter from 3.34% for quarter ended December 31, 2015.  Full Article

EJF Capital reports 5.9 pct passive stake in Oceanfirst Financial
Tuesday, 27 Sep 2016 05:04pm EDT 

Oceanfirst Financial Corp :Ejf Capital LLC reports 5.9 pct passive stake In Oceanfirst Financial Corp as of September 19, 2016 - SEC filing.  Full Article

Oceanfirst Financial files for mixed shelf of upto $150 mln
Friday, 2 Sep 2016 04:25pm EDT 

Oceanfirst Financial Corp : Files for mixed shelf of upto $150.0 million - SEC filing Source: (http://bit.ly/2c0ZHSf) Further company coverage: [OCFC.O] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

OceanFirst Financial Corp. Q2 earnings per share of $0.16
Thursday, 28 Jul 2016 05:00pm EDT 

Oceanfirst Financial Corp : Net interest income for three months ended June 30, 2016 increased to $30.0 million versus $18.4 million for same prior year period . OceanFirst Financial Corp. announces second quarter financial results . Q2 earnings per share $0.16 . Q2 earnings per share view $0.06 -- Thomson Reuters I/B/E/S .Q2 Non-GAAP core earnings per share $0.38 excluding items.  Full Article

Ocean Shore says Christopher Maher to remain CEO of combined co
Wednesday, 13 Jul 2016 08:00am EDT 

Ocean Shore Holding Co : Says Christopher D. Maher will remain president and chief executive officer of the combined company - SEC filing .Says OceanFirst Financial Corp, oceanFirst bank will increase size of their respective boards of directors by three directors.  Full Article

Oceanfirst Financial says John Garbarino to step down as Chairman
Thursday, 2 Jun 2016 12:50pm EDT 

Oceanfirst Financial Corp : Oceanfirst financial corp says john r. Garbarino has decided to step down from his responsibilities as chairman of board effective december 31, 2016 . Board has designated president and ceo christopher maher as chairman, succeeding garbarino effective january 1, 2017 .Oceanfirst financial corp. Announces plans to transition chairman of the board of directors.  Full Article

BRIEF-Oceanfirst Bank appoints Grace Vallacchi executive VP

* Oceanfirst Bank announces appointment of Grace Vallacchi, executive vice president and chief risk officer Source text for Eikon: Further company coverage: