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OceanFirst Financial Corp (OCFC.OQ)

OCFC.OQ on NASDAQ Stock Exchange Global Select Market

26.21USD
23 Feb 2018
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$0.17 (+0.65%)
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Latest Key Developments (Source: Significant Developments)

WL Ross & Co Reports 5.4 Pct Passive Stake In Oceanfirst Financial
Friday, 16 Feb 2018 04:17pm EST 

Feb 16 (Reuters) - Oceanfirst Financial Corp ::WL ROSS & CO. LLC REPORTS 5.4 PERCENT PASSIVE STAKE IN OCEANFIRST FINANCIAL CORP AS OF FEB 16 - SEC FILING.  Full Article

Oceanfirst Financial Reports Qtrly EPS $0.30
Thursday, 25 Jan 2018 04:30pm EST 

Jan 25 (Reuters) - Oceanfirst Financial Corp ::ANNOUNCES QUARTERLY AND ANNUAL FINANCIAL RESULTS.QUARTERLY EARNINGS PER SHARE $0.30.RAISING MINIMUM HOURLY PAY RATE TO $15.00, INCREASING SHARES AVAILABLE IN EMPLOYEE STOCK OWNERSHIP PROGRAM BY 300,000 SHARES.QTRLY NET INTEREST INCOME INCREASED TO $42.5 MILLION COMPARED TO $35.8 MILLION FOR SAME PRIOR YEAR PERIOD.  Full Article

OceanFirst Financial's Unit Gets Regulatory Approval From OCC To Merge With Sun National Bank
Tuesday, 5 Dec 2017 09:40am EST 

Dec 5 (Reuters) - Oceanfirst Financial Corp ::OCEANFIRST FINANCIAL- ON DEC 4, CO'S UNIT GOT REGULATORY APPROVAL FROM OFFICE OF COMPTROLLER OF CURRENCY TO MERGE WITH SUN NATIONAL BANK -SEC FILING.  Full Article

OceanFirst Financial reports Q3 earnings per share $0.39
Thursday, 26 Oct 2017 04:15pm EDT 

Oct 26 (Reuters) - OceanFirst Financial Corp :OceanFirst Financial Corp. announces third quarter financial results.Q3 earnings per share $0.39.Q3 earnings per share view $0.45 -- Thomson Reuters I/B/E/S.Q3 non-GAAP core earnings per share $0.45 excluding items.OceanFirst Financial Corp - qtrly ‍net interest income $43.0 million versus $33.9 million.  Full Article

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

BRIEF-WL Ross & Co Reports 5.4 Pct Passive Stake In Oceanfirst Financial

* WL ROSS & CO. LLC REPORTS 5.4 PERCENT PASSIVE STAKE IN OCEANFIRST FINANCIAL CORP AS OF FEB 16 - SEC FILING Source text: (http://bit.ly/2EKan7t) Further company coverage: