On October 27, 2026, OceanFirst Financial Corp. (NASDAQ: OCFC) reported its financial results for the quarter ended September 30, 2026. The company reported net income available for common stockholders of $16.5 million, or $0.17 per diluted share, for the third quarter of 2026. This compares to net income of $17.3 million, or $0.30 per diluted share, for the same period in the prior year, and a net loss of $3.0 million, or $0.04 per diluted share, for the linked quarter.
For the nine months ended September 30, 2026, net income available to common stockholders was $33.9 million, or $0.45 per diluted share, down from $54.0 million, or $0.94 per diluted share, in the prior year period.
Key operational metrics for the quarter included a 5% annualized growth rate in total loans, driven by $325.0 million of commercial loan growth. Commercial loan originations increased 15% to $734.8 million from the linked quarter. Total deposits increased $319.3 million to $18.1 billion from $17.8 billion. The company also noted the completion of its core system conversion in September, which it expects to result in cost savings beginning in the fourth quarter of 2026.
The company’s Board of Directors declared a regular quarterly cash dividend of $0.20 per share on common stock. The dividend is payable on November 20, 2026, to stockholders of record as of the close of business on November 9, 2026. This marks the 119th consecutive quarterly cash dividend declared by the company.
Regarding the acquisition of Flushing Financial Corporation, which closed on June 1, 2026, the current quarter included $37.1 million of non-recurring merger-related expenses, net of tax, or $0.30 per share. The company reported a net interest margin of 3.18% for the quarter, up from 2.91% in the prior year period. Provision for credit losses for the quarter was $4.3 million, and annualized net loan charge-offs to average total loans were 0.04%.
