OceanFirst Financial Corp. (OCFC) Earnings Call Transcripts
OceanFirst Financial Corp.'s Latest Earnings Call - Q1 FY2026
OceanFirst Financial Corp. reported its Q1 2026 earnings, highlighting a solid performance with GAAP EPS of $0.36 and core EPS of $0.43. GAAP EPS increased by $0.01, while core EPS rose by $0.08 or 23% YoY. Net interest income grew for the fifth consecutive quarter, up 11% YoY. The company maintained its guidance for mid- to high single-digit loan and deposit growth, with NIM expected to exceed 3% in the latter half of the year. The anticipated merger with Flushing Financial remains on track, with regulatory approvals pending.
Reported metrics
| Metric | Value |
|---|---|
| GAAP EPS | $0.36 (inline) |
| Core EPS | $0.43 (beat) |
| Net Interest Income | $10 million increase (beat) |
| Net Interest Margin | 2.93% (positive) |
| Loan Growth | $92 million (positive) |
| Deposit Growth | $192 million (positive) |
Guidance from management
Management maintained its guidance for mid- to high single-digit loan and deposit growth, with NIM expected to exceed 3% in the back half of the year. No changes to full-year guidance were made.
What management said
Thanks, John. Good morning, and welcome to the OceanFirst First Quarter 2026 Earnings Call. I'm Alfred Goon, SVP of Corporate Development and Investor Relations. Before we kick off the call, we'd like to remind everyone that our quarterly earnings release and related earnings supplement can be found on the company website, oceanfirst.com. Our remarks today may contain forward-looking statements and may refer to non-...
Dan, I think you see some seasonality. It's not uncommon for us in our space to see some given where our geography is. And quite frankly, I think that Premier guys' momentum, we're going to see more in Q2 and Q3. We're still pretty bullish there. It's a little bit slow start to the year for them, but it was more than made up for in other areas of the company. So we're pretty happy with the trajectory, more work to do...
What analysts pressed on
Analysts expressed concerns about the sustainability of deposit growth and the impact of competition on loan spreads. Questions were also raised about the timing and financial implications of the Flushing merger.
Main topics on the call
- Earnings Performance — OceanFirst reported GAAP EPS of $0.36 and core EPS of $0.43, with core EPS increasing by 23% YoY. "GAAP earnings per share increased $0.01 and core earnings per share increased $0.08 or 23% as compared to the prior year'...
- Net Interest Income Growth — Net interest income increased by $10 million or 11% YoY, driven by loan growth and margin expansion to 2.93%. "We delivered our fifth consecutive quarter of net interest income growth, which increased by $1 million or 1%...
- Loan and Deposit Growth — Total loans grew by $92 million, a 3% annualized rate, with $429 million in originations. Deposits increased by $192 million or 2%. "Total loans for the quarter increased by $92 million... driven by $429 million in origi...
- Asset Quality — Asset quality remained strong with nonperforming loans at 0.31% of total loans. "Asset quality remained exceptional as total loans classified as special mention and substandard were 1.5% of total loans."
Read the full OceanFirst Financial Corp. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About OceanFirst Financial Corp.
OceanFirst Financial Corp. (OCFC) is a publicly listed company in the Banks industry, within the Financials sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 32 calls on record spanning January 28, 2020 to July 31, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 32 OceanFirst Financial Corp. earnings call transcripts on record, spanning January 28, 2020 to July 31, 2026. Based on this history, OceanFirst Financial Corp. reports quarterly. The most recent call on file is dated July 31, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- OCFC
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Financials
- Industry
- Banks
- Calls on record
- 32
- First call
- January 28, 2020
- Most recent
- July 31, 2026
- Reporting cadence
- quarterly