--- title: "OceanFirst Financial | 8-K: FY2026 Q2 Revenue: USD 131.33 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/294568641.md" datetime: "2026-08-01T02:50:21.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294568641.md) - [en](https://longbridge.com/en/news/294568641.md) - [zh-HK](https://longbridge.com/zh-HK/news/294568641.md) generator: "portal-rs" --- # OceanFirst Financial | 8-K: FY2026 Q2 Revenue: USD 131.33 M Revenue: As of FY2026 Q2, the actual value is USD 131.33 M. EPS: As of FY2026 Q2, the actual value is USD -0.04, beating the estimate of USD -0.3129. EBIT: As of FY2026 Q2, the actual value is USD -2.533 M. #### Dividend Declaration OceanFirst Financial Corp. declared a regular quarterly cash dividend of $0.20 per share on its outstanding common stock, payable on August 21, 2026, to stockholders of record as of August 10, 2026. #### Net Interest Income (NII) Net interest income for OceanFirst Financial Corp. was $120,730 thousand in Q2-26, marking an increase of $24 million (25%) from the linked quarter and $33 million (38%) compared to Q2-25. Excluding the impact of the Flushing acquisition, NII growth was 5% compared to Q1-26 and 15% compared to Q2-25. The net interest margin (NIM) was 3.05% in Q2-26, an increase of 12 basis points (bps) compared to Q1-26 and 14 bps compared to Q2-25. #### Core Non-Interest Expense Core non-interest expenses for Q2-26 were $87,165 thousand, an increase of $18.0 million (26%) from the linked quarter, primarily due to the Flushing acquisition. The Core Efficiency Ratio was 66.20% in Q2-26, while the Core Non-Interest Expense to Average Assets (Annualized) was 2.02%. #### Capital Ratios The CET1 Ratio remained robust at 10.7% in Q2-26, flat from the linked quarter. Tangible stockholders’ equity to tangible assets was 7.91% in Q2-26. #### Loan Portfolio Total loans grew by $5.1 billion (46%) compared to Q1-26 and $6.1 billion (60%) compared to Q2-25, largely driven by the Flushing acquisition. Excluding Flushing, total commercial loan growth was 2% compared to Q1-26. Commercial loan originations increased by 50% to $642 million compared to the linked quarter, and the forward pipeline totaled $409 million at Q2-26. Non-Depository Financial Institution (NDFI) loan balances were minimal at $416 million (approximately 2.6% of total loans) at Q2-26. The average loan yield for Q2-26 was 5.55%. #### Deposits Deposits increased by $6.6 billion, primarily due to acquired deposits from Flushing. Non-interest bearing deposits increased $101 million (6%) compared to Q1-26, while brokered deposits decreased - $192 million. The average cost of deposits for Q2-26 was 2.26%. #### Asset Quality Non-performing loans (NPL) to total loans were 0.33% in Q2-26, and non-performing assets (NPA) to total assets were 0.38%. Criticized loans as a percentage of total loans increased to 3.12% in Q2-26, impacted by the Flushing acquisition. The Allowance for Credit Losses (ACL) as a percentage of total loans was 1.29% in Q2-26. Net charge-offs to average loans (annualized) were 0.05% in Q2-26, and the provision for credit loss expense was $4,002 thousand. OceanFirst Financial Corp. sold $1.3 billion of Flushing’s multifamily loan portfolio at a sale price of 92.25%, reducing CRE concentration to 381% and rent-regulated loans to total assets to 2.5%. #### Other Key Financial Metrics Core Return on Average Assets (ROAA) was 0.71%, and Core Return on Average Tangible Common Equity (ROTCE) was 8.92%. Tangible book value per common share was $18.19 in Q2-26, a decrease of - $1.15 (6%) from Q2-25, attributed to the Flushing acquisition. #### Outlook / Guidance OceanFirst Financial Corp. expects loans to grow 1-2% by year-end 2026, driven by the Commercial & Industrial (C&I) vertical, with credit remaining benign. Deposits are anticipated to be consistent with loan growth, maintaining a loan-to-deposit ratio of less than or equal to 95%. The net interest margin is projected to be between 3.07% and 3.12% for Q3-26 and 3.09% to 3.14% for Q4-26, with operating expenses expected to be $120-$125 million in Q3-26 and $110-$115 million in Q4-26. ### Related Stocks - [OCFC.US](https://longbridge.com/en/quote/OCFC.US.md) ## Related News & Research - [OceanFirst Financial: Direktur John R. 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