OceanFirst Financial

Q2 FY2026 EarningsQ2 FY26 GAAP net loss of -$3.0M (-$0.04/share) significantly beat the expected -$31.9M loss, primarily driven by a one-time deferred tax revaluation offsetting non-deductible merger expenses. Total revenue of $131.3M missed consensus of $141.7M by 7.3% as fee income and loan sale gains remained muted following the legacy residential business exit. NIM expanded 12bps QoQ to 3.05% (beating 2.99% consensus), benefiting from asset repricing and the June 1 completion of the Flushing acquisition. Normalized EPS of $0.44 was slightly above the $0.43 consensus, reflecting resilient legacy organic growth and disciplined integration of the $8.7B Flushing portfolio.