Short answer
OCEANFIRST FINANCIAL CORP (OCFC) filed its Q1 2026 10-Q quarterly report on May 1, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $168M (up 9.5% year over year) with net income of $21M.
Q1 2026 key financials · XBRL
- Revenue
- $168M
- +9.5% YoY
- Net income
- $21M
- −4.7% YoY
- EPS (diluted)
- $0.36
- +2.9% YoY
Source: XBRL data from the OCEANFIRST FINANCIAL CORP (OCFC) Q1 2026 10-Q on SEC EDGAR. USD.
OCEANFIRST FINANCIAL CORP Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly net interest income $96.4M, up from $86.7M YoY
- Net interest margin 2.93% vs 2.90%; diluted EPS $0.36 vs $0.35
- Commercial loans best performer, average balances $7.69B vs $6.78B YoY
- Other income weakest, $6.7M vs $11.3M, reflecting title-business and residential-originations exits
- Liquidity capacity $3.9B; share repurchases $3.4M and cash dividends $11.5M in the quarter
- Headwinds included higher criticized loans, merger expenses $4.2M, and potential higher funding costs on $2.35B deposits maturing within one year
Risk Factors
- No material changes to risk factors since December 31, 2025
- Carried-forward unknown risks potentially affecting business, financial condition, or results
- Stock repurchase authorization: 3.0 million shares available at March 31, 2026
- Employee-related share repurchases totaled 177,450 shares at average $19.18
- No new Rule 10b5-1 trading arrangements adopted or terminated during the quarter
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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