OceanFirst Financial Corp. (OCFC)
NASDAQ (NGS) NASDAQ (NGS) Primary 
OceanFirst Financial: 5% Yield, But We Are Not Buyers
OceanFirst Financial Corp. offers a 5% dividend yield, but concerns about its loan portfolio and asset quality justify a hold/neutral rating. Q1 results were mixed: revenue slightly beat expectations, but net income and EPS declined year-over-year and sequentially. Asset quality metrics are mixed with increased delinquent loans and higher provisions for credit losses, signaling potential risks.
OceanFirst Financial Corp. (OCFC) Q1 2025 Earnings Conference Call Transcript
OceanFirst Financial Corp. (NASDAQ:OCFC ) Q1 2025 Results Earnings Conference Call April 25, 2025 11:00 AM ET Company Participants Alfred Goon - Senior Vice President, Corporate Development and Investor Relations Christopher Maher - Chairman and Chief Executive Officer Joseph Lebel III - President and Chief Operating Officer Patrick Barrett - Executive Vice President and Chief Financial Officer Conference Call Participants Frank Schiraldi - Piper Sandler Tim Switzer - KBW David Bishop - Hovde Group Christopher Marinac - Janney Montgomery Scott Daniel Tamayo - Raymond James Matthew Breese - Stephens, Inc. Manuel Navas - D.A. Davidson Companies Operator Hello, everyone, and thank you for joining the OceanFirst Financial Corp. Q1 2025 earnings call.
Compared to Estimates, OceanFirst (OCFC) Q1 Earnings: A Look at Key Metrics
Although the revenue and EPS for OceanFirst (OCFC) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
OceanFirst Financial (OCFC) Matches Q1 Earnings Estimates
OceanFirst Financial (OCFC) came out with quarterly earnings of $0.35 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.44 per share a year ago.
OceanFirst Financial (OCFC) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release
OceanFirst (OCFC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
OceanFirst Financial Will Likely Call Its Preferred Shares
OceanFirst Financial's Q4 performance was weaker than expected due to higher loan loss provisions, resulting in a lower net income of $21.9M. The preferred stock remains attractive with a current yield of 6.97%, but investors should be cautious of potential calls due to high future dividend costs. Management is considering partial redemption of preferred shares to manage capital costs. A full call would boost EPS on common shares by $0.10 annually.
OceanFirst Financial Corp. (OCFC) Q4 2024 Earnings Conference Call Transcript
OceanFirst Financial Corp. (NASDAQ:OCFC ) Q4 2024 Earnings Conference Call January 24, 2025 11:00 AM ET Company Participants Alfred Goon - Senior Vice President, Corporate Development and Investor Relations Christopher Maher - Chairman and Chief Executive Officer Joseph Lebel - President and Chief Operating Officer Patrick Barrett - Executive Vice President and Chief Financial Officer Conference Call Participants Tim Switzer - KBW Christopher Marinac - Janney Montgomery Scott David Bishop - Hovde Group Matthew Breese - Stephens Frank Schiraldi - Piper Sandler Daniel Tamayo - Raymond James Operator Good morning, and thank you all for attending the OceanFirst Financial Corp. Q4 2024 Earnings Call. My name is, Brika, and I will be your moderator for today.
OceanFirst (OCFC) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
The headline numbers for OceanFirst (OCFC) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
OceanFirst Financial (OCFC) Q4 Earnings Beat Estimates
OceanFirst Financial (OCFC) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.45 per share a year ago.
Insights Into OceanFirst (OCFC) Q4: Wall Street Projections for Key Metrics
Beyond analysts' top -and-bottom-line estimates for OceanFirst (OCFC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
OceanFirst Financial Corp. (OCFC) Q3 2024 Earnings Call Transcript
OceanFirst Financial Corp. (NASDAQ:OCFC ) Q3 2024 Earnings Conference Call October 18, 2024 11:00 AM ET Company Participants Alfred Goon - Senior Vice President, Corporate Development and Investor Relations Christopher Maher - Chairman and Chief Executive Officer Joseph Lebel - President and Chief Operating Officer Patrick Barrett - Executive Vice President and Chief Financial Officer Conference Call Participants Frank Schiraldi - Piper Sandler Daniel Tamayo - Raymond James Tim Switzer - KBW David Bishop - Hovde Matthew Breese - Stephens Manuel Navas - D.A. Davidson Christopher Marinac - JMS Operator Good morning, and thank you all for attending the OceanFirst Financial Corp. Third Quarter '24 Earnings Release Conference Call.
OceanFirst Financial: Another Regional Bank At Highs, Mixed Operational Performance
OceanFirst Financial Corp.'s attractive 5% dividend yield is tempting, but concerns about its commercial real estate loan portfolio make it risky. Q3 earnings were mixed: deposits and loans dipped, but loan loss provisions and book value improved. Asset quality metrics were mixed; net charge-offs increased, and non-performing loans rose, but the efficiency ratio improved.
