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OceanFirst Financial Corp (OCFC.OQ)

OCFC.OQ on NASDAQ Stock Exchange Global Select Market

24.45USD
25 Apr 2019
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Latest Key Developments (Source: Significant Developments)

Oceanfirst Financial - In Q4 Management Identified An Issue In Internal Control
Friday, 1 Mar 2019 

March 1 (Reuters) - OceanFirst Financial Corp ::OCEANFIRST FINANCIAL CORP. ANNOUNCES FILING OF FORM 12B-25.OCEANFIRST FINANCIAL CORP - IN Q4 OF 2018, MANAGEMENT IDENTIFIED AN ISSUE IN INTERNAL CONTROL.OCEANFIRST FINANCIAL CORP - EXPECTS REMEDIATION OF MATERIAL WEAKNESS WILL BE COMPLETED DURING 2019.OCEANFIRST FINANCIAL- CERTAIN OF BUSINESS PROCESS CONTROLS DEPENDENT ON AFFECTED ITGCS DEEMED INEFFECTIVE AS THEY COULD HAVE BEEN ADVERSELY IMPACTED.OCEANFIRST - BELIEVES CONTROL DEFICIENCIES RESULT OF SYSTEM ACCESS ENABLING SOME EMPLOYEES TO SERVE IN MULTIPLE CAPACITIES IN ORDER TO BEST SERVE CUSTOMERS.OCEANFIRST FINANCIAL CORP - MANAGEMENT HAS DETERMINED THAT ISSUE IS A MATERIAL WEAKNESS IN INTERNAL CONTROL.OCEANFIRST FINANCIAL - MATERIAL WEAKNESS HAS NOT RESULTED IN ANY IDENTIFIED MISSTATEMENTS, THERE HAVE BEEN NO CHANGES TO PREVIOUS FINANCIAL RESULTS.OCEANFIRST FINANCIAL CORP - EXPECTS TO FILE ITS FORM 10-K SUBJECT TO EXTENSION, WHICH GIVES COMPANY AN ADDITIONAL 15 DAYS TO FILE FORM 10-K.OCEANFIRST FINANCIAL - REMEDIATION EFFORTS HAVE BEGUN; MATERIAL WEAKNESS, HOWEVER, WILL NOT BE CONSIDERED REMEDIATED.OCEANFIRST FINANCIAL - MATERIAL WEAKNESS TO NOT BE CONSIDERED REMEDIATED UNTIL MANAGEMENT CONCLUDED CONTROLS ARE OPERATING EFFECTIVELY.  Full Article

OceanFirst Financial Corp. Quarterly Earnings Per Share $0.55
Thursday, 24 Jan 2019 

Jan 24 (Reuters) - OceanFirst Financial Corp ::. ANNOUNCES RECORD QUARTERLY AND ANNUAL FINANCIAL RESULTS.QUARTERLY EARNINGS PER SHARE $0.55.QUARTERLY NON-GAAP CORE EARNINGS PER SHARE $0.54 EXCLUDING ITEMS.QTRLY NET INTEREST INCOME $61.8 MILLION VERSUS $42.5 MILLION.  Full Article

OceanFirst Financial Corp Received Regulatory Approval From Office Of Comptroller Of Currency To Merge With Capital Bank Of New Jersey
Friday, 21 Dec 2018 

Dec 21 (Reuters) - OceanFirst Financial Corp ::OCEANFIRST FINANCIAL CORP - RECEIVED REGULATORY APPROVAL FROM OFFICE OF COMPTROLLER OF CURRENCY TO MERGE WITH CAPITAL BANK OF NEW JERSEY.  Full Article

OceanFirst Financial Corp Reports Quarterly EPS of $0.50
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - OceanFirst Financial Corp ::ANNOUNCES RECORD EARNINGS AND INCREASE TO QUARTERLY DIVIDEND.QUARTERLY EARNINGS PER SHARE $0.50.Q3 NON-GAAP CORE EARNINGS PER SHARE $0.53 EXCLUDING ITEMS.Q3 EARNINGS PER SHARE VIEW $0.55 -- THOMSON REUTERS I/B/E/S.INCREASES QUARTERLY CASH DIVIDEND BY 13 PERCENT TO $0.17PER SHARE.QTRLY NET INTEREST INCOME INCREASED TO $61.5 MILLION COMPARED TO $43.1 MILLION.  Full Article

OceanFirst Financial Corp To Acquire Capital Bank Of New Jersey
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - OceanFirst Financial Corp ::OCEANFIRST FINANCIAL CORP. ANNOUNCES AGREEMENT TO ACQUIRE CAPITAL BANK OF NEW JERSEY.OCEANFIRST FINANCIAL CORP - TRANSACTION IS VALUED AT APPROXIMATELY $31.33 PER CAPITAL BANK COMMON SHARE.OCEANFIRST FINANCIAL - TRANSACTION IS VALUED AT APPROXIMATELY $80.0 MILLION IN AGGREGATE.OCEANFIRST FINANCIAL CORP - AGREEMENT HAS BEEN UNANIMOUSLY APPROVED BY BOARDS OF DIRECTORS OF BOTH COMPANIES.OCEANFIRST FINANCIAL CORP - TRANSACTION IS EXPECTED TO RESULT IN EARNINGS PER SHARE ACCRETION OF APPROXIMATELY 2.0% IN 2020.OCEANFIRST FINANCIAL - ON COMPLETION OF DEAL CAPITAL BANK SHAREHOLDERS ENTITLED TO RECEIVE 1.25 SHARES OF CO PER SHARE OF CAPITAL BANK COMMON STOCK.  Full Article

OceanFirst Financial Corp Q2 Earnings Per Share $0.32
Thursday, 26 Jul 2018 

July 26 (Reuters) - OceanFirst Financial Corp ::. ANNOUNCES SECOND QUARTER FINANCIAL RESULTS.Q2 EARNINGS PER SHARE $0.32.Q2 EARNINGS PER SHARE VIEW $0.45 -- THOMSON REUTERS I/B/E/S.Q2 NON-GAAP CORE EARNINGS PER SHARE $0.46 EXCLUDING ITEMS.OCEANFIRST FINANCIAL - NET INTEREST INCOME FOR THREE MONTHS ENDED JUNE 30, 2018, INCREASED TO $61.4 MILLION VERSUS $42.2 MILLION FOR SAME PRIOR YEAR PERIOD.  Full Article

OceanFirst Financial's Unit Gets Regulatory Approval From OCC To Merge With Sun National Bank
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Oceanfirst Financial Corp ::OCEANFIRST FINANCIAL- ON DEC 4, CO'S UNIT GOT REGULATORY APPROVAL FROM OFFICE OF COMPTROLLER OF CURRENCY TO MERGE WITH SUN NATIONAL BANK -SEC FILING.  Full Article

OceanFirst Financial reports Q3 earnings per share $0.39
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - OceanFirst Financial Corp :OceanFirst Financial Corp. announces third quarter financial results.Q3 earnings per share $0.39.Q3 earnings per share view $0.45 -- Thomson Reuters I/B/E/S.Q3 non-GAAP core earnings per share $0.45 excluding items.OceanFirst Financial Corp - qtrly ‍net interest income $43.0 million versus $33.9 million.  Full Article