OceanFirst Financial reports Q4 core EPS 38c, consensus 36c

Reports Q4 tangible book value per share $18.98. Reports Q4 CET1 capital ratio 11.2%. Chairman and CEO, Christopher Maher, commented on the company’s results, “We are pleased to present our current quarter results, which reflects an inflection point in net interest income and margin, loan and deposit growth, and continued strong asset quality. The quarter includes the impact of our acquisition of a specialty finance company, which has complemented our existing product offerings.” Maher added, “As we turn to 2025, the Company remains focused on high quality growth while maintaining our expense and credit discipline.”