OceanFirst Bank

OceanFirst Financial Corp. Schedules Earnings Conference Call

Retrieved on: 
Thursday, June 22, 2023
OceanFirst Bank, Internet, Trust, OCFC, BANK, Webcast, Intersection (company), RED, Cryptocurrency

RED BANK, N.J., June 22, 2023 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC), the holding company for OceanFirst Bank, today announced that it will issue its earnings release for the quarter ended June 30, 2023 on Thursday, July 20, 2023 after the market close.

Key Points: 
  • RED BANK, N.J., June 22, 2023 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC), the holding company for OceanFirst Bank, today announced that it will issue its earnings release for the quarter ended June 30, 2023 on Thursday, July 20, 2023 after the market close.
  • For those unable to participate in the conference call, a replay will be available.
  • The conference call will also be available (listen-only) via the Internet by accessing the Company's Web address: www.oceanfirst.com - Investor Relations.
  • OceanFirst Financial Corp.’s subsidiary, OceanFirst Bank N.A., founded in 1902, is a $13.6 billion regional bank providing financial services throughout New Jersey and the major metropolitan markets of Philadelphia, New York, Baltimore, and Boston.

Fulton Financial Corporation Names Karthik Sridharan as Chief Operations and Technology Officer

Retrieved on: 
Monday, June 12, 2023
Banking, Professional Services, Finance, SSA Global Technologies, Fulton Financial Corporation, Chief technology officer, Calibuso v. Bank of America Corp., JPMorgan Chase, Master of Information System Management, Red Bank, Senior, Information technology, Bank of America, Business, Multimedia, Title, Business administration, Citigroup, Harvard Business School, OceanFirst Bank, Bank, FULT, S P Jain School of Global Management, Management, Sreedharan

Fulton Financial Corporation (NASDAQ: FULT) today announced that Karthik Sridharan has joined as Senior Executive Vice President, Chief Operations and Technology Officer.

Key Points: 
  • Fulton Financial Corporation (NASDAQ: FULT) today announced that Karthik Sridharan has joined as Senior Executive Vice President, Chief Operations and Technology Officer.
  • Sridharan will be responsible for leading a team of information technology and operations professionals focused on leveraging leading technology to provide the best digital customer experience at Fulton Bank.
  • Since 2019, he has served as Chief Information Officer, Executive Vice President, at OceanFirst Bank in Red Bank, NJ.
  • Prior to that, from 2011-2019, he worked as Chief Technology Officer, Enterprise Operations and Technology, for Citigroup in New York, NY.

Nest Egg Completes Strategic Financing Round

Retrieved on: 
Monday, June 5, 2023
Professional Services, Technology, Other Technology, Finance, Asset Management, Fintech, Banking, Republic Bank & Trust Company, Life, Nest Egg, Multimedia, Michael Church, Republic, Investment, Egg, Associate, OceanFirst Bank, Entrepreneurship, Republic Bank, Bank, Cryptocurrency, Nest

Nest Egg , a technology-forward investment advice platform for customers of banks and credit unions, is pleased to announce its latest round of financing, led by partners OceanFirst Bank and Republic Bancorp, Inc., as well as other strategic investors.

Key Points: 
  • Nest Egg , a technology-forward investment advice platform for customers of banks and credit unions, is pleased to announce its latest round of financing, led by partners OceanFirst Bank and Republic Bancorp, Inc., as well as other strategic investors.
  • Currently partnered with 11 financial institutions, Nest Egg services are accessible to nearly 1 million bank customers at over 100 locations in 12 states.
  • Nest Egg is slated to finalize several new partnerships in 2023, continuing momentum gained in 2022 and early 2023.
  • Our strategic partners’ investment in Nest Egg will enable us to reach more and more Americans via our trusted bank and credit union partners,” said Arden Miller, Co-Founder & President of Nest Egg.

Partners Bancorp Reports Results of Operations for the First Quarter 2023

Retrieved on: 
Monday, May 1, 2023
Liberty Bell Bank, Lender option borrower option, Federal Home Loan Banks, Insurance, Maintenance, Total, OceanFirst Bank, Small Business Administration, Telephone, COVID-19, Tax, Paycheck Protection Program, FDIC, Sale, PPP, ATM, Disposable household and per capita income, Small business, Depreciation, Growth, Forgiveness, Environment, LINK, Bank, Real estate, Airline, Cryptocurrency, Life insurance, Video game, Delmarva Peninsula, Washington metropolitan area

Interest Income and Expense – Three Months Ended March 31, 2023 and 2022

Key Points: 
  • Interest Income and Expense – Three Months Ended March 31, 2023 and 2022
    Net interest income in the first quarter of 2023 increased by $3.3 million, or 27.4%, when compared to the first quarter of 2022.
  • Other income in the first quarter of 2023 decreased by $39 thousand, or 3.0%, when compared to the first quarter of 2022.
  • Other expenses in the first quarter of 2023 increased by $1.3 million, or 12.0%, when compared to the first quarter of 2022.
  • The following table depicts the net (recovery) charge-off activity for the three months ended March 31, 2023 and 2022:

OceanFirst Financial Corp. Announces First Quarter Financial Results

Retrieved on: 
Thursday, April 20, 2023
PTPP, OCC, Insurance, PCD, Shareholder, FHLB, OceanFirst Bank, Eastern Time Zone, Telephone, Tax, GAAP, Sale, Federal Home Loan Banks, Net, Financial Accounting Standards Board, Trust, Acquisition, Investment, Access, Risk, Hand, Environment, Safety, Bank, Pharmaceutical industry, Life insurance, Security (finance), Video game, Trident

While down relative to a very strong linked quarter, the current quarter results compare favorably to the preceding three quarters of 2022.

Key Points: 
  • While down relative to a very strong linked quarter, the current quarter results compare favorably to the preceding three quarters of 2022.
  • Refer to “Explanation of Non-GAAP Financial Measures” and the “Non-GAAP Reconciliation” tables for additional information regarding non-GAAP financial measures.
  • Refer to “Explanation of Non-GAAP Financial Measures” and the “Non-GAAP Reconciliation” tables for additional information regarding non-GAAP financial measures.
  • OceanFirst Financial Corp.’s subsidiary, OceanFirst Bank N.A., founded in 1902, is a $13.6 billion regional bank providing financial services throughout New Jersey and in the major metropolitan markets of Philadelphia, New York, Baltimore, and Boston.

OceanFirst Financial Corp. Declares Quarterly Cash Dividend for Series A Preferred Stock

Retrieved on: 
Tuesday, April 18, 2023
OceanFirst Bank, Trust, BANK, RED, Holding company, Security (finance)

RED BANK, N.J., April 18, 2023 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:“OCFC”), (the “Company”), announced that its Board of Directors has declared a quarterly cash dividend of $0.4375 per share for every depositary share, representing 1/40th interest in the Series A Preferred Stock, payable on May 15, 2023 to stockholders of record on April 28, 2023.

Key Points: 
  • RED BANK, N.J., April 18, 2023 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:“OCFC”), (the “Company”), announced that its Board of Directors has declared a quarterly cash dividend of $0.4375 per share for every depositary share, representing 1/40th interest in the Series A Preferred Stock, payable on May 15, 2023 to stockholders of record on April 28, 2023.
  • OceanFirst Financial Corp.’s subsidiary, OceanFirst Bank N.A., founded in 1902, is a regional bank providing financial services throughout New Jersey and in the major metropolitan markets of Philadelphia, New York, Baltimore, and Boston.
  • OceanFirst Bank delivers commercial and residential financing, treasury management, trust and asset management, and deposit services and is one of the largest and oldest community-based financial institutions headquartered in New Jersey.
  • To learn more about OceanFirst, go to www.oceanfirst.com .

OceanFirst Financial Corp. Schedules Earnings Conference Call

Retrieved on: 
Friday, March 24, 2023
OceanFirst Bank, Internet, Trust, OCFC, BANK, Webcast, W Holding Company, RED, Cryptocurrency

RED BANK, N.J., March 24, 2023 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC), the holding company for OceanFirst Bank, today announced that it will issue its earnings release for the quarter ended March 31, 2023 on Thursday, April 20, 2023 after the market close.

Key Points: 
  • RED BANK, N.J., March 24, 2023 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC), the holding company for OceanFirst Bank, today announced that it will issue its earnings release for the quarter ended March 31, 2023 on Thursday, April 20, 2023 after the market close.
  • The conference call will also be available (listen-only) via the Internet by accessing the Company's Web address: www.oceanfirst.com - Investor Relations.
  • OceanFirst Financial Corp.’s subsidiary, OceanFirst Bank N.A., founded in 1902, is a $13.1 billion regional bank providing financial services throughout New Jersey and the major metropolitan markets of Philadelphia, New York, Baltimore, and Boston.
  • OceanFirst Financial Corp.'s press releases are available at http://www.oceanfirst.com.

OceanFirst Bank Announces Appointment of Stephen Adamo, President of Residential and Consumer Lending

Retrieved on: 
Monday, March 20, 2023
OceanFirst Bank, Home equity, National Retail Properties, Santander Bank, Citizenship, Credit, Trust, OCFC, BANK, Consumer, Embrace Home Loans, Growth, RED, Real estate, Financial services

RED BANK, N.J., March 20, 2023 (GLOBE NEWSWIRE) -- OceanFirst Bank (“OceanFirst”), the wholly owned subsidiary of OceanFirst Financial Corp. (NASDAQ:OCFC), announces the appointment of Stephen Adamo as President of Residential and Consumer Lending.

Key Points: 
  • RED BANK, N.J., March 20, 2023 (GLOBE NEWSWIRE) -- OceanFirst Bank (“OceanFirst”), the wholly owned subsidiary of OceanFirst Financial Corp. (NASDAQ:OCFC), announces the appointment of Stephen Adamo as President of Residential and Consumer Lending.
  • Mr. Adamo will lead the residential and consumer lending divisions at OceanFirst.
  • His responsibilities include the growth and expansion of all residential home lending products, consumer lending products and sales, services, loan officers, and delivery channels.
  • We are pleased to welcome Steve to OceanFirst.”
    OceanFirst has been providing residential home lending products and services for more than 120 years.

Partners Bancorp Reports Results of Operations for the Fourth Quarter and Full Year 2022

Retrieved on: 
Wednesday, February 22, 2023
Paycheck Protection Program, Small business, Maintenance, Acquisition, Tripura Merger Agreement, Liberty Bell Bank, Bank, Advertising, Tax, COVID-19, FDIC, Insurance, Travel, OceanFirst Bank, Sale, Interest, PPP, Uncertainty, Federal Home Loan Banks, Growth, Total, Environment, Agreement, External commercial borrowing, Marketing, Telephone, Plan, Printing, LINK, Disposable household and per capita income, Forgiveness, Software, Small Business Administration, ATM, Lifting, Loss, 26th Street/Bergamot station, VISA, Cryptocurrency, Airline, Real estate, Drug, Life insurance, Video game, Limestone, Washington metropolitan area, Delmarva Peninsula

During 2022, our net interest margin improved by 0.46%, compared to 2021, and the net interest margin for the fourth quarter of 2022 improved by 0.51% when compared to the third quarter of 2022.

Key Points: 
  • During 2022, our net interest margin improved by 0.46%, compared to 2021, and the net interest margin for the fourth quarter of 2022 improved by 0.51% when compared to the third quarter of 2022.
  • Other income in the fourth quarter of 2022 decreased by $563 thousand, or 31.7%, when compared to the fourth quarter of 2021.
  • Other expenses in the fourth quarter of 2022 decreased by $745 thousand, or 6.2%, when compared to the fourth quarter of 2021.
  • The following table depicts the net charge-off activity for the three and twelve months ended December 31, 2022 and 2021:

Mediplex Property Group Begins Construction on New Medical Office Building in Newtown, PA

Retrieved on: 
Wednesday, February 1, 2023
OceanFirst Bank, MPG, Mail order

FORT WASHINGTON, Pa., Feb. 1, 2023 /PRNewswire/ -- Mediplex Property Group (MPG) has begun a build-to-suit renovation on a single-story, 12,800 square foot building at 101 Pheasant Run Road in Newtown, PA.

Key Points: 
  • FORT WASHINGTON, Pa., Feb. 1, 2023 /PRNewswire/ -- Mediplex Property Group (MPG) has begun a build-to-suit renovation on a single-story, 12,800 square foot building at 101 Pheasant Run Road in Newtown, PA.
  • Upon completion in late 2023, Mediplex Newtown will house a combination of outpatient healthcare modalities, including: clinical offices, a physical therapy center, imaging facilities, and related procedure rooms.
  • Situated in the prestigious Newtown Business Commons, Mediplex Newtown is strategically located on approximately 2 acres near the interchange of I-295 and the Newtown Bypass (PA Route 332).
  • The project was designed by Linn Architects of Media, PA and construction is being serviced by Axis Construction Management of King of Prussia, PA. OceanFirst Bank is providing financing.