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what it is
OceanFirst is a New Jersey community bank that takes deposits, makes loans, and collects fees from wealth and card services.
how it gets paid
Last year Oceanfirst Financial made $642M in revenue. commercial real estate and multifamily lending was the main engine at $244M, or 38% of sales.
growth snapshot
Revenue was roughly flat last year at $642M. $0.94 EPS mattered most because one quarter produced more than half of the company's full-year 2024 EPS of $1.65.
what just happened
Revenue hit $471M and EPS reached $0.94, far above the prior-year quarter.
At a glance
C++ balance sheet — some cracks in the foundation
60/100 earnings predictability — reasonably predictable
15.3x trailing p/e — the market's not buying it — or you found a deal
4.5% dividend yield — cash in your pocket every quarter
$1.17 fy2025 eps est
xvary composite: 48/100 — below average
What they do
OceanFirst is a New Jersey community bank that takes deposits, makes loans, and collects fees from wealth and card services.
Banking moat → cheap deposits and local relationships → so what: lending gets easier when your customers already keep cash with you. OceanFirst serves retail, government, and business customers across deposit, loan, and wealth products with 951 employees. That is not scale like JPMorgan, but it is enough to keep your checking account, mortgage, and trust services under one roof.
How they make money
$642M
annual revenue · their business grew +0.0% last year
commercial real estate and multifamily lending
$244M
residential mortgage lending
$141M
commercial and industrial lending
$109M
consumer lending
$64M
wealth, trust, bankcard, and insurance fees
$84M
The products that matter
takes deposits and makes loans
Community banking
$389M net interest income
this is the core business. the bank generated $389M here, which tells you lending spread is still doing almost all of the work.
core engine
fees and noninterest revenue
Other income
$9.4M
this piece is small. at $9.4M, it is not big enough to hide weakness in the core bank if margins or credit costs move the wrong way.
limited cushion
lends into local markets
Loan portfolio
$9.8B loans
this $9.8B book is where the upside and the trouble both live. if local credit stays clean, earnings hold. if it slips, you feel it fast.
credit exposure
Key numbers
62%
debt to capital
Leverage → borrowed money in the stack → so what: a bank with 62% debt has less room when credit costs rise.
4.5%
dividend yield
That yield pays you to wait, but it also tells you this is an income stock, not a fast grower.
15.3x
trailing p/e
You are paying 15.3 times trailing earnings for a bank with 1.0% historical earnings growth. That is the whole debate.
$1.17
FY2025 EPS est.
Forward earnings are basically flat against $1.16 trailing EPS, which means the market is not buying a growth rebound yet.
Financial health
C++
strength
- balance sheet grade C++ — below average — limited financial resources
- risk rank 3 — safer than 50% of stocks
- price stability 55 / 100
- long-term debt $1.7B (62% of capital)
C++ — balance sheet grade and long-term debt are flagged. this stock carries more risk than average.
Total return vs. market
Return history isn't available for OCFC right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Revenue hit $471M and EPS reached $0.94, far above the prior-year quarter.
Revenue rose 190% vs. prior year and EPS jumped 213% vs. prior year, based on the company earnings release data provided. That looks huge next to full-year 2024 EPS of $1.65, which is why you should treat the quarter as a spike to verify, not a new normal to assume.
$161M
revenue
$0.94
eps
+213%
eps growth
the number that mattered
$0.94 EPS mattered most because one quarter produced more than half of the company's full-year 2024 EPS of $1.65.
source: company earnings report, 2026
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What could go wrong
the top risk is regulatory or execution failure on the Flushing Financial merger.
high
Flushing merger approval
The deal needs regulatory approval, and the $225M strategic investment tied to it depends on that process getting done.
If the deal breaks, the projected 16% EPS accretion for 2027 disappears with it.
med
weak core profitability
Return on assets is 0.51% and return on equity is 4.22%. Those are not disaster numbers. They are just too low to command a premium multiple.
If profitability stays near these levels after the deal, the stock still looks like a middling regional bank.
med
balance sheet flexibility
Long-term debt sits at $1.7B, or 62% of capital, and the balance sheet grade is C++. That does not leave a lot of room for mistakes.
More pressure on funding costs or credit would hit a bank that already lacks a wide profit cushion.
med
regional loan concentration
The $9.8B loan portfolio is tied to New Jersey and New York. Concentration is fine until the local economy gives you a reason to regret it.
Credit weakness in those markets would run straight through earnings and capital generation.
The combined risk picture is simple: one failed deal removes the planned 16% EPS lift, and the existing bank still has to work through 0.51% return on assets, 4.22% return on equity, and $1.7B of long-term debt.
source: institutional data · regulatory filings · risk analysis
Pay attention to
deal risk
Flushing approval timeline
The merger was announced on Dec 29, 2025 and entered the filing stage on Jan 26, 2026. Until approval is secured, the 16% 2027 EPS accretion is still a promise, not an outcome.
profitability
return on assets above 0.51%
This is the cleanest proof that the bank is improving on its own. If ROA does not move up, the stock stays dependent on the merger story.
calendar
next earnings release
The next quarterly report should tell you whether core profitability is stabilizing and whether management is still speaking with confidence about timing.
income
dividend versus fundamentals
A 4.5% yield helps you wait. It does not fix weak returns. If earnings stall while the payout stays the headline, the stock turns into an income placeholder.
Analyst rankings
earnings predictability
60 / 100
in human-speak, analysts see a bank that is somewhat readable but still exposed to event risk around the merger.
external valuation checks
1 / 6
That score says the stock does not screen as obviously cheap on outside checks. Low quality and low expectations are not the same thing.
source: institutional data
Institutional activity
institutional ownership data for OCFC is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$18
current price
n/a
target midpoint · n/a from current
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