OceanFirst Financial Corp.

oceanfirst.com

What Do They Do?

Offers commercial and residential loans, deposit services, and trust services to retail and commercial customers.

How Do They Make Money?

revenue

Segment	Share	Revenue
Trust and asset management revenue	7.8% FY2022: 9.5%
Fees and service charges	92% FY2022: 91%

Who Are Their Customers?

Serves retail and commercial customers through branches, deposit production facilities and commercial loan offices.

Do Revenues Turn Into Profits?

Yes. It kept 11 cents of every revenue dollar as net income in FY2025 and turned 12 cents into free cash flow.

Net income, FY2025

11% of revenue

▼ −29% vs FY2024 ($100.1M, 16%)

Free cash flow, FY2025

12% of revenue

▼ −6% vs FY2024 ($84.7M, 13%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +35%; vs $154.8M in Q2 FY2025
Net income: ▼ Now a loss; vs $19M in Q2 FY2025

Fees and service charges share of revenue vs 93.0% in Q2 FY2025

Jun 1, 2026 Completed the acquisition of Flushing Financial Corporation OceanFirst assumed Flushing's subordinated debt obligations at closing.

Growing. Revenue grew 88% in 4 years, from $342.1M in FY2021 to $642.5M in FY2025, about 17% a year.

Residential loan originations The older report described the Bank as originating single-family residential mortgages; the latest report says it outsourced residential loan originations, along with home equity and other consumer originations, to a national mortgage banking company.

Commercial lending focus The older report emphasized commercial real estate and other commercial loans; the latest describes a move away from commercial real estate dependence and a focus on growing commercial and industrial lending.

Revenue over time

Trust and asset management revenue Fees and service charges

$50M$25M$0

FY2021 FY2022 FY2023 FY2024 FY2025

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