OceanFirst Financial Q4 adjusted EPS beats estimates, helped by growth in commercial loans

OceanFirst Financial

22/01/2026 21:49

Overview

Regional bank's Q4 adjusted EPS beat analyst expectations

Net income for Q4 decreased compared to the prior year

Company recently announced merger agreement with Flushing Financial and investment from Warburg Pincus

Outlook

OceanFirst expects merger with Flushing Financial to close in Q2 2026

Company maintains strong commercial loan pipeline for 2026

OceanFirst aims for profitability gains through strategic initiatives in 2026

Result Drivers

NET INTEREST INCOME - Increased by $4.6 mln to $95.3 mln, driven by growth in average interest-earning assets

LOAN GROWTH - Total loans increased $474.0 mln, primarily due to commercial loans

CAPITAL POSITION - Strong capital supported by credit risk transfer reducing risk-weighted assets

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted EPS
Beat
$0.58
$0.38 (6 Analysts)
Q4 EPS
$0.23
Q4 Net Interest Income
$95.30 mln
Q4 Net Interest Margin
2.87%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for OceanFirst Financial Corp is $22.00, about 15.2% above its January 21 closing price of $19.09

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nGNX9DLHfk

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)