OceanFirst Financial stock gains from completed Flushing integration

Published on 10/30/2026 at 01:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

OceanFirst Financial stock reported third-quarter core earnings of 48 cents per diluted share. The Flushing integration supported higher net interest income.

What OceanFirst's Results Show

OceanFirst completed the core system conversion and major Flushing integration activities during the quarter.
Net interest margin increased to 3.18 percent, while total deposits reached USD 18.1 billion.
The company declared its 119th consecutive quarterly common-stock dividend.

OCFC, US6752341080, Illustration mit AI erstellt.

OceanFirst Financial Corp. reported stronger core profitability for the three months ended September 30, 2026, as the company completed the first full quarter with its Flushing Financial acquisition included. In its October 27 release, published by OceanFirst Financial Corp. via GlobeNewswire, the bank holding company reported core diluted earnings per share of USD 0.48, up from USD 0.43 in the linked quarter.

Flushing lifts interest income

Net interest income rose to USD 172.1 million from USD 120.7 million in the second quarter and USD 90.7 million a year earlier. OceanFirst said the increase reflected the full-quarter contribution from Flushing, growth in earning assets and the interest-rate environment.

Reported net income available to common stockholders was USD 16.5 million, or USD 0.17 per diluted share, compared with a USD 3.0 million loss in the linked quarter. The company also recorded USD 37.1 million in non-recurring merger-related expenses, while recognizing USD 5.5 million of non-recurring interest income from payoffs of acquired non-performing assets.

Integration reaches an operating milestone

OceanFirst said it completed its core system conversion and integration activities in September, positioning the company to realize anticipated cost savings from the fourth quarter. Total loans increased by USD 215.7 million during the quarter, while commercial loan originations rose to USD 734.8 million. Deposits increased by USD 319.3 million to USD 18.1 billion.

The reported net interest margin increased to 3.18 percent from 3.05 percent in the linked quarter. Investors should distinguish that reported figure from underlying performance because the period included acquisition-related effects and non-recurring interest recoveries.