Oceanfirst Financial Corp. · NASDAQ:OCFC
Oceanfirst Financial — Shareholder Meeting (May 2014)
14 slides from Oceanfirst Financial's shareholder meeting presentation, May 8, 2014
Slide 1: Welcome to the 2014 Annual Meeting of Shareholders
OceanFirst Financial Corp. MAY 8, 2014 WELCOME TO THE 2014 ANNUAL MEETING OF SHAREHOLDERS Exhibit 99.1
Slide 2: Forward-looking statements
This presentation contains certain forward-looking statements within the meaning of the Private Securities Reform Act of 1995 which are based on certain assumptions and describe future plans, strategies and expectations of the Company. These forward-looking statements are generally identified by use
Slide 3: 2013 Year in Review: A Year of Transitions
2013 YEAR IN REVIEW A Year of Transitions John Garbarino Chairman & Chief Executive Officer
Slide 4: 2013 – A Year of Transitions
Recovering Economy, National and Local Sandy Recovery Languishing for Some Impact on Bank put behind us Long way to go for a few less fortunate Foundation and long-term recovery group in leadership role Preparing for CEO Succession at Year-End Transition in Financial Performance 2013 – A Year of Tra
Slide 5: 2013 – A Year of Transitions: Positioning the Bank for the Future
Positioning the Bank for the Future 4 quarter re-structuring restrained 2013 earnings Build capability for revenue/earnings growth Returning Value to Shareholders Market price appreciation Cash dividend growth Share repurchases at attractive values 2014 and Beyond . . . th 2013 – A Year of Transitio
Slide 6: 2014 Business Focus
2014 Business Focus Christopher Maher President & Chief Operating Officer
Slide 7: Building shareholder value strategy
• In building shareholder value, OceanFirst seeks to enhance its commitment and responsiveness to the Central Jersey Shore and the customers the Bank serves, as well as the people who are the Bank. • This will be achieved by providing a clearly competitive product array, differentiated with an extra
Slide 8: Focus on Loan Growth
Address Net Interest Margin (NIM) Compression by establishing stronger loan growth Commercial Lending Consumer Lending/Home Equity Residential Lending Support Sandy Recovery Efforts Average NIM Since 1996 (3.28%) 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% Focus on Loan Growth 2009 2010 2011 2012 Q1 2013 Q2
Slide 9: Fee Income – BankCard
Card Services Include: ATM Visa Debit Merchant $3.6 million in revenue in 2013, a 34% increase since 2011 UChoose Rewards Program Leverages Underlying Consumer Trends Fee Income – BankCard
Slide 10: Fee Income – Wealth Management
Trust Services Launched in 2000 $216 Million in Assets Under Administration as of 12/31/2013, a 27% increase from 12/31/2012 $2.2M in Trust Fee income for year ended 2013, a 86% increase from 2011 Focused on providing quality advice and services to clients typically under-served by national provider
Slide 11: Checking Product Restructure
Simplification Dozens of options to three primary accounts Less confusion for customers & employees Customer Choice Multi-channel Users – unlimited access with a choice of maintaining a substantial balance, or paying a reduced monthly fee Light Users – bundled services with reduced balance requireme
Slide 12: Strategic Growth Investments
Commercial Lending Wealth Management Consumer Deposit Capture Next Generation ATMs Strategic Growth Investments
Slide 13: OceanFirst logo
—OCEAN == FIRST NASDAQ: OCFC
Slide 14: Thank you for attending the 2014 Annual Meeting
OceanFirst Financial Corp. THANK YOU FOR ATTENDING THE 2014 ANNUAL MEETING OF SHAREHOLDERS
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