Oceanfirst Financial Corp. · NASDAQ:OCFC

Oceanfirst Financial — Corporate Update (December 2020)

7 slides from Oceanfirst Financial's corporate update, Dec 7, 2020

  1. Slide 1: OceanFirst Financial Corp. December Update

    . . . OceanFirst Financial Corp. December Update December 4, 2020 . . . Exhibit 99.1

  2. Slide 2: Forward Looking Statements

    . . . Forward Looking Statements In addition to historical information, this presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 which are based on certain assumptions and describe future plans, strategies and expectatio

  3. Slide 3: Forbearance Summary

    . . . 3 D E C E M B E R | 2 0 2 0 . . . D E C E M B E R U P D A T E Current Forbearances (December 1, 2020) Commercial (Full1) $8M 0.1% of portfolio Consumer $40M 0.5% of portfolio Total $48M 0.6% of portfolio Highest Risk Loans Liquidated: NY $30M settled in October: 84% recovery NJ/PA $49M settled

  4. Slide 4: Commercial Forbearance Portfolio

    . . . 0 200 400 600 800 1,000 1,200 1,400 Peak Requests (with Customer Commitment) 8/31/2020 10/23/2020 12/1/2020 $ M il li o n s Commercial Forbearance Trend From Peak to Remaining on Full Deferral Resume Full Payment Undecided Improve to Interest Only Remaining on Full Deferral D E C E M B E R U P

  5. Slide 5: Consumer Forbearance Portfolio

    . . . D E C E M B E R U P D A T E 5 Consumer Forbearance Portfolio % of Total Consumer Portfolio 11.8% 7.1% 4.2% 1.4% $329M $206M $122M $40M - 50 100 150 200 250 300 350 Peak 8/31/2020 10/23/2020 12/1/2020 $ M il li o n s Consumer Loans on Full Forbearance 88% decrease from peak Of the peak forbeara

  6. Slide 6: Federal Home Loan Bank (FHLB) Advance Paydowns

    . . . 6 . . . D E C E M B E R U P D A T E • Weighted average coupon on the repaid debt was 1.63% • Maturities ranged from 1.1 years to 6.3 years • Termination payments were $12.7M • Earn back period is 2.8 years $344M of advances were repaid in late November and December Benefits Include: • 15 bps i

  7. Slide 7: Investor Relations Inquiries

    . . . Investor Relations Inquiries Jill A. Hewitt Senior Vice President, Director of Investor Relations & Corporate Communications jhewitt@oceanfirst.com (732) 240-4500, ext. 7513 7 . . .

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