Slide 1: OceanFirst Financial Corp. 3Q 2025 Earnings Release Supplement
Exhibit 99.2 ... OceanFirst Financial Corp. 3Q 2025 Earnings Release Supplement(1) October 2025 (1) The 3Q 2025 Earnings Release Supplement should be read in conjunction with the Earnings Release furnished as Exhibit 99.1 to the Form 8-K filed with the SEC on October 22, 2025.
Slide 2: Legal Disclaimer
Legal .Disclaimer .. 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, financia
Slide 3: Overview of OceanFirst
Overview ... of OceanFirst Corporate Overview Corporate Overviewand Market & Market Data Data Tailored Footprint Across Key Markets Ticker OCFC (NASDAQ) 1 Boston Area HQ Red Bank, NJ Branch Network 40 branches; 9 commercial banking centers Core Markets New Jersey, New York City, Greater Philadelphia
Slide 4: Historical Net Interest Income and Loan Growth
Proven . . . Historical Net Interest Income and Loan Growth Net Interest Income Growth ($’thousands) 3.71% 3.62% 3.46% 3.52% 13% 3.37% 3.16% 2.93% 3.02% 2.91% 2.72% 354,230 Net Interest Income CAGR 377,477 369,731 334,035 312,951 305,338 240,502 255,971 264,945 169,218 120,262 2016 2017 2018 2019 20
Slide 5: Successful Commercial Loan Growth and Geographic Diversification
Successful ... Commercial Loan Growth and Geographic Diversification Commercial Loans by Geography(1) as of Q3-25 Emphasis on Commercial (Commercial % of Loan Portfolio) Increase of $5.4B Other in commercial Baltimore Markets (2) loans since 2016 Boston 3% +21% 5% 2% New Jersey 38% Philadelphia 22%
Slide 6: Approach to Deposit Pricing and Growth
Balanced . . . Approach to Deposit Pricing and Growth Deposit Composition ($’millions) 10,435 10,066 10,436 9,428 9,733 9,675 1,657 1,617 1,732 2,133 2,412 2,101 6,329 Deposit Stratification 3,912 4,001 4,091 5,815 1,377 3,647 3,830 4,343 1,151 4,202 4,188 757 1,022 783 2,539 1,301 1,398 2,350 784 7
Slide 7: Conservative Credit Risk Profile
Conservative ... Credit Risk Profile Non-performing Loans by Type as % of Loans(1) Continued Focus on Credit Risk(1) 0.69 0.52% 0.64 0.47% 0.60 0.59 0.55 0.56 0.54 0.21% 0.14% 0.34% 0.44 0.31% 0.40 0.38 0.29% 0.26% 0.27% 0.09% 0.05% 0.32 0.17% 0.18% 0.15% 0.22% 0.01% 0.10% 0.03% 0.08% 0.02% 0.19% 0.
Slide 8: Business Model Strength Driving Significant Capital Return
Business ... Model Strength Driving Significant Capital Return $31.01 The growth in TBV per common share(1) Growth Since 2013 $29.48 (TBVPS) is attributed to: (1) $3.74 Tangible Book Value per Share 58.3% $27.68 Total Capital Return per Share 151.5% $3.35 ▪ Minimally dilutive and strategic $25.61 $2
Slide 9: Quarterly Earnings Update
... Quarterly Earnings Update 9
Slide 10: Q3-25 Financial Highlights
Q3-25. .Financial . Highlights Financial Highlights $0.36 $91 million 0.60% Core Diluted EPS(1) Net Interest Income Core ROAA(1) 7.19% $0.54 10.6% Core ROTCE(1) Core PTPP Diluted EPS(1) CET1 Ratio(2) ▪ Total loans increased $373 million (or 14% annualized), including $219 million of commercial and i
Slide 11: Premier Bank Update
Premier . . . Bank Update ▪ 9 Teams hired and onboarded, totaling 36 FTEs. Performance ▪ $242 million of deposits through 9/30/25 at a weighted average cost of 2.64%. To Date ▪ Added +1,100 new accounts across ~300 relationships. ▪ Target $500 million in deposits in 2025. Multi-Year ▪ Teams to achie
Slide 12: Loan Portfolio Trends
Loan Portfolio ... Trends Moderated Loan Growth in the Portfolio ($’millions) 5.46% 5.49% ▪ Total loans increased $373 million (or 14% 5.38% 5.37% 5.41% annualized), including $219 million of commercial and industrial loan growth. 10,558 ▪ Total loan pipeline at Q3-25 is $864 million 10,022 10,118 1
Slide 13: Credit Trends (1 of 2)
Quarterly . . . Credit Trends (1 of 2) Strong asset quality trends driven by prudent growth and strong credit risk management Non-Performing Loans and Assets ($’000)(1) Special Mention and Substandard Loans ($’000) 0.34% Criticized loans as a % of total loans remain low at 1.17% as of Q3-25 compared
Slide 14: Credit Trends (2 of 2)
Quarterly . . . Credit Trends (2 of 2) Loan Allowance for Credit Losses (ACL) Plus PCD & General NCOs / (Recoveries) and Provision for Credit Loss Credit Marks / Total Loans Expense ($’thousands) Includes $3.3 million of increased provision related to elevated 0.83% 0.83% uncertainty in the macroeco
Slide 15: Deposit Trends
Deposit . . . Trends Deposit Mix Remains Stable ($’millions) ▪ Deposits increased by $204 million (or 2.0%), driven by an 10,436 10,116 10,066 10,177 10,232 increase in non-maturity deposits of $287 million (or 3.6%) 1,638 1,617 1,661 1,687 1,732 from the prior quarter. ▪ The decrease in time deposi
Slide 16: Net Interest Income and Net Interest Margin Trends
Net Interest ... Income and Net Interest Margin Trends Net Interest Income ($’000) NIM Bridge 2.91% 2.91% 90,657 -0.02% 0.04% -0.02% 87,636 86,652 83,329 82,219 Q2-25 NIM Impact of Impact of Increase in int- Q3-25 NIM Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 prepayment fees subordinated earning asset Net Inter
Slide 17: Expense Discipline and Focused Investment
Expense . . . Discipline and Focused Investment Core Non-Interest Expense(1) ($’000) Core Efficiency Ratio(1) 71,474 72,390 72.28% 70.30% 67.74% 64,739 64,294 66.00% 65.81% 62,067 2.16% 2.12% 1.96% 40,242 41,387 1.90% 1.84% 36,602 36,740 35,844 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Core Efficiency Ratio Cor
Slide 18: Generating Consistent Returns
Generating ... Consistent Returns Book Value and Tangible Book Value per Common Share(1) ($) Core ROAA(1), ROTE(1), and ROTCE(1) 29.02 29.08 29.27 28.64 28.81 8.24% 7.89% 7.34% 7.19% 6.17% 7.85% 7.51% 7.00% 19.34 19.52 0.69% 0.65% 19.28 19.16 0.62% 0.60% 18.98 0.53% Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q3-
Slide 19: Management Q4-25 Outlook
Management ... Q4-25 Outlook Outlook Comments • Expecting continued steady growth, subject to unanticipated payoffs and supported by our strong pipeline. Loans 2-3% growth sequentially • Growth will be predominately driven by C&I with muted growth on CRE and Construction. • Credit expected to remain
Slide 20: Management 2026 Outlook
Management ... 2026 Outlook Outlook Comments • Expecting continued steady growth, subject to unanticipated payoffs and supported by our strong pipeline. Loans 7-9% growth • Growth will be driven by C&I verticals offset by run-off on the Residential portfolio. • Credit is expected to remain benign. D
Slide 21: Appendix
Appendix (@] OcEANFirRST
Slide 22: Diversified CRE Portfolio with Conservative Risk Profile
Diversified ... CRE Portfolio with Conservative Risk Profile CRE Investor-Ow ned - Collateral Details ▪ Underlying collateral is diversified. #039;m illions CRE: Investor-Ow ned % of Total WA LTV (%) WA DSCR (x) Office 1,035 22.5% 55.0% 1.80x ▪ Low concentration in the Multi-Family portfolio, which rep
Slide 23: Conservative Risk Profile of CRE IO Office & Construction
Conservative ... Risk Profile of CRE IO Office & Construction CRE Investor-Owned: Office + Construction Portfolio Highlights % of #039;millions Balance % of Office Total Loans WA LTV (%) WA DSCR (x) ▪ 97% of Office & Construction loans are pass-rated General Office 507 49.0% 4.8% 49.9% 1.87x (not class
Slide 24: Track Record of Strong Credit Performance
Track . Record .. of Strong Credit Performance Global Financial Hurricane COVID-19 Crisis Sandy Pandemic 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Q2-25 Q3-25 (1) OCFC NCO / Avg Loans Commercial Banks ($10-50 bn) NCO / Avg Loans ▪ From 2006 to Q3-
Slide 25: Northeast Outperforms Through Credit Cycles
Northeast . . . Outperforms Through Credit Cycles… Hurricane GFC Peak NCOs COVID-19 Global Financial Sandy 1.43% Pandemic Crisis 0.80% 0.63% 0.51% 0.29% 0.32% Northeast Midwest Mid Southeast Southwest West Atlantic 1.1x 1.8x 2.2x 2.8x 4.9x ▪ Historically, net charge-offs for Northeastern headquarter
Slide 26: Similar Story in Commercial Real Estate Portfolios
…With .a. .Similar Story in Commercial Real Estate Portfolios Global Financial Hurricane GFC Peak CRE NCOs COVID-19 Crisis Sandy 0.16% Pandemic 0.11% 0.10% 0.09% 0.04% 0.03% Northeast Southwest Southeast Mid Midwest West Atlantic ▪ Northeastern banks’ CRE portfolio net charge-offs have also historic
Slide 27: Non-GAAP Reconciliations (1 of 2)
Non-GAAP ... Reconciliations (1 of 2) Non-GAAP Reconciliation For the Three Months Ended September 30, June 30, March 31, December 31, September 30, 2025 2025 2025 2024 2024 Core Earnings: Net income available to common stockholders (GAAP) $ 17,330 $ 16,200 $ 20,505 $ 20,905 $ 24,112 Adjustments to
Slide 28: Non-GAAP Reconciliations (2 of 2)
Non-GAAP ... Reconciliations (2 of 2) Non-GAAP Reconciliation For the Three Months Ended September 30, June 30, March 31, December 31, September 30, 2025 2025 2025 2024 2024 Tangible Equity: Total stockholders' equity $ 1,653,427 $ 1,643,680 $ 1,709,117 $ 1,702,757 $ 1,694,508 Less: Goodwill 523,308