Slide 1: OceanFirst Financial Corp. Investor Presentation June 2013
Exhibit 99.1 OceanFirst Financial Corp. INVESTOR PRESENTATION JUNE 2013 NASDAQ: OCFC 1
Slide 2: Forward Looking Statements
OceanFirst Financial Corp. 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 for
Slide 3: 111 Years of Growth and Capital Management
111 Years of Growth and Capital Management Founded in Point Pleasant, NJ, in 1902, OceanFirst has grown from a small one-town savings and loan to a full-service community bank serving the Central New Jersey shore. OceanFirst issued stock for the first time in 1996 and over the ensuing years generate
Slide 4: Corporate Profile
Corporate Profile Sussex Passaic Bergen Warren Morris Essex Hudson New York Union Hunterdon Somerset Middlesex Community Bank serving the Central Jersey Shore - $2.3 billion in assets Mercer (! Monmouth and 25 branch offices Market Cap $253.8 million (as of June 3, 2013) Philadelphia Core deposit fu
Slide 5: Experienced Executive Management Team
Experienced Executive Management Team # of Years in # of Years Name Position Banking at OCFC John R. Garbarino Chairman, Chief Executive Officer 41 41 Christopher D. Maher President, Chief Operating Officer 25 - Michael J. Fitzpatrick Executive Vice President, Chief Financial Officer 31 20 Joseph R.
Slide 6: Our Strategy
Our Strategy Positioned as the leading Community Bank in attractive Central Jersey Shore market – growing revenue and creating additional value for our shareholders Offering a full range of consumer and commercial banking products generating diversified income streams Guarding credit quality in ALL
Slide 7: Highlights – First Quarter 2013
Highlights – First Quarter 2013 Earnings per share of $0.26 - adversely impacted by extraordinary loan repurchase reserve activity Tangible book value continues to grow, increasing to $12.43 Strong capital position – tangible common equity of 9.5% of assets Returning Excess Capital – 254,340 shares
Slide 8: Substantial Primary Market Deposit Share
Substantial Primary Market Deposit Share June 30, 2012 # of Dep. In Mkt. Mkt. Shr. Rank Institution Branches ($000) (%) Ocean County, NJ 1 Hudson City Bancorp Inc. (NJ) 14 2,610,613 18.65 2 Wells Fargo Bank NA (CA) 26 2,360,712 16.87 3 TD Bank, National Association (Canada) 21 2,149,131 15.36 4 Ocea
Slide 9: Strategic Deposit Composition Transition
Strategic Deposit Composition Transition NASDAQ: OCFC 9
Slide 10: Strategic Loan Composition Transition
Strategic Loan Composition Transition NASDAQ: OCFC 10
Slide 11: Stabilized NPL’s in a Diversified Portfolio
Stabilized NPL’s in a Diversified Portfolio Exposure Concentrated in Lower Risk One-to-Four Family Non-performing loan (“NPL”). Data as of December 31, unless otherwise noted. (A) Increase traced to superstorm Sandy. NASDAQ: OCFC 11
Slide 12: Prudently Provisioning for Credit Costs
Prudently Provisioning for Credit Costs (1)Increase in charge-offs was primarily due to a change in the Company’s charge-off policy to recognize the charge-off when the loan is deemed uncollectible rather than when the foreclosure process is complete. The additional charge-off relating to the change
Slide 13: Net Interest Margin
Net Interest Margin Remaining Under Pressure in Low Interest Rate Environment NASDAQ: OCFC 13
Slide 14: Diversified Streams of Non-Interest Income
Diversified Streams of Non-Interest Income 2011 Non-Interest Income excludes gain/loss from other real estate operations, gain on sale of equity securities and provision for repurchased loans. NASDAQ: OCFC 14
Slide 15: Generating Attractive Returns
Generating Attractive Returns NASDAQ: OCFC 15
Slide 16: Challenge Today is to Grow Revenue, Build Shareholder Value
Challenge Today is to Grow Revenue Build Shareholder Value Target growth within existing market – increasing share Fourteen de novo branches since 2000 have performed well – still present opportunity for additional growth Expanding presence in Monmouth County with the Red Bank Financial Solutions Ce
Slide 17: Attractive Valuation Metrics
Attractive Valuation Metrics OCFC Peers(1) Valuation Price / Tang. Book Value 116% 133% Price / LQA EPS 13.8x 15.6x Price / Estimated EPS 13.3x 14.2x Cash Dividend Yield 3.3% 2.9% (1) Peers include: DCOM, FFIC, FLIC, HVB, LBAI, ORIT, PBNY, PGC, RCKB, SNBC, SUBK, UVSP and WSFS Note:Financial data as
Slide 18: Why OCFC…?
Why OCFC…? Fundamental franchise value – superior market demographics Crisis tested management team Sandy response and experience Substantial insider ownership – aligned with shareholders Succession planning refreshed Attractive deposit mix and market share Conservative credit culture and profile So
Slide 19: Thank You
THANK YOU FOR YOUR INTEREST IN OCEANFIRST FINANCIAL CORP. SoA | —OCEAN ~ FIRST NASDAQ: OCFC 19
Slide 20: Market Demographics
APPENDIX 1 Market Demographics Ocean Monmouth Middlesex New Jersey National Number of Offices 19 4 1 % of OceanFirst Deposits 85.7 11.1 3.2 Market Rank 4 18 34 Market Share (%) 10.6 1.0 0.2 Population 578,728 649,429 794,605 Projected 2010-2015 4.0 2.0 1.8 1.2 3.8 Population Growth (%) Median Househ
Slide 21: Residential Portfolio Metrics
APPENDIX 2 Residential Portfolio Metrics One-to-Four Family (1-4) Average size of mortgage loans $185,000 Interest-only loans - Amount $35.3 million - % of total 1-4 family loans 4.4% - Weighted average loan-to-value ratio (using original or most recent appraisal) 74% Stated income loans - Amount $4
Slide 22: Commercial Portfolio Metrics
APPENDIX 2 Commercial Portfolio Metrics (Cont’d) Commercial Real Estate (CRE) (1) Total portfolio $470.5 million Average size of CRE loans $770,000 Largest CRE loan $16.2 million (Secured by local university dormitory housing) Commercial Loans (1) Total portfolio $63.7 million Average size of commer
Slide 23: Commercial Portfolio Segmentation
APPENDIX 2 Commercial Portfolio Segmentation (Cont’d) Total Commercial Loan Exposure by Industry Concentration Real Estate Investment by Property Concentration Miscellaneous, 6.1% Miscellaneous, 14.2% Public Administration, 6.5% Educational Services, Real Estate Investment, 32.0% Multi-Family, 3.5%
Slide 24: Impact of Superstorm Sandy
APPENDIX 3 Impact of Superstorm Sandy Commercial loans as of March 31, 2013: No adverse impact. Residential loans as of March 31, 2013: Borrowers impacted by the storm 124 Principal Balance $30.1 million Average Loan Size $243,000 Loan Status: Borrowers Balance (000’s) Loans repaid or brought curren