Slide 1: OceanFirst Financial Corp. Investor Presentation January 2026
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 1 OceanFirst Bank OceanFirst Financial Corp. Investor Presentation(1) January 2026 (1) The 4Q 2025 Investor Presentation should be read in conjunction with the Earnings Release furnished as Exhibit 99.1 to the Form 8-K filed with the SE
Slide 2: Legal Disclaimer
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Legal Disclaimer 2 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 ba
Slide 3: Tailored Footprint Across Key Markets
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Tailored Footprint Across Key Markets Overview of OceanFirst Corporate Overview & Market Data Ticker OCFC (NASDAQ) HQ Red Bank, NJ Branch Network 41 branches; 9 commercial banking centers Core Markets New Jersey, New York City, Greater
Slide 4: Proven Historical Net Interest Income and Loan Growth
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Proven Historical Net Interest Income and Loan Growth 120,262 169,218 240,502 255,971 312,951 305,338 377,477 369,731 334,035 360,223 3.46% 2016 3.52% 2017 3.71% 2018 3.62% 2019 3.16% 2020 2.93% 2021 3.37% 2022 3.02% 2023 2.72% 2024 2.8
Slide 5: Successful Commercial Loan Growth and Geographic Diversification
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Successful Commercial Loan Growth and Geographic DiversificationFont 48% 69% 2016 Q4-25 +21% (Commercial % of Loan Portfolio) Commercial Loans by Geography(1) as of Q4-25 Emphasis on Commercial Increase of $5.8B in commercial loans sinc
Slide 6: Balanced Approach to Deposit Pricing and Growth
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Balanced Approach to Deposit Pricing and Growth Deposit Composition ($’millions) 646 607 867 937 1,373 775 1,542 2,445 2,081 2,469673 877 898 1,491 1,608 1,488 1,399 1,066 986 459 364 570 578 784 736 714 1,022 1,301 1,413 1,627 1,954 2,
Slide 7: Conservative Credit Risk Profile
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Conservative Credit Risk ProfileFont 0.15% 0.01% 0.11% 0.05% 2017 0.09% 0.01% 0.03% 0.13% 0.05% 2018 0.05% 0.08% 0.00% 0.12% 0.04% 2019 0.14% 0.17% 0.02% 0.11% 0.03% 2020 0.02% 0.10% 0.00% 0.07% 0.02% 2021 0.07% 0.04% 0.00% 0.06% 0.02%
Slide 8: Business Model Strength Driving Significant Capital Return
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Business Model Strength Driving Significant Capital ReturnFont $12.33 $0.49 $0.55 $12.91 2014 $0.94 $1.01 $13.67 2015 $1.04 $1.55 $12.94 2016 $1.09 $2.15 $13.58 2017 $1.39 $2.77 $14.26 2018 $1.97 $3.45 $15.13 2019 $2.25 $4.13 $14.98 202
Slide 9: OceanFirst Bank Quarterly
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 99 OceanFirst Bank Quarterly Earnings Update The 4Q 2025 Investor Presentation should be read in conjunction with the Earnings Release furnished as Exhibit 99.1 to the Form 8-K filed with the SEC on January 22, 2026. OCEANFIRST BANK
Slide 10: Q4-25 Financial Highlights
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Q4-25 Financial Highlights (1) For non-GAAP financial measures, please refer to the “Non-GAAP Reconciliations” in the Appendix for a reconciliation to GAAP financial information (2) Q4-25 CET1 Ratio – Preliminary Estimate. Financial Hig
Slide 11: Loan Portfolio Trends
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Loan Portfolio Trends Moderated Loan Growth in the Portfolio ($’millions) ▪ Total loans increased $474 million (or 18% annualized), including $218 million of commercial and industrial loan growth. ▪ Loan originations were robust at $1.0
Slide 12: Quarterly Credit Trends (1 of 2)
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 103,534 125,454 124,112 104,773 93,715 54,526 23,811 21,521 18,972 18,161 3.49% 1.56% Q4-24 3.70% 1.47% Q1-25 3.82% 1.43% Q2-25 3.68% 1.17% Q3-25 1.01% Q4-25 Strong asset quality trends driven by prudent growth and strong credit risk ma
Slide 13: Quarterly Credit Trends (2 of 2)
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Quarterly Credit Trends (2 of 2) Loan Allowance for Credit Losses (ACL) Plus PCD & General Credit Marks / Total Loans NCOs / (Recoveries) and Provision for Credit Loss Expense ($’thousands) 0.06% 0.73% Q4-24 0.05% 0.78% Q1-25 0.05% 0.78
Slide 14: Deposit Trends
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Deposit Trends ▪ Deposits increased by $528 million (or 5.1%), driven by an increase in non-maturity deposits of $275 million (or 3.3%) from the prior quarter. ▪ The $253 million increase in time deposits was primarily driven by higher
Slide 15: Net Interest Income and Net Interest Margin Trends
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Net Interest Income and Net Interest Margin Trends Net Interest Margin (NIM) NIM Bridge 2.69% Q4-24 2.90% Q1-25 2.91% Q2-25 2.91% Q3-25 2.87% Q4-25 Net Interest Margin Net Interest Income ($’000) 83,329 Q4-24 86,652 Q1-25 87,636 Q2-25 9
Slide 16: Expense Discipline and Focused Investment
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Core Efficiency Ratio(1) Expense Discipline and Focused Investment Core Non-Interest Expense(1) ($’000) 10,328 9,081 10,867 10,517 9,757 2,620 2,425 4,336 3,467 3,579 6,366 6,647 6,808 7,164 7,104 2,517 2,983 2,898 2,826 3,102 6,306 6,4
Slide 17: Generating Consistent Returns
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Generating Consistent Returns Book Value and Tangible Book Value per Common Share(1) ($) Core ROAA(1), ROTE(1), and ROTCE(1) ▪ Capital remains strong and above “well capitalized” levels. ▪ Tangible book value per common share increased
Slide 18: Management Q1-26 Outlook
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Management Q1-26 Outlook(1) 18 Outlook Comments Loans 1-2% growth sequentially • Expecting continued steady growth, subject to unanticipated payoffs. • Growth will be predominately driven by C&I with muted growth on CRE and Construction
Slide 19: Management 2026 Outlook
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Outlook Comments Loans 7-9% growth • Expecting continued steady growth, subject to unanticipated payoffs and supported by our strong pipeline. • Growth will be driven by C&I verticals offset by run-off on the Residential portfolio. • Cr
Slide 20: Appendix
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 20 20 20 OceanFirst Bank Appendix OCEANFIRST BANK | January 22, 2026
Slide 21: Diversified CRE Portfolio with Conservative Risk Profile
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Diversified CRE Portfolio with Conservative Risk Profile ▪ Underlying collateral is diversified. ▪ Low concentration in the Multi-Family portfolio, which represents 7% of total assets. ▪ Maturity wall is modest and has a minimal impact:
Slide 22: Conservative Risk Profile of CRE IO Office & Construction
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Conservative Risk Profile of CRE IO Office & Construction Portfolio Highlights ▪ 97% of Office & Construction loans are pass-rated (not classified or criticized). ▪ 93% of Office & Construction loans are classified as non-Central Busine
Slide 23: Track Record of Strong Credit Performance
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 COVID-19 Pandemic Track Record of Strong Credit Performance ▪ From 2006 to Q4-25, inclusive of the Global Financial Crisis, Hurricane Sandy, and the COVID-19 Pandemic, OCFC’s NCO to average loans totaled 13 bps per year compared to 71 b
Slide 24: Northeast Outperforms Through Credit Cycles
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 0.29% 0.32% 0.51% 0.63% 0.80% 1.43% Northeast Midwest Mid Atlantic Southeast Southwest West COVID-19 Pandemic Hurricane Sandy Global Financial Crisis Northeast Outperforms Through Credit Cycles… ▪ Historically, net charge-offs for North
Slide 25: Similar Story in Commercial Real Estate Portfolios
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Hurricane Sandy Global Financial Crisis COVID-19 Pandemic …With a Similar Story in Commercial Real Estate Portfolios 0.03% 0.04% 0.09% 0.10% 0.11% 0.16% Northeast Southwest Southeast Mid Atlantic Midwest West GFC Peak CRE NCOs ▪ Northea
Slide 26: Non-GAAP Reconciliations (1 of 2)
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Non-GAAP Reconciliations (1 of 2) 26 Non-GAAP Reconciliation For the Three Months Ended December 31, September 30, June 30, March 31, December 31, 2025 2025 2025 2025 2024 Core Earnings: Net income available to common stockholders (GAAP
Slide 27: Non-GAAP Reconciliations (2 of 2)
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Non-GAAP Reconciliations (2 of 2) 27 Non-GAAP Reconciliation For the Three Months Ended December 31, September 30, June 30, March 31, December 31, 2025 2025 2025 2025 2024 Tangible Equity: Total stockholders' equity $ 1,662,550 $ 1,653,