Oceanfirst Financial Corp. · NASDAQ:OCFC

Oceanfirst Financial — Debt Investor Presentation (October 2025)

36 slides from Oceanfirst Financial's debt investor presentation, Oct 22, 2025

  1. Slide 1: Fixed Income Investor Presentation October 2025

    . . . OceanFirst Financial Corp. Fixed Income Investor Presentation October 2025 Exhibit 99.1

  2. Slide 2: Legal Disclaimer

    . . .Legal Disclaimer REGISTRATION STATEMENT; NO OFFER OR SOLICITATION. This presentation is neither an offer to sell nor a solicitation of an offer to purchase any securities of OceanFirst Financial Corp. (the “Company”). If the Company were to conduct an offering of securities in the future, such

  3. Slide 3: Legal Disclaimer (Continued)

    . . .Legal Disclaimer (Continued) NON-GAAP FINANCIAL INFORMATION. This presentation contains certain non-GAAP (generally accepted accounting principles) measures. These non-GAAP measures, as calculated by the Company, are not necessarily comparable to similarly titled measures reported by other comp

  4. Slide 4: Tailored Footprint Across Key Markets

    . . . Tailored Footprint Across Key Markets Overview of OceanFirst Corporate Overview & Market Data Ticker OCFC (NASDAQ) HQ Red Bank, NJ Branch Network 40 branches; 9 commercial banking centers Core Markets New Jersey, New York City, Greater Philadelphia Expansion Markets Boston, Northern Virginia,

  5. Slide 5: Key Investor Highlights

    . . .Key Investor Highlights Positioned in high-growth markets with opportunities for retail expansion Consistent profitability through various economic cycles Growth plan focused on obtaining stable low-cost deposits to fund future commercial lending opportunities Experienced commercial lender with

  6. Slide 6: Company history and asset growth

    . . . 2,451 2,552 5,416 5,472 7,751 9,541 11,740 13,104 13,538 13,421 14,325 2,615 2,044 1,907 142 2015 2016 2017 2018 495 2019 2020 2021 2022 2023 2024 Q3-25 2,593 5,167 7,516 8,246 11,448 Founded in Point Pleasant, NJ Established Trust and Asset Management IPO to Mutual Depositors Established Comm

  7. Slide 7: Premier Bank Launch

    . . .Premier Bank Launch Multi-Year Aspiration Goals Performance To Date  Teams to achieve their full run-rate in 2 to 3 years.  Target deposits of $2 to $3 billion by end of 2027.  9 Teams hired and onboarded, totaling 36 FTEs.  $242 million of deposits through 9/30/25 at a weighted average cos

  8. Slide 8: Proven Historical Net Interest Income and Loan Growth

    . . .Proven Historical Net Interest Income and Loan Growth 120,262 169,218 240,502 255,971 312,951 305,338 377,477 369,731 334,035 264,945 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 2.91% 354,230 YTD Sep-25 Net Interest Margin YTD Net Interest

  9. Slide 9: Successful Commercial Loan Growth and Geographic Diversification

    . . .Successful Commercial Loan Growth and Geographic Diversification 48% 68% 2016 Q3-25 +21% (Commercial % of Loan Portfolio) Commercial Loans by Geography(1) as of Q3-25 Emphasis on Commercial Increase of $5.4B in commercial loans since 2016 Total: $7.2B 38% 30% 22% 5% New Jersey New York Philadel

  10. Slide 10: Balanced Approach to Deposit Pricing and Growth

    . . .Balanced Approach to Deposit Pricing and Growth Deposit Composition ($’millions) 646 607 867 937 1,373 775 1,542 2,445 2,081 2,215673 661 877 898 1,491 1,608 1,488 1,399 1,066 1,000 459 364 570 784 736 714 1,022 1,301 1,398 1,627 1,954 2,350 2,539 3,647 4,202 3,830 3,912 4,001 4,091 783 757 1,1

  11. Slide 11: Conservative Credit Risk Profile

    . . .Conservative Credit Risk Profile 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% 2022 0.18% 0.00% 0.05% 0.02% 2023 0.10% 0.04% 0.00% 0.10% 0.03% 2024 0.18% 0.07%

  12. Slide 12: Business Model Strength Driving Significant Capital Return

    . . .Business Model Strength Driving Significant Capital Return $12.33 $0.49 $0.55 $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 2020 $2.86 $4.81 $15.93 2021 $2.98 $5.55 $17.08 2022 $2.98 $6.35 $18.35 2023 $3.35 $

  13. Slide 13: Historical Consolidated Capital Ratios

    . . . 9.4% 9.2% 9.4% 9.3% 9.5% 9.1% 2020 2021 2022 2023 2024 Q3-25 Historical Consolidated Capital Ratios Leverage Ratio(2) 8.3% 8.4% 8.0% 8.4% 8.6% 8.1% 2020 2021 2022 2023 2024 Q3-25 Tangible Common Equity / Tangible Assets(1) Common Equity Tier 1 Ratio(2) Total Risk-Based Capital Ratio(2) 13 (1)

  14. Slide 14: Quarterly

    . . . Quarterly Earnings Update 14

  15. Slide 15: Q3-25 Financial Highlights

    . . .Q3-25 Financial Highlights Financial Highlights $0.36 Core Diluted EPS(1) $91 million Net Interest Income 0.60% Core ROAA(1) 7.19% Core ROTCE(1) $0.54 Core PTPP Diluted EPS(1) 10.6% CET1 Ratio(2)  Total loans increased $373 million (or 14% annualized), including $219 million of commercial and

  16. Slide 16: Loan Portfolio Trends

    . . .Loan Portfolio Trends Moderated Loan Growth in the Portfolio ($’millions)  Total loans increased $373 million (or 14% annualized), including $219 million of commercial and industrial loan growth.  Total loan pipeline at Q3-25 is $864 million with a robust commercial loan pipeline of $711 mill

  17. Slide 17: Track Record of Strong Credit Performance

    . . . COVID-19 Pandemic Track Record of Strong Credit Performance  From 2006 to Q3-25, 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 bps for all commercial banks between $10 - $50 billion in a

  18. Slide 18: Quarterly Credit Trends (1 of 2)

    . . . 103,384 103,534 125,454 124,112 104,773 85,721 54,526 23,811 21,521 18,972 3.58% 1.89% Q3-24 3.49% 1.56% Q4-24 3.70% 1.47% Q1-25 3.82% 1.43% Q2-25 1.17% Q3-25 Strong asset quality trends driven by prudent growth and strong credit risk management Quarterly Credit Trends (1 of 2) Note: At Septem

  19. Slide 19: Quarterly Credit Trends (2 of 2)

    . . .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% 0.69% Q3-24 0.06% 0.73% Q4-24 0.05% 0.78% Q1-25 0.05% 0.78% Q2-25 0.04% 0.77% Q3-25 0.75% 0.79% 0.8

  20. Slide 20: Diversified CRE Portfolio with Conservative Risk Profile

    . . .Diversified CRE Portfolio with Conservative Risk Profile  Underlying collateral is diversified.  Low concentration in the Multi-Family portfolio, which represents 6% of total assets.  Maturity wall is modest and has a minimal impact: Our CRE Investor- Owned maturity wall, totaling $833 milli

  21. Slide 21: Conservative Risk Profile of CRE IO Office & Construction

    . . .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 Business District loans.  CBD loans comprise < 1% of total asset

  22. Slide 22: High Quality and Low Risk Investment Portfolio

    . . .High Quality and Low Risk Investment Portfolio  Unrealized gain on AFS debt securities of $3 million for the quarter-ended 9/30/25 ($9 million in the YTD period).  Portfolio remains high quality as 91% of rated securities held and investment grade rating of AAA or AA.  Total effective durati

  23. Slide 23: Deposit Trends

    . . .Deposit Trends  Deposits increased by $204 million (or 2.0%), driven by an increase in non-maturity deposits of $287 million (or 3.6%) from the prior quarter.  The decrease in time deposits was primarily driven by brokered CD run-off of $118 million.  We expect Q4-25 deposit growth to be in

  24. Slide 24: Uninsured Deposit Trending

    . . .Uninsured Deposit Trending 16% 84% Q3-24 16% 84% Q4-24 17% 83% Q1-25 17% 83% Q2-25 18% 82% Q3-25 Adjusted Uninsured Deposits Adjusted Insured Deposits % of Total Deposits (Adjusted Uninsured vs Insured) Note: Uninsured deposits are reported at the consolidated Bank level per the Call Report. (1

  25. Slide 25: Liquidity Sources are Robust and Diverse

    . . .Liquidity Sources are Robust and Diverse Liquidity remains robust:  Adjusted uninsured deposits accounted for 18% of total deposits.  OCFC had no outstanding borrowings from the Federal Reserve Discount Window, strong sources of backstop liquidity. 1,368 1,932 689 145 1,444 Liquidity Sources

  26. Slide 26: Net Interest Income and Net Interest Margin Trends

    . . .Net Interest Income and Net Interest Margin Trends Net Interest Margin NIM Bridge 2.67% Q3-24 2.69% Q4-24 2.90% Q1-25 2.91% Q2-25 2.91% Q3-25 NIM Net Interest Income ($’000) 82,219 Q3-24 83,329 Q4-24 86,652 Q1-25 87,636 Q2-25 90,657 Q3-25 Net Interest Income Headwinds  Competitive market envir

  27. Slide 27: Expense Discipline and Focused Investment

    . . . Core Efficiency Ratio(1) Expense Discipline and Focused Investment Core Non-Interest Expense(1) ($’000) 9,512 10,328 9,081 10,867 10,517 1,970 2,620 2,425 4,336 3,467 5,940 6,366 6,647 6,808 7,1642,618 2,517 2,983 2,898 2,8266,183 6,306 6,418 6,323 7,029 35,844 36,602 36,740 40,242 41,387 Q3-2

  28. Slide 28: Generating Consistent Returns

    . . .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 $0.24 or 1% from the same quarter last year. Capital Manage

  29. Slide 29: Appendix

    Appendix @ OcEANFirst

  30. Slide 30: Double Leverage & Interest Coverage

    . . .Double Leverage & Interest Coverage 30 ($ in thousands) Double Leverage Ratio As of the Year Ended: Period Ended 12/31/2021 12/31/2022 12/31/2023 12/31/2024 9/30/2025 Investment in Subsidiaries $1,575,549 $1,630,199 $1,672,406 $1,704,037 $1,718,281 Parent Company Equity 1,516,553 1,585,464 1,66

  31. Slide 31: Deep and Experienced Management with Large Bank Experience

    . . .Deep and Experienced Management with Large Bank Experience Steven Tsimbinos Senior Executive Vice President, General Counsel & Corporate Secretary Joined in 2010 Michele Estep Senior Executive Vice President & Chief Administrative Officer Joined in 2018 David Berninger Senior Executive Vice Pre

  32. Slide 32: Highly Qualified Board

    . . .Highly Qualified Board Chris Maher Chairman & CEO of OCFC Director since 2014 Tony Coscia Partner at Windels Marx; Chairman of the Board of Directors of Amtrak Lead Indep. Director since 2022, Director since 2018 John Barros Managing Principal of Civitas Builder Director since 2023 Grace Torres

  33. Slide 33: Northeast Outperforms Through Credit Cycles

    . . . 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 Northeastern headquartered banks have greatly outperformed majo

  34. Slide 34: With a Similar Story in Commercial Real Estate Portfolios

    . . . 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  Northeastern banks’ CRE portfolio net charge-offs have also histo

  35. Slide 35: Non-GAAP Reconciliations (1 of 2)

    . . .Non-GAAP Reconciliations (1 of 2) 35 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

  36. Slide 36: Non-GAAP Reconciliations (2 of 2)

    . . .Non-GAAP Reconciliations (2 of 2) 36 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

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