Slide 1: Investor Presentation, September 27, 2005
Exhibit OceanFirst John Michael INVESTOR SEPTEMBER NASDAQ: R. 99.1 Garbarino, J. Fitzpatrick, Financial OCFC PRESENTATION 27, 2005 1Chairman, Corp. Executive President Vice President & CEO & CFO
Slide 2: Forward-looking statements
OceanFirst This statements effect changes Reserve accounting Company circumstances NASDAQ: presentation of Board, in future does are interest principles Financial OCFC after generally not plans thecontains 2rates, undertake quality the or Corp. anddate strategies identified general guidelines. certa
Slide 3: OceanFirst Financial Corp. Today
OceanFirst Holding New $2.0 Columbia Transitioning Responding Growing NASDAQ: Billion Yorkcompany revenue Home City Financial OCFC to inthe Assets the and Loans, Bank’s and for Compliance 3Philadelphia Today the –non-interest 18 LLC. balance 103 OceanFirst year (CHL) &sheet Risk income old–Bank fina
Slide 4: Delivering Shareholder Value
Overand 6/30/2005 Total Core Last June EPS Annual ROE Fee Average Shareholder (1997 NASDAQ: 17.9%12 $1.55 30, Deposits Eight 14.2% Loans – Dividend Months 2004) Service Annual/Total 2005 12/31/1996 $.59 Years OCFC $1,657,947,000 Return 6.0% Dec. 858,970,000 13.7% Year Charge of .80 12.2% 431, Delive
Slide 5: Improved Results: Six Months Ended June 30, 2005
Improved Completed Vito Return Deposit 2004 6 * Expansion Capitalizing Growth Fee Net Margin For NASDAQ: mos. 2005 the and Interest R. 11.0% ending of percentage six Nardelli Stabilization of Growth service Balance Operating Revenues of months Successful OCFC Income -on Residential $126 June loan ch
Slide 6: Return to Plan 2005-2007
Return to Plan Business double-digit 2005 – 2007 EPS growth rates Focus non-interest Market Grow Improve Deliver Capitalizing NASDAQ: oncommercial all operating disciplined financial OCFC on theincome 6efficiency unique lending services de novo as advantage services within the through branch primary
Slide 7: Quarterly Earnings Have Rebounded
Quarterly Last NASDAQ: 2005 2003 2004 2Q 3Q 4Q 1Q $0.30 $0.33 $0.36 $0.39 $0.42 $0.45three Earnings Quarters OCFC 7Have up 25.0%, Rebounded 14.3% and 17.6% over prior year
Slide 8: Retail Branches Provide Successful Growth
Retail 18 provide Successful From Additional Freehold Whiting New NASDAQ: Branches Wall Little 1996 Branch significant branch branch branch de current Egg through OCFC innovo In-Market tightly Harbor to opened scheduled be 8branch presence, branching 2Qrelocated defined branch ‘05, March Growth acti
Slide 9: The Changing Deposit Mix
The Changing June December 29% 2007 8% 66% 37% 26% Savings 25% CD’s 34% NASDAQ: 40% Checking 35% MMDA 30, Goal& 2005 31, OCFC 1996 Deposit 9 Mix
Slide 10: Loan Growth: Commercial and Residential Lending
Loan Residential Bank Core off Projected Commercial 2004 2005 * Satellite projected Receivables growing NASDAQ: 2005 ofBank Growth Portfolio is $526 percentage among commercial toto increased originations 27% OCFC million Lending add of Lending 17.9% (through Supporting $335 the $20 of 10 growth lea
Slide 11: The Changing Loan Portfolio Mix
The Changing December June 2007 2% 8% 20% 5% NASDAQ: 64% 27% Commercial 9% Consumer 93% 72% Residential 30, Goal2005 31, OCFC 1996 Loan11Portfolio Mix
Slide 12: Non-Interest Income Revenue Growth
Non-Interest CHL Alternate Immediate Trust Accretive Internalizing Income incremental PMI Leverage NASDAQ: Captive 3Q Service more ‘04 the delivery toearnings OCFC growth the acquisition Income the Reinsurance significant than fees bottom sale grew channel doubling, 12of accretion Driving of$1.2 9%
Slide 13: Non-Interest Income as % of Revenue
December June 7% 28% 2007 72% 93% Non-Interest 33% Net 67% Excluding NASDAQ: Interest 30, Goal2005 31, gain OCFC Income Income 1996 (loss) 13asonasales % ofof Revenue securities.
Slide 14: Capital Management Successfully Delivering
Capital Successfully First Historical Repurchase Eleventh 100% Quarterly Current Wholesale Effective NASDAQ: mutual stock Management attractive repurchase leverage cash leverage OCFC of dividend thrift delivering 16.0 dividend yield conversion of 14 million strategy program core – 5/98; –on increase
Slide 15: Continuing Capital Management
Continuing OceanFirst Prospective Capital Continued Balance Raise $5 NASDAQ: million Tier Management leveraged sheet 2of share Foundation OCFC todebt subordinated expansion drive repurchases capital, appropriately 15value (cont’d) performing driven asdebt necessary, andissued byaggressive commercial
Slide 16: Building EPS Growth
Building In EPS Restore Balance Grow Increase Prudent Targeting Continued Healthy NASDAQ: theGrowth the long double Capital cash Sheet total Additional balance desired repurchase run, OCFC dividend revenue &digit we Management Revenue capital sheet 16 think Shareholder EPS program minimum payout inl
Slide 17: Building Shareholder Value (cont'd)
Building Effective Chief Net Management average Interest Franchise Successful Central CHL metropolitan NASDAQ: charge-offs initiatives Risk Jersey Rate net Additional Risk Value community Officer OCFC loans Risk area Shore Management in amounted Enhancement from controlled the 17 directing Sharehold
Slide 18: Thank you for your interest in OceanFirst Financial Corp.
Thank youCorp. Financial OceanFirst NASDAQ: for OCFCyour18 interest in