Oceanfirst Financial Corp. · NASDAQ:OCFC
Oceanfirst Financial — ACB's Community Bank Investor Conference 2005
18 slides from Oceanfirst Financial's conference presentation, May 18, 2005
Slide 1: OceanFirst Financial Corp. - ACB's Community Bank Investor Conference
Exhibit OceanFirst John ACB’s MAY CONFERENCE NASDAQ: 1 R. 19,COMMUNITY 99.1 Garbarino, 2005 Financial OCFC Chairman, Corp. BANKPresident INVESTOR & CEO Michael J. Fitzpatrick, Executive Vice President & CFO
Slide 2: Forward-looking statements
OceanFirst This statements effect changes Reserve accounting Company circumstances NASDAQ: 2 presentation of Board, in future does are interest principles Financial OCFC after generally not plans thecontains rates, undertake quality the or Corp. anddate strategies identified general guidelines. cert
Slide 3: OceanFirst Today
OceanFirst Holding New (CHL) reduce interest NASDAQ: 3 York a–income company historical wholly City Financial OCFCand through owned for over-reliance Philadelphia Today themortgage balance 103 year sheet on $1.9 banking old CD Billion expansion financial funding subsidiary in Assets services and and
Slide 4: Delivering Shareholder Value - Eight Years
Eight 12/31/2004 Total Core For 2004 EPS Annual ROE Fee Average NASDAQ: 4 the and $1.42 Deposits 1997 13.3% Loans Years Years Dividend Service Annual/Total $.59 CAGR OCFC 12/31/1996 of $1,549,642,000 6.0% 797,336,000 Delivering 13.4% Charge .80 12.1% .27 Shareholder CAGR Income 16.8% Shareholder 317
Slide 5: First Quarter 2005 Results
Improved Completed Deposits Expansion Capitalizing Growth Fee Margin First NASDAQ: 5 and quarter Stabilization of service grew Operating Revenues of Successful OCFC on net Residential 11.0%—$126 loan charge interest officer Results and (last Management income margin Support Loan two market million q
Slide 6: Business Plan 2005-2007: Return Focus
Business Return Focus interest financial Capitalizing NASDAQ: 6 onto income services Plan de double-digit OCFC novo on2005 as thewithin branch the unique – 2007 primary EPS the and advantage growth Bank’s core driver account rates defined of of top-line being development market therevenue local unde
Slide 7: Quarterly Earnings Rebounded
Quarterly Last 1Q 2003 NASDAQ: 7 2Qtwo 2004 3QQuarters Earnings 4Q 2005 OCFC 1Q 2Q up Have 14.3% 3Q Rebounded 4Qand 1Q 17.6% over prior year $0.45 $0.42 $0.39 $0.36 $0.33 $0.30
Slide 8: Retail Branch Expansion
Retail 18 Successful From Additional Freehold New NASDAQ: 8 Branches Little 1996 Branch branch de current Egg through OCFC innovo In-Market tightly Harbor opened branch branching 1Qdefined branch ‘05, March Growth activity 10and market scheduled branches 2005 in core our provide deposit were growth
Slide 9: The Changing Deposit Mix
The Changing 2007 December 26% March 31% Savings CD’s 35% Checking NASDAQ: 9 Goal 66% 36% 25% 31, &40% 8% 33% 31, 2005 MMDA OCFC 1996 Deposit Mix
Slide 10: Loan Portfolio Growth
Loan Portfolio Residential Bank residential Commercial production NASDAQ: 10 is among originations capability OCFC Lending Lending Supporting the leading Market Growth Receivables in 2005 Revenue residential Leader Continues from ofGrowth new $315 mortgage $112 lpos million million replaces originat
Slide 11: The Changing Loan Portfolio Mix
The Changing 2007 December March Consumer Residential Commercial NASDAQ: 11 Goal 31, 31, 2005 5% 7% 9% OCFC 93% 73% 64% 2% 20% 27% 1996 Loan Portfolio Mix
Slide 12: Non-Interest Income Growth
Non-Interest CHL Alternate Trust Accretive Internalizing Income PMI Leverage NASDAQ: 12 Captive 3Q Service more ‘04 the delivery toOCFC the acquisition Income the Reinsurance significant than fees bottom sale grew channel doubling, Driving of 9% non-insured line of first Company boosts aover in prov
Slide 13: Non-Interest Income as % of Revenue
2007 Net December Non-Interest 7% 93% March 28% 72% 33% 67% Excluding NASDAQ: 13 Non-Interest Goal 31,Interest 31, 2005 gain OCFC Income 1996 (loss) Income Income as onasales % of of securities. Revenue
Slide 14: Capital Management
Capital Successfully First Historical stock managed first NASDAQ: 14 quarter mutual dividend Management to OCFC transition 2005, thrift delivering – 5/98; conversion without from 50% on ill our investment stock conceived to1996 include dividend IPO securities acquisitions aBusiness charitable – 5/02
Slide 15: Capital Management (cont'd)
Capital Management Continuing OceanFirst Prospective expansion NASDAQ: 15 driven Foundation OCFC to drive byvalue commercial (cont’d) performing loan as expected and core deposit – without growth bottom-line Raise Tier dilution 2 debt Capital capitalleveraged to supportappropriately growth and share
Slide 16: Building EPS Growth
Building In EPS Restore Balance Grow Prudent Targeting Continued NASDAQ: 16 theGrowth the long double Capital Sheet Additional balance desired repurchase run, OCFC &digit we Management Revenue capital sheet think Shareholder EPS program inlevels the growth excess Expansion following funded ofValue f
Slide 17: Building Franchise Value (cont'd)
Building Effective Chief Net Franchise Successful NASDAQ: 17 charge-offs RiskAdditional Risk Value community Officer OCFC Management amounted Enhancement directing Shareholder banking to Enterprise-wide approximately inValue a most (cont’d.) attractive 3Risk basisManagement Central points ofJersey a
Slide 18: Thank you for your interest in OceanFirst Financial Corp.
Thank you for NASDAQ: 18 OCFCyour interest in OceanFirst Financial Corp.
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