Oceanfirst Financial Corp. · NASDAQ:OCFC
Oceanfirst Financial — Q3 2026 Earnings Presentation
25 slides from Oceanfirst Financial's earnings presentation, Oct 27, 2026
Slide 1: Q3 2026 Earnings Release Supplement
... OceanFirst Bank OceanFirst Financial Corp. Q3 2026 Earnings Release Supplement(1) (1) The Q3 2026 Earnings Release Supplement should be read in conjunction with the Earnings Release furnished as Exhibit 99.1 to the Form 8-K filed with the SEC on October 27, 2026. OCEANFIRST BANK | O c t o b e r
Slide 2: Legal Disclaimer
Legal Disclaimer ... FORWARD LOOKING STATEMENTS. In addition to historical information, this presentation contains certain forward-looking statements within the meaning of the federal securities laws, which are based on certain assumptions and describe future plans, strategies and expectations of Oc
Slide 3: Quarterly Earnings Update
... OceanFirst Bank Quarterly Earnings Update 3 3
Slide 4: Q3-26 Financial Highlights
Q3-26. .Financial . Highlights Financial Highlights $0.48 $172 million 0.80% Core Diluted EPS(1) Net Interest Income Core ROAA(1) 10.35% $0.72 10.6% Core ROTCE(1) Core PTPP Diluted EPS(1) CET1 Ratio(2) • Completed the Flushing core system conversion in September, bringing the combined company onto a
Slide 5: Loan Portfolio Trends
Loan Portfolio ... Trends Consistent loan growth with increasing portfolio yields ($’millions) ▪ Total loans increased $216 million (5% 5.82% annualized). 5.49% 5.55% ▪ We maintained strong momentum, delivering 5.43% $735 million (15% increase) in loan 5.34% 16,491 16,276 originations and had $541 m
Slide 6: Deposit Trends
Deposit . . . Trends Deposit Mix Remains Stable ($’millions) 17,760 18,079 – Deposits increased $319 million (or 7% annualized) of 2,837 2,875 which non-maturity deposits grew $178 million. – Total weighted average cost of deposits of 2.17% during Q3-26. 10,964 11,156 6,277 6,334 10,436 – Loan-to-de
Slide 7: Net Interest Income and Net Interest Margin Trends
Net Interest ... Income and Net Interest Margin Trends Net Interest Income ($’000s) NIM Bridge 172,116 0.10% -0.08% 3.18% 3.05% 0.11% 120,730 95,278 96,447 90,657 Q2-26 NIM Impact of Impact of (1) Impact of (2) Q3-26 NIM Q3-25 Q4-25 Q1-26 Q2-26 Q3-26 Purchase Non-Recurring Acquisition & other Net In
Slide 8: Expense Discipline and Focused Investment
Expense . . . Discipline and Focused Investment Core Non-Interest Expense(1) ($’000) Core Efficiency Ratio(1) 114,335 70.30% 68.19% 66.76% 66.20% 2.12% 61.75% 87,165 2.02% 1.97% 1.95% 61,310 1.93% 72,390 71,227 69,125 50,202 Q3-25 Q4-25 Q1-26 Q2-26 Q3-26 41,387 40,984 39,484 Core Efficiency Ratio Co
Slide 9: Generating Consistent Returns
Generating ... Consistent Returns Book Value and Tangible Book Value per Common Share(1) ($) Core ROAA(1) and ROTCE(1) 28.81 28.97 28.98 10.35% 8.21% 8.56% 8.92% 7.19% 24.50 24.32 19.79 19.86 0.80 19.52 0.68 0.71 0.60 0.65 18.19 18.08 Q3-25 Q4-25 Q1-26 Q2-26 Q3-26 Q3-25 Q4-25 Q1-26 Q2-26 Q3-26 Book
Slide 10: Management Q4-26 and Q1-27 Outlook
Management ... Q4-26 and Q1-27 Outlook Q4-26 Q1-27 Comments • Expecting continued steady growth. Loans ~1-2% per quarter • Credit is expected to remain benign and reserves sufficient. Deposits Consistent with loan growth • Maintain loan-to-deposit ratio <=95%. Net Interest Stable to modest expansion
Slide 11: Quarterly Credit Trends (1 of 2)
Quarterly ... Credit Trends (1 of 2) Strong asset quality trends driven by prudent growth and strong credit risk management Non-Performing Loans(1) and Assets(2) ($’000) Special Mention and Substandard Loans ($’000) Criticized loans as a % of total loans remains stable at 3.13%. 0.38% 0.37% The incr
Slide 12: Quarterly Credit Trends (2 of 2)
Quarterly ... Credit Trends (2 of 2) Loan Allowance for Credit Losses (ACL) ($’000) NCOs / (Recoveries) and Provision for Credit Loss Expense ($’000) 0.07% 1.29% 1.29% 0.05% 0.04% 0.03% 0.02% 4,268 4,092 4,002 3,700 0.77% 0.76% 0.77% 2,738 209,716 212,288 1,974 1,514 1,456 81,236 83,726 86,110 617 7
Slide 13: Track Record of Strong Credit Performance
Track. Record .. of Strong Credit Performance Global Financial Crisis Hurricane COVID-19 Sandy Pandemic 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q2-26 Q3-26 OCFC NCO / Avg Loans(1) Commercial Banks ($10-50 bn) NCO / Avg Loans (2) ▪ From 2006
Slide 14: Company Overview
... OceanFirst Bank Company Overview 14 14
Slide 15: Overview of OceanFirst
Overview ... of OceanFirst Corporate CorporateOverview Overviewand Market & Market Data Data Tailored Footprint Across Key Markets(5) Ticker OCFC (NASDAQ) HQ Red Bank, NJ MA NY Branch Network 72 branches; 8 commercial banking centers Moody’s and KBRA Ratings(1) Baa3 and BBB+ Market Cap at 9/30/26 $1
Slide 16: Proven Historical Net Interest Income and Loan Growth
Proven . . .Historical Net Interest Income and Loan Growth Net Interest Income Growth ($’thousands) 3.46% 3.52% 3.71% 3.62% 3.37% 3.16% 2.93% 3.02% 2.90% 3.07% 2.72% 17% (1) Net Interest 389,293 Income CAGR 377,477 369,731 334,035 360,223 312,951 305,338 240,502 255,971 120,262 169,218 2016 2017 201
Slide 17: Balanced Approach to Deposit Pricing and Growth
Balanced ... Approach to Deposit Pricing and Growth Deposit Composition ($’millions) 18,079 2,875 Deposit Stratification 10,964 6,334 10,435 10,066 9,428 9,733 9,675 1,742 1,657 1,617 2,133 2,412 2,101 6,329 3,912 4,354 3,471 39% 5,815 4,001 Total: 1,377 3,647 3,830 4,188 4,343 1,151 4,202 1,047 783
Slide 18: Conservative Credit Risk Profile
Conservative ... Credit Risk Profile Non-performing Loans by Type as % of Loans(1) Continued Focus on Credit Risk(1) 0.52% 0.54% 0.47% 0.21% 0.14% 0.37% 0.38% 0.33% 0.31% 0.32% 0.29% 0.26% 0.27% 0.09% 0.05% 0.32% 0.24% 0.15% 0.17% 0.22% 0.01% 0.10% 0.20% 0.02% 0.19% 0.24% 0.03% 0.08% 0.25% 0.18% 0.2
Slide 19: Business Model Strength Driving Significant Capital Return
Business ... Model Strength Driving Significant Capital Return $31.48 $30.49 The growth in TBV per common Growth Since 2013 $29.48 $3.74 share(1) over the past decade is (1) Tangible Book Value per Share 46.6% $27.68 $3.35 $3.86 attributed to: Total Capital Return per Share 147.3% $2.98 $25.61 ▪ Min
Slide 20: OceanFirst's AI and Automation
OceanFirst’s ... AI and Automation Long-term Strategic Vision Foundation & Quick Wins INFRASTRUCTURE ▪ Drive operating leverage and scale through automation Enterprise data Data governance foundation 2023- management upgraded established ▪ Enhance the customer experience through best-in-class speed
Slide 21: Appendix
... OceanFirst Bank Appendix OCEANFIRST BANK | O c t o b e r 2 7 , 2026 21 21 21
Slide 22: Diversified CRE Portfolio with Conservative Risk Profile
Diversified ... CRE Portfolio with Conservative Risk Profile CRE Investor-Owned - Collateral Details Slide Rounding CRE: % WA WA ▪ Underlying collateral is diversified. $'millions Investor-Owned of Total LTV (%) DSCR (x) Office 1,102 12.8% 56.4% 1.76x ▪ Low concentration in the Multi-Family portfoli
Slide 23: Northeast Outperforms Through Credit Cycles
Northeast ... Outperforms Through Credit Cycles… Hurricane GFC Peak NCOs COVID-19 Global Financial 1.43% Sandy Pandemic Crisis 0.80% 0.63% 0.51% 0.29% 0.32% Northeast Mid Southeast Midwest Southwest West Atlantic 1.8x 2.2x 1.1x 2.8x 4.9x ▪ Historically, net charge-offs for Northeastern headquartered
Slide 24: Non-GAAP Reconciliations (1 of 2)
Non-GAAP ... Reconciliations (1 of 2) Non-GAAP Reconciliation For the Three Months Ended September 30, June 30, March 31, December 31, September 30, 2026 2026 2026 2025 2025 Core Earnings: Net income available to common stockholders (GAAP) $ 16,462 $ (3,029) $ 20,506 $ 13,093 $ 17,330 Adjustments to
Slide 25: Non-GAAP Reconciliations (2 of 2)
Non-GAAP ... Reconciliations (2 of 2) Non-GAAP Reconciliation For the Three Months Ended September 30, June 30, March 31, December 31, September 30, 2026 2026 2026 2025 2025 Tangible Equity: Total stockholders' equity $ 2,395,971 $ 2,411,080 $ 1,669,368 $ 1,662,550 $ 1,653,427 Less: Goodwill 530,846