Oceanfirst Financial Corp. · NASDAQ:OCFC
Oceanfirst Financial — Shareholder Meeting (May 2015)
14 slides from Oceanfirst Financial's shareholder meeting presentation, May 6, 2015
Slide 1: OceanFirst Financial Corp. 2015 Annual Meeting of Shareholders
OceanFirst Financial Corp. 2015 Annual Meeting Of Shareholders Christopher D. Maher President & Chief Executive Officer May 6, 2015 OceanFirst Financial Corp. 2015 Annual Meeting Of Shareholders Exhibit 99.1
Slide 2: Forward Looking Statements
OceanFirst Financial Corp. Forward Looking Statements: This presentation contains certain forward-looking statements within the meaning of the Private Securities Reform Act of which are based on certain assumptions and describe future plans, strategies and expectations of the Company. These forward-
Slide 3: Discussion Topics
Discussion Topics • 2014 Highlights • 2015 First Quarter Highlights • Areas of Strategic Focus • Questions and Answers
Slide 4: 2014 Highlights
2014 Highlights • Increased dividend 8% to $0.13 per quarter in October 2014 • Repurchased 551,291 common shares • Demonstrated earnings strength of $1.19 per share; 9.18% ROE & 0.86% ROA • Stabilized net interest margin at 3.31% • Maintained tangible common equity at 9.26% of total assets • Grew co
Slide 5: 2014 Highlights – Risk Management
2014 Highlights – Risk Management For the year ended December 31, 2014: • Interest Rate Risk Management Extended $144 million of FHLB advances into – year terms $72 million of retail checking migrated to non-interest bearing Core deposits (1) are 88.0% of total deposits, a significant benefit in a r
Slide 6: 2015 Highlights – First Quarter
2015 Highlights – First Quarter • Announced a merger agreement with Colonial American Bank. Colonial operates two full service banking centers in Middletown and Shrewsbury, New Jersey, with total assets of $143.7 million • Grew commercial loan portfolio $41.3 million, 22.5% annualized; th consecutiv
Slide 7: Areas of Strategic Focus
Areas of Strategic Focus • Continued Emphasis on Commercial Banking • Renewed Focus on Deposit Gathering and Branching • Acquisition of Colonial American • Geographic Expansion via Mercer Loan Production Office
Slide 8: Strategic Loan Composition Transition
Strategic Loan Composition Transition C&I (45.2%) Residential R.E. Consumer & Other C&I Owner- Occupied CRE Investment CRE Residential R.E. Consumer & Other Investment CRE Owner- Occupied CRE Residential R.E. Consumer & Other Investment CRE (1) (1) Commercial loan (CRE and C&I) duration of 3.2 years
Slide 9: Deposit Transition Supported by Strategic Focus on Business Checking
Deposit Transition Supported by Strategic Focus on Business Checking
Slide 10: Deposit Driven Technology and Delivery Systems
Deposit Driven Technology and Delivery Systems Mobile Banking Added mobile deposit capture in 2013. More than 14,000 depositors use mobile, text or smart phone apps monthly. Online Banking & Bill Pay In 2014, 42% of depositors used online banking and an average of 34,000 bills were paid with online
Slide 11: Colonial American Bank Acquisition
Colonial American Bank Acquisition Supports existing Red Bank Financial Center • Deal valued at $11.3 million • Favorable financial terms • Modest execution risk • Projected closing prior to year- end 2015 • Requires regulatory and CAB shareholder approvals
Slide 12: Additional Jackson Branch – Second Quarter 2015
Additional Jackson Branch – Second Quarter 2015 Second Jackson Branch Opening in • Projected Opening June 2015 • Strengthens Market Presence • Streamlined Operating Model
Slide 13: Questions and Answers
Questions and Answers Questions and Answers
Slide 14: Thank You for Attending the 2015 Annual Meeting of Shareholders
THANK YOU FOR ATTENDING THE 2015 ANNUAL MEETING OF SHAREHOLDERS
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