Oceanfirst Financial Corp. · NASDAQ:OCFC
Oceanfirst Financial — Q4 2025 Earnings Presentation
20 slides from Oceanfirst Financial's earnings presentation, Jan 23, 2026
Slide 1: OceanFirst Financial Corp. 4Q 2025 Earnings Release Supplement
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 1 OceanFirst Bank OceanFirst Financial Corp. 4Q 2025 Earnings Release Supplement(1) January 2026 (1) The 4Q 2025 Earnings Release Supplement should be read in conjunction with the Earnings Release furnished as Exhibit 99.1 to the Form 8
Slide 2: Legal Disclaimer
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Legal Disclaimer 2 FORWARD LOOKING STATEMENTS. In addition to historical information, this presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are ba
Slide 3: Q4-25 Financial Highlights
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Q4-25 Financial Highlights (1) For non-GAAP financial measures, please refer to the “Non-GAAP Reconciliations” in the Appendix for a reconciliation to GAAP financial information (2) Q4-25 CET1 Ratio – Preliminary Estimate. Financial Hig
Slide 4: Loan Portfolio Trends
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Loan Portfolio Trends Moderated Loan Growth in the Portfolio ($’millions) ▪ Total loans increased $474 million (or 18% annualized), including $218 million of commercial and industrial loan growth. ▪ Loan originations were robust at $1.0
Slide 5: Quarterly Credit Trends (1 of 2)
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 103,534 125,454 124,112 104,773 93,715 54,526 23,811 21,521 18,972 18,161 3.49% 1.56% Q4-24 3.70% 1.47% Q1-25 3.82% 1.43% Q2-25 3.68% 1.17% Q3-25 1.01% Q4-25 Strong asset quality trends driven by prudent growth and strong credit risk ma
Slide 6: Quarterly Credit Trends (2 of 2)
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Quarterly Credit Trends (2 of 2) Loan Allowance for Credit Losses (ACL) Plus PCD & General Credit Marks / Total Loans NCOs / (Recoveries) and Provision for Credit Loss Expense ($’thousands) 0.06% 0.73% Q4-24 0.05% 0.78% Q1-25 0.05% 0.78
Slide 7: Track Record of Strong Credit Performance
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 COVID-19 Pandemic Track Record of Strong Credit Performance ▪ From 2006 to Q4-25, 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 b
Slide 8: Deposit Trends
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Deposit Trends ▪ Deposits increased by $528 million (or 5.1%), driven by an increase in non-maturity deposits of $275 million (or 3.3%) from the prior quarter. ▪ The $253 million increase in time deposits was primarily driven by higher
Slide 9: Net Interest Income and Net Interest Margin Trends
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Net Interest Income and Net Interest Margin Trends Net Interest Margin (NIM) NIM Bridge 2.69% Q4-24 2.90% Q1-25 2.91% Q2-25 2.91% Q3-25 2.87% Q4-25 Net Interest Margin Net Interest Income ($’000) 83,329 Q4-24 86,652 Q1-25 87,636 Q2-25 9
Slide 10: Core Efficiency Ratio: Expense Discipline and Focused Investment
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Core Efficiency Ratio(1) Expense Discipline and Focused Investment Core Non-Interest Expense(1) ($’000) 10,328 9,081 10,867 10,517 9,757 2,620 2,425 4,336 3,467 3,579 6,366 6,647 6,808 7,164 7,104 2,517 2,983 2,898 2,826 3,102 6,306 6,4
Slide 11: Generating Consistent Returns
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Generating Consistent Returns Book Value and Tangible Book Value per Common Share(1) ($) Core ROAA(1), ROTE(1), and ROTCE(1) ▪ Capital remains strong and above “well capitalized” levels. ▪ Tangible book value per common share increased
Slide 12: Management Q1-26 Outlook
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Management Q1-26 Outlook(1) 12 Outlook Comments Loans 1-2% growth sequentially • Expecting continued steady growth, subject to unanticipated payoffs. • Growth will be predominately driven by C&I with muted growth on CRE and Construction
Slide 13: Management 2026 Outlook
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Outlook Comments Loans 7-9% growth • Expecting continued steady growth, subject to unanticipated payoffs and supported by our strong pipeline. • Growth will be driven by C&I verticals offset by run-off on the Residential portfolio. • Cr
Slide 14: Appendix
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 14 14 14 OceanFirst Bank Appendix OCEANFIRST BANK | January 22, 2026
Slide 15: Diversified CRE Portfolio with Conservative Risk Profile
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Diversified CRE Portfolio with Conservative Risk Profile ▪ Underlying collateral is diversified. ▪ Low concentration in the Multi-Family portfolio, which represents 7% of total assets. ▪ Maturity wall is modest and has a minimal impact:
Slide 16: Conservative Risk Profile of CRE IO Office & Construction
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 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 Busine
Slide 17: Northeast Outperforms Through Credit Cycles
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 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 North
Slide 18: Similar Story in Commercial Real Estate Portfolios
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 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 ▪ Northea
Slide 19: Non-GAAP Reconciliations (1 of 2)
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Non-GAAP Reconciliations (1 of 2) 19 Non-GAAP Reconciliation For the Three Months Ended December 31, September 30, June 30, March 31, December 31, 2025 2025 2025 2025 2024 Core Earnings: Net income available to common stockholders (GAAP
Slide 20: Non-GAAP Reconciliations (2 of 2)
. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Non-GAAP Reconciliations (2 of 2) 20 Non-GAAP Reconciliation For the Three Months Ended December 31, September 30, June 30, March 31, December 31, 2025 2025 2025 2025 2024 Tangible Equity: Total stockholders' equity $ 1,662,550 $ 1,653,