Oceanfirst Financial Corp. · NASDAQ:OCFC
Oceanfirst Financial — Shareholder Meeting (May 2010)
8 slides from Oceanfirst Financial's shareholder meeting presentation, May 6, 2010
Slide 1: A Busy Year at OceanFirst Financial Corp.
2009 A Busy Year at OceanFirst Financial Corp. January – Accept the $38.3M preferred stock investment under the Treasury Capital Purchase Program (CPP) May – Announce plans for acquisition of Central Jersey Bancorp (CJBK) October – Receive shareholder approval of CJBK acquisition November – Raise $5
Slide 2: We fortified our Balance Sheet
We fortified our Balance Sheet 12/31/08 3/31/10 Tangible Equity Capital $119,783,000 $187,181,000 Ratio to Assets 6.45% 8.51% Tangible Book Value (per share) $9.69 $9.94 During 2009 ...
Slide 3: We added new institutional shareholders
We added new institutional shareholders 12/31/08 3/31/10 Total Shares Outstanding 12,365,000 18,822,000 Institutional Ownership 32.9% 58.5% During 2009 ...
Slide 4: We grew our deposit base and made more sound loans
We grew our deposit base … 12/31/08 3/31/10 Total Deposits $1,274,132,000 $1,381,108,000 and made more sound loans 12 mos. – 3/31/09 12 mos. – 3/31/10 Loans Closed $421,308,000 $554,948,000 During 2009 ...
Slide 5: We increased our bottom line
We increased our bottom line 12 mos. – 3/31/09 12 mos. – 3/31/10 Net Income* $14,711,000 $16,104,000 *Before CPP payments to U.S. Treasury. During 2009 ...
Slide 6: Building Blocks of Our Vision
Building Blocks of Our Vision Responsiveness to Market Competitive Product Array Growing Business Commitment to Extraordinary Customer Care Employer of Choice
Slide 7: OceanFirst: Strength, Stability & Experience
OceanFirst Strength, Stability & Experience Serving our Customers and Community Since 1902 18 Recessions and 1 Depression 19 Recoveries
Slide 8: A Great Time to be a Community Bank
A Great Time to be a Community Bank Well-Positioned for 2010 and the Future Fortified with Capital Well-Positioned to Meet Customer Needs Focused on our Mission
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