Joe Lebel
President
Replay available
OceanFirst Financial Corp. (OCFC) Q2 2026 Earnings Call
OceanFirst Financial Corp. (NASDAQ: OCFC) Q2 2026 earnings conference call, held 2026-07-31. Replay captured from the company's public earnings webcast.
Hosted by
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Pat Barrett
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Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Oceanfirst Financial Corp..
Replay transcript excerpt
WEBVTT 00:00:00.091 -- 00:00:04.774 Good morning and thank you to all who've been able to join our second quarter 2026 earnings 00:00:04.774 -- 00:00:09.317 conference call. This morning I'm joined by our President, Joe Lebel, and our Chief Financial 00:00:09.317 -- 00:00:13.899 Officer, Pat Barrett. We appreciate your interest in our performance and this opportunity 00:00:13.899 -- 00:00:18.042 to discuss our results with you. This morning we will provide brief remarks about the 00:00:18.042 -- 00:00:21.904 financial and operating performance for the quarter and some color regarding the outlook 00:00:21.904 -- 00:00:26.167 for our business. We may refer to the slides filed in connection with the earnings release 00:00:26.167 -- 00:00:28.082 throughout the call. 00:00:28.082 -- 00:00:31.762 After our discussion, we look forward to taking your questions. 00:00:31.883 -- 00:00:35.864 We reported second quarter results that reflect the closing of our transformational acquisition 00:00:35.864 -- 00:00:39.345 of Flushing Financial Corporation on June 1. 00:00:39.345 -- 00:00:44.346 On a gap basis, we reported a net loss of $0.04 per fully diluted share, 00:00:44.346 -- 00:00:50.028 which was driven by $0.47 per share, or $33.6 million, 00:00:50.028 -- 00:00:54.309 of non-recurring merger-related expenses net of taxes. 00:00:54.309 -- 00:00:59.637 On a core basis, which excludes non-recurring items, Earnings per share was 43 00:00:59.637 -- 00:01:05.001 cents, or $30.5 million, unchanged from the prior quarter and up 00:01:05.001 -- 00:01:07.603 39% from the prior year. 00:01:07.603 -- 00:01:12.747 Pre-tax, pre-provisioned core earnings grew by 29% from the prior quarter to 00:01:12.747 -- 00:01:15.069 $44.5 million. 00:01:15.069 -- 00:01:18.532 We've seen quarterly improv...