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Dec 31, 2021
OceanFirst Q4 2021 Earnings Report
Announced quarterly and annual earnings and financial results.
Key Takeaways
OceanFirst Financial Corp. reported net income available to common stockholders of $21.7 million, or $0.37 per diluted share, for the quarter ended December 31, 2021.
Total loan growth for the quarter was $441.0 million.
Net interest margin increased to 2.99%, from 2.93% in the prior linked quarter, largely driven by the reduction in excess liquidity to fund loan growth.
The Company consolidated nine branches during the fourth quarter for a total of 67 branches consolidated.
The Company’s Board of Directors declared its 100th consecutive quarterly cash dividend on common stock of $0.17 per share.
Revenue by Segment
Forward Guidance
The Company expects to consolidate another 10 branches in the first quarter of 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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