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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income:      
Loans $ 521,865 $ 390,386 $ 315,237
Debt securities 59,273 34,407 22,033
Equity investments and other 26,836 6,382 4,822
Total interest income 607,974 431,175 342,092
Interest expense:      
Deposits 172,018 31,021 25,210
Borrowed funds 66,225 22,677 11,544
Total interest expense 238,243 53,698 36,754
Net interest income 369,731 377,477 305,338
Provision for credit losses (benefit) 17,678 7,768 (11,832)
Net interest income after provision for credit losses (benefit) 352,053 369,709 317,170
Other income:      
Bankcard services revenue 5,912 9,219 13,360
Net gain on sales of loans 428 358 3,186
Net (loss) gain on equity investments (3,732) 9,685 7,145
Net gain (loss) from other real estate operations 0 48 (15)
Income from bank owned life insurance 5,280 6,578 6,832
Commercial loan swap income 741 7,065 4,095
Other 1,212 953 1,159
Total other income 33,624 59,094 51,931
Operating expenses:      
Compensation and employee benefits 135,802 131,915 120,014
Occupancy 21,188 20,817 20,481
Equipment 4,650 4,987 5,443
Marketing 4,238 2,947 2,169
Federal deposit insurance and regulatory assessments 11,157 7,359 6,155
Data processing 24,835 23,095 21,570
Check card processing 4,640 4,971 5,182
Professional fees 18,297 12,993 11,043
Amortization of core deposit intangible 3,984 4,718 5,453
Branch consolidation expense, net 70 713 12,337
Merger related expenses 22 2,735 1,503
Other operating expense 20,029 17,631 15,510
Total operating expenses 248,912 234,881 226,860
Income before provision for income taxes 136,765 193,922 142,241
Provision for income taxes 32,700 46,565 32,165
Net income 104,065 147,357 110,076
Net income attributable to non-controlling interest 36 754 0
Net income attributable to OceanFirst Financial Corp. 104,029 146,603 110,076
Dividends on preferred shares 4,016 4,016 4,016
Net income available to common stockholders, basic 100,013 142,587 106,060
Net income available to common stockholders, diluted $ 100,013 $ 142,587 $ 106,060
Basic earnings per share (in dollars per share) $ 1.70 $ 2.43 $ 1.79
Diluted earnings per share (in dollars per share) $ 1.70 $ 2.42 $ 1.78
Average basic shares outstanding (in shares) 58,948 58,730 59,406
Average diluted shares outstanding (in shares) 58,957 58,878 59,649
Trust and asset management revenue      
Other income:      
Revenue $ 2,529 $ 2,386 $ 2,336
Fees and service charges      
Other income:      
Revenue $ 21,254 $ 22,802 $ 13,833