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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest income:    
Loans $ 133,019 $ 137,121
Debt securities 17,270 19,861
Equity investments and other 3,414 4,620
Total interest income 153,703 161,602
Interest expense:    
Deposits 51,046 59,855
Borrowed funds 16,005 15,523
Total interest expense 67,051 75,378
Net interest income 86,652 86,224
Provision for credit losses 5,340 591
Net interest income after provision for credit losses 81,312 85,633
Other income:    
Bankcard services revenue 1,463 1,416
Net gain on sales of loans 858 357
Net gain on equity investments 205 1,923
Net loss from other real estate operations (16) 0
Income from bank owned life insurance 1,852 1,862
Commercial loan swap income 620 138
Other 1,153 1,591
Total other income 11,253 12,286
Operating expenses:    
Compensation and employee benefits 36,740 32,759
Occupancy 5,497 5,199
Equipment 921 1,130
Marketing 1,108 990
Federal deposit insurance and regulatory assessments 2,983 3,135
Data processing 6,647 5,956
Check card processing 1,170 1,050
Professional fees 2,425 2,732
Amortization of intangibles 940 844
Other operating expense 5,863 4,877
Total operating expenses 64,294 58,672
Income before provision for income taxes 28,271 39,247
Provision for income taxes 6,808 10,637
Net income 21,463 28,610
Net loss attributable to non-controlling interest (46) (57)
Net income attributable to OceanFirst Financial Corp. 21,509 28,667
Dividends on preferred shares 1,004 1,004
Net income available to common stockholders, basic 20,505 27,663
Net income available to common stockholders, diluted $ 20,505 $ 27,663
Basic earnings per share (in dollars per share) $ 0.35 $ 0.47
Diluted earnings per share (in dollars per share) $ 0.35 $ 0.47
Average basic shares outstanding (in shares) 58,102 58,789
Average diluted shares outstanding (in shares) 58,111 58,791
Trust and asset management revenue    
Other income:    
Revenue $ 406 $ 526
Fees and service charges    
Other income:    
Revenue $ 4,712 $ 4,473