XML 12 R2.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 274,125 $ 123,615
Debt securities available-for-sale, at estimated fair value 1,261,580 827,500
Debt securities held-to-maturity, net of allowance for securities credit losses of $968 at September 30, 2025 and $967 at December 31, 2024 (estimated fair value of $856,550 at September 30, 2025 and $952,917 at December 31, 2024) 919,734 1,045,875
Equity investments 90,731 84,104
Restricted equity investments, at cost 142,398 108,634
Loans receivable, net of allowance for loan credit losses of $81,236 at September 30, 2025 and $73,607 at December 31, 2024 10,489,852 10,055,429
Loans held-for-sale 17,766 21,211
Interest and dividends receivable 47,606 45,914
Other real estate owned 7,498 1,811
Premises and equipment, net 112,449 115,256
Bank owned life insurance 269,136 270,208
Goodwill 523,308 523,308
Intangibles 9,934 12,680
Other assets 158,547 185,702
Total assets 14,324,664 13,421,247
Liabilities and Stockholders’ Equity    
Deposits 10,435,994 10,066,342
Federal Home Loan Bank (“FHLB”) advances 1,705,585 1,072,611
Securities sold under agreements to repurchase with customers 64,869 60,567
Other borrowings 198,138 197,546
Advances by borrowers for taxes and insurance 23,708 23,031
Other liabilities 242,943 298,393
Total liabilities 12,671,237 11,718,490
Stockholders’ equity:    
Preferred stock, $0.01 par value, $1,000 liquidation preference, 5,000,000 shares authorized, 0 and 57,370 shares issued at September 30, 2025 and December 31, 2024, respectively 0 1
Common stock, $0.01 par value, 150,000,000 shares authorized, 62,911,177 and 62,182,767 shares issued at September 30, 2025 and December 31, 2024, respectively; and 57,388,603 and 58,554,871 shares outstanding at September 30, 2025 and December 31, 2024, respectively 625 613
Additional paid-in capital 1,116,335 1,168,321
Retained earnings 660,974 641,727
Accumulated other comprehensive loss (8,788) (15,853)
Less: Unallocated common stock held by Employee Stock Ownership Plan ("ESOP") (1,611) (2,542)
Treasury stock, 5,522,574 and 4,118,321 shares at September 30, 2025 and December 31, 2024, respectively (114,998) (90,617)
OceanFirst Financial Corp. stockholders’ equity 1,652,537 1,701,650
Non-controlling interest 890 1,107
Total stockholders’ equity 1,653,427 1,702,757
Total liabilities and stockholders’ equity $ 14,324,664 $ 13,421,247