Ocean Bank Assets, Loans and Deposits Show Continued Growth

MIAMI--(BUSINESS WIRE)-- Ocean Bank announced today total assets reached $7.25 billion at the second quarter ended June 30, an 8 percent increase from year-end 2024 and 13 percent above the second quarter of 2024.

Total loans grew to $5.69 billion and deposits to $6.13 billion on June 30.

“I am extremely proud of and grateful to the Ocean Bank team for their work that raised the bank past the $7 billion milestone in assets,” said Agostinho Alfonso Macedo, President Chairman and CEO of Ocean Bank.

“We continue to show strong results in all areas, with net interest income of $112 million and revenue of $127 million year-to-date. Our net income of $30.4 million during the six months brought stockholder’s equity to $668.4 million and our Tier 1 capital ratio to 9.64 percent.”

About Ocean Bank

Ocean Bank is the largest independent, state-chartered commercial bank headquartered in Florida, with $7.25 billion in assets. Chartered in 1982, Ocean Bank operates its network of 24 branches throughout Miami-Dade, Broward, Palm Beach and Orange counties. The community bank has received numerous awards and accolades from the Greater Miami Chamber of Commerce, The Beacon Council and the Florida Department of Education, among others, for its support of our South Florida communities. For more information, log on to www.oceanbank.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250801767299/en/

For Ocean Bank
Wragg & Casas
Ray Casas, (305) 372-1234

Source: Ocean Bank

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