Ocean Bank Announces Record Assets And Stockholder Equity

MIAMI--(BUSINESS WIRE)-- Ocean Bank announced today record assets, loans, deposits and shareholder equity for the quarter ended Sept. 30, and increases in net income in both the third quarter and year-to-date.

Total assets grew to $7.4 billion, an increase of 10 percent for the year, while deposits increased 12 percent to $6.3 billion and loans 6 percent to $5.9 billion.

“Our continued success in lending brought net interest income for the year to $172 million and net income to $47.8 million year-to-date,” said Agostinho Alfonso Macedo, President, Chairman d CEO of Ocean Bank.

The results raised stockholder’s equity to $694 million, an increase of $59 million from year-end 2024. Tier 1 leveraged ratio stood at 9.64.

About Ocean Bank

Ocean Bank is the largest independent, state-chartered commercial bank headquartered in Florida, with $7.4 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/20251031825913/en/

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

Source: Ocean Bank

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