Oceanfirst Financial Corp (OCFC) Tops Q1 EPS by 2c

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Go back to Oceanfirst Financial Corp (OCFC) Tops Q1 EPS by 2c

OceanFirst Financial Corp. Announces Quarterly Financial Results

April 23, 2015 4:30 PM EDT

TOMS RIVER, N.J., April 23, 2015 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (Nasdaq: OCFC), (the "Company"), the holding company for OceanFirst Bank (the "Bank"), today announced that diluted earnings per share increased to $0.32 for the quarter ended March 31, 2015, as compared to $0.28 for the corresponding prior year period.

Highlights for the quarter are described below.

Commercial loans outstanding increased $41.3 million, an annualized growth rate of 22.5%, the seventh consecutive quarter of double digit percentage growth. Deposit growth totaled $80.8 million, which included $73.7 million of core deposits (all deposits except time deposits). On... More