Oceanfirst Financial (OCFC) Raises Quarterly Dividend 13.3% to $0.17; 2.7% Yield

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OceanFirst Financial Corp. Announces Record Earnings and Increase to Quarterly Dividend

October 25, 2018 5:16 PM EDT

RED BANK, N.J., Oct. 25, 2018 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC), (the Company), the holding company for OceanFirst Bank N.A. (the Bank), today announced that net income was $24.1 million, or $0.50 per diluted share, for the three months ended September 30, 2018, as compared to $12.8 million, or $0.39 per diluted share, for the corresponding prior year period. For the nine months ended September 30, 2018, net income was $45.2 million, or $0.95 per diluted share, as compared to $32.5 million, or $0.98 per diluted share, for the corresponding prior year period.

The results of operations for the three and nine months ended... More