OceanFirst Financial stock: Flushing integration reaches next phase

Published on 11/05/2026 at 03:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

OceanFirst Financial stock enters a new phase after the Flushing integration. Management expects cost savings to support fourth-quarter performance.

Integration supports OceanFirst earnings

Core earnings reached 48 cents per diluted share in the third quarter, while merger costs reduced GAAP earnings to 17 cents.
OceanFirst completed the Flushing core conversion and branch integration in September.
The bank expects cost savings and excess capital accretion to begin supporting results in the fourth quarter.

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OceanFirst Financial reported its first full quarter as a combined company after acquiring Flushing Financial Corporation. In its release dated Tuesday, October 27, 2026, the bank said core earnings rose to 48 cents per diluted share for the three months ended September 30, according to OceanFirst Financial.

GAAP net income available to common stockholders was 16.5 million US dollars, or 17 cents per diluted share. The quarter included 37.1 million US dollars of non-recurring merger-related expenses, equal to 29.4 million US dollars after tax, or 30 cents per share.

Integration shifts the earnings profile

Core earnings increased from 43 cents per diluted share in the linked quarter and from 36 cents a year earlier. Net interest income reached 172.1 million US dollars, compared with 120.7 million US dollars in the second quarter and 90.7 million US dollars a year earlier.

OceanFirst completed its core system conversion and the major integration activities for Flushing in September. The company said the unified platform should allow it to remove redundant back-office expenses and begin realizing anticipated cost savings during the fourth quarter.

Loan growth added 215.7 million US dollars during the quarter, while deposits increased by 319.3 million US dollars to 18.1 billion US dollars. Commercial loan originations rose to 734.8 million US dollars from 641.5 million US dollars in the linked quarter.

Dividend sets the next date

The board declared the 119th consecutive quarterly cash dividend of 20 cents per share. Payment is scheduled for November 20, 2026, to stockholders of record on November 9.

OceanFirst Financial operates as the holding company for OceanFirst Bank N.A., a community-based bank founded in 1902. The bank provides commercial and residential financing, treasury management, trust and asset management, and deposit services across New Jersey, New York, Long Island, and metropolitan areas from Massachusetts through Virginia.