OceanFirst Financial Corp. announced it will issue its earnings release for the quarter ended June 30, 2026, on Thursday, July 30, 2026, after the market close. Management will conduct a conference call on Friday, July 31, 2026, at 11:00 a.m. Eastern Time to discuss the company's quarterly operating performance.

Conference Call Details

Investors can participate in the call using the direct dial number 833-461-5787 (toll free) with meeting ID 387420595. A replay will be available online. The call will also be accessible via a live webcast on the company's investor relations website. Web users are advised to register at least fifteen minutes prior to the start time.

Company Overview

OceanFirst Financial Corp. is the holding company for OceanFirst Bank N.A., a $23 billion regional bank founded in 1902. The bank serves business and retail customers across New Jersey, New York, Long Island, and metropolitan areas from Massachusetts through Virginia. Services include commercial and residential financing, treasury management, trust and asset management, and deposit services.

OceanFirst Financial Corp. has completed the sale of $1.3 billion of multifamily loans, significantly reducing its exposure to rent regulation risk in the New York City metropolitan area. The transaction involved approximately 1,400 loans originated by Flushing Bank, which OceanFirst acquired through its merger on June 1, 2026. By divesting these assets, the company has lowered its concentration of loans with greater than 50% rent-regulated units to less than 2.5% of total assets.

The sold portfolio consisted of loans with an aggregate balance of $1.3 billion, of which $736 million were collateralized by rent-regulated properties. Christopher Maher, Chief Executive Officer of OceanFirst, stated that the move allows the bank to rebalance its Commercial Real Estate and Multifamily exposure. He emphasized that reducing exposure to rent-regulated properties aligns with the company's strategic objectives given current market dynamics.

The purchase price for the portfolio was consistent with the initial valuation estimates provided at the time of the acquisition announcement. The sale enables OceanFirst to mitigate risks associated with rent regulations while optimizing its balance sheet structure. Further details regarding the financial impact of the repositioning will be disclosed in the company's second quarter earnings release and conference call.

Transaction Overview

BofA Securities acted as the exclusive financial advisor and selling agent for the transaction, while Morgan, Lewis & Bockius LLP provided legal counsel. OceanFirst Financial Corp. is the holding company for OceanFirst Bank N.A., a $23 billion regional bank serving customers across New Jersey, New York, and other metropolitan areas from Massachusetts through Virginia.