OceanFirst: Q3 Earnings Snapshot
By AP News
Published - Oct 17, 2024, 04:25 PM ET
Last Updated - Dec 16, 2024, 06:13 PM EST
RED BANK, N.J. (AP) — RED BANK, N.J. (AP) — OceanFirst Financial Corp. (OCFC) on Thursday reported third-quarter net income of $25.1 million.
On a per-share basis, the Red Bank, New Jersey-based company said it had net income of 42 cents. Earnings, adjusted for non-recurring gains, came to 39 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.
The holding company for OceanFirst Bank posted revenue of $176.2 million in the period. Its adjusted revenue was $96.9 million, also topping Street forecasts. Three analysts surveyed by Zacks expected $92.8 million.
