OCFC OceanFirst Financial Corp.

Margins & Returns

OceanFirst Financial Corp., functioning as the parent organization for OceanFirst Bank N.A., delivers a comprehensive suite of community banking services. The institution gathers capital through a variety of deposit instruments, such as money market accounts, savings accounts, interest-bearing checking options, non-interest-bearing demand accounts, and certificates of deposit, serving individual consumers, governmental bodies, and commercial enterprises alike. Its lending portfolio is extensive, covering commercial real estate, multi-family properties, land acquisition, construction projects, and general commercial and industrial financing for businesses. For residential clients, it offers both fixed-rate and adjustable-rate mortgage loans, typically secured by one-to-four family homes. Consumer lending solutions include home equity loans and lines of credit, student loans, overdraft protection lines, loans backed by savings accounts, and other personal credit products. Beyond direct lending, the company strategically invests in mortgage-backed securities, debt instruments issued by the U.S. Government and its agencies, corporate bonds, and various other financial assets. Complementing its core banking functions, OceanFirst provides bankcard services, wealth management, and comprehensive trust and asset management. It also facilitates access to alternative investment products and life insurance offerings. As of the close of 2021, the company maintained a significant operational footprint, including its primary branch in Toms River, administrative centers in Red Bank and Mount Laurel, 46 additional branch locations, and four dedicated deposit production facilities spread across central and southern New Jersey. Furthermore, its commercial loan origination offices extended into New Jersey, New York City, the greater Philadelphia area, Baltimore, and Boston. Tracing its origins to 1902, the institution is headquartered in Red Bank, New Jersey.