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Oceanfirst Bank, National Association

Toms River, NJ · Cert 28359 · Oceanfirst Financial Corp.

National charter · OCC · 73 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks over $10B in assets in the New York-Newark-Jersey City, NY-NJ area3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks over $10B in assets in the New York-Newark-Jersey City, NY-NJ area (n=15). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

38

Q2 2024Q2 2026peer median (50)

Asset Quality

63

Q2 2024Q2 2026peer median (50)

Profitability

18

Q2 2024Q2 2026peer median (50)

Liquidity

64

Q2 2024Q2 2026peer median

Efficiency

7

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Oceanfirst Bank, National Association

Toms River, NJ · Cert 28359 · Oceanfirst Financial Corp.

National charter · OCC · 73 branches

Q2 2026

$23.2BAssets
$16.3BLoans
$18.0BDeposits
$2.7BEquity
Loan mix
92%RE $9.9B8%C&I $0.9B0%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
83%Interest-bearing $15.0B17%Noninterest $3.0BQ2 2025Q2 2026

NIM

4.78%Q2 ’244.67%Q2 ’254.38%Q2 ’26+6%-4%

Non-interest income vs. expense

1.67%Q2 ’241.99%Q2 ’252.28%Q2 ’26+20%+21%

Market Position · New York-Newark-Jersey City, NY-NJ · 2026 SOD (annual) · 0.5% share · #23 of 151 inst. · $13.6B of $2921.1B

14.1% Ocean
3.4% Nassau
6.3% Monmouth
23.7% Atlantic

Executive Summary

  • Earnings: ROA of 0.35%, down 31 bps year over year; NIM at 2.71%.
  • Asset quality: problem loans at 0.66% of loans (+34 bps YoY), with net charge-offs at 0.03%.
  • Capital: tier 1 leverage ratio of 12.62%, up 352 bps from a year ago.
  • Funding: loans stand at 90.74% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.35%-31 bps YoY

Net Interest Margin (YTD, annualized)

2.71%-11 bps YoY

Efficiency Ratio (YTD, annualized)

79.07%+1,347 bps YoY

Tier 1 Leverage Ratio

12.62%+352 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.66%0.63%0.61%0.72%0.35%-31 bps
Return on Equity5.14%4.99%4.87%5.96%2.90%-225 bps
Net Interest Margin2.82%2.81%2.71%2.86%2.71%-11 bps
Efficiency Ratio65.60%67.16%68.55%67.13%79.07%+1,347 bps
Non-Interest Burden1.71%1.74%1.73%1.81%2.06%+36 bps
Growth
Asset Growth (YoY)0.18%6.31%8.55%9.48%75.08%+7,490 bps
Loan Growth (YoY)1.82%5.30%8.96%9.84%59.54%+5,771 bps
Deposit Growth (YoY)2.83%3.71%8.07%9.12%73.48%+7,065 bps
Asset Quality
Nonperforming Loans / Loans0.33%0.39%0.25%0.31%0.66%+34 bps
Net Charge-Offs / Loans0.06%0.04%0.05%0.03%0.03%-3 bps
Allowance / Loans0.78%0.77%0.76%0.77%1.29%+51 bps
Allowance Coverage of NPLs2.4x2.0x3.0x2.5x1.9x-0.4x
Capital
Tier 1 Leverage Ratio9.10%9.07%8.71%8.80%12.62%+352 bps
Total Risk-Based Capital12.38%12.10%12.39%12.60%13.91%+153 bps
Equity / Assets12.72%12.01%12.01%12.18%11.70%-102 bps
Liquidity & Funding
Loans / Deposits98.68%100.27%100.17%99.07%90.74%-793 bps
Liquid Assets / Assets7.93%7.83%6.61%6.34%13.03%+510 bps
CRE / Total Capitaln/a520%528%522%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Oceanfirst Bank, National Association

Toms River, NJ · Cert 28359 · Peer group: banks over $10B in assets in the New York-Newark-Jersey City, NY-NJ area (n=15) · Oceanfirst Financial Corp.

National charter · OCC · 73 branches

Q2 2026

$23.2BAssets
$16.3BLoans
$18.0BDeposits
$2.7BEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 73% of banks over $10B in assets in the New York-Newark-Jersey City, NY-NJ area (rank 5 of 15).
  • Widest gap: return on equity trails 100% of banks over $10B in assets in the New York-Newark-Jersey City, NY-NJ area (rank 15 of 15).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

0.26%

Rank 15 of 15

Net Interest Margin

2.71%

Rank 7 of 15

Efficiency Ratio

80.48%

Rank 15 of 15

Equity / Assets

11.70%

Rank 6 of 15

Non-interest income vs. expense

$36.4M$391.7MINCOMEEXPENSE
Unfavorable gap of $355.2M · efficiency ratio beats 7% of banks over $10B in assets in the New York-Newark-Jersey City, NY-NJ area
Bank 80.48%Peer median 55.4%Q2 2025Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.26%0.74%0.98%1.14%Beats 0%15 / 15
Return on Equity2.21%5.21%8.81%10.53%Beats 0%15 / 15
Net Interest Margin2.71%1.76%2.56%3.09%Beats 53%7 / 15
Efficiency Ratio80.48%49.33%55.36%65.80%Beats 7%15 / 15
Asset Quality
Nonperforming Loans / Loans0.66%0.39%0.66%0.92%Beats 53%8 / 15
Net Charge-Offs / Loans0.02%0.01%0.03%0.10%Beats 73%5 / 15
Capital
Tier 1 Capital Ratio12.96%12.31%14.32%17.39%Beats 27%11 / 15
Total Risk-Based Capital Ratio13.91%13.34%14.76%19.29%Beats 27%11 / 15
Equity / Assets11.70%8.06%10.22%12.59%Beats 60%6 / 15
Liquidity & Funding
Loans / Deposits90.74%52.62%85.61%96.57%67th pctl5 / 15
Loans / Assets70.32%32.81%69.81%78.17%53rd pctl7 / 15
Brokered Deposits / Depositsn/aNot reported for this institution