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Letter portraitLegal landscapeQuarterYTD

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