Call reports 2023
OCEANFIRST BANK, NATIONAL ASSOCIATION — 2023
What OCEANFIRST BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 13,447,967,000 | 13,434,935,000 | 13,391,518,000 | 13,436,358,000 |
| Total loans | 10,049,029,000 | 10,096,097,000 | 10,132,032,000 | 10,209,025,000 |
| Allowance for loan losses | 60,195,000 | 61,791,000 | 63,877,000 | 67,137,000 |
| Securities available for sale | 448,352,000 | 448,449,000 | 450,766,000 | 751,924,000 |
| Securities held to maturity | 1,246,467,000 | 1,223,471,000 | 1,190,271,000 | 1,160,868,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 10,062,472,000 | 10,233,821,000 | 10,600,330,000 | 10,491,590,000 |
| Interest-bearing deposits | 7,899,460,000 | 8,095,546,000 | 8,659,425,000 | 8,777,830,000 |
| Noninterest-bearing deposits | 2,163,012,000 | 2,138,275,000 | 1,940,905,000 | 1,713,760,000 |
| Equity capital | 1,639,205,000 | 1,647,882,000 | 1,651,341,000 | 1,667,170,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 138,345,000 | 287,803,000 | 445,278,000 | 604,791,000 |
| Interest expense | 37,399,000 | 92,510,000 | 157,118,000 | 227,040,000 |
| Net interest income | 100,946,000 | 195,293,000 | 288,160,000 | 377,751,000 |
| Noninterest income | 7,403,000 | 14,276,000 | 21,224,000 | 28,413,000 |
| Noninterest expense | 58,467,000 | 118,914,000 | 179,804,000 | 236,146,000 |
| Provision for loan losses | 3,324,000 | 5,044,000 | 15,401,000 | 18,696,000 |
| Pretax income | 46,173,000 | 85,716,000 | 114,358,000 | 151,642,000 |
| Income tax | 11,110,000 | 20,908,000 | 27,695,000 | 36,465,000 |
| Net income | 35,063,000 | 64,808,000 | 86,663,000 | 115,177,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,134,107,000 | 1,144,580,000 | 1,147,262,000 | 1,155,896,000 |
| Total capital | 1,197,952,000 | 1,209,475,000 | 1,214,139,000 | 1,226,154,000 |
| Risk-weighted assets | 10,301,858,000 | 10,281,000,000 | 10,230,826,000 | 9,923,145,000 |