Call reports 2024
OCEANFIRST BANK, NATIONAL ASSOCIATION — 2024
What OCEANFIRST BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 13,309,822,000 | 13,211,126,000 | 13,386,197,000 | 13,331,830,000 |
| Total loans | 10,140,084,000 | 10,032,019,000 | 10,055,701,000 | 10,150,245,000 |
| Allowance for loan losses | 67,173,000 | 68,839,000 | 69,066,000 | 73,607,000 |
| Securities available for sale | 738,671,000 | 715,475,000 | 905,436,000 | 819,654,000 |
| Securities held to maturity | 1,129,724,000 | 1,106,802,000 | 1,076,033,000 | 1,046,842,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 10,300,518,000 | 10,067,421,000 | 10,182,500,000 | 10,217,492,000 |
| Interest-bearing deposits | 8,620,389,000 | 8,397,617,000 | 8,504,656,000 | 8,564,064,000 |
| Noninterest-bearing deposits | 1,680,129,000 | 1,669,804,000 | 1,677,844,000 | 1,653,428,000 |
| Equity capital | 1,657,959,000 | 1,669,074,000 | 1,691,145,000 | 1,696,671,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 160,599,000 | 318,997,000 | 479,543,000 | 638,453,000 |
| Interest expense | 73,050,000 | 147,943,000 | 224,902,000 | 299,067,000 |
| Net interest income | 87,549,000 | 171,054,000 | 254,641,000 | 339,386,000 |
| Noninterest income | 8,560,000 | 16,407,000 | 27,245,000 | 36,467,000 |
| Noninterest expense | 56,065,000 | 111,797,000 | 172,518,000 | 234,025,000 |
| Provision for loan losses | 385,000 | 3,503,000 | 3,641,000 | 6,578,000 |
| Pretax income | 39,344,000 | 71,853,000 | 105,042,000 | 133,982,000 |
| Income tax | 10,817,000 | 18,291,000 | 26,047,000 | 31,422,000 |
| Net income | 28,527,000 | 53,562,000 | 78,995,000 | 102,560,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,148,120,000 | 1,157,610,000 | 1,175,318,000 | 1,161,564,000 |
| Total capital | 1,218,619,000 | 1,229,772,000 | 1,248,082,000 | 1,238,011,000 |
| Risk-weighted assets | 9,826,681,000 | 9,714,686,000 | 9,774,641,000 | 9,819,750,000 |