OceanFirst Financial Corp. reported Q4 2025 earnings per share of $0.41, exceeding the consensus estimate of $0.39 by 6.03%. Fourth-quarter revenue reached $104.7 million, topping projections of $103.7 million by 1.94% and up 9.6% from $95.6 million in the prior-year period. This marks the third revenue beat in four quarters and the second consecutive EPS outperformance, reflecting continued momentum in core lending and deposit-gathering activities.

Net income available to common stockholders for Q4 2025 was $13.1 million, or $0.23 per diluted share, down from $20.9 million, or $0.36 per diluted share, in Q4 2024. The 37% decline in quarterly net income was driven by higher provision expense related to loan growth and a modest compression in net interest margin, which narrowed by 10 basis points sequentially to 3.45%.

For the full year 2025, OceanFirst generated net income of $67.1 million, or $1.17 per diluted share, compared with $96.0 million, or $1.65 per share, in 2024. Total revenue for the year increased 7.2% to $411.3 million, supported by a 12% rise in average loan balances to $4.1 billion. Provision for credit losses increased 25% year-over-year to $22.5 million as the bank continued to expand its commercial real estate and small business portfolios.

At quarter end, the tangible common equity ratio stood at 8.6%, above the regulatory well-capitalized threshold, and the CET1 ratio was 10.2%. The debt-to-equity ratio was 1.19, indicating moderate leverage, while the current ratio remained low at 0.15, reflecting asset composition skewed toward longer-duration loans. Valuation multiples include a price-to-earnings ratio of 13.7 and a price-to-sales ratio of 1.6, suggesting the shares trade at a modest premium relative to regional banking peers.