OceanFirst Q1 FY26 net income holds at $20.5 million; net interest margin widens to 2.93%

• OceanFirst Financial posted Q1 net income available to common shareholders of $20.5 million, or $0.36 per diluted share.
• Net interest income rose to $96.4 million as net interest margin widened 6 basis points to 2.93%.
• Provision for credit losses eased to $2.7 million while non-interest expense dropped 13% to $73.4 million.
• Total loans climbed $91.9 million to $11.12 billion, including $105.1 million of commercial and industrial growth.
• CEO Christopher D. Maher said results were driven by loan growth, margin expansion and expense discipline, while the Flushing Financial merger remains on track to close in Q2 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. OceanFirst Financial Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202604231620PRIMZONEFULLFEED9696099) on April 23, 2026, and is solely responsible for the information contained therein.