OceanFirst Bank
OceanFirst Bank reported total assets of $23.2 bn at Q2 2026, up 75.1% from a year earlier. That ranks 93rd among 497 banks reporting this metric (1 = highest). Its common equity tier 1 ratio was 12.96%, and an estimated 51.83% of domestic deposits were uninsured. Source: FDIC Call Report data, cross-checked against FFIEC filings.
- Total assets: up 60.1% on Q1 2026, to $23.2 bn
- Total deposits: up 59.6% on Q1 2026, to $18.0 bn
- Bank equity capital: up 53.9% on Q1 2026, to $2.7 bn
Ranks compare banks in our US coverage that report each metric. Sparklines: the last ten years. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Overview
What stands out about OceanFirst Bank?
Its largest one-quarter change in total assets since Q1 2016 was +60.1% between Q1 2026 and Q2 2026, when it absorbed Flushing Bank. Against its six size peers, its efficiency ratio stands out most: 79.07% at Q2 2026, above the peer median of 55.43%. By noncurrent loans to total loans it moved from 113th to 273rd among 500 banks between Q1 2026 and Q2 2026 (1 = lowest).
How large is OceanFirst Bank?
At Q2 2026 the bank held $23.2 bn of assets. Deposits were $18.0 bn and net loans and leases $16.1 bn, a loan-to-deposit ratio of 89.58%. Securities of $4.9 bn made up 21.2% of assets.
Total assets rose 794.5% between Q1 2016 and Q2 2026, from $2.6 bn.
How much of its funding is uninsured?
An estimated 51.83% of domestic deposits were above the FDIC insurance limit at Q2 2026, -8.80 pp from the previous quarter and -7.22 pp from a year earlier. That share ranks 69th among 500 banks reporting this metric (1 = highest).
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total assets | $23.2 bn | +75.1% | 93rd of 497 |
| Total deposits | $18.0 bn | +73.5% | 97th of 499 |
| Net loans and leases | $16.1 bn | +58.7% | 89th of 500 |
| Bank equity capital | $2.7 bn | +61.0% | 94th of 498 |
| Common equity tier 1 (CET1) ratio | 12.96% | +1.40 pp | 238th of 448 |
| Tier 1 leverage ratio | 12.62% | +3.52 pp | 73rd of 500 |
| Return on equity (ROE) | 2.90% | -2.24 pp | 485th of 500 |
| Net interest margin | 2.84% | -0.14 pp | 434th of 500 |
| Uninsured share of domestic deposits | 51.83% | -7.22 pp | 69th of 500 |
| Unrealized gain/loss on held-to-maturity securities | Loss of $59.4 mn | Narrowed by $14.3 mn | |
| Noncurrent loans to total loans | 0.66% | +0.34 pp | 273rd of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.03% | -0.02 pp | 166th of 500 (1 = lowest) |
US rank: rank among the banks in our coverage reporting each metric, 1 = highest unless marked 1 = lowest.
Balance sheet
Total assets, deposits and net loans, quarterly, Q1 2016 to Q2 2026. Dashed amber lines mark the mergers and acquisitions listed under Mergers and acquisitions.
- Total assets $23.2bn
- Deposits $18.0bn
- Net loans $16.1bn
Capital and securities
The common equity tier 1 (CET1) ratio was 12.96% at Q2 2026, +1.40 pp from a year earlier. Since Q1 2016 it has ranged from 10.98% (Q3 2022) to 13.54% (Q2 2019). At Q2 2026 the tier 1 leverage ratio was 12.62% and the total risk-based capital ratio 13.91%. The median CET1 ratio of the size peers listed below was 13.50% at Q2 2026.
Held-to-maturity securities had an unrealized loss of $59.4 mn at Q2 2026, measured as fair value minus amortized cost, equal to 2.2% of bank equity capital. The loss narrowed by $14.3 mn from a year earlier. The largest unrealized loss on these securities was $142.9 mn at Q3 2023. Available-for-sale securities showed an unrealized loss of $4.5 mn at Q2 2026; the loss narrowed by $9.7 mn from a year earlier.
Capital ratios
- Total capital 14%
- CET1 13%
- Tier 1 leverage 13%
Unrealized gains and losses on securities
- Available for sale -$4mn
- Held to maturity -$59mn
Profitability and loan quality
Return on equity was 2.90% for the year to Q2 2026, annualized, with a return on assets of 0.35% and a net interest margin of 2.84%. The margin was -0.14 pp from a year earlier. The efficiency ratio, noninterest expense as a share of revenue as the FDIC defines it, was 79.07%. Net income for the year to Q2 2026 was $30.0 mn, down 31.2% on the same period a year earlier. The median return on equity of its size peers was 12.54% for the same period.
Noncurrent loans, those 90 days or more past due or no longer accruing interest, were 0.66% of total loans at Q2 2026. Net charge-offs for the year to date were 0.03% of average loans, annualized.
Profitability
- Return on equity 2.9%
- Net interest margin 2.8%
- Return on assets 0.3%
Compared with banks of similar size
The six banks ranked closest to OceanFirst Bank by total assets at Q2 2026, three above and three below where possible.
Among the seven banks in the table at Q2 2026, OceanFirst Bank is 4th by total assets. Its CET1 ratio of 12.96% compares with a peer median of 13.50%, its tier 1 leverage ratio of 12.62% compares with a peer median of 9.61%, and its return on equity of 2.90% compares with a peer median of 12.54%.
| Bank | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|
| TriState Capital Bank | $24.3 bn | 18.45% | 10.62% | 38.32% | |
| Bank of Hawaii | $23.8 bn | 13.92% | 13.92% | 47.22% | |
| First Hawaiian Bank | $23.6 bn | 13.23% | 10.74% | 54.71% | |
| OceanFirst Bank | $23.2 bn | 12.96% | 2.90% | 51.83% | |
| TowneBank | $22.6 bn | 12.16% | 16.91% | 47.97% | |
| Wilmington Savings Fund Society, FSB | $22.6 bn | 13.77% | 13.22% | 46.12% | |
| First Financial Bank | $22.4 bn | 12.77% | 11.86% | 41.88% | |
Q2 2026. Peer median (the six banks, excluding this one): CET1 13.50%, return on equity 12.54%. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Last eight quarters
OceanFirst Bank, as reported in its Call Reports.
From Q3 2024 to Q2 2026, total assets rose 73.1% to $23.2 bn, deposits rose 76.4% to $18.0 bn and bank equity capital rose 60.3% to $2.7 bn. Over the same period its full-time equivalent staff went from 943 to 1,489 and its offices went from 40 to 72.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $13.4 bn | $13.3 bn | $13.2 bn | $13.2 bn | $14.2 bn | $14.5 bn | $14.5 bn | $23.2 bn |
| Total deposits | $10.2 bn | $10.2 bn | $10.3 bn | $10.4 bn | $10.6 bn | $11.0 bn | $11.2 bn | $18.0 bn |
| Bank equity capital | $1.7 bn | $1.7 bn | $1.7 bn | $1.7 bn | $1.7 bn | $1.7 bn | $1.8 bn | $2.7 bn |
| Common equity tier 1 (CET1) ratio | 12.02% | 11.83% | 11.92% | 11.56% | 11.27% | 11.54% | 11.73% | 12.96% |
| Return on equity (ROE) | 6.30% | 6.12% | 5.38% | 5.14% | 4.99% | 4.87% | 5.96% | 2.90% |
| Uninsured share of domestic deposits | 56.01% | 56.25% | 57.20% | 59.05% | 60.29% | 58.52% | 60.63% | 51.83% |
| Full-time equivalent employees | 943 | 959 | 965 | 1,042 | 1,019 | 928 | 905 | 1,489 |
| Number of offices | 40 | 40 | 40 | 41 | 41 | 42 | 42 | 72 |
Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Mergers and acquisitions
Figures before and after each event are not like for like.
- . Absorbed Cape Bank (FDIC certificate 28395).
- . Absorbed Ocean City Home Bank (FDIC certificate 30273).
- . Absorbed Sun National Bank (FDIC certificate 26240).
- . Absorbed Capital Bank of New Jersey (FDIC certificate 58464).
- . Absorbed Country Bank (FDIC certificate 27226).
- . Absorbed Two River Community Bank (FDIC certificate 35426).
- . Absorbed Flushing Bank (FDIC certificate 58564).
Large one-quarter moves
- Total assets changed by +56.4% in the quarter to 2016-06-30: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Cape Bank.
- Total assets changed by +38.4% in the quarter to 2018-03-31: Absorbtion - Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Sun National Bank.
- Total assets changed by +27.1% in the quarter to 2020-03-31: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Country Bank, Two River Community Bank.
- Total assets changed by +60.1% in the quarter to 2026-06-30: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Flushing Bank.
Source: FDIC BankFind API, institution history. Moves of more than 25% in one quarter are checked against that history in our review.
Identifiers and sources
- FDIC certificate
- 28359
- Federal Reserve RSSD ID
- 85472
- Head office
- Toms River, New Jersey
- Holding company
- OCEANFIRST FINANCIAL CORP (as reported to the FDIC)
- Holding company RSSD ID
- 2609975
- Holding company SEC CIK
- 1004702
- EconoMonitor ID
- EMB-US-000136
Frequently asked questions
What were OceanFirst Bank's total assets?
$23.2 bn at Q2 2026, according to its Call Report as published by the FDIC. By total assets it ranks 93rd among 497 banks reporting this metric (1 = highest).
Is OceanFirst Bank the same as its holding company?
No. This page covers the FDIC-insured bank (certificate 28359). Its holding company, OCEANFIRST FINANCIAL CORP (as reported to the FDIC), reports separately to the Federal Reserve and, if its shares are listed, to the SEC.
How often is this page updated?
Every quarter, after OceanFirst Bank files its Call Report and the FDIC publishes it. This page shows Q2 2026, loaded on 19 October 2026; any sentence that uses an earlier quarter names it.
Where can I check these numbers?
In the FDIC BankFind Suite record for certificate 28359, and in the Call Reports filed under RSSD ID 85472 at the FFIEC Central Data Repository.
Sources and definitions
Definitions, Call Report fields and formulas for each metric: Bank equity capital, Uses community bank leverage ratio framework, Common equity tier 1 (CET1) ratio, Deposits in domestic offices, Efficiency ratio, Full-time equivalent employees, Loan-to-deposit ratio, Total loans and leases (gross), Net loans and leases, Net charge-offs to average loans, Net income (year to date), Net interest margin, Noncurrent loans to total loans, Number of offices, Return on assets (ROA), Return on equity (ROE), Available-for-sale securities (amortized cost), Available-for-sale securities (fair value), Held-to-maturity securities (amortized cost), Held-to-maturity securities (fair value), Total securities, Tier 1 leverage ratio, Total assets, Total deposits, Total equity capital, Total risk-based capital ratio, Uninsured share of domestic deposits, Estimated uninsured deposits, Unrealized gain/loss on available-for-sale securities, Unrealized gain/loss on held-to-maturity securities.
Checks for this release: Check A (database against the FDIC download) passed, Check B (FDIC against FFIEC Call Report filings) passed.
Source: FDIC BankFind Suite (Call Report data). EconoMonitor is not affiliated with or endorsed by the FDIC. FDIC BankFind Suite API.
Source: FFIEC Central Data Repository (Call Reports). EconoMonitor is not affiliated with or endorsed by the FFIEC. FFIEC Central Data Repository, Public Data Distribution.
Data and analysis only, not financial advice. The FDIC and the FFIEC do not endorse EconoMonitor. See the disclaimer and methodology.