OceanFirst Bank
OceanFirst Bank reported total assets of $23.2 bn at Q2 2026, up 75.1% on a year earlier, the 93rd largest of 497 banks in our US coverage. The CET1 capital ratio at OceanFirst Bank was 12.96%, and the uninsured share of OceanFirst Bank was 51.83%. Source: FDIC Call Reports.
Key takeaways
- On common equity tier 1 (CET1) ratio, OceanFirst Bank climbed from 385th to 238th among 448 US banks between and (1 = highest; FDIC Call Reports).
- Since , OceanFirst Bank has taken over 7 institutions; the latest was Flushing Bank on (FDIC Call Reports).
- OceanFirst Bank reports one of the lowest return on equity (ROE) readings among banks of $10 bn to $100 bn: 2.90% at , where the median of the 126 banks is 10.71% (FDIC Call Reports).
What sets OceanFirst Bank apart
- The return on assets (ROA) of OceanFirst Bank, 0.35% at , places OceanFirst Bank in the bottom tenth of banks of $10 bn to $100 bn (group median 1.25%).
- Few banks of $10 bn to $100 bn report a higher efficiency ratio than OceanFirst Bank, at 79.07% in against a group median of 55.14%.
- Over the year to , the total deposits of OceanFirst Bank rose by 73.5% to $18.0 bn, a bigger rise than at 99% of covered banks.
How large is OceanFirst Bank?
The balance sheet of OceanFirst Bank at : assets $23.2 bn, deposits $18.0 bn, net loans $16.1 bn (loans equal to 89.58% of deposits). Securities make up 21.2% of total assets at OceanFirst Bank. Since , when OceanFirst Bank held $2.6 bn, its assets grew 794.5%. In the year to , deposits at OceanFirst Bank rose 73.5% while its total assets rose 75.1%. At , OceanFirst Bank employed 1,489 full-time equivalent staff across 72 offices, about $15.6 mn of assets per employee and $249.4 mn of deposits per office.
How much funding at OceanFirst Bank is uninsured?
At OceanFirst Bank, uninsured deposits (above the FDIC limit) made up 51.83% of domestic deposits at (-7.22 pp on a year earlier); OceanFirst Bank ranks 69th of 500 on this measure. In dollars, OceanFirst Bank estimated $9.3 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $18.0 bn | +73.5% | 97th of 499 |
| Net loans and leases | $16.1 bn | +58.7% | 89th of 500 |
| Loan-to-deposit ratio | 89.58% | -8.33 pp | 197th of 500 |
| Tier 1 leverage ratio | 12.62% | +3.52 pp | 73rd of 500 |
| Total risk-based capital ratio | 13.91% | +1.53 pp | 262nd of 448 |
| Net interest margin | 2.84% | -0.14 pp | 434th of 500 |
| Return on assets (ROA) | 0.35% | -0.31 pp | 484th of 500 |
| Efficiency ratio | 79.07% | +13.47 pp | 472nd of 500 (1 = lowest) |
| Unrealized gain/loss on held-to-maturity securities | Loss of $59.4 mn | Narrowed by $14.3 mn | |
| Unrealized gain/loss on available-for-sale securities | Loss of $4.5 mn | Narrowed by $9.7 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 of OceanFirst Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
OceanFirst Bank: assets, deposits and loans
- Total assets $23.2bn
- Deposits $18.0bn
- Net loans $16.1bn
Capital and securities
The CET1 ratio of OceanFirst Bank stood at 12.96% in , +1.40 pp year on year. Low and high at OceanFirst Bank since : 10.98% () to 13.54% (). Equity capital of OceanFirst Bank at : $2.7 bn, or 11.7% of total assets. OceanFirst Bank also reported a total capital ratio of 13.91% for , and a tier 1 leverage ratio of 12.62%.
On held-to-maturity securities, OceanFirst Bank carried an unrealized loss of $59.4 mn at , equal to 2.2% of equity capital. The loss narrowed by $14.3 mn over the year. Its deepest point: $142.9 mn in . The available-for-sale portfolio of OceanFirst Bank showed an unrealized loss of $4.5 mn at ; the loss narrowed by $9.7 mn over the year.
OceanFirst Bank: capital ratios
- Total capital 14%
- CET1 13%
- Tier 1 leverage 13%
OceanFirst Bank: unrealized securities gains and losses
- Available for sale -$4mn
- Held to maturity -$59mn
Profitability and loan quality
For the year to , OceanFirst Bank earned a return on equity of 2.90%; return on assets: 0.35%. Net interest margin at OceanFirst Bank: 2.84%, -0.14 pp in a year. OceanFirst Bank net income: $30.0 mn, down 31.2% year on year. The efficiency ratio of OceanFirst Bank was 79.07%: about 79 cents cost per revenue dollar, against 55 cents at the median peer.
At , noncurrent loans were 0.66% of total loans at OceanFirst Bank; net charge-offs: 0.03% of average loans. Gross loans and leases at OceanFirst Bank: $16.3 bn, up 59.5% in a year.
OceanFirst Bank: profitability
- Return on equity 2.9%
- Net interest margin 2.8%
- Return on assets 0.3%
Peer group of OceanFirst Bank
The peer group of OceanFirst Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 0 share the charter type of OceanFirst Bank (national bank), 6 sit in the same size group ($10 bn to $100 bn) and 0 have head offices in New Jersey. Against them, OceanFirst Bank shows CET1 ratio 12.96% against a peer median of 13.50%, return on equity 2.90% against a peer median of 12.54% and uninsured deposit share 51.83% against a peer median of 46.67%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| TriState Capital Bank | State member bank | PA | $24.3 bn | 18.45% | 10.62% | 38.32% | |
| Bank of Hawaii | State member bank | HI | $23.8 bn | 13.92% | 13.92% | 47.22% | |
| First Hawaiian Bank | State nonmember bank | HI | $23.6 bn | 13.23% | 10.74% | 54.71% | |
| OceanFirst Bank | National bank | NJ | $23.2 bn | 12.96% | 2.90% | 51.83% | |
| TowneBank | State nonmember bank | VA | $22.6 bn | 12.16% | 16.91% | 47.97% | |
| Wilmington Savings Fund Society, FSB | Federal savings bank | DE | $22.6 bn | 13.77% | 13.22% | 46.12% | |
| First Financial Bank | State member bank | OH | $22.4 bn | 12.77% | 11.86% | 41.88% | |
. FDIC Call Reports.
Last eight quarters
Two years at OceanFirst Bank, to : assets +73.1%, deposits +76.4%, equity +60.3%. Staff 943 to 1,489; offices 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 |
| 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 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of OceanFirst Bank, oldest first; 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 at OceanFirst Bank
- Total assets at OceanFirst Bank 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 at OceanFirst Bank 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 at OceanFirst Bank 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 at OceanFirst Bank changed by +60.1% in the quarter to 2026-06-30: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Flushing Bank.
Questions and identifiers
What were the total assets of OceanFirst Bank?
OceanFirst Bank reported $23.2 bn at in its Call Report. That makes OceanFirst Bank the 93rd largest of 497 banks in our US coverage.
Is OceanFirst Bank the same as its holding company?
No. This page covers OceanFirst Bank, FDIC certificate 28359; OCEANFIRST FINANCIAL CORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is OceanFirst Bank profitable?
OceanFirst Bank reported net income of $30.0 mn for the year to ; annualized return on equity: 2.90%. So yes: OceanFirst Bank made a profit over these months.
When is data for OceanFirst Bank next updated?
Figures from OceanFirst Bank for are due after .
Where can I check the figures for OceanFirst Bank?
In the FDIC BankFind Suite record for certificate 28359, and in the Call Reports of OceanFirst Bank (RSSD ID 85472) at the FFIEC Central Data Repository.