OceanFirst Financial Q3 2026 Net Income Falls to $16.5 Million Year-Over-Year

OceanFirst Financial earned $16.5 million in Q3 2026, down from $17.3 million a year ago and rebounding from a $3 million loss last quarter.

OceanFirst Financial Corp., the New Jersey-based holding company for OceanFirst Bank N.A., reported third-quarter net income of $16.5 million for the three months ending September 30, 2026 — a decline from $17.3 million in the same period a year earlier and a recovery from a net loss of $3.0 million in the immediately preceding quarter. On a per-share basis, the company earned $0.17 per diluted share in Q3 2026, compared to $0.30 per diluted share in Q3 2025 — a drop of nearly 43% year-over-year. The prior quarter had produced a loss of $0.04 per diluted share, making the latest result a sequential improvement. For the nine months ended September 30, 2026, OceanFirst reported cumulative net income of $33.9 million, or $0.45 per diluted share. That compares to $54.0 million, or $0.94 per diluted share, for the same nine-month stretch in 2025 — a year-to-date decline of roughly 37% in net income and more than half in earnings per share. OceanFirst Financial Corp. trades on the NASDAQ under the ticker OCFC and is headquartered in Red Bank, New Jersey. The results were announced on October 27, 2026.

Why it matters

The results show a sustained year-over-year earnings compression at OceanFirst across both the quarter and the first nine months of 2026, which may signal ongoing margin or credit pressures at the regional bank. Shareholders and analysts tracking mid-sized U.S. bank performance will watch whether the sequential recovery from Q2's net loss continues into Q4.

What's next

The company indicated additional detail is available in its 'Selected Quarterly Financial Data,' which may offer insight into the drivers behind the year-over-year earnings decline.

Key facts

• Q3 2026 net income: $16.5 million ($0.17 per diluted share), down from $17.3 million ($0.30 per diluted share) in Q3 2025
• Q2 2026 (linked quarter) produced a net loss of $3.0 million, or $0.04 per diluted share
• Nine-month net income through September 30, 2026: $33.9 million, versus $54.0 million in the same period of 2025
• Year-to-date earnings per diluted share fell from $0.94 to $0.45, a decline of more than 52%
• OceanFirst Financial Corp. trades on NASDAQ as OCFC and is headquartered in Red Bank, New Jersey
• Results were reported on October 27, 2026

Bias & framing notes

Both sources carry identical wire copy from Globe Newswire, which is the company's own press release distribution. There is no independent journalistic reporting or third-party verification — all figures originate from OceanFirst's self-reported earnings release. The two sources are not independently corroborating; they are republications of the same document.

NewsClear — neutral news & congressional tracking · Bill of the Week