Oceanfirst Financial Corp (OCFC) 10-K Annual Report February 2018

TOMS RIVER, NEW JERSEY, JANUARY 25, 2018…OceanFirst Financial Corp. (NASDAQ:”OCFC”), (the “Company”), the holding company for OceanFirst Bank (the “Bank”), today announced that diluted earnings per share were $0.30 for the quarter ended December 31, 2017, as compared to $0.22 for the corresponding prior year quarter. For the year ended December 31, 2017, diluted earnings per share were $1.28, as compared to $0.98 for the corresponding prior year period.

The results of operations for the quarter and year ended December 31, 2017 included merger related expenses, branch consolidation expenses, and additional income tax expense from the revaluation of deferred tax assets as a result of the reduction in the corporate income tax rate related to the recently enacted Tax Cuts and Jobs Act (“Tax Reform”), and for the year ended December 31, 2017, also included the acceleration of stock award expense due to the retirement of a director. These items decreased net income, net of tax benefit, for the quarter and year ended December 31, 2017 by $4.9 million and $13.7 million, respectively. Excluding these items, core earnings for the quarter and year ended December 31, 2017 were $14.9 million, or $0.45 per diluted share, and $56.2 million, or $1.70 per diluted share, respectively. (Please refer to the Non-GAAP Reconciliation table at the end of this document for details on the earnings impact of merger related expenses, branch consolidation expenses, additional income tax

The following information was filed by Oceanfirst Financial Corp (OCFC) on Friday, January 26, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

Please wait while we load the requested 10-K report or click the link below:

https://last10k.com/sec-filings/report/1004702/000100470218000078/ocfc-12312017x10k.htm

View differences made from one year to another to evaluate Oceanfirst Financial Corp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ) — *Sample 10-K Year-over-Year (YoY) Comparison*

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were ~~removed~~ , added and changed by Oceanfirst Financial Corp.

Continue

Assess how Oceanfirst Financial Corp's management team is paid from their Annual Proxy

Oceanfirst Financial Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

Voting Procedures
Board Members
Executive Team
Salaries, Bonuses, Perks
Peers / Competitors

Continue

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Oceanfirst Financial Corp provided additional information to their SEC Filing as exhibits

Exhibit 23.0: Consents Of Experts And Counsel

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Ticker: OCFC
CIK: 1004702
Form Type: 10-K Annual Report
Accession Number: 0001004702-18-000078
Submitted to the SEC: Wed Feb 28 2018 5:05:47 PM EST
Accepted by the SEC: Wed Feb 28 2018
Period: Sunday, December 31, 2017
Industry: Savings Institution Federally Chartered

External Resources:
Stock Quote
Social Media
SEC.gov

Bookmark the Permalink:
https://last10k.com/sec-filings/ocfc/0001004702-18-000078.htm

Oceanfirst Financial Corp (OCFC) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2017

SEC Filings

OCFC Valuations

OCFC Annual Reports

OCFC Quarterly Reports

OCFC Corporate News

OCFC Merger Prospectus