Last10K.com

Oceanfirst Financial Corp (OCFC) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2012

SEC Filings

Oceanfirst Financial Corp

CIK: 1004702 Ticker: OCFC

EXHIBIT 99.1

 

LOGO

Company Contact:

Michael J. Fitzpatrick

Chief Financial Officer

OceanFirst Financial Corp.

Tel: (732) 240-4500, ext. 7506

Fax: (732) 349-5070

Email: Mfitzpatrick@oceanfirst.com

FOR IMMEDIATE RELEASE

OCEANFIRST FINANCIAL CORP.

ANNOUNCES QUARTERLY AND ANNUAL

FINANCIAL RESULTS

TOMS RIVER, NEW JERSEY, January 23, 2013…OceanFirst Financial Corp. (NASDAQ:“OCFC”),

the holding company for OceanFirst Bank (the “Bank”), today announced that diluted earnings per share amounted to $1.12 for the year ended December 31, 2012, as compared to $1.14 for the prior year. For the quarter ended December 31, 2012, diluted earnings per share amounted to $0.23, as compared to $0.30 for the corresponding prior year period. Diluted earnings per share for the quarter and the year ended December 31, 2012 were adversely impacted by an additional provision for loan losses of $1.8 million relating to the impact of superstorm Sandy. Additionally, diluted earnings per share for the year ended December 31, 2012 was adversely impacted by $687,000 in net severance expense as previously reported in the third quarter of 2012. These items adversely impacted diluted earnings per share by $.06 and $.09, respectively, for the quarter and the year ended December 31, 2012.


The following information was filed by Oceanfirst Financial Corp (OCFC) on Thursday, January 24, 2013 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.

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

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Oceanfirst Financial Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2013 10-K Annual Report includes:

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

Continue

SEC Filing Tools

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Stockholders' Equity
Consolidated Statements Of Changes In Stockholders' Equity (parenthetical)
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Comprehensive Income (parenthetical)
Consolidated Statements Of Financial Condition
Consolidated Statements Of Financial Condition (parenthetical)
Consolidated Statements Of Income
Borrowed Funds
Borrowed Funds (contractual Maturities Of Fhlb Advances And Reverse Repurchase Agreements) (detail)
Borrowed Funds (interest Expense On Borrowings) (detail)
Borrowed Funds (narrative) (detail)
Borrowed Funds (summary Of Borrowed Funds) (detail)
Borrowed Funds (summary Of Federal Home Loan Bank Advances And Securities Sold Under Agreements To Repurchase) (detail)
Borrowed Funds (tables)
Commitments, Contingencies And Concentrations Of Credit Risk
Commitments, Contingencies And Concentrations Of Credit Risk (narrative) (detail)
Commitments, Contingencies And Concentrations Of Credit Risk (summary Of Commitments And Contingent Liabilities) (detail)
Commitments, Contingencies And Concentrations Of Credit Risk (summary Of Projected Minimum Rental Commitments) (detail)
Commitments, Contingencies And Concentrations Of Credit Risk (summary Of Reserve For Repurchased Loans) (detail)
Commitments, Contingencies And Concentrations Of Credit Risk (tables)
Deposits
Deposits (narrative) (detail)
Deposits (summary Of Interest Expense On Deposits) (detail)
Deposits (summary Of Time Deposits) (detail)
Deposits (tables)
Deposits - (summary Of Deposits Including Accrued Interest Payable) (detail)
Employee Stock Ownership Plan
Employee Stock Ownership Plan (narrative) (detail)
Fair Value Measurements
Fair Value Measurements (book Value And Estimated Fair Value Of Bank's Significant Financial Instruments Not Recorded At Fair Value) (detail)
Fair Value Measurements (financial Assets And Financial Liabilities Measured At Fair Value) (detail)
Fair Value Measurements (narrative) (detail)
Fair Value Measurements (tables)
Incentive Plan
Incentive Plan (narrative) (detail)
Incentive Plan (summary Of Granted But Unvested Stock Award Activity) (detail)
Incentive Plan (summary Of Option Activity) (detail)
Incentive Plan (summary Of Stock Options Outstanding) (detail)
Incentive Plan (tables)
Income Taxes
Income Taxes (components Of Income Tax Expense Benefit) (detail)
Income Taxes (narrative) (detail)
Income Taxes (schedule Of Income Tax Reconciliation) (detail)
Income Taxes (schedule Of Significant Portions Of Deferred Tax Assets And Liabilities) (detail)
Income Taxes (tables)
Interest And Dividends Receivable
Interest And Dividends Receivable (summary Of Interest And Dividends Receivable) (detail)
Interest And Dividends Receivable (tables)
Investment Securities Available For Sale
Investment Securities Available For Sale (amortized Cost And Estimated Market Value Of Investment Securities Available For Sale) (detail)
Investment Securities Available For Sale (amortized Cost Estimated Market Value And Credit Rating Of Corporate Debt Securities) (detail)
Investment Securities Available For Sale (contractual Maturity Of Investment Securities Available For Sale) (detail)
Investment Securities Available For Sale (estimated Market Value And Unrealized Loss For Investment Securities Available For Sale) (detail)
Investment Securities Available For Sale (narrative) (detail)
Investment Securities Available For Sale (tables)
Loans Receivable, Net
Loans Receivable, Net (aging Of Recorded Investment In Past Due Loans) (detail)
Loans Receivable, Net (allowance For Loan Losses And Recorded Investment In Loans By Portfolio Segment And Based On Impairment Method) (detail)
Loans Receivable, Net (analysis Of Allowance For Loan Losses) (detail)
Loans Receivable, Net (loans Individually Evaluated For Impairment By Class Of Loans) (detail)
Loans Receivable, Net (narrative) (detail)
Loans Receivable, Net (recorded Investment In Non-accrual Loans By Class Of Loans) (detail)
Loans Receivable, Net (recorded Investment In Residential And Consumer Loans Based On Payment Activity) (detail)
Loans Receivable, Net (risk Category Of Loans By Class Of Loans) (detail)
Loans Receivable, Net (summary Of Impaired Loans) (detail)
Loans Receivable, Net (summary Of Loans Receivable Net) (detail)
Loans Receivable, Net (tables)
Loans Receivable, Net (troubled Debt Restructurings) (detail)
Mortgage-backed Securities Available For Sale
Mortgage-backed Securities Available For Sale (amortized Cost And Estimated Market Value Of Mortgage-backed Securities Available For Sale) (detail)
Mortgage-backed Securities Available For Sale (estimated Market Value And Unrealized Loss For Mortgage-backed Securities Available For Sale) (detail)
Mortgage-backed Securities Available For Sale (narrative) (detail)
Mortgage-backed Securities Available For Sale (tables)
Parent-only Financial Information
Parent-only Financial Information (condensed Statements Of Cash Flows) (detail)
Parent-only Financial Information (condensed Statements Of Financial Condition) (detail)
Parent-only Financial Information (condensed Statements Of Operations) (detail)
Parent-only Financial Information (tables)
Premises And Equipment, Net
Premises And Equipment, Net (summary Of Premises And Equipment) (detail)
Premises And Equipment, Net (tables)
Regulatory Matters
Regulatory Matters (narrative) (detail)
Regulatory Matters (summary Of Bank's Actual Capital Amounts And Ratios) (detail)
Regulatory Matters (tables)
Selected Consolidated Quarterly Financial Data
Selected Consolidated Quarterly Financial Data (summary Of Consolidated Quarterly Financial Data) (detail)
Selected Consolidated Quarterly Financial Data (tables)
Servicing Asset
Servicing Asset (analysis Of Servicing Asset) (detail)
Servicing Asset (narrative) (detail)
Servicing Asset (tables)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (narrative) (detail)
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (reconciliation Of Shares Outstanding For Basic And Diluted Earnings Per Share) (detail)
Summary Of Significant Accounting Policies (summary Of Fair Value Of Stock Options Granted) (detail)
Summary Of Significant Accounting Policies (tables)

Material Contracts, Statements, Certifications & more

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

Ticker: OCFC
CIK: 1004702
Form Type: 10-K Annual Report
Accession Number: 0001193125-13-109142
Submitted to the SEC: Fri Mar 15 2013 10:48:11 AM EST
Accepted by the SEC: Fri Mar 15 2013
Period: Monday, December 31, 2012
Industry: Savings Institution Federally Chartered

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/ocfc/0001193125-13-109142.htm