Last10K.com

Oceanfirst Financial Corp (OCFC) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2013

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

AND EFFECT OF STRATEGIC INITIATIVES

TOMS RIVER, NEW JERSEY, January 23, 2014…OceanFirst Financial Corp. (NASDAQ:“OCFC”),

(the “Company”), the holding company for OceanFirst Bank (the “Bank”), today announced that, as a result of the planned series of strategic initiatives disclosed in the third quarter earnings release, diluted earnings per share amounted to $0.11 for the quarter ended December 31, 2013, as compared to $0.23 for the corresponding prior year period. For the year ended December 31, 2013, diluted earnings per share amounted to $0.95, as compared to $1.12 for the prior year.

Diluted earnings per share for the quarter and the year ended December 31, 2013 were adversely impacted by $0.19 per diluted share due to the previously announced strategic initiatives relating to the prepayment of $159.0 million of Federal Home Loan Bank (“FHLB”) advances, at a cost of $4.3 million, and the consolidation of two branches into newer, in-market facilities, at a cost of $579,000.

 

1


The following information was filed by Oceanfirst Financial Corp (OCFC) on Friday, January 24, 2014 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 2014 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 (tables)
Borrowed Funds - Additional Information (detail)
Borrowed Funds - Contractual Maturities Of Fhlb Advances And Reverse Repurchase Agreements (detail)
Borrowed Funds - Interest Expense On Borrowings (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)
Commitments, Contingencies And Concentrations Of Credit Risk
Commitments, Contingencies And Concentrations Of Credit Risk (tables)
Commitments, Contingencies And Concentrations Of Credit Risk - Additional Information (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)
Deposits
Deposits (tables)
Deposits - Additional Information (detail)
Deposits - Summary Of Deposits Including Accrued Interest Payable (detail)
Deposits - Summary Of Interest Expense On Deposits (detail)
Deposits - Summary Of Time Deposits (detail)
Earnings Per Share
Earnings Per Share (tables)
Earnings Per Share - Additional Information (detail)
Earnings Per Share - Reconciliation Of Shares Outstanding For Basic And Diluted Earnings Per Share (detail)
Employee Stock Ownership Plan
Employee Stock Ownership Plan - Additional Information (detail)
Fair Value Measurements
Fair Value Measurements (tables)
Fair Value Measurements - Additional Information (detail)
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)
Incentive Plan
Incentive Plan (tables)
Incentive Plan - Additional Information (detail)
Incentive Plan - Summary Of Fair Value Of Stock Options Granted (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)
Income Taxes
Income Taxes (tables)
Income Taxes - Additional Information (detail)
Income Taxes - Components Of Income Tax Expense Benefit (detail)
Income Taxes - Schedule Of Income Tax Reconciliation (detail)
Income Taxes - Schedule Of Significant Portions Of Deferred Tax Assets And Liabilities (detail)
Interest And Dividends Receivable
Interest And Dividends Receivable (tables)
Interest And Dividends Receivable - Summary Of Interest And Dividends Receivable (detail)
Loans Receivable, Net
Loans Receivable, Net (tables)
Loans Receivable, Net - Additional Information (detail)
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 - 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 Individually Evaluated For Impairment By Class Of Loans (detail)
Loans Receivable, Net - Summary Of Loans Receivable (detail)
Loans Receivable, Net - Troubled Debt Restructurings (detail)
Parent-only Financial Information
Parent-only Financial Information (tables)
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)
Premises And Equipment, Net
Premises And Equipment, Net (tables)
Premises And Equipment, Net - Summary Of Premises And Equipment (detail)
Regulatory Matters
Regulatory Matters (tables)
Regulatory Matters - Additional Information (detail)
Regulatory Matters - Summary Of Bank's Actual Capital Amounts And Ratios (detail)
Reserve For Repurchased Loans And Loss Sharing Obligations
Reserve For Repurchased Loans And Loss Sharing Obligations (tables)
Reserve For Repurchased Loans And Loss Sharing Obligations - Additional Information (detail)
Reserve For Repurchased Loans And Loss Sharing Obligations - Summary Of Reserve For Repurchased Loans And Loss Sharing Obligations (detail)
Securities
Securities (tables)
Securities - Additional Information (detail)
Securities - Amortized Cost And Estimated Fair Value Of Investment Securities Available-for-sale (detail)
Securities - Amortized Cost, Estimated Fair Value And Credit Rating Of Corporate Debt Securities (detail)
Securities - Carrying Value Of Held-to-maturity Investment Securities (detail)
Securities - Contractual Maturity Of Investment Securities (detail)
Securities - Estimated Fair Value And Unrealized Loss For Securities Available-for-sale And Held-to-maturity (detail)
Selected Consolidated Quarterly Financial Data
Selected Consolidated Quarterly Financial Data (tables)
Selected Consolidated Quarterly Financial Data - Summary Of Consolidated Quarterly Financial Data (detail)
Servicing Asset
Servicing Asset (tables)
Servicing Asset - Additional Information (detail)
Servicing Asset - Analysis Of Servicing Asset (detail)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies - Additional Information (detail)

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: 0001193125-14-099956
Submitted to the SEC: Fri Mar 14 2014 3:49:08 PM EST
Accepted by the SEC: Fri Mar 14 2014
Period: Tuesday, December 31, 2013
Industry: Savings Institution Federally Chartered

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/ocfc/0001193125-14-099956.htm