# EDGAR Filing Document

**Accession Number:** 0001004702
**File Stem:** 0001004702-26-000008
**Filing Date:** 2026-1
**Character Count:** 131169
**Document Hash:** b6463a4c7b1d3c8d73d5edf73d62330f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004702-26-000008.hdr.sgml**: 20260123

**ACCESSION NUMBER**: 0001004702-26-000008

**CONFORMED SUBMISSION TYPE**: 425

**PUBLIC DOCUMENT COUNT**: 24

**FILED AS OF DATE**: 20260123

**DATE AS OF CHANGE**: 20260123

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OCEANFIRST FINANCIAL CORP
- **CENTRAL INDEX KEY:** 0001004702
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 223412577
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 425
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-11713
- **FILM NUMBER:** 26554548

**BUSINESS ADDRESS:**
- **STREET 1:** 975 HOOPER AVE
- **CITY:** TOMS RIVER
- **STATE:** NJ
- **ZIP:** 08753-8396
- **BUSINESS PHONE:** 7322404500

**MAIL ADDRESS:**
- **STREET 1:** 975 HOOPER AVENUE
- **CITY:** TOMS RIVER
- **STATE:** NJ
- **ZIP:** 08723

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** OCEAN FINANCIAL CORP
- **DATE OF NAME CHANGE:** 19951208
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OCEANFIRST FINANCIAL CORP
- **CENTRAL INDEX KEY:** 0001004702
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 223412577
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 425

**BUSINESS ADDRESS:**
- **STREET 1:** 975 HOOPER AVE
- **CITY:** TOMS RIVER
- **STATE:** NJ
- **ZIP:** 08753-8396
- **BUSINESS PHONE:** 7322404500

**MAIL ADDRESS:**
- **STREET 1:** 975 HOOPER AVENUE
- **CITY:** TOMS RIVER
- **STATE:** NJ
- **ZIP:** 08723

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** OCEAN FINANCIAL CORP
- **DATE OF NAME CHANGE:** 19951208

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, DC 20549**

**FORM 8-K** 

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d)**

**of the Securities Exchange Act of 1934**

**Date of report (Date of earliest event reported): January 22, 2026**

**OCEANFIRST FINANCIAL CORP.** 

**(Exact name of registrant as specified in its charter)**

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| | | |
|:---|:---|:---|
| **Delaware** | **001-11713** | **22-3412577** |
| **(State or other jurisdiction of<br>incorporation or organization)** | **(Commission<br>File No.)** | **(IRS Employer<br>Identification No.)** |

---

**110 West Front Street, Red Bank New Jersey 07701** 

**(Address of principal executive offices, including zip code)**

**(732)240-4500** 

**(Registrant's telephone number, including area code)**

**Not Applicable**

**(Former name or former address, if changed since last report)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

⌧ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading symbol** | **Name of each exchange in which registered** |
| Common stock, $0.01 par value per share | OCFC | NASDAQ |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**ITEM 2.02RESULTS OF OPERATION AND FINANCIAL CONDITION**

On January 22, 2026, OceanFirst Financial Corp. (the "Company") issued a press release announcing its financial results for the quarter ended December 31, 2025. That press release is attached to this Report as Exhibit 99.1. The information included in this item and the related presentation is being furnished to the SEC and shall not be deemed "filed" for any purpose.

**ITEM 7.01REGULATION FD DISCLOSURE**

The Company is scheduled to make presentations to current and prospective investors after January 22, 2026. Attached as Exhibit 99.2 of this Form 8-K is a copy of the presentation which OceanFirst Financial Corp. will make available at these presentations and will post on its website at <u>www.oceanfirst.com</u>. The information included in this item and the related press release is being furnished to the SEC and shall not be deemed "filed" for any purpose.

**ITEM 8.01OTHER EVENTS**

In the press release described in Item 2.02, the Company announced that the Board of Directors declared a regular quarterly cash dividend on the Company's outstanding common stock. The cash dividend will be in the amount of $0.20 per share and will be payable on February 13, 2026 to the stockholders of record at the close of business on February 2, 2026.

**ITEM 9.01FINANCIAL STATEMENTS AND EXHIBITS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | | |
|:---|:---|:---|
| (d) | EXHIBITS | EXHIBITS |
| <u>[99.1](ex991-earningsreleasedecem.htm)</u> | Press Release dated | January 22, 2026 |
| <u>[99.2](ex992q42025-earningsrele.htm)</u> | Text of written presentation which OceanFirst Financial Corp. intends to provide to current and prospective investors after January 22, 2026. | Text of written presentation which OceanFirst Financial Corp. intends to provide to current and prospective investors after January 22, 2026. |

---

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
| | | OCEANFIRST FINANCIAL CORP. |
| Dated | January 22, 2026 | /s/ Patrick S. Barrett |
| | | Patrick S. Barrett |
| | | Senior Executive Vice President and Chief Financial Officer |

---

## Exhibit 99.1

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| | |
|:---|:---|
| ![oceanfirstpressreleasimage.jpg](oceanfirstpressreleasimage.jpg) | Press Release |

---

**Exhibit 99.1**

**Company Contact:**

**Patrick S. Barrett**

**Chief Financial Officer**

**OceanFirst Financial Corp.**

**Tel: (732) 240-4500, ext. 27507**

**Email: pbarrett@oceanfirst.com**

**<u>FOR IMMEDIATE RELEASE</u>**

**OCEANFIRST FINANCIAL CORP.**

**ANNOUNCES QUARTERLY AND ANNUAL** 

**FINANCIAL RESULTS**

&nbsp;&nbsp;&nbsp;&nbsp;**RED BANK, NEW JERSEY, January 22, 2026 - OceanFirst Financial Corp. (NASDAQ:"OCFC")** (the "Company"), the holding company for OceanFirst Bank N.A. (the "Bank"), announced net income available to common stockholders of $13.1 million, or $0.23 per diluted share, for the quarter ended December 31, 2025, a decrease from $20.9 million, or $0.36 per diluted share, for the corresponding prior year period, and $17.3 million, or $0.30 per diluted share, for the linked quarter. For the year ended December 31, 2025, the Company reported net income available to common stockholders of $67.1 million, or $1.17 per diluted share, a decrease from $96.0 million, or $1.65 per diluted share, for the prior year. Selected performance metrics are as follows (refer to "Selected Quarterly Financial Data" for additional information):

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **For the Three Months Ended,** | **For the Three Months Ended,** | **For the Three Months Ended,** | **For the Year Ended,** | **For the Year Ended,** |
| **Performance Ratios (Quarterly Ratios Annualized):** | **December 31,** | **September 30,** | **December 31,** | **December 31,** | **December 31,** |
| **Performance Ratios (Quarterly Ratios Annualized):** | **2025** | **2025** | **2024** | **2025** | **2024** |
| Return on average assets | 0.36% | 0.51% | 0.61% | 0.49% | 0.71% |
| Return on average stockholders' equity | 3.12 | 4.15 | 4.88 | 4.00 | 5.70 |
| Return on average tangible stockholders' equity <sup>(a)</sup> | 4.57 | 6.13 | 7.12 | 5.86 | 8.24 |
| Return on average tangible common equity <sup>(a)</sup> | 4.57 | 6.13 | 7.47 | 5.86 | 8.65 |
| Efficiency ratio | 80.37 | 74.13 | 67.86 | 73.16 | 63.99 |
| Net interest margin | 2.87 | 2.91 | 2.69 | 2.90 | 2.72 |

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(a) Return on average tangible stockholders' equity and return on average tangible common equity ("ROTCE") are non-GAAP ("generally accepted accounting principles") financial measures. Refer to "Explanation of Non-GAAP Financial Measures," "Selected Quarterly Financial Data" and "Other Items - Non-GAAP Reconciliation" tables for reconciliation and additional information regarding non-GAAP financial measures.

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Core earnings<sup>1</sup> for the quarter and year ended December 31, 2025 were $23.5 million and $81.9 million, respectively, or $0.41 and $1.43 per diluted share, an increase from $22.1 million and a decrease from $93.6 million, or $0.38 and $1.60 per diluted share, for the corresponding prior year periods, and an increase from $20.3 million, or $0.36 per diluted share, for the linked quarter.

Core earnings PTPP<sup>1</sup> for the quarter and year ended December 31, 2025 were $33.2 million and $122.6 million, respectively, or $0.58 and $2.13 per diluted share, an increase from $29.6 million and a decrease from $129.4 million, or $0.51 and $2.22 per diluted share, for the corresponding prior year periods, and an increase from $30.5 million, or $0.54 per diluted share, for the linked quarter. Selected performance metrics are as follows:

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **For the Three Months Ended,** | **For the Three Months Ended,** | **For the Three Months Ended,** | **For the Year Ended,** | **For the Year Ended,** |
| | **December 31,** | **September 30,** | **December 31,** | **December 31,** | **December 31,** |
| **Core Ratios**<sup>1</sup> **(Quarterly Ratios Annualized):** | **2025** | **2025** | **2024** | **2025** | **2024** |
| Return on average assets | 0.65% | 0.60% | 0.65% | 0.60% | 0.69% |
| Return on average tangible stockholders' equity | 8.21 | 7.19 | 7.51 | 7.14 | 8.03 |
| Return on average tangible common equity | 8.21 | 7.19 | 7.89 | 7.14 | 8.43 |
| Efficiency ratio | 68.19 | 70.30 | 67.74 | 69.15 | 64.57 |
| Core diluted earnings per share | $0.41 | $0.36 | $0.38 | $1.43 | $1.60 |
| Core PTPP diluted earnings per share | 0.58 | 0.54 | 0.51 | 2.13 | 2.22 |

---

&nbsp;&nbsp;&nbsp;&nbsp;

<sup>1</sup> Core earnings and core earnings before income taxes and provision for credit losses ("PTPP" or "Pre-Tax-Pre-Provision"), and ratios derived therefrom, are non-GAAP financial measures. For the periods presented, the opening provision for credit losses in connection with the acquisition of Spring Garden Capital Group, LLC ("Spring Garden"), net (gain) loss on equity investments, net gain on sale of trust business, restructuring charges, credit risk transfer execution expense, the Federal Deposit Insurance Corporation ("FDIC") special assessment (release) expense, merger related expenses, and the income tax effect of these items, as well as loss on redemption of preferred stock (collectively referred to as "non-core" operations). PTPP excludes the aforementioned pre-tax "non-core" items along with income tax expense (benefit) and provision for credit losses (exclusive of the Spring Garden opening provision). Refer to "Explanation of Non-GAAP Financial Measures," "Selected Quarterly Financial Data" and the "Other Items - Non-GAAP Reconciliation" tables for additional information regarding non-GAAP financial measures.

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Key developments for the recent quarter are described below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Net Interest Income and PTPP Growth:** Net interest income increased by $4.6 million, or 5%, to $95.3 million, representing a 20% annualized growth rate and driving an increase in pre-tax pre-provision income of $2.7 million, or 9%, to $33.2 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Loan Growth:** Total loans increased $474.0 million, representing an 18% annualized growth rate, primarily due to an increase in commercial loans. Loan originations were robust at $1.05 billion for the quarter, and the loan pipeline remained strong at $474.1 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Capital:** Capital remained strong with an estimated common equity tier one capital ratio of 10.7% as of December 31, 2025 and was favorably impacted by the Company's execution of a credit risk transfer on a $1.5 billion pool of residential loans. The credit protection significantly reduced the risk-weighted assets associated with these loans for regulatory capital purposes.

Chairman and Chief Executive Officer, Christopher D. Maher, commented on the Company's results, "We are pleased to present our current quarter results, which reflect strong capital and robust net loan growth, while maintaining a strong commercial loan pipeline. We recently announced entry into a merger agreement with Flushing Financial Corporation and an investment from Warburg Pincus, to further improve financial performance and operating scale." Mr. Maher added, "As we turn to 2026, the Company remains focused on continued profitability gains, driven by the strategic initiatives undertaken during 2025 and the anticipated closing of the merger transaction in the second quarter of 2026, which is subject to receipt of regulatory approvals, approval by OceanFirst and Flushing shareholders and the satisfaction of other customary closing conditions."

The Company's Board of Directors declared its 116<sup>th</sup> consecutive quarterly cash dividend on common stock. The quarterly cash dividend on common stock of $0.20 per share will be paid on February 13, 2026 to common stockholders of record on February 2, 2026.

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**<u>Results of Operations</u>**

The current quarter included an additional $7.4 million of restructuring charges for the outsourcing of residential loan originations and title business and $4.3 million of merger related expenses for the anticipated merger with Flushing Financial Corporation. Additionally, the current quarter results included $1.3 million of one-time costs recorded in professional fees for the execution of the credit risk transfer.

**<u>Net Interest Income and Margin</u>**

*Quarter ended December 31, 2025 vs. December 31, 2024*

Net interest income increased to $95.3 million, from $83.3 million primarily due to growth in average interest-earning assets. Net interest margin increased to 2.87%, from 2.69%, which included the impact of purchase accounting accretion and prepayment fees of 0.01% for the current period. Net interest margin increased primarily due to the decrease in cost of funds.

Average interest-earning assets increased by $825.9 million, due to an increase in loans and securities, partly offset by a decrease in interest-earning deposits and short-term advances. The average yield for interest-earning assets increased to 5.19%, from 5.15%.

The cost of average interest-bearing liabilities decreased to 2.83%, from 3.04%, primarily due to lower cost of deposits, partially offset by higher cost of total borrowings. The total cost of deposits decreased 19 basis points to 2.13%, from 2.32%. Average interest-bearing liabilities increased by $730.7 million, primarily due to an increase in total deposits.

*Year ended December 31, 2025 vs. December 31, 2024*

Net interest income increased to $360.2 million, from $334.0 million. Net interest margin increased to 2.90%, from 2.72%, which included the impact of purchase accounting accretion and prepayment fees of 0.02% for both periods.

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Average interest-earning assets increased by $149.1 million, primarily driven by an increase in commercial and residential loans, partly offset by a decrease in interest-earning deposits and short-term investments. The average yield decreased to 5.17%, from 5.23%.

The cost of average interest-bearing liabilities decreased to 2.81%, from 3.10%. The total cost of deposits decreased to 2.08%, from 2.36%. Average interest-bearing liabilities increased by $120.5 million, primarily due to an increase in total deposits.

*Quarter ended December 31, 2025 vs. September 30, 2025*

Net interest income increased by $4.6 million, to $95.3 million from $90.7 million, while net interest margin decreased to 2.87%, from 2.91%. Net interest income included the impact of purchase accounting accretion and prepayment fees of 0.01% and 0.02%, respectively.

Average interest-earning assets increased by $793.4 million, primarily due to increases in commercial loans and securities, while the yield on average interest-earning assets decreased to 5.19%, from 5.21% as a result of declining market rates combined with a mix shift to increased securities balances.

The cost of average interest-bearing liabilities decreased to 2.83%, from 2.85%, primarily due to the net impact of the issuance of $185 million subordinated debt in October 2025 and extinguishment of $125 million subordinated debt in November 2025. The total cost of deposits increased to 2.13%, from 2.06%, primarily due to the repricing of a large relationship from near zero rates at the beginning of the quarter, partly offset by the repricing of money market and time deposit accounts. Average interest-bearing liabilities increased $742.8 million, primarily due to an increase in deposits, partly offset by a decrease in Federal Home Loan Bank ("FHLB") advances.

**<u>Provision for Credit Losses</u>**

Provision for credit losses for the quarter and year ended December 31, 2025, was $3.7 million and $16.2 million, respectively, as compared to $3.5 million and $7.7 million for the corresponding prior year periods and $4.1 million in the linked quarter. The prior year included a $1.4 million initial

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provision for credit losses related to the acquisition of Spring Garden. The current quarter provision was primarily driven by overall improvements in asset quality and faster observed prepayment speeds, partly offset by net loan growth. The current quarter provision also includes a net reduction in reserves for unfunded loan balances of $608,000.

Net loan charge-offs were $2.0 million and $5.4 million for the quarter and year ended December 31, 2025, respectively, as compared to net loan recoveries of $158,000 and net loan charge-offs $1.6 million for the corresponding year periods and net loan charge-offs of $617,000 in the linked quarter. The current year included charge-offs of $2.5 million for four commercial relationships related to the Company's Spring Garden acquisition, and charge-offs of $1.5 million related to sales of non-performing residential and consumer loans. The prior year includes the impact of a $1.6 million charge-off related to a single commercial real estate relationship that was sold in the prior year.

**<u>Non-interest Income</u>**

*Quarter ended December 31, 2025 vs. December 31, 2024*

Other income decreased to $9.4 million, as compared to $12.2 million. Other income was favorably impacted by non-core operations related to net gain on equity investments of $230,000 in the current period.

Excluding non-core operations, other income decreased $3.1 million. The primary drivers were decreases in fees and service charges of $3.2 million, primarily due to disposition of the title business, and in income from bank owned life insurance of $411,000, due to higher death benefits recognized in the prior year, partly offset by an increase in commercial loan swap income of $1.0 million due to new swaps.

*Year ended December 31, 2025 vs. December 31, 2024*

Other income decreased to $44.7 million, as compared to $50.2 million. Other income was favorably impacted by non-core operations related to net gains on equity investments of $916,000 and

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$4.2 million, for the respective periods, and a $2.6 million gain on sale of a portion of the Company's trust business in the prior year.

Excluding non-core operations, other income increased $423,000. The primary drivers were increases in commercial loan swap income of $2.8 million due to new swaps, net gain on sale of loans of $1.3 million, and non-recurring other income of $1.9 million in the current year. These were partly offset by decreases in fees and service charges of $3.9 million related to lower title fees and a decrease of $855,000 related to a non-recurring gain on sale of assets in the prior year.

*Quarter ended December 31, 2025 vs. September 30, 2025*

Other income in the linked quarter was $12.3 million. Excluding non-core operations, other income decreased by $3.1 million. The primary drivers of the decline were decreases in fees and service charges of $2.2 million related to the disposition of the title business and commercial loan swap income of $584,000.

**<u>Non-interest Expense</u>**

*Quarter ended December 31, 2025 vs. December 31, 2024*

Operating expenses increased to $84.1 million, as compared to $64.8 million. Operating expenses in the current quarter were adversely impacted by non-core operations of $12.9 million, related to restructuring charges, merger related expenses and credit risk transfer execution expenses. Operating expenses in the prior year quarter were adversely impacted by non-core operations of $110,000 for merger related expenses.

Excluding non-core operations, operating expenses increased by $6.5 million. The primary drivers were increases in compensation and benefits of $4.4 million, primarily due to the addition of commercial banking teams during the year, professional fees of $959,000, and data processing expense of $738,000.

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*Year ended December 31, 2025 vs. December 31, 2024*

Operating expenses increased to $296.2 million, as compared to $245.9 million. Operating expenses in the current year were adversely impacted by non-core operations of $16.9 million related to restructuring charges, merger related expenses, and credit risk transfer execution expenses, partly offset by a reversal of FDIC special assessment fees. Operating expenses in the prior year were adversely impacted by non-core operations of $2.2 million from merger related expenses and an FDIC special assessment expense.

Excluding non-core operations, operating expenses increased by $35.7 million. The primary driver was an increase in compensation and benefits of $21.0 million related to acquisitions at the end of the prior year and the addition of commercial banking teams during the current year. Additional drivers were increases in professional fees of $4.3 million, partly related to Premier Banking recruitment fees, data processing expense of $3.4 million, other operating expenses of $3.3 million, primarily related to loan servicing expenses, occupancy expense of $2.1 million, partly due to additional space for commercial banking teams, and federal deposit insurance and regulatory assessments of $1.3 million.

*Quarter ended December 31, 2025 vs. September 30, 2025*

Operating expenses in the linked quarter were $76.3 million and included non-core operations of $3.9 million related to restructuring charges partly offset by a reversal of FDIC special assessment fees. Excluding non-core operations, operating expenses decreased by $1.2 million. The primary drivers were decreases in other operating expenses of $592,000, partially related to lower title costs due to the disposition of the title business, and in compensation and benefits expense of $403,000, partially related to a reduction in workforce due to the residential outsourcing initiative.

**<u>Income Tax Expense</u>**

&nbsp;&nbsp;&nbsp;&nbsp;The provision for income taxes was $3.8 million and $21.5 million for the quarter and year ended December 31, 2025, as compared to $5.1 million and $30.3 million for the same prior year

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periods and $5.2 million for the linked quarter. The effective tax rate was 22.3% and 23.2% for the quarter and year ended December 31, 2025, as compared to 18.7% and 23.2% for the same prior year periods and 22.9% for the linked quarter. The effective tax rate for the current quarter and year-ended December 31, 2025 was adversely impacted by non-deductible merger expenses. The prior year quarter was positively impacted by utilization of higher tax credits and the year ended December 31, 2024 was adversely impacted by the non-recurring write-off of a deferred tax asset of $1.2 million net of other state effects and credits.

**<u>Financial Condition</u>**

*December 31, 2025 vs. December 31, 2024*&nbsp;&nbsp;&nbsp;&nbsp;

Total assets increased by $1.14 billion to $14.56 billion, from $13.42 billion, primarily due to increases in loans and securities. Total loans increased by $913.9 million to $11.03 billion, from $10.12 billion, primarily due to an increase of $797.1 million in the total commercial portfolio. The loan pipeline increased by $167.4 million to $474.1 million, from $306.7 million, primarily due to an increase in the commercial loan pipeline of $267.1 million. Debt securities available-for-sale increased by $404.3 million to $1.23 billion, from $827.5 million, primarily due to new purchases. Debt securities held-to-maturity decreased by $164.3 million to $881.6 million, from $1.05 billion, primarily due to principal repayments. Other assets decreased by $36.4 million to $149.3 million, from $185.7 million, primarily due to a decrease in market values associated with customer interest rate swap programs.

&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities increased by $1.18 billion to $12.90 billion, from $11.72 billion primarily related to an increase in deposits and FHLB advances. Deposits increased by $898.1 million to $10.96 billion, from $10.07 billion, primarily due to increases in time deposits of $387.9 million and interest bearing deposits of $353.9 million. Time deposits increased by $387.9 million to $2.47 billion, from $2.08 billion, representing 22.5% and 20.7% of total deposits, respectively. Time deposits included an increase in brokered time deposits of $535.1 million, partly offset by a decrease in retail time deposits of $149.0 million. The loans-to-deposit ratio was 100.6%, as compared to 100.5%. FHLB advances

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increased by $324.6 million to $1.40 billion, from $1.07 billion as a result of lower-cost funding availability. Other borrowings increased by $57.7 million to $255.2 million, from $197.5 million primarily due to the issuance of $185.0 million in subordinated notes in October 2025 at an initial rate of 6.375% and stated maturity of November 15, 2035. The proceeds were primarily used to redeem the Company's subordinated notes due May 15, 2030, with principal amount of $125.0 million, in November 2025.

Other liabilities decreased by $89.1 million to $209.3 million, from $298.4 million, mostly due to a decrease in the market values of derivatives associated with customer interest rate swaps and related collateral received from counterparties.

Capital levels remain strong and in excess of "well-capitalized" regulatory levels at December 31, 2025, including the Company's estimated common equity tier one capital ratio of 10.7%. For the fourth quarter of 2025, the ratio was impacted by the credit risk transfer entered into in December 2025, which reduced risk-weighted assets and was partially offset by an increase in risk-weighted assets from net loan growth.

&nbsp;&nbsp;&nbsp;&nbsp;Total stockholders' equity decreased to $1.66 billion, as compared to $1.70 billion, primarily due to the redemption of preferred stock for $55.5 million and capital returns comprised of dividends and share repurchases, partially offset by net income. Additionally, accumulated other comprehensive loss decreased by $13.7 million primarily due to increases in the fair market value of available-for-sale debt securities, net of tax. Noncontrolling interest decreased by $1.1 million due to the disposition of the title business.

During the year ended December 31, 2025, the Company repurchased 1,433,537 shares totaling $24.9 million at a weighted average cost of $17.21, which includes repurchases of exercised options and awards from employees outside of the share repurchase program. On July 16, 2025, the Company announced its Board of Directors authorized a 2025 Stock Repurchase Program to repurchase up to an

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additional 3.0 million shares. As of December 31, 2025, the Company had 3,226,284 shares available for repurchase under the authorized repurchase programs.

The Company's tangible common equity<sup>2</sup> increased by $24.8 million to $1.14 billion. The Company's stockholders' equity to assets ratio was 11.42% at December 31, 2025, and tangible common equity to tangible assets ratio decreased by 53 basis points during the year to 8.09%, primarily due to the drivers described above.

Book value per common share decreased to $28.97, as compared to $29.08. Tangible book value per common share<sup>3</sup> increased to $19.79, as compared to $18.98.

**<u>Asset Quality</u>**

*December 31, 2025 vs. December 31, 2024*

The Company's non-performing loans decreased to $27.8 million, from $35.5 million, and represented 0.25% and 0.35% of total loans, respectively. The allowance for loan credit losses as a percentage of total non-performing loans was 301.27%, as compared to 207.19%. The level of 30 to 89 days delinquent loans increased to $47.8 million, from $36.6 million, primarily due to one commercial relationship of $20.8 million, which continued to be reported as a classified loan. Criticized and classified loans and other real estate owned decreased by $37.7 million to $122.1 million from $159.9 million. The Company's allowance for loan credit losses was 0.76% of total loans, as compared to 0.73%. Refer to "Provision for Credit Losses" section for further discussion.

The Company's asset quality, excluding purchased with credit deterioration ("PCD") loans, was as follows. Non-performing loans decreased to $22.4 million, from $27.6 million. The allowance for loan credit losses as a percentage of total non-performing loans was 374.46%, as compared to 266.73%. The level of 30 to 89 days delinquent loans, also excluding non-performing loans, increased to $44.7 million, from $33.6 million.

<sup>2</sup> Tangible book value per common share and tangible common equity to tangible assets are non-GAAP financial measures and exclude the impact of intangible assets, goodwill, and preferred equity from both stockholders' equity and total assets. Refer to "Explanation of Non-GAAP Financial Measures" and the "Other Items - Non-GAAP Reconciliation" tables for additional information regarding non-GAAP financial measures.

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**<u>Explanation of Non-GAAP Financial Measures</u>**

&nbsp;&nbsp;&nbsp;&nbsp;Reported amounts are presented in accordance with GAAP. The Company's management believes that the supplemental non-GAAP information, which consists of reported net income excluding non-core operations and in some instances excluding income taxes and provision for credit losses, and reporting equity and asset amounts excluding intangible assets, goodwill or preferred stock, all of which can vary from period to period, provides a better comparison of period-to-period operating performance. Additionally, the Company believes this information is utilized by regulators and market analysts to evaluate a company's financial condition and, therefore, such information is useful to investors. These disclosures should not be viewed as a substitute for financial results in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures, which may be presented by other companies. Refer to the Non-GAAP Reconciliation table at the end of this document for details on the earnings impact of these items.

**<u>Conference Call</u>**

&nbsp;&nbsp;&nbsp;&nbsp;As previously announced, the Company will host an earnings conference call on Friday, January 23, 2026 at 11:00 a.m. Eastern Time. The direct dial number for the call is 1-833-470-1428, toll free, using the access code 711318. For those unable to participate in the conference call, a replay will be available. To access the replay, dial 1-866-813-9403, access code 406472, from one hour after the end of the call until January 30, 2026. The conference call will also be available (listen-only) by internet webcast at <u>www.oceanfirst.com</u> - in the Investor Relations section.

\* \* \*

&nbsp;&nbsp;&nbsp;&nbsp;OceanFirst Financial Corp.'s subsidiary, OceanFirst Bank N.A., founded in 1902, is a $14.6 billion regional bank providing financial services throughout New Jersey and in the major metropolitan areas between Massachusetts and Virginia. OceanFirst Bank delivers commercial and residential financing, treasury management, trust and asset management, and deposit services and is one of the

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largest and oldest community-based financial institutions headquartered in New Jersey. To learn more about OceanFirst, go to <u>www.oceanfirst.com</u>.

<u>Forward-Looking Statements</u>

&nbsp;&nbsp;&nbsp;&nbsp;

In addition to historical information, this news release contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed transaction between OceanFirst Financial Corp. ("OceanFirst") and Flushing Financial Corporation ("Flushing") and the proposed investment by Warburg Pincus LLC ("Warburg Pincus") in equity securities of OceanFirst. Forward-looking statements may be identified by the use of the words such as " estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "strategy," "future," "opportunity," "may," "could," "target," "should," "will," "would," "will be," "will continue," "will likely result," or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. These forward-looking statements include, but are not limited to, statements regarding the proposed transaction between OceanFirst and Flushing and the proposed investment by Warburg Pincus, including statements as to the expected timing, completion and effects of the proposed transaction. These statements are based on various assumptions, whether or not identified in this document, and on the current expectations of OceanFirst's and Flushing's management and are not predictions of actual performance, and, as a result, are subject to risks and uncertainties. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict, may differ from assumptions and many are beyond the control of OceanFirst and Flushing. The forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995.

These forward-looking statements are subject to a number of risks and uncertainties, including, but not limited to: (i) the risk that the proposed transaction may not be completed in a timely manner or at all; (ii) the failure to satisfy the conditions to the consummation of the proposed transaction, including obtaining the requisite OceanFirst and Flushing stockholder approvals or the necessary regulatory approvals (and the risk that such regulatory approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the transaction); (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement between OceanFirst and Flushing; (iv) the inability to obtain alternative capital in the event it becomes necessary to complete the proposed transaction; (v) the effect of the announcement or pendency of the proposed transaction on OceanFirst's and Flushing's business relationships, operating results and business generally; (vi) risks that the proposed transaction disrupts current plans and operations of OceanFirst and Flushing; (vii) potential difficulties in retaining OceanFirst and Flushing customers and employees as a result of the proposed transaction; (viii) OceanFirst's and Flushing's estimates of its financial performance; (ix) changes in general economic, political, or industry conditions, including persistent inflation, supply chain issues or labor shortages, instability in global economic conditions and geopolitical matters, as well as volatility in financial markets; (x) uncertainty in U.S. fiscal and monetary policy, including the interest rate policies of the Federal Reserve; (xi) the credit risks of lending activities, which may be affected by deterioration in real estate markets and the financial condition of borrowers, and the operational risk of lending activities, including the effectiveness of OceanFirst's and Flushing's underwriting practices and the risk of fraud; (xii) fluctuations in the demand for loans; (xiii) the ability to develop and maintain a strong core deposit base or other low cost funding sources necessary to fund OceanFirst's and Flushing's activities particularly in a rising or high interest rate environment; (xiv) the rapid withdrawal of a significant amount of deposits over a short period of time; (xv) results of examinations by regulatory authorities of OceanFirst or Flushing and the possibility that any such regulatory authority may, among other things, limit OceanFirst's or Flushing's business activities, restrict OceanFirst's or Flushing's ability to invest in certain assets, refrain from issuing an approval or non-objection to certain capital or other actions, increase OceanFirst's or Flushing's allowance for credit losses, result in write-downs of asset values, restrict OceanFirst's or Flushing's ability or that of OceanFirst's or Flushing's bank subsidiary to pay dividends, or impose fines, penalties or sanctions; (xvi) the impact of bank failures or other adverse developments at other banks on general investor sentiment regarding the stability and liquidity of banks; (xvii) changes in the markets in which OceanFirst and Flushing compete, including with respect to the competitive landscape, technology evolution or regulatory changes; (xviii) changes in consumer spending, borrowing and saving habits; (xix) slowdowns in securities trading or shifting demand for security trading products; (xx) the impact of pandemics and other catastrophic events or disasters on the global economy and financial market conditions and our business, results of operations, and financial condition; (xxi) legislative or regulatory changes; (xxii) changes in U.S. trade policies, including the imposition of tariffs and retaliatory tariffs, (xxiii) impact of operating in a highly competitive industry; (xxiv) reliance on third party service providers; (xxv) competition in retaining key employees; (xxvi) risks related to data security and privacy, including the impact of any data security breaches, cyberattacks, employee or other internal misconduct, malware, phishing or ransomware, physical security breaches, natural disasters, or similar disruptions; (xxvii) changes to accounting principles and guidelines; (xxviii) potential litigation relating to the proposed transaction that could be instituted against OceanFirst, Flushing or their respective directors and officers, including the effects of any outcomes related thereto; (xxix) volatility in the trading price of OceanFirst's or Flushing's securities; (xxx) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities; (xxxi) the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected expenses, factors or events; (xxxii) the possibility that the anticipated benefits of the transaction are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the two companies or as a result of the strength of the economy and competitive factors in the areas where OceanFirst and Flushing do business; and (xxxiii) the dilution caused by OceanFirst's issuance of additional

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shares of its capital stock in connection with the transaction. The foregoing list of factors is not exhaustive. All forward-looking statements are expressly qualified in their entirety by the cautionary statements set forth above.

You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of OceanFirst's registration statement on Form S-4 that will contain a joint proxy statement/prospectus discussed below, when it becomes available, and other documents filed by OceanFirst or Flushing from time to time with the U.S. Securities and Exchange Commission (the "SEC"). These filings do and will identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. If any of these risks materialize or our assumptions prove incorrect, actual events and results could differ materially from those contained in the forward-looking statements. There may be additional risks that neither OceanFirst nor Flushing presently knows or that OceanFirst or Flushing currently believes are immaterial that could also cause actual events and results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect OceanFirst's and Flushing's expectations, plans or forecasts of future events and views as of the date of this document. OceanFirst and Flushing anticipate that subsequent events and developments will cause OceanFirst's and Flushing's assessments to change. While OceanFirst and Flushing may elect to update these forward-looking statements at some point in the future, OceanFirst and Flushing specifically disclaim any obligation to do so, unless required by applicable law. These forward-looking statements should not be relied upon as representing OceanFirst's and Flushing's assessments as of any date subsequent to the date of this document. Accordingly, undue reliance should not be placed upon the forward-looking statements. Forward-looking statements speak only as of the date they are made. Neither OceanFirst nor Flushing gives any assurance that either OceanFirst or Flushing, or the combined company, will achieve the results or other matters set forth in the forward-looking statements.

**Additional Information and Where to Find It**

This document is not a proxy statement or solicitation or a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of OceanFirst, Flushing Financial Corporation or the combined company, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be deemed to be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act, and otherwise in accordance with applicable law.

This document relates to the proposed transaction between OceanFirst and Flushing and the proposed investment in OceanFirst by Warburg Pincus. OceanFirst intends to file a registration statement on Form S-4 with the SEC, which will include a preliminary joint proxy statement/prospectus to be distributed to holders of OceanFirst's common stock and Flushing's common stock in connection with OceanFirst's and Flushing's solicitation of proxies for the vote by OceanFirst's stockholders and Flushing's stockholders with respect to the proposed transaction. After the registration statement has been filed and declared effective, OceanFirst and Flushing will mail a definitive joint proxy statement/prospectus to their respective stockholders that, as of the applicable record date, are entitled to vote on the matters being considered at the OceanFirst stockholder meeting and at the Flushing stockholder meeting, as applicable. OceanFirst or Flushing may also file other documents with the SEC regarding the proposed transaction.

Before making any voting or investment decision, investors and security holders are urged to carefully read the entire registration statement and joint proxy statement/prospectus (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) when they become available, and any other relevant documents filed with the SEC, And the definitive versions thereof (when they become available), as well as any amendments or supplements to SUCH documents, CAREFULLY AND IN THEIR ENTIRETY because they will contain important information about the proposed transaction.

Investors and security holders will be able to obtain free copies of the registration statement, the joint proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by OceanFirst or Flushing through the website maintained by the SEC at www.sec.gov.

The documents filed by OceanFirst or Flushing with the SEC also may be obtained free of charge at OceanFirst's or Flushing's website at https://ir.oceanfirst.com/, under the heading "Financials" or https://investor.flushingbank.com/, under the heading "Financials", respectively, or upon written request to OceanFirst, Attention: Investor Relations, 110 West Front Street, Red Bank, New Jersey 07701 or Flushing, Attention: Investor Relations, 220 RXR Plaza, Uniondale, New York 11556, respectively.

**Participants in Solicitation**

OceanFirst and Flushing and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from OceanFirst's stockholders or Flushing's stockholders in connection with the proposed transaction under the rules of the SEC. OceanFirst's stockholders, Flushing's stockholders and other interested persons will be able to obtain, without charge, more detailed information regarding the names, affiliations and interests of directors and executive officers of OceanFirst and Flushing in OceanFirst's registration statement on Form S-4 that will be filed, as well other documents filed by OceanFirst or Flushing from time to time with the SEC. Other information regarding persons who may, under the rules of the SEC, be deemed the participants in the proxy solicitation of OceanFirst's or Flushing's stockholders in connection with the proposed transaction and a description of their direct and indirect interests, by security holdings or otherwise, will be included in the preliminary joint proxy statement/prospectus and will be contained in other relevant materials to be filed with the SEC regarding the proposed transaction (if and when they become available). You may obtain free copies of these documents at the SEC's website at <u>www.sec.gov</u>. Copies of documents filed with the SEC by OceanFirst or Flushing will also be available free of charge from OceanFirst or Flushing using the contact information above.

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**OceanFirst Financial Corp.** 

**CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION**

(dollars in thousands)

---

| | | | |
|:---|:---|:---|:---|
| | **December 31, 2025** | **September 30, 2025** | **December 31, 2024** |
| | **(Unaudited)** | **(Unaudited)** | |
| **Assets** | | | |
| Cash and due from banks | $135130 | $274125 | $123615 |
| Debt securities available-for-sale, at estimated fair value | 1231827 | 1261580 | 827500 |
| Debt securities held-to-maturity, net of allowance for securities credit losses of $811 at December 31, 2025, $968 at September 30, 2025, and $967 at December 31, 2024 (estimated fair value of $825,790 at December 31, 2025, $856,550 at September 30, 2025, and $952,917 at December 31, 2024) | 881568 | 919734 | 1045875 |
| Equity investments | 91882 | 90731 | 84104 |
| Restricted equity investments, at cost | 129329 | 142398 | 108634 |
| Loans receivable, net of allowance for loan credit losses of $83,726 at December 31, 2025, $81,236 at September 30, 2025, and $73,607 at December 31, 2024 | 10970666 | 10489852 | 10055429 |
| Loans held-for-sale | 5768 | 17766 | 21211 |
| Interest and dividends receivable | 49010 | 47606 | 45914 |
| Other real estate owned | 10266 | 7498 | 1811 |
| Premises and equipment, net | 112743 | 112449 | 115256 |
| Bank owned life insurance | 270301 | 269136 | 270208 |
| Goodwill | 517481 | 523308 | 523308 |
| Intangibles | 9046 | 9934 | 12680 |
| Other assets | 149300 | 158547 | 185702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $14564317 | $14324664 | $13421247 |
| **Liabilities and Stockholders' Equity** |  |  |  |
| Deposits | $10964405 | $10435994 | $10066342 |
| Federal Home Loan Bank advances | 1397179 | 1705585 | 1072611 |
| Securities sold under agreements to repurchase with customers | 54434 | 64869 | 60567 |
| Other borrowings | 255233 | 198138 | 197546 |
| Advances by borrowers for taxes and insurance | 21245 | 23708 | 23031 |
| Other liabilities | 209271 | 242943 | 298393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 12901767 | 12671237 | 11718490 |
| Stockholders' equity: |  |  |  |
| OceanFirst Financial Corp. stockholders' equity | 1662550 | 1652537 | 1701650 |
| Non-controlling interest |  | 890 | 1107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total stockholders' equity | 1662550 | 1653427 | 1702757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and stockholders' equity | $14564317 | $14324664 | $13421247 |

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**OceanFirst Financial Corp.**

**CONSOLIDATED STATEMENTS OF INCOME** 

(in thousands, except per share amounts)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Year Ended** | **For the Year Ended** |
| | | | | **December 31,** | **December 31,** |
| | **December 31,**<br>**2025** | **September 30,**<br>**2025** | **December 31,**<br>**2024** | **2025** | **2024** |
| | **\|--------------------- (Unaudited) ---------------------\|** | **\|--------------------- (Unaudited) ---------------------\|** | **\|--------------------- (Unaudited) ---------------------\|** | **(Unaudited)** | |
| **Interest income:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans | $146550 | $141847 | $135438 | $556894 | $545243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt securities | 21681 | 17156 | 19400 | 72057 | 77749 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equity investments and other | 3501 | 3191 | 4782 | 13503 | 19181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest income | 171732 | 162194 | 159620 | 642454 | 642173 |
| **Interest expense:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | 59615 | 53246 | 59889 | 216180 | 242133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Borrowed funds | 16839 | 18291 | 16402 | 66051 | 66005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest expense | 76454 | 71537 | 76291 | 282231 | 308138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income | 95278 | 90657 | 83329 | 360223 | 334035 |
| Provision for credit losses | 3700 | 4092 | 3467 | 16171 | 7689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income after provision for credit losses | 91578 | 86565 | 79862 | 344052 | 326346 |
| **Other income (loss):** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bankcard services revenue | 1789 | 1663 | 1595 | 6534 | 6197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trust and asset management revenue | 350 | 384 | 416 | 1514 | 1745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fees and service charges | 2994 | 5190 | 6207 | 17865 | 21791 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net gain on sales of loans | 751 | 900 | 1076 | 3686 | 2358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net gain (loss) on equity investments | 230 | (7) | (5) | 916 | 4225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net (loss) gain from other real estate operations | (10) | 1 | (20) | (285) | (20) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income from bank owned life insurance | 2127 | 1988 | 2538 | 7753 | 7905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial loan swap income | 1119 | 1703 | 86 | 3649 | 879 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | 61 | 482 | 339 | 3069 | 5107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other income | 9411 | 12304 | 12232 | 44701 | 50187 |
| **Operating expenses:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Compensation and employee benefits | 40984 | 41387 | 36602 | 159353 | 138341 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Occupancy | 5825 | 6098 | 5280 | 22874 | 20811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equipment | 876 | 931 | 1026 | 3597 | 4250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marketing | 1466 | 1538 | 1615 | 5653 | 5165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Federal deposit insurance and regulatory assessments | 3102 | 2616 | 2517 | 11599 | 10955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Data processing | 7104 | 7164 | 6366 | 27723 | 24280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Check card processing | 1086 | 1170 | 1134 | 4582 | 4412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Professional fees | 4862 | 3467 | 2620 | 15090 | 9483 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization of intangibles | 888 | 900 | 876 | 3634 | 3333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Merger related expenses | 4253 |  | 110 | 4253 | 1779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restructuring charges | 7379 | 4147 |  | 11526 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other operating expense | 6317 | 6909 | 6703 | 26353 | 23068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 84142 | 76327 | 64849 | 296237 | 245877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income before provision for income taxes | 16847 | 22542 | 27245 | 92516 | 130656 |
| Provision for income taxes | 3754 | 5156 | 5083 | 21489 | 30266 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income | 13093 | 17386 | 22162 | 71027 | 100390 |
| Net income attributable to non-controlling interest |  | 56 | 253 | 49 | 325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income attributable to OceanFirst Financial Corp. | 13093 | 17330 | 21909 | 70978 | 100065 |
| Dividends on preferred shares |  |  | 1004 | 2008 | 4016 |
| Loss on redemption of preferred stock |  |  |  | 1842 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income available to common stockholders | $13093 | $17330 | $20905 | $67128 | $96049 |
| Basic earnings per share | $0.23 | $0.30 | $0.36 | $1.17 | $1.65 |
| Diluted earnings per share | $0.23 | $0.30 | $0.36 | $1.17 | $1.65 |
| Average basic shares outstanding | 56942 | 57031 | 58026 | 57419 | 58296 |
| Average diluted shares outstanding | 56954 | 57036 | 58055 | 57425 | 58297 |

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**OceanFirst Financial Corp.**

**SELECTED LOAN AND DEPOSIT DATA**

(dollars in thousands)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **<u>LOANS RECEIVABLE</u>** | | **At** | **At** | **At** | **At** | **At** |
| | | **December 31, 2025** | **September 30,<br>2025** | **June 30,<br>2025** | **March 31,<br>2025** | **December 31,<br>2024** |
| Commercial: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate - investor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate - investor | $5420989 | $5211220 | $5068125 | $5200137 | $5287683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial - real estate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial - real estate | 986431 | 997122 | 914406 | 896647 | 902219 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial - non-real estate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial - non-real estate | 1227556 | 998860 | 862504 | 748575 | 647945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total commercial and industrial | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total commercial and industrial | 2213987 | 1995982 | 1776910 | 1645222 | 1550164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total commercial |  | 7634976 | 7207202 | 6845035 | 6845359 | 6837847 |
| Consumer: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential real estate |  | 3194264 | 3135200 | 3119232 | 3053318 | 3049763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Home equity loans and lines and other consumer ("other consumer") | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Home equity loans and lines and other consumer ("other consumer") | 202763 | 215581 | 220820 | 226633 | 230462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total consumer |  | 3397027 | 3350781 | 3340052 | 3279951 | 3280225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total loans |  | 11032003 | 10557983 | 10185087 | 10125310 | 10118072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred origination costs (fees), net | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred origination costs (fees), net | 22389 | 13105 | 13960 | 11560 | 10964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allowance for loan credit losses |  | (83726) | (81236) | (79266) | (78798) | (73607) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans receivable, net | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans receivable, net | $10970666 | $10489852 | $10119781 | $10058072 | $10055429 |
| Mortgage loans serviced for others | Mortgage loans serviced for others | $365431 | $340740 | $288211 | $222963 | $191279 |
|  | At December 31, 2025 Average Yield |  |  |  |  |  |
| Loan pipeline <sup>(1)</sup>: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial | 6.81% | $464602 | $710933 | $790768 | $375622 | $197491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential real estate <sup>(2)</sup> | 6.09 | 9457 | 136797 | 146921 | 116121 | 97385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other consumer <sup>(2)</sup> |  |  | 16184 | 17110 | 12681 | 11783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | 6.80% | $474059 | $863914 | $954799 | $504424 | $306659 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** |
| | **December 31,** | **December 31,** | | | | |
| | **2025** | **2025** | **September 30,**<br>**2025** | **June 30,**<br>**2025** | **March 31,**<br>**2025** | **December 31,**<br>**2024** |
| | Average Yield | | | | | |
| Loan originations: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial <sup>(3)</sup> | 6.57% | $786186 | $739154 | $425877 | $233968 | $268613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential real estate | 6.00 | 249540 | 250066 | 274314 | 167162 | 235370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other consumer | 8.14 | 14859 | 18087 | 15813 | 15825 | 11204 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | 6.46% | $1050585 | $1007307 | $716004 | $416955 | $515187 |
| Loans sold <sup>(4)</sup> |  | $107486 | $145735 | $142431 | $104991 | $127508 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1)Loan pipeline includes loans approved but not funded.

&nbsp;&nbsp;&nbsp;&nbsp;(2)As of December 31, 2025, the Company has outsourced its residential and consumer originations, and the pipeline represents the remaining commitments expected to close in 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(3)Excludes commercial loan pool purchases of $24.3 million and $76.1 million for the three months ended March 31, 2025 and December 31, 2024, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;(4)Excludes sale of non-performing residential and consumer loans of $2.5 million, $2.2 million and $5.1 million for the three months ended December 31, 2025, June 30, 2025 and March 31, 2025, respectively.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **<u>DEPOSITS</u>** | **At** | **At** | **At** | **At** | **At** |
| | **December 31, 2025** | **September 30,<br>2025** | **June 30,<br>2025** | **March 31,<br>2025** | **December 31,<br>2024** |
| **Type of Account** | | | | | |
| &nbsp;&nbsp;&nbsp;Non-interest-bearing | $1741958 | $1731760 | $1686627 | $1660738 | $1617182 |
| &nbsp;&nbsp;&nbsp;Interest-bearing checking | 4354485 | 4090930 | 3845602 | 4006653 | 4000553 |
| &nbsp;&nbsp;&nbsp;Money market | 1412917 | 1397434 | 1377999 | 1337570 | 1301197 |
| &nbsp;&nbsp;&nbsp;Savings | 986195 | 1000488 | 1022918 | 1052504 | 1066438 |
| &nbsp;&nbsp;&nbsp;Time deposits <sup>(1)</sup> | 2468850 | 2215382 | 2299296 | 2119558 | 2080972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deposits | $10964405 | $10435994 | $10232442 | $10177023 | $10066342 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1)Includes brokered time deposits of $609.8 million, $405.1 million, $522.8 million, $370.5 million, and $74.7 million at December 31, 2025, September 30, 2025, June 30, 2025, March 31, 2025, and December 31, 2024, respectively.

------

**OceanFirst Financial Corp.** 

**ASSET QUALITY** 

(dollars in thousands)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **<u>ASSET QUALITY</u>** <sup>(1) (2)</sup> | **December 31, 2025** | **September 30,<br>2025** | **June 30,<br>2025** | **March 31,<br>2025** | **December 31,<br>2024** |
| Non-performing loans: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate - investor | $13636 | $23570 | $20457 | $23595 | $17000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial - real estate | 4813 | 7469 | 4499 | 4690 | 4787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial - non-real estate | 640 | 394 | 311 | 22 | 32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total commercial and industrial | 5453 | 7863 | 4810 | 4712 | 4819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential real estate | 6200 | 7334 | 5318 | 5709 | 10644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other consumer | 2502 | 2496 | 2926 | 2954 | 3064 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total non-performing loans<sup>(2)</sup> | $27791 | $41263 | $33511 | $36970 | $35527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other real estate owned | 10266 | 7498 | 7680 | 1917 | 1811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total non-performing assets | $38057 | $48761 | $41191 | $38887 | $37338 |
| Delinquent loans 30 to 89 days | $47808 | $19817 | $14740 | $46246 | $36550 |
| Modifications to borrowers experiencing financial difficulty |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-performing (included in total non-performing loans above) | $956 | $7693 | $8129 | $8307 | $3232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Performing | 23898 | 23952 | 31986 | 27592 | 27631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total modification to borrowers experiencing financial difficulty | $24854 | $31645 | $40115 | $35899 | $30863 |
| Allowance for loan credit losses | $83726 | $81236 | $79266 | $78798 | $73607 |
| Allowance for unfunded commitments | 4028 | 4636 | 3289 | 2846 | 3264 |
| Allowance for loan credit losses as a percent of total loans receivable <sup>(3)</sup> | 0.76% | 0.77% | 0.78% | 0.78% | 0.73% |
| Allowance for loan credit losses as a percent of total non-performing loans <sup>(3)</sup> | 301.27 | 196.87 | 236.54 | 213.14 | 207.19 |
| Non-performing loans as a percent of total loans receivable | 0.25 | 0.39 | 0.33 | 0.37 | 0.35 |
| Non-performing assets as a percent of total assets | 0.26 | 0.34 | 0.31 | 0.29 | 0.28 |
| **Supplemental PCD and non-performing loans** |  |  |  |  |  |
| PCD loans, net of allowance for loan credit losses | $14968 | $19003 | $20934 | $21737 | $22006 |
| Non-performing PCD loans | 5432 | 5677 | 6800 | 7724 | 7931 |
| Delinquent PCD and non-performing loans 30 to 89 days | 3103 | 2987 | 2590 | 10489 | 2997 |
| PCD modifications to borrowers experiencing financial difficulty | 18 | 20 | 20 | 22 | 23 |
| **Asset quality, excluding PCD loans** |  |  |  |  |  |
| Non-performing loans <sup>(2)</sup> | 22359 | 35586 | 26711 | 29246 | 27596 |
| Non-performing assets | 32625 | 43084 | 34391 | 31163 | 29407 |
| Delinquent loans 30 to 89 days (excludes non-performing loans)  | 44705 | 16830 | 12150 | 35757 | 33553 |
| Modification to borrowers experiencing financial difficulty | 24836 | 31625 | 40095 | 35877 | 30840 |
| Allowance for loan credit losses as a percent of total non-performing loans <sup>(3)</sup> | 374.46% | 228.28% | 296.75% | 269.43% | 266.73% |
| Non-performing loans as a percent of total loans receivable  | 0.20 | 0.34 | 0.26 | 0.29 | 0.27 |
| Non-performing assets as a percent of total assets | 0.22 | 0.30 | 0.26 | 0.23 | 0.22 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1)Asset quality metrics exclude loans held for sale.

&nbsp;&nbsp;&nbsp;&nbsp;(2)The quarters ended December 31, 2025, June 30, 2025 and March 31, 2025 included the sale of non-performing residential and consumer loans of $2.5 million, $2.2 million and $5.1 million, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;(3)Loans acquired from acquisitions were recorded at fair value. The net unamortized credit and PCD marks on these loans, not reflected in the allowance for loan credit losses, was $4.0 million, $4.4 million, $5.0 million, $5.6 million, and $6.0 million at December 31, 2025, September 30, 2025, June 30, 2025, March 31, 2025, and December 31, 2024, respectively.

------

(continued)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **<u>NET LOAN (CHARGE-OFFS) RECOVERIES</u>** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** |
| | **December 31, 2025** | **September 30,<br>2025** | **June 30,<br>2025** | **March 31,<br>2025** | **December 31,<br>2024** |
| Net loan (charge-offs) recoveries: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loan charge-offs | $(2190) | $(850) | $(2415) | $(798) | $(55) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Recoveries on loans | 216 | 233 | 197 | 162 | 213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net loan (charge-offs) recoveries | $(1974) | $(617) | $(2218) | $(636) | $158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net loan (charge-offs) recoveries to average total loans (annualized) | 0.07% | 0.02% | 0.09% | 0.03% | NM\* |
| Net loan (charge-offs) recoveries detail: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial <sup>(1)</sup> | $(1676) | $(522) | $(1666) | $25 | $92 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential real estate <sup>(2)</sup> | (268) | (24) | (348) | (720) | (17) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other consumer <sup>(2)</sup> | (30) | (71) | (204) | 59 | 83 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net loan (charge-offs) recoveries | $(1974) | $(617) | $(2218) | $(636) | $158 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1)The three months ended June 30, 2025 included charge-offs related to two commercial relationships of $1.6 million.

&nbsp;&nbsp;&nbsp;&nbsp;(2)The three months ended December 31, 2025, June 30, 2025 and March 31, 2025 included charge-offs of $342,000, $445,000 and $720,000, respectively, related to the sale of non-performing residential and consumer loans.

&nbsp;&nbsp;&nbsp;&nbsp;\* Not meaningful as amounts are net loan recoveries.

------

**OceanFirst Financial Corp.**

**ANALYSIS OF NET INTEREST INCOME**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** |
| | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
| **(dollars in thousands)** | **Average<br>Balance** | **Interest** | **Average**<br>**Yield/**<br>**Cost** <sup>(1)</sup> | **Average<br>Balance** | **Interest** | **Average**<br>**Yield/**<br>**Cost** <sup>(1)</sup> | **Average<br>Balance** | **Interest** | **Average**<br>**Yield/**<br>**Cost** <sup>(1)</sup> |
| **Assets:** | | | | | | | | | |
| Interest-earning assets: |  |  |  |  |  |  |  |  |  |
| Interest-earning deposits and short-term investments | $93474 | $988 | 4.19% | $94470 | $1115 | 4.68% | $195830 | $2415 | 4.91% |
| Securities <sup>(2)</sup>  | 2339646 | 24194 | 4.10 | 1990917 | 19232 | 3.83 | 2116911 | 21767 | 4.09 |
| Loans receivable, net <sup>(3)</sup> |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial | 7382168 | 109795 | 5.90 | 6975780 | 105587 | 6.01 | 6794158 | 101003 | 5.91 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential real estate | 3194529 | 33377 | 4.18 | 3151177 | 32685 | 4.15 | 3049092 | 30455 | 4.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other consumer | 211650 | 3378 | 6.33 | 218465 | 3575 | 6.49 | 236161 | 3980 | 6.70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allowance for loan credit losses, net of deferred loan costs and fees | (64107) |  |  | (66812) |  |  | (60669) |  |  |
| Loans receivable, net | 10724240 | 146550 | 5.43 | 10278610 | 141847 | 5.49 | 10018742 | 135438 | 5.38 |
| Total interest-earning assets | 13157360 | 171732 | 5.19 | 12363997 | 162194 | 5.21 | 12331483 | 159620 | 5.15 |
| Non-interest-earning assets | 1180416 |  |  | 1187197 |  |  | 1213569 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $14337776 |  |  | $13551194 |  |  | $13545052 |  |  |
| **Liabilities and Stockholders' Equity:** |  |  |  |  |  |  |  |  |  |
| Interest-bearing liabilities: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing checking | $4464604 | 25575 | 2.27% | $4000804 | 21253 | 2.11% | $4050428 | 22750 | 2.23% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money market | 1643192 | 11500 | 2.78 | 1426586 | 10507 | 2.92 | 1325119 | 10841 | 3.25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Savings | 989003 | 1492 | 0.60 | 1009742 | 1674 | 0.66 | 1070816 | 2138 | 0.79 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Time deposits | 2270671 | 21048 | 3.68 | 2105734 | 19812 | 3.73 | 2212750 | 24160 | 4.34 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | 9367470 | 59615 | 2.52 | 8542866 | 53246 | 2.47 | 8659113 | 59889 | 2.75 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLB advances | 984934 | 10912 | 4.40 | 1123946 | 12793 | 4.52 | 854748 | 10030 | 4.67 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securities sold under agreements to repurchase | 65891 | 427 | 2.57 | 59017 | 438 | 2.94 | 76856 | 513 | 2.66 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other borrowings  | 299565 | 5500 | 7.28 | 249233 | 5060 | 8.05 | 396412 | 5859 | 5.88 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total borrowings | 1350390 | 16839 | 4.95 | 1432196 | 18291 | 5.07 | 1328016 | 16402 | 4.91 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 10717860 | 76454 | 2.83 | 9975062 | 71537 | 2.85 | 9987129 | 76291 | 3.04 |
| Non-interest-bearing deposits | 1755211 |  |  | 1720657 |  |  | 1627376 |  |  |
| Non-interest-bearing liabilities | 199504 |  |  | 199582 |  |  | 227221 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 12672575 |  |  | 11895301 |  |  | 11841726 |  |  |
| Stockholders' equity | 1665201 |  |  | 1655893 |  |  | 1703326 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and stockholders' equity | $14337776 |  |  | $13551194 |  |  | $13545052 |  |  |
| Net interest income |  | $95278 |  |  | $90657 |  |  | $83329 |  |
| Net interest rate spread <sup>(4)</sup> |  |  | 2.36% |  |  | 2.36% |  |  | 2.11% |
| Net interest margin <sup>(5)</sup> |  |  | 2.87% |  |  | 2.91% |  |  | 2.69% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total cost of deposits (including non-interest-bearing deposits) |  |  | 2.13% |  |  | 2.06% |  |  | 2.32% |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **For the Year Ended** | **For the Year Ended** | **For the Year Ended** | **For the Year Ended** | **For the Year Ended** | **For the Year Ended** |
| | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
| **(dollars in thousands)** | **Average<br>Balance** | **Interest** | **Average**<br>**Yield/**<br>**Cost**<sup>(1)</sup> | **Average<br>Balance** | **Interest** | **Average**<br>**Yield/**<br>**Cost**<sup>(1)</sup> |
| **Assets:** | | | | | | |
| Interest-earning assets: |  |  |  |  |  |  |
| Interest-earning deposits and short-term investments | $100051 | $4176 | 4.17% | $175611 | $9381 | 5.34% |
| Securities <sup>(2)</sup> | 2063446 | 81384 | 3.94 | 2084451 | 87549 | 4.20 |
| Loans receivable, net <sup>(3)</sup> |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial | 6983023 | 413646 | 5.92 | 6836728 | 410978 | 6.01 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential real estate | 3126076 | 129193 | 4.13 | 2998732 | 117747 | 3.93 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other consumer | 220942 | 14055 | 6.36 | 243360 | 16518 | 6.79 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allowance for loan credit losses, net of deferred loan costs and fees | (64796) |  |  | (59289) |  |  |
| Loans receivable, net | 10265245 | 556894 | 5.43 | 10019531 | 545243 | 5.44 |
| Total interest-earning assets | 12428742 | 642454 | 5.17 | 12279593 | 642173 | 5.23 |
| Non-interest-earning assets | 1186135 |  |  | 1215809 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $13614877 |  |  | $13495402 |  |  |
| **Liabilities and Stockholders' Equity:** |  |  |  |  |  |  |
| Interest-bearing liabilities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing checking | $4148302 | 88866 | 2.14% | $3923846 | 86320 | 2.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money market | 1434355 | 41077 | 2.86 | 1214690 | 41948 | 3.45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Savings | 1021341 | 6631 | 0.65 | 1169424 | 11422 | 0.98 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Time deposits | 2118145 | 79606 | 3.76 | 2325638 | 102443 | 4.40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | 8722143 | 216180 | 2.48 | 8633598 | 242133 | 2.80 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLB advances | 996798 | 44997 | 4.51 | 742575 | 35686 | 4.81 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securities sold under agreements to repurchase | 62420 | 1711 | 2.74 | 73399 | 1893 | 2.58 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other borrowings  | 273130 | 19343 | 7.08 | 484406 | 28426 | 5.87 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total borrowings | 1332348 | 66051 | 4.96 | 1300380 | 66005 | 5.08 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 10054491 | 282231 | 2.81 | 9933978 | 308138 | 3.10 |
| Non-interest-bearing deposits | 1678768 |  |  | 1630719 |  |  |
| Non-interest-bearing liabilities  | 202101 |  |  | 245680 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 11935360 |  |  | 11810377 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Stockholders' equity | 1679517 |  |  | 1685025 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and stockholders' equity | $13614877 |  |  | $13495402 |  |  |
| Net interest income |  | $360223 |  |  | $334035 |  |
| Net interest rate spread <sup>(4)</sup> |  |  | 2.36% |  |  | 2.13% |
| Net interest margin <sup>(5)</sup> |  |  | 2.90% |  |  | 2.72% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total cost of deposits (including non-interest-bearing deposits) |  |  | 2.08% |  |  | 2.36% |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;Average yields and costs are annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;Amounts represent debt and equity securities, including FHLB and Federal Reserve Bank stock, and are recorded at average amortized cost, net of allowance for securities credit losses.

&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&nbsp;&nbsp;&nbsp;Amount is net of deferred loan costs and fees, undisbursed loan funds, discounts and premiums and allowance for loan credit losses, and includes loans held-for-sale and non-performing loans.

&nbsp;&nbsp;&nbsp;&nbsp;(4)&nbsp;&nbsp;&nbsp;&nbsp;Net interest rate spread represents the difference between the yield on interest-earning assets and the cost of interest-bearing liabilities.

&nbsp;&nbsp;&nbsp;&nbsp;(5)&nbsp;&nbsp;&nbsp;&nbsp;Net interest margin represents net interest income divided by average interest-earning assets.

------

**OceanFirst Financial Corp.**

**SELECTED QUARTERLY FINANCIAL DATA**

(in thousands, except per share amounts)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **December 31, 2025** | **September 30,<br>2025** | **June 30,<br>2025** | **March 31,<br>2025** | **December 31,<br>2024** |
| **Selected Financial Condition Data:** | | | | | |
| Total assets | $14564317 | $14324664 | $13327847 | $13309278 | $13421247 |
| Debt securities available-for-sale, at estimated fair value | 1231827 | 1261580 | 735561 | 746168 | 827500 |
| Debt securities held-to-maturity, net of allowance for securities credit losses | 881568 | 919734 | 968969 | 1005476 | 1045875 |
| Equity investments | 91882 | 90731 | 87808 | 87365 | 84104 |
| Restricted equity investments, at cost | 129329 | 142398 | 106538 | 102172 | 108634 |
| Loans receivable, net of allowance for loan credit losses | 10970666 | 10489852 | 10119781 | 10058072 | 10055429 |
| Deposits | 10964405 | 10435994 | 10232442 | 10177023 | 10066342 |
| Federal Home Loan Bank advances | 1397179 | 1705585 | 938687 | 891021 | 1072611 |
| Securities sold under agreements to repurchase from customers and other borrowings | 309667 | 263007 | 259509 | 262940 | 258113 |
| Total stockholders' equity | 1662550 | 1653427 | 1643680 | 1709117 | 1702757 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** |
| | **December 31, 2025** | **September 30,<br>2025** | **June 30,<br>2025** | **March 31,<br>2025** | **December 31,<br>2024** |
| **Selected Operating Data:** | | | | | |
| Interest income | $171732 | $162194 | $154825 | $153703 | $159620 |
| Interest expense | 76454 | 71537 | 67189 | 67051 | 76291 |
| Net interest income | 95278 | 90657 | 87636 | 86652 | 83329 |
| Provision for credit losses (excluding Spring Garden) | 3700 | 4092 | 3039 | 5340 | 2041 |
| Spring Garden opening provision for credit losses |  |  |  |  | 1426 |
| Net interest income after provision for credit losses | 91578 | 86565 | 84597 | 81312 | 79862 |
| Other income (excluding equity investments) | 9181 | 12311 | 11245 | 11048 | 12237 |
| Net gain (loss) on equity investments | 230 | (7) | 488 | 205 | (5) |
| Operating expenses (excluding non-core operations) | 71227 | 72390 | 71474 | 64294 | 64739 |
| Restructuring charges | 7379 | 4147 |  |  |  |
| Credit risk transfer execution expense | 1283 |  |  |  |  |
| FDIC special assessment |  | (210) |  |  |  |
| Merger related expenses | 4253 |  |  |  | 110 |
| Income before provision for income taxes | 16847 | 22542 | 24856 | 28271 | 27245 |
| Provision for income taxes | 3754 | 5156 | 5771 | 6808 | 5083 |
| Net income | 13093 | 17386 | 19085 | 21463 | 22162 |
| Net income (loss) attributable to non-controlling interest |  | 56 | 39 | (46) | 253 |
| Net income attributable to OceanFirst Financial Corp. | $13093 | $17330 | $19046 | $21509 | $21909 |
| Net income available to common stockholders | $13093 | $17330 | $16200 | $20505 | $20905 |
| Diluted earnings per share | $0.23 | $0.30 | $0.28 | $0.35 | $0.36 |
| Net accretion/amortization of purchase accounting adjustments included in net interest income | $222 | $510 | $420 | $219 | $20 |

---

------

(continued)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **At or For the Three Months Ended** | **At or For the Three Months Ended** | **At or For the Three Months Ended** | **At or For the Three Months Ended** | **At or For the Three Months Ended** |
| | **December 31, 2025** | **September 30,<br>2025** | **June 30,<br>2025** | **March 31,<br>2025** | **December 31,<br>2024** |
| **Selected Financial Ratios and Other Data** <sup>(1) (2)</sup>**:** | | | | | |
| **Performance Ratios (Annualized):** | | | | | |
| Return on average assets <sup>(3)</sup> | 0.36% | 0.51% | 0.49% | 0.62% | 0.61% |
| Return on average tangible assets <sup>(3) (4)</sup> | 0.38 | 0.53 | 0.51 | 0.65 | 0.64 |
| Return on average stockholders' equity <sup>(3)</sup> | 3.12 | 4.15 | 3.86 | 4.85 | 4.88 |
| Return on average tangible stockholders' equity <sup>(3) (4)</sup> | 4.57 | 6.13 | 5.66 | 7.05 | 7.12 |
| Return on average tangible common equity <sup>(3) (4)</sup> | 4.57 | 6.13 | 5.66 | 7.40 | 7.47 |
| Stockholders' equity to total assets | 11.42 | 11.54 | 12.33 | 12.84 | 12.69 |
| Tangible stockholders' equity to tangible assets <sup>(4)</sup> | 8.09 | 8.12 | 8.67 | 9.19 | 9.06 |
| Tangible common equity to tangible assets <sup>(4)</sup> | 8.09 | 8.12 | 8.67 | 8.76 | 8.62 |
| Net interest rate spread | 2.36 | 2.36 | 2.37 | 2.35 | 2.11 |
| Net interest margin | 2.87 | 2.91 | 2.91 | 2.90 | 2.69 |
| Operating expenses to average assets | 2.33 | 2.23 | 2.16 | 1.96 | 1.90 |
| Efficiency ratio <sup>(5)</sup> | 80.37 | 74.13 | 71.93 | 65.67 | 67.86 |
| Loans-to-deposits | 100.60 | 101.20 | 99.50 | 99.50 | 100.50 |

---

---

| | | |
|:---|:---|:---|
| | **At or For the Year Ended December 31,** | **At or For the Year Ended December 31,** |
| | **2025** | **2024** |
| **Performance Ratios:** |  |  |
| Return on average assets <sup>(3)</sup> | 0.49% | 0.71% |
| Return on average tangible assets <sup>(3) (4)</sup> | 0.51 | 0.74 |
| Return on average stockholders' equity <sup>(3)</sup> | 4.00 | 5.70 |
| Return on average tangible stockholders' equity <sup>(3) (4)</sup> | 5.86 | 8.24 |
| Return on average tangible common equity <sup>(3) (4)</sup> | 5.86 | 8.65 |
| Net interest rate spread | 2.36 | 2.13 |
| Net interest margin | 2.90 | 2.72 |
| Operating expenses to average assets | 2.18 | 1.82 |
| Efficiency ratio <sup>(5)</sup> | 73.16 | 63.99 |

---

------

(continued)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **At or For the Three Months Ended** | **At or For the Three Months Ended** | **At or For the Three Months Ended** | **At or For the Three Months Ended** | **At or For the Three Months Ended** |
| | **December 31,**<br>**2025** | **September 30,**<br>**2025** | **June 30,**<br>**2025** | **March 31,**<br>**2025** | **December 31,**<br>**2024** |
| **Trust and Asset Management:** |  |  |  |  |  |
| Wealth assets under administration and management ("AUA/M") | $142030 | $143708 | $141921 | $149106 | $147956 |
| Nest Egg AUA/M | 485606 | 463906 | 462664 | 453803 | 431434 |
| Total AUA/M | 627636 | 607614 | 604585 | 602909 | 579390 |
| **Per Share Data:** |  |  |  |  |  |
| Cash dividends per common share | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 |
| Book value per common share at end of period | 28.97 | 28.81 | 28.64 | 29.27 | 29.08 |
| Tangible book value per common share at end of period <sup>(4)</sup> | 19.79 | 19.52 | 19.34 | 19.16 | 18.98 |
| Common shares outstanding at end of period | 57390569 | 57388603 | 57383975 | 58383525 | 58554871 |
| Preferred shares outstanding at end of period |  |  |  | 57370 | 57370 |
| Number of full-service customer facilities: | 41 | 40 | 40 | 39 | 39 |
| **Quarterly Average Balances** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total securities | $2339646 | $1990917 | $1917114 | $2003206 | $2116911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans receivable, net | 10724240 | 10278610 | 10036785 | 10013383 | 10018742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | 13157360 | 12363997 | 12065530 | 12112028 | 12331483 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total goodwill and intangibles | 529006 | 533835 | 534734 | 535657 | 534942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 14337776 | 13551194 | 13248073 | 13311893 | 13545052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Time deposits | 2270671 | 2105734 | 2175564 | 1916109 | 2212750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deposits (including non-interest-bearing deposits) | 11122681 | 10263523 | 10176895 | 10030051 | 10286489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total borrowings | 1350390 | 1432196 | 1201878 | 1343757 | 1328016 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 10717860 | 9975062 | 9739728 | 9775836 | 9987129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-interest bearing deposits | 1755211 | 1720657 | 1639045 | 1597972 | 1627376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stockholders' equity | 1665201 | 1655893 | 1682647 | 1715134 | 1703326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tangible stockholders' equity <sup>(4)</sup> | 1136195 | 1122058 | 1147913 | 1179477 | 1168384 |
| **Quarterly Yields and Costs** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total securities | 4.10% | 3.83% | 3.82% | 3.99% | 4.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans receivable, net | 5.43 | 5.49 | 5.41 | 5.37 | 5.38 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | 5.19 | 5.21 | 5.14 | 5.13 | 5.15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Time deposits | 3.68 | 3.73 | 3.74 | 3.91 | 4.34 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total cost of deposits (including non-interest-bearing deposits) | 2.13 | 2.06 | 2.06 | 2.06 | 2.32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total borrowings | 4.95 | 5.07 | 4.98 | 4.83 | 4.91 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 2.83 | 2.85 | 2.77 | 2.78 | 3.04 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest rate spread | 2.36 | 2.36 | 2.37 | 2.35 | 2.11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest margin | 2.87 | 2.91 | 2.91 | 2.90 | 2.69 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;With the exception of end of quarter ratios, all ratios are based on average daily balances.

&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;Performance ratios for each period are presented on a GAAP basis and include non-core operations. Refer to "Other Items - Non-GAAP Reconciliation."

&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&nbsp;&nbsp;&nbsp;Ratios for each period are based on net income available to common stockholders.

&nbsp;&nbsp;&nbsp;&nbsp;(4)&nbsp;&nbsp;&nbsp;&nbsp;Tangible stockholders' equity and tangible assets exclude goodwill and other intangibles. Tangible common equity (also referred to as "tangible book value") excludes goodwill, intangibles and preferred equity. Refer to "Other Items - Non-GAAP Reconciliation."

&nbsp;&nbsp;&nbsp;&nbsp;(5)&nbsp;&nbsp;&nbsp;&nbsp;Efficiency ratio represents the ratio of operating expenses to the aggregate of other income and net interest income.

------

**OceanFirst Financial Corp.**

**OTHER ITEMS**

(dollars in thousands, except per share amounts)

**<u>NON-GAAP RECONCILIATION</u>**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** |
| | **December 31, 2025** | **September 30,<br>2025** | **June 30,<br>2025** | **March 31,<br>2025** | **December 31,<br>2024** |
| **Core Earnings:** | | | | | |
| Net income available to common stockholders **(GAAP)** | $13093 | $17330 | $16200 | $20505 | $20905 |
| Adjustments to exclude the impact of non-recurring and non-core items: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spring Garden opening provision for credit losses |  |  |  |  | 1426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net (gain) loss on equity investments | (230) | 7 | (488) | (205) | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restructuring charges | 7379 | 4147 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credit risk transfer execution expense | 1283 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FDIC special assessment release |  | (210) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Merger related expenses | 4253 |  |  |  | 110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income tax (benefit) expense on items | (2254) | (926) | 115 | 49 | (388) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loss on redemption of preferred stock |  |  | 1842 |  |  |
| Core earnings **(Non-GAAP)** | $23524 | $20348 | $17669 | $20349 | $22058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income tax expense | $3754 | $5156 | $5771 | $6808 | $5083 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provision for credit losses | 3700 | 4092 | 3039 | 5340 | 3467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Less: non-core provision for credit losses |  |  |  |  | 1426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Less: income tax (benefit) expense on non-core items | (2254) | (926) | 115 | 49 | (388) |
| Core earnings PTPP **(Non-GAAP)** | $33232 | $30522 | $26364 | $32448 | $29570 |
| Core diluted earnings per share | $0.41 | $0.36 | $0.31 | $0.35 | $0.38 |
| Core earnings PTPP diluted earnings per share | $0.58 | $0.54 | $0.46 | $0.56 | $0.51 |
| **Core Ratios (Annualized):** |  |  |  |  |  |
| Return on average assets | 0.65% | 0.60% | 0.53% | 0.62% | 0.65% |
| Return on average tangible stockholders' equity | 8.21 | 7.19 | 6.17 | 7.00 | 7.51 |
| Return on average tangible common equity | 8.21 | 7.19 | 6.17 | 7.34 | 7.89 |
| Efficiency ratio | 68.19 | 70.30 | 72.28 | 65.81 | 67.74 |

---

------

(continued)

---

| | | |
|:---|:---|:---|
| | **For the Years Ended December 31,** | **For the Years Ended December 31,** |
| | **2025** | **2024** |
| **Core Earnings:** |  |  |
| Net income available to common stockholders **(GAAP)** | $67128 | $96049 |
| Adjustments to exclude the impact of non-recurring and non-core items: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spring Garden opening provision for credit losses |  | 1426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net gain on equity investments | (916) | (4225) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net gain on sale of trust business |  | (2600) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restructuring charges | 11526 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credit risk transfer execution expense | 1283 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FDIC special assessment (release) expense | (210) | 418 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Merger related expenses | 4253 | 1779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income tax (benefit) expense on items | (3016) | 712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loss on redemption of preferred stock | 1842 |  |
| Core earnings **(Non-GAAP)** | $81890 | $93559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income tax expense | $21489 | $30266 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provision for credit losses | 16171 | 7689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Less: non-core provision for credit losses |  | 1426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Less: income tax (benefit) expense on non-core items | (3016) | 712 |
| Core earnings PTPP **(Non-GAAP)** | $122566 | $129376 |
| Core diluted earnings per share | $1.43 | $1.60 |
| Core earnings PTPP diluted earnings per share | $2.13 | $2.22 |
| **Core Ratios:** |  |  |
| Return on average assets | 0.60% | 0.69% |
| Return on average tangible stockholders' equity | 7.14 | 8.03 |
| Return on average tangible common equity | 7.14 | 8.43 |
| Efficiency ratio | 69.15 | 64.57 |

---

------

(continued)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **December 31,**<br>**2025** | **September 30,**<br>**2025** | **June 30,**<br>**2025** | **March 31,**<br>**2025** | **December 31,**<br>**2024** |
| **Tangible Equity:** |  |  |  |  |  |
| Total stockholders' equity | $1662550 | $1653427 | $1643680 | $1709117 | $1702757 |
| Less: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goodwill | 517481 | 523308 | 523308 | 523308 | 523308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intangibles | 9046 | 9934 | 10834 | 11740 | 12680 |
| Tangible stockholders' equity | 1136023 | 1120185 | 1109538 | 1174069 | 1166769 |
| Less: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred stock |  |  |  | 55527 | 55527 |
| Tangible common equity | $1136023 | $1120185 | $1109538 | $1118542 | $1111242 |
| **Tangible Assets:** |  |  |  |  |  |
| Total assets | $14564317 | $14324664 | $13327847 | $13309278 | $13421247 |
| Less: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goodwill | 517481 | 523308 | 523308 | 523308 | 523308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intangibles | 9046 | 9934 | 10834 | 11740 | 12680 |
| Tangible assets | $14037790 | $13791422 | $12793705 | $12774230 | $12885259 |
| Tangible stockholders' equity to tangible assets | 8.09% | 8.12% | 8.67% | 9.19% | 9.06% |
| Tangible common equity to tangible assets | 8.09% | 8.12% | 8.67% | 8.76% | 8.62% |

---

## Exhibit 99.2

![](ex992q42025-earningsrele001.jpg)

. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 1 OceanFirst Bank OceanFirst Financial Corp. 4Q 2025 Earnings Release Supplement(1) January 2026 (1) The 4Q 2025 Earnings Release Supplement should be read in conjunction with the Earnings Release furnished as Exhibit 99.1 to the Form 8-K filed with the SEC on January 22, 2026. OCEANFIRST BANK \| J a n u a r y 2 2 , 2026 Exhibit 99.2

------

![](ex992q42025-earningsrele002.jpg)

. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Legal Disclaimer 2 FORWARD LOOKING STATEMENTS. In addition to historical information, this presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are based on certain assumptions and describe future plans, strategies and expectations of the Company. These forward-looking statements are generally identified by use of the words "believe," "expect," "intend," "anticipate," "estimate," "project," "will," "should," "may," "view," "opportunity," "potential," or similar expressions or expressions of confidence. The Company's ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations of the Company and its subsidiaries include, but are not limited to: the risk that the proposed transaction between OceanFirst and Flushing Financial Corporation ("Flushing") may not be completed in a timely manner or at all; the failure to satisfy the conditions to the consummation of the proposed transaction, including obtaining the requisite OceanFirst and Flushing stockholder approvals or the necessary regulatory approvals (and the risk that such regulatory approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the transaction); the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement between OceanFirst and Flushing; the inability to obtain alternative capital in the event it becomes necessary to complete the proposed transaction; the effect of the announcement or pendency of the proposed transaction on OceanFirst's and Flushing's business relationships, operating results and business generally; risks that the proposed transaction disrupts current plans and operations of OceanFirst and Flushing; potential difficulties in retaining OceanFirst and Flushing customers and employees as a result of the proposed transaction; OceanFirst's and Flushing's estimates of its financial performance; the operational risk of lending activities, including the effectiveness of OceanFirst's and Flushing's underwriting practices and the risk of fraud; results of examinations by regulatory authorities of OceanFirst or Flushing and the possibility that any such regulatory authority may, among other things, limit OceanFirst's or Flushing's business activities, restrict OceanFirst's or Flushing's ability to invest in certain assets, refrain from issuing an approval or non-objection to certain capital or other actions, increase OceanFirst's or Flushing's allowance for credit losses, result in write-downs of asset values, restrict OceanFirst's or Flushing's ability or that of OceanFirst's or Flushing's bank subsidiary to pay dividends, or impose fines, penalties or sanctions; changes in the markets in which OceanFirst and Flushing compete; potential litigation relating to the proposed transaction that could be instituted against OceanFirst, Flushing or their respective directors and officers, including the effects of any outcomes related thereto; volatility in the trading price of OceanFirst's or Flushing's securities; the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities; the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected expenses, factors or events; the possibility that the anticipated benefits of the transaction are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the two companies or as a result of the strength of the economy and competitive factors in the areas where OceanFirst and Flushing do business; and the dilution caused by OceanFirst's issuance of additional shares of its capital stock in connection with the transaction; changes in interest rates; inflation, general economic conditions, including potential recessionary conditions; levels of unemployment in the Company's lending area; real estate market values in the Company's lending area; potential goodwill impairment; natural disasters; potential increases to flood insurance premiums; the current or anticipated impact of military conflict, terrorism or other geopolitical events; the imposition of tariffs or other domestic or international governmental policies and retaliatory responses; the effects of a potential federal government shutdown; volatility in financial markets; slowdowns in securities trading or shifting demand for security trading products; the level of prepayments on loans and mortgage-backed securities; legislative/regulatory changes; monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System; the quality or composition of the loan or investment portfolios; demand for loan products; deposit flows; the availability of low-cost funding; changes in liquidity, including the size and composition of the Company's deposit portfolio, and the percentage of uninsured deposits in the portfolio; changes in capital management and balance sheet strategies and the ability to successfully implement such strategies; competition; demand for financial services in the Company's market area; changes in investor sentiment and consumer spending, borrowing and savings habits; changes in accounting principles; a failure in or breach of the Company's operational or security systems or infrastructure, including cyberattacks; the failure to maintain current technologies; reliance on third party service providers; failure to retain or attract employees; supply chain issues or labor shortages; the impact of pandemics on our operations and financial results and those of our customers; and the Bank's ability to successfully integrate acquired operations. These risks and uncertainties are further discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, under Item 1A - Risk Factors and elsewhere, and subsequent securities filings and should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. The Company does not undertake, and specifically disclaims any obligation, to publicly release the result of any revisions which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. For an exhaustive list of Forward Looking Statements please refer to the Company's Earnings Release furnished as Exhibit 99.1 to the Form 8-K as filed with the SEC on January 22, 2026. NON-GAAP FINANCIAL INFORMATION. This presentation contains certain non-GAAP (generally accepted accounting principles) measures. These non-GAAP measures, as calculated by the Company, are not necessarily comparable to similarly titled measures reported by other companies. Additionally, these non-GAAP measures are not measures of financial performance or liquidity under GAAP and should not be considered alternatives to the Company's other financial information determined under GAAP. See reconciliations of certain non-GAAP measures included at the end of this presentation and in the Company's Earnings Release furnished as Exhibit 99.1 to the Form 8-K as filed with the SEC on January 22, 2026. MARKET AND INDUSTRY DATA. This presentation references certain market, industry and demographic data, forecasts and other statistical information. We have obtained this data, forecasts and information from various independent, third-party industry sources and publications. Nothing in the data, forecasts or information used or derived from third-party sources should be construed as advice. Some data and other information are also based on our good faith estimates, which are derived from our review of industry publications and surveys and independent sources. We believe that these sources and estimates are reliable but have not independently verified them. Statements as to our market position are based on market data currently available to us. These estimates involve inherent risks and uncertainties and are based on assumptions that are subject to change.

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. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Q4-25 Financial Highlights (1) For non-GAAP financial measures, please refer to the "Non-GAAP Reconciliations" in the Appendix for a reconciliation to GAAP financial information (2) Q4-25 CET1 Ratio – Preliminary Estimate. Financial Highlights $0.41 Core Diluted EPS(1) $95 million Net Interest Income 0.65% Core ROAA(1) 8.21% Core ROTCE(1) $0.58 Core PTPP Diluted EPS(1) 10.7% CET1 Ratio(2) ▪ Net interest income increased by $5 million (or 5%) and pre-tax pre-provision income increased $3 million (or 9%) from the linked quarter showing the momentum from interest-earning asset growth. ▪ Total loans increased $474 million (or 18% annualized), including $218 million of commercial and industrial loan growth. Loan originations were robust at $1 billion for the quarter. ▪ Capital remained strong with an estimated CET1 ratio of 10.7% despite significant loan growth. The credit risk transfer, executed during the quarter, provides credit protection on a $1.5 billion residential loans pool, which significantly reduces risk weighted assets and drives a favorable increase to regulatory capital ratios. ▪ On December 29th, we announced the merger agreement with Flushing Financial Corporation which included a $225 million capital raise from Warburg Pincus that will fund concurrently with merger closing. Transaction close estimated in the second quarter of 2026. 3

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. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Loan Portfolio Trends Moderated Loan Growth in the Portfolio ($'millions) ▪ Total loans increased $474 million (or 18% annualized), including $218 million of commercial and industrial loan growth. ▪ Loan originations were robust at $1.05 billion for the quarter, and the loan pipeline remained strong at $474 million. ▪ NDFI(1) loan exposure remains minimal, totaling $333 million (or 3% of total loans) at Q4-25. 5,288 5,200 5,068 5,211 5,421 902 897 914 997 986 648 749 863 999 1,228 3,050 3,053 3,119 3,135 3,194 5.38% 230 Q4-24 5.37% 226 Q1-25 5.41% 221 Q2-25 5.49% 216 Q3-25 Q4-25 10,118 10,125 10,185 10,558 5.43% 11,032 203 Average Loan Yield Home Equity & Consumer Residential C&I - non-real estate C&I - real estate CRE Investor-Owned 4 (1) Non-Depository Financial Institution

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. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 103,534 125,454 124,112 104,773 93,715 54,526 23,811 21,521 18,972 18,161 3.49% 1.56% Q4-24 3.70% 1.47% Q1-25 3.82% 1.43% Q2-25 3.68% 1.17% Q3-25 1.01% Q4-25 Strong asset quality trends driven by prudent growth and strong credit risk management Quarterly Credit Trends (1 of 2) Non-Performing Loans and Assets ($'000)(1) Special Mention and Substandard Loans ($'000) Criticized loans as a % of total loans remain low at 1.01% as of Q4-25 compared to 2.06% as of Q4-19 (pre-pandemic). 27,596 29,246 26,711 35,586 22,359 7,680 7,498 10,266 0.27% 0.22% 1,811 Q4-24 0.29% 0.23% 1,917 Q1-25 0.26% Q2-25 0.34% 0.30% Q3-25 0.20% 0.22% Q4-25 NPL to total loans NPA to total assets OREO Non-performing loans Peer Average Criticized Loans / Total Loans OCFC Criticized Loans / Total Loans Special Mention Substandard 5 OCFC 10-Year (2015-2025) Average Criticized Loans / Total Loans = 1.96% (2) (1) Note: At December 31, 2025, of the Special Mention loans and Substandard loans represented above, 76.8% and 51.0% were current on payments, respectively. (1) OCFC criticized loans exclude other real estate owned. (2) Peer data is on a one quarter lag. (1) PCD loans are not included in these metrics. Refer to Asset Quality section in the Earnings Release for additional information.

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. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Quarterly Credit Trends (2 of 2) Loan Allowance for Credit Losses (ACL) Plus PCD & General Credit Marks / Total Loans NCOs / (Recoveries) and Provision for Credit Loss Expense ($'thousands) 0.06% 0.73% Q4-24 0.05% 0.78% Q1-25 0.05% 0.78% Q2-25 0.04% 0.77% Q3-25 0.04% 0.76% Q4-25 0.79% 0.83% 0.83% 0.81% 0.80% PCD & General Credit Marks ACL -158 636 2,218 617 1,974 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Provision Expense Net Charge-offs (Recoveries) 3,467 Includes $1.4 million non- core day 1 provision relating to Spring Garden acquisition. 2,041 Includes $3.3 million of increased provision related to elevated uncertainty in the macroeconomic environment despite strong asset quality metrics. 5,340 2,086 6 3,039 Note: The allowance for credit losses plus the unamortized credit and PCD marks amounted to $87.7 million, or 0.80% of total loans at Q4-25, as compared to $85.6 million, or 0.81% of total loans at Q3-25. Note: Q2-25 charge-offs primarily relate to two commercial relationships of $1.6 million and $445K for NPL sale. 4,092 3,700

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. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 COVID-19 Pandemic Track Record of Strong Credit Performance ▪ From 2006 to Q4-25, inclusive of the Global Financial Crisis, Hurricane Sandy, and the COVID-19 Pandemic, OCFC's NCO to average loans totaled 13 bps per year compared to 71 bps for all commercial banks between $10 - $50 billion in assets. ▪ From 2006 to Q4-25, peak net charge-offs to average loans for OCFC totaled 56 bps in 2011. Peak charge-offs for commercial banks between $10 - $50 billion in assets were 253 bps in 2009. Global Financial Crisis Hurricane Sandy 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Q3-25 Q4-25Q1-25 Q2-25 OCFC NCO / Avg Loans Commercial Banks ($10-50 bn) NCO / Avg Loans (1) 7 Source: S&P Global. (1) Any period with net recoveries is denoted as 0% NCO / Avg Loans in the graph. (2) Commercial bank reporting is on a one quarter lag (2)

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. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Deposit Trends ▪ Deposits increased by $528 million (or 5.1%), driven by an increase in non-maturity deposits of $275 million (or 3.3%) from the prior quarter. ▪ The $253 million increase in time deposits was primarily driven by higher brokered CD's of $205 million. ▪ Premier Bank deposits grew $90 million (or 37%) from the linked quarter with the weighted average cost of deposits declining 36 bps to 2.28% as of 12/31/25. ▪ Customer accounts and relationships totaled 1,335 (+212) and 357 (+53), respectively. ▪ At 12/31/25, there were 188 opened and unfunded accounts providing a robust pipeline for deposit growth. Deposit Mix Remains Stable ($'millions) 2,081 2,120 2,299 2,215 2,469 1,066 1,052 1,023 1,000 986 1,301 1,337 1,378 1,398 1,413 4,001 4,007 3,845 4,091 4,354 1,617 1,661 1,687 1,732 1,742 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 10,066 10,177 10,232 10,436 10,964 Non-Int. Bearing Int. Bearing Checking Money Market Savings Time Deposits Deposit Beta(1) Up Cycle Down Cycle 42% 22% 8 Cost of Deposits Spot Avg Type of Account Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q4-25 Int. Bearing Checking 2.11% 2.04% 2.02% 2.08% 2.05% 2.27% Money Market 3.00% 2.83% 2.94% 2.75% 2.43% 2.78% Savings 0.72% 0.67% 0.66% 0.63% 0.55% 0.60% Time Deposits 4.18% 3.75% 3.75% 3.74% 3.64% 3.68% Total (incl. non-int. bearing) 2.17% 2.03% 2.07% 2.04% 2.00% 2.13% (1) Deposit beta is calculated as the increase in rate paid on total deposits per quarter divided by incremental increase in the fed funds rate since January 1, 2022. Up cycle is the period from January 1, 2022 to June 30, 2024. The down cycle is from July 1, 2024 to December 31, 2025.

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. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Net Interest Income and Net Interest Margin Trends Net Interest Margin (NIM) NIM Bridge 2.69% Q4-24 2.90% Q1-25 2.91% Q2-25 2.91% Q3-25 2.87% Q4-25 Net Interest Margin Net Interest Income ($'000) 83,329 Q4-24 86,652 Q1-25 87,636 Q2-25 90,657 Q3-25 95,278 Q4-25 Net Interest Income 9 Q3-25 NIM -0.01% Reduction in purchase accounting -0.01% Net impact of subordinated debt activity -0.02% Net other (rates/volumes) Q4-25 NIM 2.91% 2.87% ▪ Net interest income increased 5% from the linked quarter and 14% compared to Q4-24. ▪ NIM decline impacted modestly by both balance sheet mix-shift and repricing trends (reflected as 'Net other'). ▪ Continued tailwind from the growth in lower cost deposits from the Premier Bank teams. ▪ We expect NIM expansion of 3-4 bps Q1-26.

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. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Core Efficiency Ratio(1) Expense Discipline and Focused Investment Core Non-Interest Expense(1) ($'000) 10,328 9,081 10,867 10,517 9,757 2,620 2,425 4,336 3,467 3,579 6,366 6,647 6,808 7,164 7,104 2,517 2,983 2,898 2,826 3,102 6,306 6,418 6,323 7,029 6,701 36,602 36,740 40,242 41,387 40,984 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 64,739 64,294 71,474 72,390 71,227 Compensation & employee benefits Occupancy & equipment FDIC & regulatory assessments Data processing Professional fees Other Opex ▪ Q4-25 core non-interest expenses decreased by $1.2 million (or 2%) from the linked quarter driven primarily by lower compensation in various units including the impact of exiting the title business. ▪ Q1-26 core non-interest expense is expected to remain stable between $70 to $71 million and includes: (i) the impact of savings from our outsourcing initiative; (ii) inflationary increases; and (iii) premium expense related to the credit risk transfer.(2) 10 67.74% Q4-24 65.81% Q1-25 72.28% Q2-25 70.30% Q3-25 68.19% Q4-25 1.90% 1.96% 2.16% 2.12% 1.97% Core Efficiency Ratio Core Non-Interest Expense to Average Assets (Annualized) (1) For non-GAAP financial measures, please refer to the "Non-GAAP Reconciliations" in the Appendix for a reconciliation to GAAP financial information. (2) Other Opex includes marketing, check card processing, amortization of intangibles, and other expenses.

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. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Generating Consistent Returns Book Value and Tangible Book Value per Common Share(1) ($) Core ROAA(1), ROTE(1), and ROTCE(1) ▪ Capital remains strong and above "well capitalized" levels. ▪ Tangible book value per common share increased $0.81 or 4% from the same quarter last year. Capital Management ($'millions) 18.98 19.16 19.34 19.52 19.79 29.08 29.27 28.64 28.81 28.97 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Book Value per Share Tangible Book Value per Common Share 7.51% 7.89% 0.65% Q4-24 7.00% 7.34% 0.62% Q1-25 6.17% 0.53% Q2-25 7.19% 0.60% Q3-25 8.21% 0.65% Q4-25 Core ROTE Core ROTCE Core ROAA 12 12 12 12 12 7 17 9.1% 11.2% 0 Q4-24 9.2% 11.2% Q1-25 8.7% 11.0% Q2-25 8.1% 10.6% 0 Q3-25 8.1% 10.7% 0 Q4-25 Tangible Stockholders' Equity to Tangible Assets (1) CET1(2) Share Repurchases Common Dividend 11 (1) For non-GAAP financial measures, please refer to the "Non-GAAP Reconciliations" in the Appendix for a reconciliation to GAAP financial information. (2) Q4-25 CET1 Ratio – Preliminary Estimate.

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. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Management Q1-26 Outlook(1) 12 Outlook Comments Loans 1-2% growth sequentially • Expecting continued steady growth, subject to unanticipated payoffs. • Growth will be predominately driven by C&I with muted growth on CRE and Construction. • Credit expected to remain benign. Deposits Consistent with loan growth • Maintain loan-to-deposit ratio ~100%. Net Interest Income NIM expansion • NIM expansion expected of 3-4 bps quarter over quarter. • Subject to expected growth and interest rate trends, we expect net interest income dollars to grow in-line with loans. • No rate cuts modeled in Q1-26. Other Income $7 to $9 million • Subject to loan swap activity and growth in services charges. Operating Expenses $70 to $71 million • Reflects the impact of savings from the outsourcing of our residential and title platforms. • Includes anticipated inflationary increases related to compensation and contractual vendor increases. • Includes premium expense related to the credit risk transfer executed in Q4-25. Capital Strong CET1 ratio (>10.5%) • Sufficient capital to fund near-term growth. (1) Management Outlook is for OCFC Standalone and does not include the pending Flushing Financial Corporation merger impact.

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. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Outlook Comments Loans 7-9% growth • Expecting continued steady growth, subject to unanticipated payoffs and supported by our strong pipeline. • Growth will be driven by C&I verticals offset by run-off on the Residential portfolio. • Credit is expected to remain benign. Deposits Consistent with loan growth • Maintain loan-to-deposit ratio ~100%. Net Interest Income > 3.00% NIM • Subject to expected growth and interest rate trends, we expect net interest income dollars to grow in-line with loans. • Three rate cuts (25 bps each) modeled through the year with a terminal upper fed funds rate of 3.00% by Q4-26. Other Income $25 to $35 million • Levels reduced year-over-year related to the outsourcing of residential and title platforms. Operating Expenses $275 to $285 million • Reflects the impact of savings from the outsourcing of our residential and title platforms. • Includes anticipated inflationary increases related to compensation and contractual vendor increases. • Includes premium expense related to the credit risk transfer. Capital Strong CET1 ratio (>10.5%) • Continuing to explore ways to optimize capital in relation to loan growth. Management 2026 Outlook(1) 13 (1) Management Outlook is for OCFC Standalone and does not include the pending Flushing Financial Corporation merger impact.

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. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 14 14 14 OceanFirst Bank Appendix OCEANFIRST BANK \| January 22, 2026

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. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Diversified CRE Portfolio with Conservative Risk Profile ▪ Underlying collateral is diversified. ▪ Low concentration in the Multi-Family portfolio, which represents 7% of total assets. ▪ Maturity wall is modest and has a minimal impact: Our CRE Investor- Owned maturity wall, totaling $1.62 billion (or 15% of total loans), is set to mature in 2026 and 2027 with weighted average rates of 5.01% and 4.28%, for each respective cohort. The impact of repriced loans to-date has been benign. CRE Investor-Owned Portfolio by Geography(3) Notes: • All data represents CRE Investor-Owned balances, excluding purchase accounting marks and Construction as of December 30, 2025, unless otherwise noted. • WA rate includes borrower fixed-rate exposure for loans with swap contracts and excludes any benefit from back-to-back rate swaps • WA LTV represents the weighted average of loan balances as of December 31, 2025 divided by their most recent appraisal value, which is generally obtained at the time of origination. • WA DSCR represents the weighted average of net operating income on the property before debt service divided by the loan's respective annual debt service based on the most recent credit review of the borrower. Footnotes: (1) Other includes underlying co-operatives, single purpose, stores and some living units / mixed use, investor-owned 1-4 family, land / development, and other. (2) Rent-regulated multi-family is defined as buildings with >50% rent-regulated units. (3) Based on location of collateral. 30% 28% 24% 8% NY PA/DE NJ 4% MA 6% MD/DC Other Limited underlying concentration exposure: • NYC rent-regulated(2) multi-family: $27.9 million • NYC Office Central Business District (CBD): $7.0 million 15 CRE Investor-Owned - Collateral Details $'millions CRE: Investor-Owned % of Total WA LTV (%) WA DSCR (x) Office 1,058 21.7% 56.8% 1.75x Retail 1,122 23.0% 58.8% 1.88x Multi-Family 971 19.9% 60.9% 1.52x Industrial / Warehouse 785 16.1% 50.8% 2.06x Hospitality 178 3.7% 46.7% 1.78x Other (1) 759 15.6% 45.0% 1.73x CRE: Investor-Owned 4,873 100.0% 54.9% 1.78x Construction 548 CRE IO and Construction Total 5,421 CRE Investor-Owned - Maturity Wall Balance Weighted Average % of Maturity Year ($'millions) Rate (%) LTV (%) DSCR (x) Loans 2026 778 5.01% 55.5% 1.97x 7.05% 2027 839 4.28% 53.2% 1.94x 7.61% Total 1,617 4.63% 54.3% 1.95x 14.66%

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. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Conservative Risk Profile of CRE IO Office & Construction Portfolio Highlights ▪ 97% of Office & Construction loans are pass-rated (not classified or criticized). ▪ 93% of Office & Construction loans are classified as non-Central Business District loans. ▪ CBD loans comprise <1% of total assets and have a weighted average LTV of 55.5% and weighted average DSCR of 1.73x. ▪ Office portfolio is primarily secured by small properties with 68% of the portfolio secured by properties of 300K SF or smaller. ▪ The average loan size of the office portfolio is $4.9 million with 46% of the portfolio under $1 million and 78% under $5 million. In the above tables, Construction consists of all property segments (e.g., co-op, hospitality, industrial / warehouse, etc.) 16 Notes: • All data represents CRE Investor-Owned balances, excluding purchase accounting marks and Construction as of December 31, 2025, unless otherwise noted. • WA LTV represents the weighted average of loan balances as of December 31, 2025 divided by their most recent appraisal value, which is generally obtained at the time of origination. • WA DSCR represents the weighted average of net operating income on the property before debt service divided by the loan's respective annual debt service based on the most recent credit review of the borrower. CRE Investor-Owned: Office + Construction $'millions Balance % of Office % of Total Loans WA LTV (%) WA DSCR (x) General Office 497 46.9% 4.5% 53.7% 1.83x Life Sciences & Medical 305 28.8% 2.8% 55.5% 1.75x Credit Tenant 256 24.2% 2.3% 64.4% 1.62x Office 1,058 100.0% 9.6% 56.8% 1.75x Construction (all property segments) 548 5.0% Office + Construction 1,606 14.6% CRE Investor-Owned: Office + Construction CBD Bifurcation $'millions Balance % of Total % of CBD MA 45 2.8% 38.1% NJ 42 2.6% 35.5% PA 24 1.5% 20.5% NY 7 0.4% 5.9% Central Business District 118 7.4% 100.0% Non Central Business District 1,487 92.6% Office + Construction 1,606 100.0% Central Business District (CBD): Office + Construction $'millions Balance % of Total WA LTV (%) WA DSCR (x) Credit Tenant 42 35.5% 58.6% 2.12x General Office 34 29.2% 52.8% 1.73x Life Sciences & Medical 42 35.3% 54.7% 1.34x CBD - Office & Construction 118 100.0% 55.5% 1.73x

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. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 0.29% 0.32% 0.51% 0.63% 0.80% 1.43% Northeast Midwest Mid Atlantic Southeast Southwest West COVID-19 Pandemic Hurricane Sandy Global Financial Crisis Northeast Outperforms Through Credit Cycles… ▪ Historically, net charge-offs for Northeastern headquartered banks have greatly outperformed major exchange traded U.S. banks headquartered in other regions ▪ Median net charge-offs / average assets for Northeastern banks averaged 20 bps during the Global Financial Crisis compared to 50 bps for other regions. GFC Peak NCOs 1.1x 1.8x 2.2x 4.9x2.8x 17 Source: S&P Global. Note: Commercial bank reporting is on a one quarter lag. Q3-25 For slide Northeast 0.07% Mid Atlantic 0.10% Southeast 0.11% Midwest 0.08% Southwest 0.05% West 0.04%

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. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Hurricane Sandy Global Financial Crisis COVID-19 Pandemic …With a Similar Story in Commercial Real Estate Portfolios 0.03% 0.04% 0.09% 0.10% 0.11% 0.16% Northeast Southwest Southeast Mid Atlantic Midwest West GFC Peak CRE NCOs ▪ Northeastern banks' CRE portfolio net charge-offs have also historically outperformed major exchange traded banks in other regions ▪ Median CRE net charge-offs / average assets for Northeastern banks averaged 2 bps during the Global Financial Crisis compared to 6 bps for other regions 18 Source: S&P Global. Note: Commercial bank reporting is on a one quarter lag.

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. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Non-GAAP Reconciliations (1 of 2) 19 Non-GAAP Reconciliation For the Three Months Ended December 31, September 30, June 30, March 31, December 31, 2025 2025 2025 2025 2024 Core Earnings: Net income available to common stockholders (GAAP) $13,093 $17,330 $16,200 $20,505 $20,905 Adjustments to exclude the impact of non-recurring and non- core items: Spring Garden opening provision for credit losses - - - - 1,426 Net (gain) loss on equity investments (230) 7 (488) (205) 5 Restructuring charges 7,379 4,147 - - - Credit risk transfer execution expense 1,283 - - - - FDIC special assessment release - (210) - - - Merger related expenses 4,253 - - - 110 Income tax (benefit) expense on items (2,254) (926) 115 49 (388) Loss on redemption of preferred stock - - 1,842 - - Core earnings (Non-GAAP) $23,524 $20,348 $17,669 $20,349 $22,058 Income tax expense 3,754 5,156 5,771 6,808 5,083 Provision for credit losses 3,700 4,092 3,039 5,340 3,467 Less: non-core provision for credit losses - - - - 1,426 Less: income tax (benefit) expense on non-core items (2,254) (926) 115 49 (388) Core earnings PTPP (Non-GAAP) $33,232 $30,522 $26,364 $32,448 $29,570 Core earnings diluted earnings per share $0.41 $0.36 $0.31 $0.35 $0.38 Core earnings PTPP diluted earnings per share $0.58 $0.54 $0.46 $0.56 $0.51 Core Ratios (Annualized): Return on average assets 0.65% 0.60% 0.53% 0.62% 0.65% Return on average tangible stockholders' equity 8.21 7.19 6.17 7.00 7.51 Return on average tangible common equity 8.21 7.19 6.17 7.34 7.89 Efficiency ratio 68.19 70.30 72.28 65.81 67.74

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. . . 0-51-141 0-171-232 0-169-83 0-176-80 238-112-8 144-187-35 Non-GAAP Reconciliations (2 of 2) 20 Non-GAAP Reconciliation For the Three Months Ended December 31, September 30, June 30, March 31, December 31, 2025 2025 2025 2025 2024 Tangible Equity: Total stockholders' equity $1,662,550 $1,653,427 $1,643,680 $1,709,117 $1,702,757 Less: Goodwill 517,481 523,308 523,308 523,308 523,308 Intangibles 9,046 9,934 10,834 11,740 12,680 Tangible stockholders' equity 1,136,023 1,120,185 1,109,538 1,174,069 1,166,769 Less: Preferred stock - - - 55,527 55,527 Tangible common equity $1,136,023 $1,120,185 $1,109,538 $1,118,542 $1,111,242 Tangible Assets: Total Assets $14,564,317 $14,324,664 $13,327,847 $13,309,278 $13,421,247 Less: Goodwill 517,481 523,308 523,308 523,308 523,308 Intangibles 9,046 9,934 10,834 11,740 12,680 Tangible Assets $14,037,790 $13,791,422 $12,793,705 $12,774,230 $12,885,259 Tangible stockholders' equity to tangible assets 8.09% 8.12% 8.67% 9.19% 9.06% Tangible common equity to tangible assets 8.09% 8.12% 8.67% 8.76% 8.62%

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