OCEANFIRST FINANCIAL CORP. Files 8-K on Operations & Financial Condition

Ticker: OCFC · Form: 8-K · Filed: Jan 18, 2024 · CIK: 1004702

Oceanfirst Financial CORP 8-K Filing Summary
FieldDetail
CompanyOceanfirst Financial CORP (OCFC)
Form Type8-K
Filed DateJan 18, 2024
Risk Levellow
Pages2
Reading Time3 min
Key Dollar Amounts$0.01, $0.4375, $0.20
Sentimentneutral

Complexity: simple

Sentiment: neutral

Topics: regulatory-filing, corporate-governance, financial-condition

TL;DR

**OCFC filed an 8-K on Jan 18, updating on operations and confirming NASDAQ listings for common and depositary shares.**

AI Summary

OCEANFIRST FINANCIAL CORP. filed an 8-K on January 18, 2024, to report on its results of operations and financial condition, along with other events and disclosures. This filing indicates that the company's common stock, with a $0.01 par value per share, and its Depositary Shares (representing a 1/40th interest in a share of 7.0% Series A Non-Cumulative preferred stock) are both registered on NASDAQ. This matters to investors because it confirms the company's compliance with SEC reporting requirements and provides transparency regarding its financial status and publicly traded securities.

Why It Matters

This filing confirms OCEANFIRST FINANCIAL CORP.'s ongoing compliance with SEC regulations and provides a formal update on its financial health and publicly traded securities, which is crucial for investor confidence.

Risk Assessment

Risk Level: low — This 8-K is a routine filing for reporting financial condition and other events, indicating standard corporate compliance rather than new risks.

Analyst Insight

A smart investor would view this as a standard compliance filing, confirming the company's operational status and listing details, and would look for more substantive financial disclosures in future filings like 10-K or 10-Q for investment decisions.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

What is the exact name of the registrant as specified in its charter?

The exact name of the registrant as specified in its charter is OCEANFIRST FINANCIAL CORP.

On what date was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on January 18, 2024.

What is the par value per share for OCEANFIRST FINANCIAL CORP.'s common stock?

The common stock of OCEANFIRST FINANCIAL CORP. has a par value of $0.01 per share.

Where are OCEANFIRST FINANCIAL CORP.'s common stock and Depositary Shares registered?

Both the common stock and Depositary Shares of OCEANFIRST FINANCIAL CORP. are registered on NASDAQ.

What does each Depositary Share represent an interest in?

Each Depositary Share represents a 1/40th interest in a share of 7.0% Series A Non-Cumulative preferred stock.

Filing Stats: 639 words · 3 min read · ~2 pages · Grade level 10.2 · Accepted 2024-01-18 16:31:13

Key Financial Figures

Filing Documents

02 RESULTS OF OPERATION AND FINANCIAL CONDITION

ITEM 2.02 RESULTS OF OPERATION AND FINANCIAL CONDITION On January 18, 2024, OceanFirst Financial Corp. (the "Company") issued a press release announcing its financial results for the quarter ended December 31, 2023. That press release is attached to this Report as Exhibit 99.1.

01 REGULATION FD DISCLOSURE

ITEM 7.01 REGULATION FD DISCLOSURE The Company is scheduled to make presentations to current and prospective investors after January 18, 2024. 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 www.oceanfirst.com . This report is being furnished to the SEC and shall not be deemed "filed" for any purpose.

01 OTHER EVENTS

ITEM 8.01 OTHER EVENTS In the press release described in Item 2.02, the Company announced that its Board of Directors declared a quarterly cash dividend of $0.4375 per share for every depositary share, representing 1/40th interest in the Series A Preferred Stock, payable on February 15, 2024 to stockholders of record on January 31, 2024. 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 16, 2024 to the stockholders of record at the close of business on February 5, 2024.

01 FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) EXHIBITS 99.1 Press Release dated January 18, 2024 99.2 Text of written presentation which OceanFirst Financial Corp. intends to provide to current and prospective investors after January 18, 2024.

SIGNATURES

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. OCEANFIRST FINANCIAL CORP. Dated January 18, 2024 /s/ Patrick S. Barrett Patrick S. Barrett Executive Vice President and Chief Financial Officer

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