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Posted by
Two Blokes Jul 25 -
Filed in
Stock
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OceanFirst Financial reported a mixed Q2, missing both revenue and earnings expectations, with performance weighed down by rising expenses and asset quality concerns. Loan and deposit growth was positive, but the bank's heavy exposure to commercial real estate loans adds risk and explains the discount to tangible book value. Return metrics and asset quality trends were mixed, with efficiency ratios worsening and return on equity and assets declining compared to prior periods.
