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OceanFirst Financial Q2 Core Earnings, Revenue Decline; Shares Down After Hours
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OceanFirst Financial Q2 Core Earnings, Revenue Decline; Shares Down After Hours
Jul 18, 2024 2:19 PM

04:57 PM EDT, 07/18/2024 (MT Newswires) -- OceanFirst Financial ( OCFC ) reported Q2 core earnings late Thursday of $0.39 per diluted share, down from $0.46 a year earlier.

Analysts polled by Capital IQ expected $0.42.

Revenue for the quarter ended June 30, expressed as the sum of net interest income and total noninterest income, was $93.2 million, down from $101 million a year earlier.

Analysts surveyed by Capital IQ expected $94.4 million.

The company said its board maintained a quarterly dividend of $0.20 per share, payable on Aug. 16 to stockholders of record on Aug. 5.

Shares of the company fell 5% in after-hours activity.

Price: 17.36, Change: -0.92, Percent Change: -5.03

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