OceanFirst Financial Corp 2025年度报告

2025ANNUALREPORT As a financial institution that hasgrown and thrived over the past 30years—and has been in existence forwell over a century—OceanFirst has aproud history of investing in people,products, and technology—along witha sharp focus on deep personal clientrelationships, exceptional customerservice, and prudent capital and riskmanagement. Dear Fellow Stockholders In July 2026, OceanFirst Financial Corp. willcelebrate the 30th anniversary of our initialpublic offering—an event that marked theCompany’s entry into the capital markets andset the stage for our strategic transformationinto a regional banking leader. This milestoneprovides an opportunity to pause and reflecton our progress over the past three decades. OUR GROWTH AS A PUBLICCOMPANY HAS ENABLED USTO EXPAND THE CHOICESAVAILABLE TO OUR CUSTOMERSAND COMMUNITIES, WHILEDELIVERING SIGNIFICANT VALUEFOR OUR STOCKHOLDERS. At the time of our IPO in 1996, the Companyhad total assets over $1.2 billion and eight branchlocations in New Jersey, compared to $14.6billion in total assets and 41 branches alongthe Northeast Corridor at the end of 2025.Our strong growth has enabled us to greatlyexpand the choices available to our customers,adding offerings in commercial business andreal estate banking, treasury management,equipment finance, trust and investmentservices, and the technology to interact with usacross all forms of digital products, among awide array of other solutions. As we write these words, the U.S. and worldeconomies have entered yet another period ofuncertainty, triggered by global and nationalevents, including the conflict in the MiddleEast. This is just the latest reminder that thebusiness environment in which we operate isrepeatedly buffeted by momentous events.In the years since our 1996 IPO, the worldhas experienced the 1997 Asian Debt Crisis,the bursting of the dot-com bubble, the 9/11attacks, a Gulf War, the Global Financial Crisis,and a global pandemic among many otherimpactful events. Looking back even further,since the Bank’s founding in 1902, we haveweathered multiple global wars, recessions, adepression, and even the pandemic of 1918. Inshort, OceanFirst is no stranger to volatile andchallenging operating environments. We also have delivered significant value forstockholders. The Company’s stock price hasrisen 269%, from a split-adjusted $6.67 pershare in the initial public offering to $17.95per share at December 31, 2025. Over thesame period, our market capitalization grewfrom $168 million to over $1 billion. Totalstockholders’ equity has risen considerablysince the IPO, ending 2025 at $1.7 billion, withtangible book value per common share of$19.79. In addition, OceanFirst has paid cashdividends for 115 consecutive quarters, equalto cumulative dividends per share of $7.95.Total shareholder return over our lifetime as apublic company is a robust 440%. And yet, as a public financial institution thathas grown and thrived over the past 30years—and has been in existence for wellover a century—we remain confident in ourlong-term future. What has stood us well overthat time is OceanFirst’s determined focuson several fundamental areas: deep personal 440% TOTAL SHAREHOLDER RETURNSINCE 1996 Christopher D.MaherChairman of theBoard andChief ExecutiveOfficer Flushing Financial: Platform forProfitable Growth At the end of last year, we took one of themost significant steps in our journey toestablish OceanFirst as a leading regionalbanking franchise and to build a platform forlong-term, profitable growth. In December2025, we announced an agreement to acquireFlushing Financial Corporation, the holdingcompany for Flushing Bank, through an all-stock merger. As part of the transaction, fundsmanaged by the private equity firm WarburgPincus LLC committed to make a $225 millionequity investment in the combined Company,providing additional capital to support futuregrowth. The merger is expected to close inthe first half of 2026, subject to customaryregulatory and shareholder approvals. service, prudent capital and risk management,and a sustained commitment to investing innew technologies, products, solutions andopportunities. In this annual report, we highlight OceanFirst’smost recent investments, which have positionedus well for 2026 and beyond. We are proud ofour history of making strategic investmentsin people, products and technology, as wellas in the physical infrastructure to serve keymarkets along the Northeast Corridor, whichis economically vital to the country. In 2025alone, our investments included a successfulexpansion of our presence in New York, theaddition of talented banking professionals inkey markets, the targeted adoption oftechnologies such as artificial intelligence (AI),and the entry into a transformative businesscombination with Flushing Financial, whichshould close later this year. While bank acquisitions are often met initiallywith market skepticism and near-term pressureon stock performance, long-term value isult