CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
Interest income:
Loans	$ 141,847	$ 136,635	$ 410,344	$ 409,805
Debt securities	17,156	19,449	50,376	58,349
Equity investments and other	3,191	5,441	10,002	14,399
Total interest income	162,194	161,525	470,722	482,553
Interest expense:
Deposits	53,246	62,318	156,565	182,244
Borrowed funds	18,291	16,988	49,212	49,603
Total interest expense	71,537	79,306	205,777	231,847
Net interest income	90,657	82,219	264,945	250,706
Provision for credit losses	4,092	517	12,471	4,222
Net interest income after provision for credit losses	86,565	81,702	252,474	246,484
Other income (loss):
Bankcard services revenue	1,663	1,615	4,745	4,602
Net gain on sales of loans	900	505	2,935	1,282
Net (loss) gain on equity investments	(7)	1,420	686	4,230
Net gain (loss) from other real estate operations	1	0	(275)	0
Income from bank owned life insurance	1,988	1,779	5,626	5,367
Commercial loan swap income	1,703	414	2,530	793
Other	482	2,471	3,008	4,768
Total other income	12,304	14,684	35,290	37,955
Operating expenses:
Compensation and employee benefits	41,387	35,844	118,369	101,739
Occupancy	6,098	5,157	17,049	15,531
Equipment	931	1,026	2,721	3,224
Marketing	1,538	1,385	4,187	3,550
Federal deposit insurance and regulatory assessments	2,616	2,618	8,497	8,438
Data processing	7,164	5,940	20,619	17,914
Check card processing	1,170	1,153	3,496	3,278
Professional fees	3,467	1,970	10,228	6,863
Amortization of intangibles	900	803	2,746	2,457
Merger related expenses	0	1,669	0	1,669
Restructuring charges	4,147	0	4,147	0
Other operating expenses	6,909	6,171	20,036	16,365
Total operating expenses	76,327	63,736	212,095	181,028
Income before provision for income taxes	22,542	32,650	75,669	103,411
Provision for income taxes	5,156	7,464	17,735	25,183
Net income	17,386	25,186	57,934	78,228
Net income attributable to non-controlling interest	56	70	49	72
Net income attributable to OceanFirst Financial Corp.	17,330	25,116	57,885	78,156
Dividends on preferred shares	0	1,004	2,008	3,012
Loss on redemption of preferred stock	0	0	1,842	0
Net income available to common stockholders, basic	17,330	24,112	54,035	75,144
Net income available to common stockholders, diluted	$ 17,330	$ 24,112	$ 54,035	$ 75,144
Basic earnings per share (in dollars per share)	$ 0.30	$ 0.42	$ 0.94	$ 1.29
Diluted earnings per share (in dollars per share)	$ 0.30	$ 0.42	$ 0.94	$ 1.29
Average basic shares outstanding (in shares)	57,031	58,065	57,599	58,405
Average diluted shares outstanding (in shares)	57,036	58,068	57,602	58,407
Trust and asset management revenue
Other income (loss):
Revenue	$ 384	$ 384	$ 1,164	$ 1,329
Fees and service charges
Other income (loss):
Revenue	$ 5,190	$ 6,096	$ 14,871	$ 15,584

OCEANFIRST FINANCIAL CORP 10-Q