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OceanFirst: Q2 Earnings Snapshot
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RED BANK, N.J. (AP) — RED BANK, N.J. (AP) — OceanFirst Financial Corp. (OCFC) on Thursday reported a loss of $3 million in its second quarter.

On a per-share basis, the Red Bank, New Jersey-based company said it had a loss of 4 cents. Earnings, adjusted for one-time gains and costs, were 43 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.

The holding company for OceanFirst Bank posted revenue of $220.2 million in the period. Its adjusted revenue was $131.3 million, which also topped Street forecasts. Three analysts surveyed by Zacks expected $130.4 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OCFC at https://www.zacks.com/ap/OCFC

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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