OCFC — what changed in the latest 10-Q
A section-by-section comparison of OCFC's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-01 vs the prior 10-Q · 2025-11-04
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +36 | −44 | ~40 | 30 |
| Market risk (Item 3) | Text added/removed | +1 | −2 | ~5 | 3 |
| Controls & procedures | Text added/removed | +77 | −98 | ~37 | 71 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-01
(4) Performance ratios for the quarter ended March 31, 2026 included a net expense related to a net loss on equity investments, restructuring charges, and merger related expenses of $4.6 million, or $3.8 million, net of tax benefit. Performance ratios for the quarter ended December 31, 2025 included…
•Margin and Net Interest Expansion: Net interest margin increased six basis points to 2.93%, from 2.87%, and net interest income increased by $1.2 million, to $96.4 million.
•Sustained Growth: Total loans increased $91.9 million, a 3% annualized growth rate, and included commercial and industrial loan growth of $105.1 million, a 19% annualized growth rate.
•Controlled Expenses: Non-interest expense decreased by 13%, or $10.7 million, to $73.4 million.
Net income available to common stockholders for the quarter ended March 31, 2026 was $20.5 million, or $0.36 per diluted share, as compared to $20.5 million, or $0.35 per diluted share, for the corresponding prior year period. Dividends paid to preferred stockholders were $1.0 million for the quarte…
Text removed vs the prior filing · source: 10-Q · 2025-11-04
(4) Performance ratios for the three months ended September 30, 2025 included a net expense of $3.9 million, or $3.0 million, net of tax benefit, related to restructuring charges, a net loss on equity investments and a Federal Deposit Insurance Corporation (“FDIC”) special assessment release. Perfor…
•Loan Growth: Total loans increased $372.9 million, representing a 14% annualized growth rate, which included $219.1 million of commercial and industrial loan growth. Commercial loan originations increased 74% to $739.2 million, from $425.9 million in the linked quarter, and the commercial loan pipe…
•Deposit Growth: Total deposits increased to $10.4 billion from $10.2 billion at June 30, 2025. Deposits, excluding $117.7 million of brokered deposit run-off, increased $321.2 million.
•Residential Outsourcing: The current quarter results include the impact of the Company’s strategic decision to outsource residential loan originations and title business. In connection with this decision, the Company recognized $4.1 million of restructuring charges during the quarter and will incur…
Net income available to common stockholders for the three and nine months ended September 30, 2025 decreased to $17.3 million and $54.0 million, or $0.30 and $0.94 per diluted share, respectively, as compared to $24.1 million and $75.1 million, or $0.42 and $1.29 per diluted share, for the correspon…
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-05-01
The net interest income sensitivity results indicate that at March 31, 2026, the Company was modestly liability sensitive, and the measure of EVE at risk decreased in both rising and falling rate scenarios from December 31, 2025 to March 31, 2026. The change in sensitivity between March 31, 2026 and…
Text removed vs the prior filing · source: 10-Q · 2025-11-04
The net interest income sensitivity results indicate that at September 30, 2025 the Company was modestly liability sensitive to rising rate scenarios and modestly asset sensitive to falling rate scenarios. The change in sensitivity between September 30, 2025 and December 31, 2024 was impacted by an …
Overall, the measure of EVE at risk decreased in both rising and falling rate scenarios from December 31, 2024 to September 30, 2025. This was the result of an increase in fixed-rate investments, and an increase in overnight borrowings and short-term time deposits, partially offset by an increase in…
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-05-01
Securities sold under agreements to repurchase with customers67,249 54,434
Preferred stock, $0.01 par value, $1,000 liquidation preference, 5,000,000 shares authorized, no shares issued at March 31, 2026 and December 31, 2025, respectively
Net interest income after provision for credit losses93,709 81,312
Net income attributable to OceanFirst Financial Corp.20,506 21,509
Net unrealized (loss) gain on debt securities (net of tax benefit of $788 in 2026 and tax expense of $788 in 2025)
Text removed vs the prior filing · source: 10-Q · 2025-11-04
Loans receivable, net of allowance for loan credit losses of $81,236 at September 30, 2025 and $73,607 at December 31, 2024
Securities sold under agreements to repurchase with customers64,869 60,567
Preferred stock, $0.01 par value, $1,000 liquidation preference, 5,000,000 shares authorized, 0 and 57,370 shares issued at September 30, 2025 and December 31, 2024, respectively
Less: Unallocated common stock held by Employee Stock Ownership Plan ("ESOP")(1,611)(2,542)
OceanFirst Financial Corp. stockholders’ equity1,652,537 1,701,650
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice