OceanFirst clears regulatory hurdles for Flushing merger; margin expands, expenses drop 13%

Filed May 1, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 2, 2025 · ~1 min read

Key Changes

• high

  Received all regulatory and shareholder approvals for Flushing Financial merger, expected to close in Q2 2026. Deal adds scale and market presence in New York metro area.

  MD&A: Flushing merger regulatory approvals verify on EDGAR →
• high

  Net interest margin expanded 6 basis points to 2.93% from 2.87% prior quarter, driven by repricing of deposits and FHLB advances. Slower pace than prior year's 21bp expansion.

  MD&A: Net interest margin expansion verify on EDGAR →
• high

  Commercial and industrial loans grew at 19% annualized rate, driving total loan growth of 3% annualized. Provision for credit losses fell to $2.7M from $5.3M year-ago.

  MD&A: Loan growth composition verify on EDGAR →