OceanFirst's Flushing acquisition doubles balance sheet; merger costs hit $37.1M in Q3

Filed November 6, 2026 · Period ending September 30, 2026 · Compared to 10-Q Nov 4, 2025 · ~1 min read

Key Changes

• high

  Net income fell 5.0% to $16.5M, and diluted EPS dropped 43.3% to $0.17, as merger-related expenses of $37.1M weighed on the quarter.

  MD&A: Results verify on EDGAR →
• high

  Total assets jumped $8.81B to $23.37B, driven by the Flushing acquisition, which added $8.69B in assets and $7.11B in deposits.

  MD&A: Balance Sheet verify on EDGAR →
• high

  Non-performing loans rose to $140.7M from $41.3M, and the allowance coverage ratio fell to 150.84% from 196.87%.

  MD&A: Asset Quality verify on EDGAR →