RED BANK, N.J. (AP) — RED BANK, N.J. (AP) — OceanFirst Financial Corp. (OCFC) on Thursday reported fourth-quarter earnings of $13.1 million.
The Red Bank, New Jersey-based company said it had net income of 23 cents per share. Earnings, adjusted for non-recurring costs, were 41 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.
The holding company for OceanFirst Bank posted revenue of $181.1 million in the period. Its adjusted revenue was $104.7 million.
For the year, the company reported profit of $71 million, or $1.17 per share. Revenue was reported as $404.9 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
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