NasdaqGS:OCFCBanks
OceanFirst Loan And Deposit Growth Meets Higher Costs And Charge Offs
OceanFirst Financial (NasdaqGS:OCFC) reported its latest quarterly results with growth in commercial loans and deposits.
Profitability was affected by higher expenses tied to outsourcing and merger related activity.
The company also recorded net loan charge offs during the quarter.
For you as an investor following regional banks, OceanFirst Financial sits in the middle of several important trends, including competition for deposits and a focus on commercial lending. The latest update around...