NasdaqGS:OCFCBanks
Should OceanFirst’s Residential Mortgage Shift and Cost Cuts Require Action From OceanFirst Financial (OCFC) Investors?
In the past few days, OceanFirst Financial reported 9.5% year-on-year revenue growth with earnings per share matching analyst expectations, while unveiling a plan to shift its residential business by partnering with a national mortgage banking company to originate home loans.
This move to outsource residential loan origination aims to lower operating expenses and sharpen the bank’s focus on higher-growth commercial and deposit activities, potentially improving overall efficiency.
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