OceanFirst Financial Management
Management criteria checks 4/4
OceanFirst Financial's CEO is Chris Maher, appointed in Jan 2015, has a tenure of 9.92 years. total yearly compensation is $2.93M, comprised of 32.4% salary and 67.6% bonuses, including company stock and options. directly owns 0.62% of the company’s shares, worth $6.40M. The average tenure of the management team and the board of directors is 3.4 years and 5.7 years respectively.
Key information
Chris Maher
Chief executive officer
US$2.9m
Total compensation
| CEO salary percentage | 32.4% |
| CEO tenure | 9.9yrs |
| CEO ownership | 0.6% |
| Management average tenure | 3.4yrs |
| Board average tenure | 5.7yrs |
Recent management updates
Recent updates
OceanFirst Financial: 7% Yield Still Attractive Despite Call Risk
Sep 10OceanFirst Financial (NASDAQ:OCFC) Is Paying Out A Dividend Of $0.20
Jul 23
OceanFirst Financial At Risk Of Treading Water Without Competitive Differentiation
Jul 02OceanFirst Financial's (NASDAQ:OCFC) Dividend Will Be $0.20
Apr 26OceanFirst Financial: The 7.1% Fixed-To-Floating Preferred Remains Very Attractive
Mar 21OceanFirst Financial (NASDAQ:OCFC) Has Announced A Dividend Of $0.20
Oct 24OceanFirst Financial (NASDAQ:OCFC) Will Pay A Dividend Of $0.20
Jul 25Should You Be Adding OceanFirst Financial (NASDAQ:OCFC) To Your Watchlist Today?
Mar 08Ocean First Financial goes ex-dividend tomorrow
Aug 04OceanFirst Looking To Disrupt Large, New Loan Markets And Generate Significant Operating Leverage
Mar 03OceanFirst: NJ Acquirer Focused On Efficiency Improvement
Feb 03OceanFirst Financial (NASDAQ:OCFC) Has Announced A Dividend Of US$0.17
Feb 01OceanFirst Financial (NASDAQ:OCFC) Has Re-Affirmed Its Dividend Of US$0.17
Nov 04OceanFirst Financial (NASDAQ:OCFC) Is Due To Pay A Dividend Of US$0.17
Aug 03We Think Some Shareholders May Hesitate To Increase OceanFirst Financial Corp.'s (NASDAQ:OCFC) CEO Compensation
May 13Is OceanFirst Financial Corp. (NASDAQ:OCFC) The Right Choice For A Smart Dividend Investor?
Apr 06If You Had Bought OceanFirst Financial (NASDAQ:OCFC) Shares A Year Ago You'd Have Earned 48% Returns
Mar 11CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$102m |
| Jun 30 2024 | n/a | n/a | US$97m |
| Mar 31 2024 | n/a | n/a | US$101m |
| Dec 31 2023 | US$3m | US$950k | US$100m |
| Sep 30 2023 | n/a | n/a | US$126m |
| Jun 30 2023 | n/a | n/a | US$144m |
| Mar 31 2023 | n/a | n/a | US$145m |
| Dec 31 2022 | US$3m | US$950k | US$143m |
| Sep 30 2022 | n/a | n/a | US$112m |
| Jun 30 2022 | n/a | n/a | US$98m |
| Mar 31 2022 | n/a | n/a | US$99m |
| Dec 31 2021 | US$3m | US$950k | US$106m |
| Sep 30 2021 | n/a | n/a | US$116m |
| Jun 30 2021 | n/a | n/a | US$87m |
| Mar 31 2021 | n/a | n/a | US$76m |
| Dec 31 2020 | US$3m | US$946k | US$61m |
| Sep 30 2020 | n/a | n/a | US$53m |
| Jun 30 2020 | n/a | n/a | US$84m |
| Mar 31 2020 | n/a | n/a | US$84m |
| Dec 31 2019 | US$3m | US$946k | US$89m |
| Sep 30 2019 | n/a | n/a | US$92m |
| Jun 30 2019 | n/a | n/a | US$91m |
| Mar 31 2019 | n/a | n/a | US$88m |
| Dec 31 2018 | US$3m | US$846k | US$72m |
| Sep 30 2018 | n/a | n/a | US$55m |
| Jun 30 2018 | n/a | n/a | US$44m |
| Mar 31 2018 | n/a | n/a | US$36m |
| Dec 31 2017 | US$2m | US$650k | US$42m |
Compensation vs Market: Chris's total compensation ($USD2.93M) is about average for companies of similar size in the US market ($USD3.24M).
Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.
CEO
Chris Maher (57 yo)
9.9yrs
Tenure
US$2,933,196
Compensation
Mr. Christopher D. Maher, also known as Chris, served as Director of Federal Reserve Bank of Philadelphia until 2024. Mr. Maher has been the Chief Executive Officer of OceanFirst Financial Corp and Bank si...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 9.9yrs | US$2.93m | 0.62% $ 6.4m | |
| President | 4.5yrs | US$2.09m | 0.52% $ 5.4m | |
| CFO & Executive VP | 2.5yrs | US$1.40m | 0.17% $ 1.8m | |
| Executive VP | 8.5yrs | US$1.13m | 0.33% $ 3.5m | |
| EVP and Chief Administrative Officer of OceanFirst Bank | 4.9yrs | US$1.13m | 0.27% $ 2.8m | |
| Senior VP | 4.3yrs | no data | no data | |
| Senior VP & Chief Compliance Officer | 1.8yrs | no data | 0.042% $ 437.8k | |
| Executive VP & Chief of Banking Operations | 2.5yrs | no data | 0.054% $ 562.8k | |
| Senior VP & Chief Information Security Officer | no data | no data | 0.076% $ 792.7k | |
| Executive VP & CRO | 1.2yrs | no data | 0.086% $ 896.3k | |
| President for Greater Washington and Head of Aerospace | less than a year | no data | no data | |
| First Senior VP & Treasurer | no data | no data | no data |
3.4yrs
Average Tenure
56yo
Average Age
Experienced Management: OCFC's management team is considered experienced (3.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 10.8yrs | US$2.93m | 0.62% $ 6.4m | |
| President | 2.6yrs | US$2.09m | 0.52% $ 5.4m | |
| Independent Director | 6.9yrs | US$164.18k | 0.032% $ 331.1k | |
| Lead Independent Director | 6.9yrs | US$189.18k | 0.094% $ 977.5k | |
| Independent Director | 1.2yrs | US$23.75k | 0.0059% $ 60.9k | |
| Independent Director | 5.9yrs | US$163.42k | 0.049% $ 508.3k | |
| Independent Director | 5.5yrs | US$162.33k | 0.019% $ 198.7k | |
| Independent Director | 9.8yrs | US$163.17k | 0.029% $ 300.0k | |
| Independent Director | 4.9yrs | US$162.75k | 0.54% $ 5.7m | |
| Independent Director | 6.5yrs | US$155.92k | 0.026% $ 273.2k | |
| Independent Director | 4.3yrs | US$146.71k | 0.019% $ 192.5k | |
| Independent Director | 1.3yrs | US$23.75k | 0.0054% $ 56.7k |
5.7yrs
Average Tenure
64yo
Average Age
Experienced Board: OCFC's board of directors are considered experienced (5.7 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 11:04 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
OceanFirst Financial Corp. is covered by 19 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Erik Zwick | Boenning & Scattergood, Inc. |
| Manuel Navas | D.A. Davidson & Co. |
| null null | D.A. Davidson & Co. |