 NASDAQ: OCFC 1 OceanFirst Financial Corp. John R. Garbarino – Chairman, CEO Michael J. Fitzpatrick – Executive Vice President, CFO SANDLER O’NEILL + PARTNERS, L.P. EAST COAST FINANCIAL SERVICES CONFERENCE NOVEMBER 15, 2012 Exhibit 99.1 |
 2 OceanFirst Financial Corp. OceanFirst Financial Corp. Forward Looking Statements: NASDAQ: OCFC This presentation contains certain forward-looking statements within the meaning of the Private Securities Reform Act of 1995, which are based on certain assumptions and describe future plans, strategies and expectations of the Company. These forward-looking statements are generally identified by use of the words “believe”, “expect”, “intend”, “anticipate”, “estimate”, “project”, “will”, “should”, “may”, “view”, “opportunity”, “potential”, or similar expressions or expression of confidence. The Company’s ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations of the Company and the subsidiaries include, but are not limited to, changes in interest rates, general economic conditions, levels of unemployment in the Bank’s lending area, real estate market values in the Bank’s lending area, legislative/regulatory changes, monetary and fiscal policies of the U.S. Government including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System, the quality or composition of the loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in the Company’s market area and accounting principles and guidelines. These risks and uncertainties are further discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2011 and its subsequent securities filings and should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. The Company does not undertake – and specifically disclaims any obligation – to publicly release the result of any revisions which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. |
 3 110 Years of Growth and Capital Management 110 Years of Growth and Capital Management Began the redeployment of the excess capital rebuilt since 2008 with an October 2011 5% share repurchase plan. As of September 30, 2012, 58,899 shares remain available for repurchase under the current authorization. NASDAQ: OCFC Founded in Point Pleasant, NJ, in 1902, OceanFirst has grown from a small one-town savings and loan to a full-service community bank serving the Central New Jersey shore. OceanFirst issued stock for the first time in 1996 and over the ensuing ten years generated value for our shareholders, largely through the successful implementation and execution of our community bank model, and the strategic repurchase of 62.4% of original IPO shares. Rebuilt capital through the Great Recession with retained earnings and completion of a follow-on common stock offering in November 2009. |
 4 Community Bank serving the Central Jersey Shore - $2.3 billion in assets and 24 branch offices Market Cap $238.6 million (as of November 7, 2012) Core deposit funded – 86.5% of total deposits Locally originated loan portfolio with no brokered loans Residential and commercial mortgages Consumer equity loans and lines C&I loans and lines Corporate Profile Corporate Profile Note: See Appendix 1 for Market Demographic information. NASDAQ: OCFC |
 5 Experienced Executive Management Team Experienced Executive Management Team Executive search initiated in August for the recently vacated position of President/COO Furthering Senior Management Succession Planning Insider ownership of 25.7% is substantial – aligned with shareholders’ interest OceanFirst Bank ESOP 10.2% Directors & Current Senior Executive Officers 8.5% (CEO 5.1%) Director and Proxy Officer Stock Ownership Guidelines OceanFirst Foundation 7.0% As of the March 15, 2012 proxy record date. Name Position # of Years in Banking # of Years at OCFC John R. Garbarino Chairman, Chief Executive Officer 41 41 Michael J. Fitzpatrick Executive Vice President, Chief Financial Officer 31 20 NASDAQ: OCFC |
 6 Our Strategy Our Strategy Positioned as the leading Community Bank in attractive Central Jersey Shore market – growing revenue and creating additional value for our shareholders Offering a full range of consumer and commercial banking products generating diversified income streams Guarding credit quality in ALL business cycles Transitioning the balance sheet with emphasis on core deposit funding and commercial lending growth On the watch for roll-up opportunities presented by in-market “regulatory fatigued” competitors NASDAQ: OCFC |
 NASDAQ: OCFC 7 Solid core operating earnings of $0.31 per share, a 10.7% increase over the prior year quarter (excludes non-recurring severance expense) Strong capital position – tangible common equity of 9.5% of assets Return on average stockholders’ equity was 9.1% Tangible book value continues to grow, increasing 5.0% YTD to $12.19 Nearing completion of October 2011 5% Stock Repurchase Plan Improved credit quality with NPL’s decreasing $2.8 million, or 6.4% YTD Grew core deposits (i.e. all deposits excluding time deposits) $67.2 million YTD, now comprising 86.5% of total deposits Highlights – Highlights – Third Quarter 2012 Third Quarter 2012 NASDAQ: OCFC |
 NASDAQ: OCFC 8 Substantial Primary Market Deposit Share Substantial Primary Market Deposit Share June 30, 2012 # of Dep. In Mkt. Mkt. Shr. Rank Institution Branches ($000) (%) Ocean County, NJ 1 Hudson City Bancorp Inc. (NJ) 14 2,610,613 18.65 2 Wells Fargo Bank NA (CA) 26 2,360,712 16.87 3 TD Bank, National Association (Canada) 21 2,149,131 15.36 4 OceanFirst Financial Corp. (NJ) 19 1,477,780 10.56 5 Banco Santander S.A. (Spain) 25 1,321,262 9.44 6 Bank of America Corp. (NC) 22 1,161,899 8.30 7 Investors Bancorp Inc. (MHC) (NJ) 8 654,369 4.68 8 PNC Financial Services Group (PA) 14 436,177 3.12 9 Manasquan Savings Bank (NJ) 3 252,922 1.81 10 JPMorgan Chase Bank, National Association (OH) 10 230,732 1.65 Total For Institutions In Market 200 13,996,221 Source: FDIC |
 9 Strategic Deposit Composition Transition Strategic Deposit Composition Transition (1) Jumbo CDs have a balance of $100,000 or greater. December 31, 2006 September 30, 2012 December 31, 1996 NASDAQ: OCFC |
 10 Strategic Loan Composition Transition Strategic Loan Composition Transition (1) Consumer and other loans primarily consist of home equity lines and loans. Note: See Appendix 2 for specific portfolio metrics and commercial portfolio segmentation. December 31, 2006 September 30, 2012 December 31, 1996 NASDAQ: OCFC |
 NASDAQ: OCFC 11 Decreasing NPL’s in a Diversified Portfolio Decreasing NPL’s in a Diversified Portfolio Non-performing loan (“NPL”). Data as of December 31, unless otherwise noted. Exposure Concentrated in Lower Risk One-to-Four Family Residential - Primary Bank delivery channel Consumer Commercial Real Estate and Construction Commercial |
 NASDAQ: OCFC 12 Prudently Provisioning for Credit Costs Prudently Provisioning for Credit Costs $0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 $9,000 $10,000 Total Recoveries Charge-Offs - One-to-Four Family Charge-Offs - Consumer Charge-Offs - Commercial Real Estate Charge-Offs - Commercial Provision for Loan Losses 12/31/08 12/31/09 12/31/10 12/31/11 (1) (1) Increase in charge-offs was primarily due to a change in the Company’s charge-off policy to recognize the charge-off when the loan is deemed uncollectible rather than when the foreclosure process is complete. The additional charge-off relating to the change in policy through 2011 was $5.7 million, all of which was previously specifically reserved for by the Company. 9/30/12 (1) |
 NASDAQ: OCFC 13 Effective Disaster Contingency Plan minimized office closures 32% operating the day after the storm 100% operational within 7 days Leadership presence in market – meeting customer needs ASAP OceanFirst Foundation Relief and Recovery Program Pledged $500,000 in grants through local partner non-profit agencies targeting human needs Traditional Risk Management mitigates exposure to credit loss Prudent underwriting in markets we have understood for 110 years Federal flood insurance, private coverage, business interruption Current ALLL provisioning viewed as adequate in spite of storm Assessing exposure on a loan-by-loan basis, as a community bank should (1) What About Sandy? What About Sandy? (1) Refer to flood hazard area portfolio data in Appendix 2. |
 14 Net Interest Margin Net Interest Margin Remaining Under Pressure in Low Interest Rate Environment 2008 2009 2010 2011 2012 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% NASDAQ: OCFC |
 NASDAQ: OCFC 15 Diversified Streams of Non-Interest Income Diversified Streams of Non-Interest Income 2011 Non-Interest Income excludes loss from other real estate operations and gain on sale of equity securities. |
 16 (1) Secondary capital raise restrained ROE Maintaining Attractive Return on Equity Maintaining Attractive Return on Equity NASDAQ: OCFC |
 NASDAQ: OCFC 17 Challenge Today is to Grow Revenue Challenge Today is to Grow Revenue Build Shareholder Value Build Shareholder Value Target growth within existing footprint – building market share Thirteen de novo branches since 2000 have performed well – still present opportunity for additional growth Expanding presence in Monmouth County with a full service Financial Solutions Center in Red Bank to open in Spring 2013 Non-interest income streams have been diversified, ever more important as margin remains under pressure Assessing opportunistic roll-up of community banks in market Share repurchases safely deploy excess capital in the short term Financial performance to Plan builds value and preserves the right to remain independent |
 NASDAQ: OCFC 18 (1) Peers include: DCOM, FFIC, FLIC, HVB, LBAI, ORIT, PBNY, PGC, RCKB, SNBC, STL, SUBK, UVSP and WSFS Note: Financial data as of the most recent period available; market data as of November 7, 2012. Source: Sandler O’Neill. Attractive Valuation Metrics Attractive Valuation Metrics OCFC Peers (1) Valuation Price / Tang. Book Value 109% 118% Price / LQA EPS 11.8x 12.8x Price / Estimated EPS 11.4x 12.5x Cash Dividend Yield 3.6% 3.3% |
 NASDAQ: OCFC 19 Why OCFC…? Why OCFC…? Fundamental franchise value – superior market demographics Experienced crisis tested management team with substantial insider ownership – interests aligned with shareholders Attractive deposit mix and market share Conservative credit culture and profile Solid financial performance – developing shareholder value Strong balance sheet and capital base Attractive current valuations |
 20 THANK YOU FOR YOUR INTEREST IN OCEANFIRST FINANCIAL CORP. NASDAQ: OCFC |
 NASDAQ: OCFC 21 Market Demographics Market Demographics APPENDIX 1 Ocean Monmouth Middlesex New Jersey National Number of Offices 19 4 1 % of OceanFirst Deposits 85.7 11.1 3.2 Market Rank 4 18 34 Market Share (%) 10.6 1.0 0.2 Population 578,728 649,429 794,605 Projected 2010-2015 Population Growth (%) 4.0 2.0 1.8 1.2 3.8 Median Household Income ($) 60,936 82,974 78,561 72,519 54,442 Projected 2010-2015 Median Household Income Growth (%) 15.5 14.3 17.5 14.7 12.4 Deposit data as of June 30, 2012. Demographic data as of June 30, 2010. Source: SNL Financial |
 NASDAQ: OCFC 22 APPENDIX 2 Residential Portfolio Metrics Residential Portfolio Metrics As of September 30, 2012, unless otherwise noted. One-to-Four Family (1-4) Average size of mortgage loans $184,000 Interest-only loans - Amount $41.4 million - % of total 1-4 family loans 4.9% - Weighted average loan-to-value ratio (using original appraisal) 64% Stated income loans - Amount $46.8 million - % of total 1-4 family loans 5.6% Loans in flood hazard area $213.6 million - % of total loans 25.8% - Weighted average loan-to-value ratio (using latest appraisal) 42% Portfolio weighted average loan-to-value ratio (using original appraisal) 57% - Originated for the year ended December 31, 2011 61% - Originated for the nine months ended September 30, 2012 59% Average FICO score 747 - Loans originated for the year ended December 31, 2011 764 - Loans originated for the nine months ended September 30, 2012 766 % of loans outside the New York/New Jersey market 4.9% % of loans outside Ocean/Monmouth Counties 37.2% % of jumbo loans at time of origination 44.4% % of loans for second homes 7.5% Home equity loan and line balances in flood hazard area $38.8 million - % of total equity balances 19.1% |
 NASDAQ: OCFC 23 APPENDIX 2 (Cont’d) Commercial Portfolio Metrics Commercial Portfolio Metrics As of September 30, 2012. Commercial Real Estate (CRE) Average size of CRE loans $765,000 Largest CRE loan $17.8 million (Secured by local university dormitory housing) Total exposure to CRE in flood hazard area $91.5 million - % Total CRE Portfolio 19.2% - Weighted average loan-to-value ratio (using latest appraisal) 44% Commercial Loans Average size of commercial loan $224,000 Largest commercial loan $5.1 million |
 24 Commercial Portfolio Segmentation Commercial Portfolio Segmentation Total Commercial Loan Exposure by Industry Concentration Real Estate Investment by Property Concentration As of September 30, 2012. APPENDIX 2 (Cont’d) NASDAQ: OCFC |