![]() WELCOME TO THE 2013 ANNUAL MEETING OF SHAREHOLDERS OceanFirst Financial Corp. MAY 8, 2013 Exhibit 99.1 |
![]() OceanFirst Financial Corp. 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 expressions 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 its 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, the level of prepayments on loans and mortgage-backed securities, 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, 2012 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. |
![]() 2012 YEAR IN REVIEW John Garbarino Chairman & Chief Executive Officer |
![]() Disaster Recovery Plan Disaster Recovery Plan • • Restore Restore operations operations – – avoid avoid adding adding to to residents’ residents’ woes woes Assessing and providing for financial Assessing and providing for financial impact on Bank impact on Bank OceanFirst Foundation and Bank in OceanFirst Foundation and Bank in leadership role leadership role • • “Extraordinary Community Banking” “Extraordinary Community Banking” Superstorm Sandy Superstorm Sandy |
![]() Third Third consecutive consecutive year year – – earnings earnings over over $20 $20 million million • • $8.6 million quarterly cash dividends $8.6 million quarterly cash dividends • • $11.9 million share repurchases $11.9 million share repurchases • • Healthy 9.69% capital ratio Healthy 9.69% capital ratio • • Delivering on mission to build value Delivering on mission to build value Need to remove uncertainty and restore growth to have Need to remove uncertainty and restore growth to have performance reflected in share price performance reflected in share price Financial Financial Performance Performance - - 2012 2012 |
![]() 2013 Business Focus Christopher Maher President & Chief Operating Officer |
![]() Address Net Interest Margin (NIM) Compression by Address Net Interest Margin (NIM) Compression by establishing stronger loan growth establishing stronger loan growth Commercial Lending (Commercial Real Commercial Lending (Commercial Real Estate and Commercial and Industrial) Estate and Commercial and Industrial) Consumer Lending/Home Equity Consumer Lending/Home Equity Residential Lending (1-4 Family Adjustable Residential Lending (1-4 Family Adjustable Rate products) Rate products) Support Sandy Recovery Efforts Support Sandy Recovery Efforts Focus on Loan Growth Focus on Loan Growth |
![]() Fee Income - Fee Income - Trust Services Trust Services Trust Services Launched in 2000 Trust Services Launched in 2000 $170 Million in Assets Under Administration as $170 Million in Assets Under Administration as of 12/31/2012, a 10% increase from 12-31-2011 of 12/31/2012, a 10% increase from 12-31-2011 $1.5M in Trust Fee income for year ended $1.5M in Trust Fee income for year ended 2012, a 30% increase from 2011 2012, a 30% increase from 2011 Focused on providing quality advice and Focused on providing quality advice and services to clients typically under-served by services to clients typically under-served by national providers national providers |
![]() Fee Income – Fee Income – Card Services Card Services Card Services Include: Card Services Include: ATM ATM Visa Debit Visa Debit Merchant Merchant $4.2M in 2012 Card Revenue, a 12% Increase $4.2M in 2012 Card Revenue, a 12% Increase Over 2011 Over 2011 UChoose Rewards Program Leverages UChoose Rewards Program Leverages Underlying Consumer Trends Underlying Consumer Trends |
![]() Red Bank Financial Solutions Center Red Bank Financial Solutions Center Grand Opening May 11, 2013 Grand Opening May 11, 2013 Serves Greater Red Bank Serves Greater Red Bank Regional Hub for Northern Monmouth Regional Hub for Northern Monmouth On-Site, Full Time On-Site, Full Time Retail Services Retail Services Investment Professional Investment Professional Trust Officer Trust Officer Commercial Lender Commercial Lender Residential Lender Residential Lender |
![]() QUESTIONS AND ANSWERS |
![]() THANK YOU FOR ATTENDING THE 2013 ANNUAL MEETING OF SHAREHOLDERS OceanFirst Financial Corp. |