OCFC - Earnings call transcript Q2 2022 | OceanFirst Financial Corp.

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Operator

Good morning. Thank you for attending today's OceanFirst Financial Corp. Earnings Conference Call. My name is Bethany, and I'll be your moderator for today's call. All lines will be muted during the presentation portion of the call with an opportunity for questions-and-answers at the end. now Jill pass Corp. Hewitt would to conference I host, our with Instructions] like the to over [Operator OceanFirst Financial go ahead. Please

Jill Hewitt

We based joining contain our begin including release Officer Please of at you Chairman current Thank Christopher host, you Financial statement Corp. on other the call Senior you. could differ and risk factors morning, disclosure. Good Executive -- OceanFirst Thank Chief forward-looking Maher. now, where call and President us. we our statements. with to cause still for forward-looking will And find Vice the Relations you, refer many Hewitt, over XX-K, morning's materially I'm I press remarks to to forward-looking remember turn Officer, public from Investor and and actual results our statements factors that We today filings Jill this Bethany. expectations. in will these all thank our that our will

Christopher Maher

Thank second quarter morning you, Officer, our I'm conference Chief This call. Joe and to earnings joined our to been morning, able Barrett. Lebel; Jill, Financial all, our XXXX join President, who've Pat and by good

our as April Mike June team Pat resumed his and role Fitzpatrick. recall may upon the You Chief joined on Officer of Financial in X, retirement

Pat's earnings this season quarterly first So is with us.

to for remarks are regarding and As with morning, quarter in brief some always, our color interest we for provide discuss business. financial the about the our results pleased and your provide performance and our This we'll operating then the outlook appreciate you. performance

website. may during an investor the earnings on refer to to After issued taking presentation our discussion, the questions. reminder, look our call. night, available slides in we forward your last a addition As those is also We to company's release

quarter reflect items and $X.XX growth, charges Core to second share to a primarily branch diluted benign to unrealized and equity $X.XX. extent reflect of Earnings mergers. margins and adjustments for per GAAP non-core on expanding per conditions. lesser earnings positions strong financial results were closures stock loan mark-to-market earnings valuation share the and included Our credit related related preferred

capital to Turning management.

earnings performance, is common the XXXnd dividend XX% reflecting company's of our cash to repurchased quarterly the cash weighted with consecutive quarter or momentum This XX% modestly XXX,XXX investment repurchase per in share second average share. common a to increased and marks acquisition quarterly strong Board $XX.XX, the outpacing earnings. of related increased company's business. company's a and to activities $X.XX by insurance core at per of represents shares our Title repurchases equity the Given cost portfolio, the during the The share interest Tangible AOCI Trident share continued $X.XX dividend $XX.XX.

will balanced the rules reflects Our is of the against repurchase limit appetite current available company acquisition. initiatives regulatory for the for shares be share that deploy opportunities the review growth while trading and Partners X.X shares program. in million under to able There are retire capital repurchases the to Bancorp number awaiting

to company provide closing the XXXX, we Bancorp merger a not schedule information requested. completed. Until the are we may do the the applications continues approvals additional submitted all process regulatory announced be and all Partners the when Regarding necessary for cannot time, November closing. met, the from as and this regulators acquisition customary At in timeline has have conditions

for year. provide million quarter of asset-sensitive this X of margins. the Net basis a quarter We Two points drove should loan growth net remainder balance or of and another expect margin $XXX by basis to elevated for Turning interest margin. points our to experienced for improvement, XX tailwind which expanded level $X.X the and fees sheet of the prepayments X.XX%. slow million income and prepayment to of factors

than the average higher loan portfolio end of quarter billion. $X.X the First, second $X.X $XXX quarter million of was billion

the margins and quarter, strengthen third And third benefit increases opportunity a rates which Second, billion the year. remainder provide that to increase. will held perhaps rate $X.X rate for the the the the case floating as quarter in in The of time of repricing experience should from loans, company is be the lag.

coming million could million of interest in quarter. but income, purchase Trident of quarter operations, the for So be included completed April million the X. expand in resulting was non-interest non-interest and flat positive expense in be Trident or which The $X.X trends of the net Title of for our quarter, income expenses income a overall. $X.X and on Agency $X.X full quarters, Core non-interest added NIM of should non-interest Abstract

a these reflect So figures full quarter impact.

our of core $XX.X banking expense quarter. resulted than to also lower like provide operations Trident, to million, color $XXX,XXX where improving expenses Excluding the to modestly additional regarding prior management some operating in impact expense the disciplined related trends. I'd

to base the would noted by impacted of The purpose a award team quarter. increased Bank almost captured increases As earnings in per million our our I for almost our not support to our typical are of over members inflationary at paid XX% salaries release, employees not annual most impact $XXX,XXX this is one-time X% employees add financial will quarter's by $X.X and or who be for this results OceanFirst. challenges. compensation in XX% the

the them. provide in commitment understanding to talent-led competitive Our our employees advantage. an they business their our investment and demonstrates our team It a of families challenges reinforces and company our This speculate contemplated the simply the facing XXXX. No compensation it's XXXX. of are of for for And economic to current labor remainder early expense are pressure during the level cycle. too actions on additional is

has to program comprehensive our expense company's base. ability of our improved Fortunately, consolidations the manage overall multi-year branch and

At color expense quarter to our rate over operating point, I'll the the turn some quarter. captures during call our remainder year. for this expected to second core of Joe provide run progress the the The regarding

Joseph Lebel

of with $XXX closings loan million. commercial loan had commercial growth originations portfolio in million, driven The relationships. million banking strong Chris. by quarter another Thanks, $XXX fueled net growth $XXX by Total were

After has of $XXX talent commercial year Boston office, the book our to loan of one built in the crested loan in opening million nearly New in our and York billion impact growth $X.X of last are its segments Our region XX from the continued while base. rising decision in see legacy testament a investment of the expansion $X months, our portfolio, certain meaningful we rates in making a over our loan of affecting starting billion to customer markets. region the

I of discipline pricing, for million structure for loan loan bank, seasonal Our at year, $XXX the pipeline the measured and our the grow growth traditional also noise of maintain past some said, of I we rest range providing At can responsibly appetite. be credit expect $XXX more our the as book residential choppy QX slow, of prepaid end we is growth quarterly and originations also economic typically QX in the of could moment, but the expectation uncertainty. our reflects although speeds the have the low expect we offset. looking million visibility will supply given at where the and less That chains, much of and in pipelines some moderate times. rates, the to

Turning deposits. to

seasonality Our the loan-to-deposit growth in ratio coupled XX.X% due ticked the due upwards decline quarter classes. to XX.X% with to certain deposit in to linked the traditional from loan prior

pressure. we notice deposit took to cost action You'll near-term against protect

deposit year-to-date. growth remainder of charge-offs just the of June trends, and In with year. duration with duration recoveries of low accomplished than elected we complete has risk advantage rotation the XX. expect the delinquencies, lower funding some deposits traditional FHLB anomalies PCD just $XXX for to experienced basis and our The to of very CD characteristics the pricing million risk gained and market advances. Loan since brokered total at assets. with is the of positive non-performing Credit we rates in of portfolio remained normal assets, also return equivalent net to and with are term-based healthy laddered trends quarter, $XXX maturities. XX company sources duration We portfolio seasonal extension of realizing rate points certificates. took for the market-sensitive strategy keeping the the loans duration replace of floating benign brokered $XX,XXX issuing million rating excluding of During by net the The net $X,XXX trends a CDs quarter in Bank with

the our the by periods. The that loan loan was estate of quarter for much qualitative as our net our property balance on other future with economic for company, first carry owned a factors a do single reflect primarily history growth For loss reserve the remaining potential provision public of sheet. not time form driven in in the of we real in uncertainty

With mentioned, first million quarter turn to in Trident non-interest million per on a interchange July notion additive Chris roughly for it back a offsets income This Durbin quarter, of a as to loss revenue -- partially net its As I'll attributed Xst. subsidiary. by Chris. was basis to began $X.X on that, the and to which $X.X net

Christopher Maher

question-and-answer our begin now We'll call. Joe. of Thanks, right. All portion the

Operator

Perito go first the [Operator line ahead. from Instructions] of Please Our question Michael KBW. comes with

Michael Perito

guys. for Good questions. taking my Thanks Hey, morning.

Christopher Maher

Good morning, Mike.

Michael Perito

few I it's the just release minutes it much, so something you share the I'll I I'm apologize. leave can regarding a quite beyond what's that I bit. not partnered I just But, guess late, ask. the latest a And, I press Chris, did hop yeah, transaction? there. on sure missed wanted but to

Christopher Maher

minds over everybody's And the have as best on we a minds, appreciate a continue is that's can I that approval know work Unfortunately, we're don't our the I just process question, to and can through give receive it's respectful as Yeah. timeline and when share we thing might them. being that's await I about and I only regulatory and try can. to on we I Mike, that well.

Michael Perito

of the it like, would Can it you remind us though, in that contract, required to duration negotiating actual what or merger kind the ran through when be of was expansion? terms

Christopher Maher

Yeah.

contract of before would or consummate X this the to for the on call year. So transaction us November

Michael Perito

challenging, sounds run obviously, half Helpful. guys it. that sure second items, continue, I should a now right. you want obviously kind of for other I some level expense salary or the back of are did Got And of just guys like on year but rate I mishear the environment heard decent think then, working of higher near-term quarter run reflects I it the the It the benefits heard at is make ex-partners, you and to commentary, do rate be is that? the Okay.

Christopher Maher

in is good and kind every quarter, calls materially experience that. a roughly be than things That's about, take as puts would that, think that. QX going to there that's bit we some and the what No. guide. you like -- second we some we to little might It if on not but The going QX. obviously of But it's higher a there quarter, is different than think in be

Michael Perito

then just for step and me then lastly And up. I’ll Okay.

pretty a capital the but ratios, despite cap more have I position insulated guys sitting guys And you been than growth. the strong of line, you peers impact. are the some front, guess on little are AOCI as still regulatory in in there I Just loan a today terms the bit know bottom

assume of stock to certain it the to buybacks is here continue potential the fair buy So that or your the in to back deal half back will does a ability extent year? impact near-term

Christopher Maher

We be pipeline earn is backs loan still appetite that kind appetite low, seasonally buybacks. have growth its I what always of year. be. an to low point the trading, where the and a But this guess at be Joe the we're how by going informed I had strong for mentioned characterize to our would of buyback is from that

is we good really can't conversations may loan want good QX. much much see shape. give think the in do We Obviously, in how QX be thing we we've got I around But to forward, with looking bank. guidance demand the will So grow best clients.

The we shareholders. for use it second to have the return to thing, capitals if the best don't

back And and still sorry, growth, can watching closely We're grow internally we're for but we with capital there but at an appetite good consumption we watching points the I'm capital. buybacks -- what at just to we clip use growth. ratchet to decide appetite organic of may buybacks. it fund be for have So which our generated an a closely and

Michael Perito

Difficulty] All [Technical right.

Sounds good. good Have taking questions. my Thanks a for weekend.

Christopher Maher

Mike. Thanks, right. All

Operator

with Group. Mr. you, Perito. the Hovde Please go line of Bishop ahead. David question The Thank next comes from

David Bishop

you? are How Chris. morning, Good

Christopher Maher

Dave. morning, you? Good are How

David Bishop

serves that it regard net Hey, in a yields interest the your near-term -- regards the of pipeline it the bit of little Obviously, good. like commentary, the the maybe plays addition cycle end deposits we with maybe I'm like to loan but for the if looks over “asset outlook $XXX cautiousness are the basis sounded margin. at million get current it over year-over-year, points like next the year. near and by brokered maybe sensitivity” the tail of out term of the XXX up

Christopher Maher

It short-term. in may, a the little bit

the immediately, month, through there're some think unlike the of book at the increases quarterly the adjust happens repricing. I is, what end some other not places, rate course our roll loans loan a some of may over sometime, have

as just sensitivity which is a plateau will look, resumed you don't in it that. we're QX, asset expansion. it fully expansion kind And then watching is it QX we little it to in but might question material the expansion see So an be there, of whether after be closely, show a expect and a may

David Bishop

then rest And but terms terms maybe here, for even of initiatives just in the And it. the of new maybe then Got you're potential the further pipeline there, of curious Thanks. Market? Boston market to the relative book? expansion seeing what the Greater in

Joseph Lebel

So happy we've five in good over because The refer is year I morning, and at and $X $X.XX billion, and continue Philly They years York with the Dave. now in well an a over for both done between right, $X impressive Baltimore pipeline and far. an number. and billion. New healthy Boston's, New those Baltimore as We're outstanding, to markets, for them really Boston what billion four York they're so have to this been have legacy

we million not earlier think to morning quarter XX-year a in quarter, seeing rates, XXXX. forever more more made People I that that you that But quarter. depending December out, clients we're a can pretty benchmark, made the little they're was just just know I on these question murky what overly our bit this little confident But $XXX has rates I where which years get ago. rates are just think little annualized a an out clients we we're a of had our sort going -- than but comment So a forward. on want going a is we do don't while going -- because [indiscernible] concerned. we maybe some more in haven't overall, to acting Visibility, they -- seen bit X% four in bumpy like X.X of basis, become fall

customers of So acclimate sort fairly quickly.

David Bishop

Got it. Appreciate the color.

Operator

from Bishop. Matthew go the Please next Our Instructions] Stephens comes Breese question Mr. Thank [Operator Inc. you, with line of ahead.

Matthew Breese

Good morning, guys.

Joseph Lebel

Good morning, Matt.

Matthew Breese

Joe. Hey,

end could a long growth Just we consider in -- growth on view? just kind be of lumpy. I'm understanding it's just should through should of thinking, robust million $XXX through it growth, that or pace of your the per quarter we contemplate for year-end that year 'XX How still

Joseph Lebel

a have bit about and it is down, the noise in I market further downs, new having CRE think, slows how don't up, I and markets engines picks in would used down look, picks region C&I -- before little I a varying I I at a know down regions in quarter-by-quarter. CRE our maybe even you in property visibility. had areas say that. we country forecast is the thing to The up. chains -- is economics, look that when C&I or supply

measured talking the We're did So all we structure. our bullish. folks credit we feel pretty a time take fairly to and in approach

the impacted short-term pipeline that's a probably think I bit.

little think that's lumpy I concern. I be a think don't fast think near-term but concerned not I I'm but it. disciplines, might holding it a but that's we're overly to don't

Matthew Breese

Okay.

Christopher Maher

right we changes credit take. we're see risk a pricing because and difficult conservative we get now the to going paid really It's shop. for always We've the [indiscernible] been

it's pricing hard to cut, those our the our things So impact which That and always grow. whether may careful. been ability two I tell to think is of credit

but the than think far as bias number, can that to number hit underperform I So overperform as be that we we number. can rather we say that see, would might that

Matthew Breese

you're asking stipulations portion In more better have second taking look the more are aside like at look you Are of it then you've second that a if what ways And sounds a borrowers? become which And game how conservative, I'd curious for Understood. things. you're you capturing underwriting there from the yield, in taken more a you from perhaps in be portfolio is place? ones. skin at? putting the just

Christopher Maher

I ask for equity. think always for Matt, us, -- for always we we're

are the think portfolios And as in expect are I at increases. CRE given especially space. stressing property We would rates types rate higher the you important,

and of looking we we one mean, Everything very a few with industrial, a knows years. the Everybody some because going remote has So harder in at because is last little is expirations office, same to few hear well. think retail. retail lease at office of space go a consolidation that's everybody no a years I in on crowded hybrid as and work, work some at jumped in I look become space. the what's

what be no from you pricing think you perspective, need something and I credit make there don't pick do a is only is perspective but where to choose in from not there money. a

confident. I -- fairly but So we're think

Matthew Breese

to much opposite $XXX curious I'm upper be Okay. And the growth. be then, on we that how through And about kinds What What million ratio, turning balance loan then done that should supporting side in how sheet of XX% of can that? growth? loan-to-deposit the deposit just an maybe thinking on of the deposits? -- limit

Christopher Maher

Joe we'll made make comments. some but how of general kind some additional thoughts deposits, get I'll on those

the for do. we with thing to the that deposits right most funding First, growth is loan think part,

that's we is. can quarters. generally position in grow what we future So our And think the deposits

we Now, we're have pay certain little or a but have may for to prepared do we products bit that to or that. rates, more to may offer

valued the a like increases wholesale good loan-to-deposit it now. funds are some that's Fed we year you ratio, foresee lean lower peak think or In later where if a very XXX% at And said, like banks on would be loan-to-deposit terms to And next that might right ratio. unusual something generally the year that early the that in could faster. may that reprice or to strategy That cycle be. that or traditionally rate we have going of most I on

not but to have going into XXX% we're turn going just a it's not company a that's things to going to loan-to-deposit two ratio, So us. balance off, we're those

just we're this and that. good to lot we've to our a that on emphasizing talking more at morning and officers In we're going and deposit gathering time always attention been spend fact,

out while a that since we little need balance So in we can it engine.

Matthew Breese

Got it.

Joseph Lebel

we're bit both the going folks, go hard both deposits. First retail of time, positive. the same And We've at our are side. going it lending time all going couple long think think in years in our actually I actively to I sides, Matt, at able at our with liquidity. especially about We've right? folks four been to start are last from on it be chomping the a the out to excited But books, been looking excess

Christopher Maher

see function. biggest the we right we an right our technology. would last is in have deposit growth single place. got the We've place few The is engine got years. the corporate in that We've the right people treasury built That over

going hard. push we're that So pretty to

Matthew Breese

Okay. these contrast halfway And one hiking beta on would beta have then the to expectations along deposit and compare mark you last? versus the just pass expectations to how last what It's be that and cycle for the the around seems lines. cycle, now rate

Christopher Maher

cycle Matt. different, Every is

predict try and hesitate some I checking this mix XX% will our deposits, some So of play accounts. are I'd checking core, majority accounts, to and will the interest say exactly. not them bearing of almost the that how vast given all out but

and thus that right seen faster the said, as seen in don't be loan in we'll deposit the the moving we And second deposits than more than of took do. what are call highly third quarter. of are pressure have we've that -- higher positive second that. We far. will noted yields other now, rates quarter than that But more on accounts little think priced flows care going the remarkably and to I That last than But materially of expect be quarter. -- on it Other group to that. sensitive we the clear outperform price we less the the group side on

margin -- come think don't not compression. cost about deposit But we're you'll we up. So concerned you see

Matthew Breese

Got it.

for I'll my it leave questions. it. Okay. taking there. appreciate I Thank you

Christopher Maher

Matt. Thanks,

Operator

Thank you, Breese. Mr.

D.A. Our ahead. next question comes Davidson. from Navas go the line with Manuel Please

Manuel Navas

little perhaps of do you seeing that you on informing fourth the being shortened different Thinking are which loan that imposed a kind Good a be you market? think Or morning. is view than could customer higher quarter some the expectations? the is about by greater outlook, the things that base

Christopher Maher

probably have that same the sure I'm view.

or what when get, about think in has markets there demand in in we that for to seeing I think material credit the could economic decrease we're been market, the change. not activity a our

and exactly our to will structures are about able little we'll many talked to be to stick out. pricing, to It we of understand pricing here those pull structure However, a take we while going how deals and requirements.

going So structure, to is Is my fair the rate it is about Joe? caution kind it not of… demand more falling market on depending deals off. we're share get Is the that and

Joseph Lebel

fair. Yeah. That's

Manuel Navas

my following competition different guess, it greater up you on to So in that. is markets? in terms structure I pricing going be that's and seeing Are of question. different and next

Joseph Lebel

I similar. is I think Sure. mean the competition

significant I we the think growth said, the on. year. we in last purposefully kind deals We had had know put of we've

We a structure. we're And more aggressive the today. of kinds also I think bit little a aggressive little is the deals over know seeing market definitely pricing in in

So in the I'm we for concerned are us, scope. overly similar in all their not have think ability market, markets I think I can work, one they select any to choose.

think pipeline I quarter-end, time seeing time. we're is it's that. remember to in that since to point see. are And we understand so. seeing what just folks you're a disciplines, pipelines in We a is our The improved point expected So what hold

Christopher Maher

Just although, that the deliberately are we for and did point in. Northeast one more people XX we here. very about make fortunate, the in this This it's us, we're uplift million market market

market. We very modest a that in player are

from going in we be matter different It's has make expect is be in tremendous -- his ability economy, economy to are risk we fall about Joe I to a And asset the significant is selection. what choices demand So, a where of regional that conditions so different classes. operating that less going and don't loan off. have change we to or quarter-to-quarter aggressive more geographies a

Manuel Navas

close? it. if your a How for question appreciate I quickly, Kind of modeling. that. deal Got could you get tricky approvals, regulatory

Christopher Maher

weeks, shareholder in typically, you election measured thing is close a get final should you be could have if it through, we two approvals, There we but secure work in weeks. to weeks. should approval, Well, three regulatory

Manuel Navas

That's helpful. you. That's today. Thank it you. Thank for

Operator

Group. Instructions] David Thank go from the you, a with Bishop follow-up Next Navas. is question Please Hovde Mr. [Operator line ahead. of

David Bishop

Chris. Hi,

Just the the checking interest-sensitive accounts. a funding guess, I of you the one-off discussion on side. deposit and mentioned those

the those from? accounts Just curious, acquired growth? what's generated curious where of of those? were genesis via Just acquisition deposit those Were sort organic

Christopher Maher

So is our treasury all, first group granularity. -- a a corporate of great has

So we have when have at different through It a wanted almost was to product cash least who very and like balances with happy optimize funds rate either customers, segment those one XX,XXX sensitive or were They we management were us. small customers was of that. suites point. them quarter Fed to a their things have

them, So put CDs would to if we we in And them keep lower at could than fact on. elected keep have the interestingly, a kept them. to we cost have elected we

knew we close to match, However, it having XXX% be of in been would not we would to cycle have the beta, but it.

defined and something said, we a them replaced with but deposits, rotation that a completed. we beta portfolio duration, more what they need don't has -- little that very what's XXX% been these So were has

So don't beyond concern have that. we that

David Bishop

Got it.

guys So outflows (ph) I here, to this have there. any in obviously the winning you aggressive isn't a this sort branch of isn’t network been related know case,

no sounds attrition from like terms in what deposit said from closures. it issues but So of -- you branch

Christopher Maher

mentioning Dave, That's thanks No. it. point, good a for really

the peaked again. attrition of really, really And growing retention probably track we end they we by those in of fact, -- branches deposit began And January, given history. our did December then even closures, carefully kind the March. and In

within was it and range what again So the well we of -- expected.

not branch efforts. is to related So consolidation this the

David Bishop

as lot build (ph) Coast studio that out Got or at there then out about approved? East as boards that it. potentially the getting Any property. see terms you're you expertise, any Commerce on bidding such. you're probability there of of And in Europe to Monmouth wherever but a rumors that run Fort I know of you're of you maybe any update their Netflix Chamber heard did on is or insight hedging

Christopher Maher

We them would love have here. to

our we core and former which The communities have assets Monmouth, of the geographies. process sure decades. the in I'm it Fort So redevelopment, in process most one of is takes would

comes we'll So then they good be in Netflix It if else there If the will in come come there, for be will time. somebody thrilled, in area. don't over there.

David Bishop

Great. Thank you.

Christopher Maher

Thanks, right. Dave. All

Operator

Bishop. you, Thank Mr.

Our next line follow-up go ahead. Navas Davidson. the of D.A. question a is Manuel with Please from

Manuel Navas

offering wanted actions like to consider you've deposit to up. the CDs to with of What funding. cost general of lengthening just the Hey, Would done that get brokered FHLB thought seems duration. of your ahead match increases? follow into would with process in kind try It the deposits you kind

Christopher Maher

Yeah.

So we And we chose. want duration to that's be -- the thoughtful were in we very careful.

on weighted average the duration that nine months book. is So

little a Some we gone is Fed of bit funding. should haven't create because that funding them we extend, ease it's XXXX, the too over a long What want year. don't regret to to overhang do start on in

So we but want to lengthen a little bit not go overboard.

Manuel Navas

comparing general deposit is it a just strategy rest this so and general CDs little of careful more merger. and the two, And I of a -- of kind the your it thinking more of piece your be was with

Christopher Maher

Correct. Yeah.

few want different like so weeks, want and We for in lasting consumer on but that to every years there things you out have philosophy having something reprice a not see you're that. we don't CDs pricing similar them Same the you those lengthen idea, economy. to enough unless

Manuel Navas

Perfect. Very thoughtful. Thank you.

Christopher Maher

Thanks. right. All

Operator

Mr. you, [Operator closing Navas. any conference Thank would Currently, remarks. time. Maher Instructions] pass no are for to Christopher the questions to at back this like there I waiting

Christopher Maher

you. Very, third October. and very with We this you forward are look participation published in Thanks. morning. after our quarter We results thank appreciate time to speaking everyone's

Operator

the conference you hope Financial call. Corp. enjoy earnings the your all day. OceanFirst concludes I rest of That

You lines. may disconnect your now

OceanFirst Financial (OCFC) 29 Jul 222022 Q2 Earnings call transcript