RED BANK, N.J. (AP) — RED BANK, N.J. (AP) — OceanFirst Financial Corp. (OCFC) on Tuesday reported third-quarter earnings of $16.5 million.
On a per-share basis, the Red Bank, New Jersey-based company said it had profit of 17 cents. Earnings, adjusted for non-recurring costs, were 48 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.
The holding company for OceanFirst Bank posted revenue of $314.7 million in the period. Its adjusted revenue was $185.1 million, which also topped Street forecasts. Five analysts surveyed by Zacks expected $178.7 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OCFC at https://www.zacks.com/ap/OCFC
