 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. |