 WELCOME TO THE
2014 ANNUAL MEETING
OF SHAREHOLDERS
OceanFirst Financial Corp.
MAY 8, 2014
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,
future
natural
disasters
and
increases
to
flood
insurance
premiums,
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,
2013
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. |
 2013
YEAR IN REVIEW A Year of Transitions
John Garbarino
Chairman & Chief Executive Officer |
 2013
– A Year of Transitions
Recovering Economy, National and Local
Sandy Recovery Languishing for Some
Impact on Bank put behind us
Long way to go for a few less fortunate
Foundation and long-term recovery group in leadership role
Preparing for CEO Succession at Year-End
Transition in Financial Performance |
 2013
– A Year of Transitions
Positioning the Bank for the Future
4
quarter re-structuring restrained 2013 earnings
Build capability for revenue/earnings growth
Returning Value to Shareholders
Market price appreciation
Cash dividend growth
Share repurchases at attractive values
2014 and Beyond . . .
th |
 2014
Business Focus Christopher Maher
President & Chief Operating Officer |
 Vision Statement
•
In building shareholder value, OceanFirst seeks to enhance its commitment and
responsiveness to the Central Jersey Shore and the customers the
Bank serves, as
well as the people who are the Bank.
•
This will be achieved by providing a clearly competitive product
array, differentiated
with an extraordinary level of customer care. The Bank will continue to deepen and
grow its loyal customer base while extending reach to underserved communities
and populations within its market.
•
The Company will grow organically and opportunistically through acquisitions within a
defined model that creates consistent top line revenue growth and builds core
franchise value.
•
The Bank will foster an environment of respect that attracts highly motivated and
competent people who view OceanFirst as the employer of choice among financial
service companies headquartered in Monmouth and Ocean Counties.
•
The brand and image will be enhanced through key market metrics and benchmarks.
“Best in Class”
marketing initiatives will be executed to gain market share.
•
OceanFirst will continue to invest in new delivery channels to better serve
customers. •
All energy and discipline will be guided by this Vision Statement.
|
 2.00%
2.50%
3.00%
3.50%
4.00%
4.50%
Address Net Interest Margin (NIM)
Compression by establishing stronger
loan growth
Commercial Lending
Consumer Lending/Home Equity
Residential Lending
Support Sandy Recovery Efforts
Focus on Loan Growth
Average NIM Since 1996 (3.28%)
2009
2010
2011
2012
Q1
2013
Q2
2013
Q3
2013
Q4
2013
Q1
2014 |
 Fee
Income – BankCard
Card Services Include:
ATM
Visa Debit
Merchant
$3.6 million in revenue in 2013, a
34% increase since 2011
UChoose Rewards Program
Leverages Underlying Consumer
Trends |
 Fee
Income – Wealth Management
Trust Services Launched in 2000
$216 Million in Assets Under
Administration as of 12/31/2013, a
27% increase from 12/31/2012
$2.2M in Trust Fee income for year
ended 2013, a 86% increase from
2011
Focused on providing quality advice
and services to clients typically
under-served by national providers |
 Checking Product Restructure
Simplification
Dozens of options to three primary accounts
Less confusion for customers & employees
Customer Choice
Multi-channel Users –
unlimited access with a choice of
maintaining a substantial balance, or paying a reduced
monthly fee
Light Users –
bundled services with reduced balance
requirements
Basic services –
free checking with A la carte pricing
Price Reflects Customer Usage
Balance requirements that match customer usage
Reduced fee structures for customers not interested in
maintaining balances |
 Strategic Growth Investments
Commercial Lending
Wealth Management
Consumer Deposit Capture
Next Generation ATMs |
 QUESTIONS AND ANSWERS |
 THANK YOU
FOR ATTENDING THE
2014 ANNUAL MEETING
OF SHAREHOLDERS
OceanFirst Financial Corp. |