OceanFirst Financial Corp. 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report was filed by OceanFirst Financial Corp. on October 21, 2022. The filing serves as a Regulation FD disclosure regarding a corporate action taken by the Board of Directors on the same date.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or debt metrics. The only specific financial figure disclosed is the declaration of a quarterly cash dividend of $0.4375 per depositary share for the 7.0% Series A Non-Cumulative, perpetual preferred stock.
Material Changes
The material event reported is the declaration of the preferred stock dividend. No other material changes to the company's financial condition or operations are detailed in this specific filing.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the standard disclosure of the dividend payment. The press release attached as Exhibit 99.1 is furnished but not deemed filed for purposes of the Securities Exchange Act of 1934.
Key Facts for Investor Verification
- Dividend Amount: $0.4375 per depositary share (representing a 1/40th interest in a share of Series A Preferred Stock).
- Record Date: October 31, 2022.
- Payment Date: November 15, 2022.
- Stock Class: 7.0% Series A Non-Cumulative, perpetual preferred stock (Trading Symbol: OCFCP).
- Financial Data: This filing does not contain quarterly earnings, revenue, or balance sheet data; investors should refer to the most recent 10-Q or 10-K for those metrics.