Business Context and Reporting Period
OceanFirst Financial Corp. filed this Form 8-K on October 27, 2016, to report events occurring on October 26, 2016. The filing primarily serves to announce the Company's financial results for the quarter ended September 30, 2016, and to declare a regular quarterly cash dividend.
Key Financial Metrics
The filing text references a press release (Exhibit 99.1) containing the detailed financial results for the quarter ended September 30, 2016. However, the specific values for revenue, profit, cash flow, margins, debt, and liquidity are not included in the body of this Form 8-K. The filing text does not provide a clear value for these metrics.
Material Changes and Dividend Declaration
- Dividend Declaration: The Board of Directors declared a regular quarterly cash dividend of $0.15 per share on outstanding common stock.
- Payment Details: The dividend is payable on November 18, 2016, to stockholders of record as of the close of business on November 7, 2016.
- Financial Results: The Company announced results for the quarter ended September 30, 2016, but specific comparative data or material changes versus prior periods are not detailed in this document.
Guidance, Outlook, and Risks
This filing does not contain management commentary, forward-looking guidance, risk factors, contingencies, or unusual items. Such information, if present, is contained within the attached press release (Exhibit 99.1) which is not part of the provided text.
Investor Verification Checklist
- Review the attached press release (Exhibit 99.1) for specific Q3 2016 revenue, net income, and earnings per share figures.
- Verify the record date (November 7, 2016) and payment date (November 18, 2016) for the $0.15 per share dividend.
- Compare the Q3 2016 results in the press release against Q3 2015 figures to assess year-over-year performance trends.
- Check for any updated liquidity ratios or debt covenants mentioned in the full press release.