OceanFirst Financial Corp.

Thank you for attending the Ocean First Financial Court third quarter 2025 earnings call. My name is Brika and I will be your moderator for today. All lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end. I would now like to pass the conference over to your host, Alfred Goon, Investor Relations. Thank you. You may proceed, Alfred. Thank you all for attending the Ocean First Financial Corp third quarter 2025 earnings call. My name is Brika and I will be your operator for today. Please stand by whilst we try and reconnect today's speakers. We now have the speaker line reconnected, and I would like to thank you all for attending the Ocean First Financial Court third quarter 2025 earnings call. My name is Breaker and I will be your moderator for today. All lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end. I would now like to pass the conference over to your host, Alfred Goon, Investor Relations. So thank you. You may proceed, Alfred.

Thank you, Brika. Good morning and welcome to the Ocean First Third Quarter 2025 earnings call. I am Alfred Goon, SVP of Corporate Development and Investor Relations. Before we kick off the call, we'd like to remind everyone that our quarterly earnings release and related earnings supplement can be found on the company website, oceanfirst.com. Our remarks today may contain forward-looking statements and may refer to non-GAAP financial measures. All participants should refer to our SEC filings, including those found on Forms 8-K, 10-Q, and 10-K, for a complete discussion of forward-looking statements and any factors that could cause actual results that differ from those statements. Thank you, and now I will turn the call over to Christopher Marr, Chairman and CEO.

Christopher Marr Thank you, Alfred. Good morning and thank you to all who have been able to join our third quarter 2025 earnings conference call. This morning I'm joined by our President, Joe Lavelle, and our Chief Financial Officer, Pat Barrett. We appreciate your interest in our performance and this opportunity to discuss our results with you. This morning we will provide brief remarks about the financial and operating performance for the quarter and some color regarding the outlook for our business. We may refer to the slides filed in connection with the earnings release throughout the call. After our discussion, we look forward to taking your questions. We reported our financial results for the third quarter, which included earnings per share of 30 cents on a fully diluted gap basis and 36 cents on a core basis. In terms of performance indicators, we were pleased to report a fourth consecutive quarter of growth of net interest income, which increased by $3 million as compared to the prior quarter. It was fueled by an increase in average net loans of $242 million. Net interest margin of 2.91% remained stable compared to the second quarter. Total loans for the quarter increased $373 million, representing a 14 percent annualized growth rate, driven by strong originations of $1 billion. Joe will have more to add regarding our growth strategy in a few minutes. Asset quality remained very strong, as total loans classified as special mention and substandard decreased 15 percent to just $124 million, or 1.2 percent of total loans. This places us among the top decile of our peer group. The quarterly provision was primarily driven by net loan growth and an increase in unfunded loan balances and commitments. Operating expenses for the quarter were $76 million, which includes $4 million of restructuring charges related to our strategic decision to outsource residential loan originations and underwriting functions. This initiative is expected to meaningfully improve operating leverage and earnings in 2026. Pat will provide a detailed update on our financial outlook in a moment. Lastly, capital levels remain robust with an estimated common equity tier one capital ratio of 10.6% and tangible book value per share of $19.52. We did not repurchase any shares this quarter under the existing plan as our capital was deployed for loan growth. This week our board also approved the quarterly cash dividend of 20 cents per common share. This is the company's 115th consecutive quarterly At this point, I'll turn the call over to Joe for additional color on these businesses.