OceanFirst Financial Corp. (NASDAQ:OCFC) Q2 2023 Earnings Conference Call July 21, 2023 11:00 AM ET
Company Participants
Alfred Goon - Corporate Development and IR
Christopher Maher - Chairman and CEO
Joe Lebel - President
Pat Barrett - CFO
Conference Call Participants
Daniel Tamayo - Raymond James
David Bishop - Hovde Group
Matthew Breese - Stephens Inc.
Christopher Marinac - Janney Montgomery Scott
Manuel Navas - D.A. Davidson
Frank Schiraldi - Piper Sandler
Michael Perito - KWB
Operator
Ladies and gentlemen, welcome to the OceanFirst Financial Corporation Second Quarter 2023 Earnings Release. My name is Glenn and I will be the operator for today's call. [Operator Instructions]
I will now pass you over to your host, Alfred Goon, Corporate Development and Investor Relations. Alfred, please go ahead.
Alfred Goon
Thank you, Glenn. Good morning, and welcome to the OceanFirst second quarter 2023 earnings call. I'm Alfred Goon, SVP of Corporate Development and Investor Relations. Before we kick off our 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, 10-K for a complete discussion of forward-looking statements and any factors that could cause actual results to differ from those statements. Thank you.
And now I will turn the call over to Christopher Maher, Chairman and Chief Executive Officer.
Christopher Maher
Thank you, Alfred. Good morning, and thank you to all who have been able to join in on our second quarter 2023 earnings conference call. This morning, I'm joined by our President, Joe Lebel; 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.
Our financial results for the second quarter included GAAP diluted earnings per share of $0.45. Our earnings reflect net interest income of $92.1 million, which while down from the prior linked quarter, has increased $1.3 million or 1.4% as compared to the prior year.