Investor Presentaiton
Building a Premier Regional Franchise
Pro Forma Financial Highlights1
$1.5B
$13.5B
Assets²
$9.3B
Loans²
-10%
'23 EPS Accretion 1,4
Market Cap³,4
$11.2B
Deposits²
20%+
IRR1
Accelerates strategic expansion into
attractive Baltimore/D.C. region
Clear pathway to significant cost savings
Adds high-growth commercial-oriented
franchise with stable deposit base
Attractively priced on a P/TBV basis at 146%
vs. 166% for comparable transactions4,5
4
(1) Based on Ocean First's estimates for the acquisition of Partners Bancorp.
(2) Pro forma data as of the quarter ended September 30, 2021.
(3) Based on Ocean First common stock price of $23.21 as of November 3, 2021 multiplied by pro forma
outstanding shares of OceanFirst after giving effect to the transaction.
(4) Assumes 80% of Partners Bancorp shares elect the stock consideration and 20% elect the cash consideration.
(5) Median value for nationwide bank transactions announced in 2021 with target assets between $1.0B - $2.5B.
OCFC Branches (58)
PTRS Branches (20)
PTRS LPOS (2)
NJ
PA
MD
DC
DEA
VA
MA
NH
RI
CT
NY
ME
Boston Region
New York Region
Central & Northern
New Jersey Region
Greater Philadelphia Region
Southern New Jersey Region
Baltimore Region
Delmarva Region
Virginia Region
OCEANFIRSTView entire presentation