Investor Presentaiton

Expense Discipline and Focused Investment Core Non-Interest Expense¹ ($'000) 57,097 54,434 55,128 51,198 57,919 3,206 11,212 13,971 12,326 12,992 10,446 40,752 43,222 43,126 42,802 41,721 Q2-21 Q3-21 Trident Q4-21 Technology Expense Q1-22 Other Core Non-Int Exp Q2-22 Core Efficiency Ratio¹ 1.90% 1.89% 1.87% 1.84% 1.78% 62.57% 62.22% ☐ Q2-22 expenses included the Company's first full quarter of Trident Abstract Title Agency, LLC ("Trident") operations, which incurred $3.2 million of operating expenses in this period. We anticipate Trident run-rate to continue at $3 - $4 million per quarter. ■ Q2-22 core operating expenses, excluding Trident, decreased $400,000 and totaled $54.7 million. Technology expense, which represents data processing, communications, and digitally focused departments, accounted for 22.4% of total core non- interest expense in Q2-22. For the full year 2021, these costs accounted for 21.1% of core non- interest expense. 8 60.06% 57.51% 54.43% 53.69% Q4-21 Q2-21 Q3-21 Core Efficiency Ratio Core Efficiency Ratio excl. Trident (1) Core metrics exclude merger related expenses, net branch consolidation expenses, and net loss/gain on equity investments. Refer to the "Non-GAAP Reconciliation" in the Earnings Release for additional information. Q1-22 Q2-22 Core Non-Interest Expense to Average Assets (Annualized) OCEANFIRST

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