OceanFirst Financial : 2024 SASB

Published: 2025-05-20 16:42:11 ET OCFC

Published on 05/20/2025 at 16:42

OceanFirst Financial Corp.

Topic Accounting Metric

SASB

Code Response/Source

(2) percentage involving personally identifiable information (PII), (3) number of account holders affected

FN-CB-230a.1

Not currently disclosed, see introductory comments above. If material breaches occur disclosure would be provided in the Company's 10-K.

(SASB) 2024 Disclosure

OceanFirst Financial Corp. (OCFC) is committed to reporting in alignment with leading Environmental, Social and Governance (ESG) frameworks, to ensure that our disclosures are consistent with best practices and are informative to our stakeholders. OCFC has completed the index below, which includes Sustainability Accounting Standards Board (SASB) standards for the financial sector related to our business: Commercial Banks. All information referenced is as of, or for the year ending, December 31, 2024. We believe the Company's ESG efforts will evolve over time and, therefore, we will continue to review our reporting materials and update future documents such as the Form 10-K, proxy statement, and annual report to describe the Company's initiatives to identify and manage our sustainability activities.

In some cases, information may not be disclosed within the index below if it is not considered material or may be confidential or is not currently collected by the Company according to the standards of the SASB metrics. At OceanFirst Bank, OceanFirst small business is defined as clients with revenue under $1 million.

Description of approach to identifying and addressing data security risks

(1) Number and (2) amount of loans outstanding qualified to programs designed to promote small business and community development

(1) Number and (2) amount of past-due and non-accrual loans to qualified programs to promote small business and community development

Number of no-cost retail checking accounts provided to previously unbanked or underbanked customers

Number of participants in financial literacy initiatives for unbanked, underbanked or underserved customers

FN-CB-230a.2

FN-CB-240a.1

FN-CB-240a.2

FN-CB-240a.3

FN-CB-240a.4

Not currently disclosed, see introductory comments above.

Not currently disclosed, see introductory comments above.

Not currently disclosed, see introductory comments above.

57,614 accounts with balances of $186 million in OceanFirst Freestyle Checking products, accounts with no fees for having the account. OceanFirst is not able to track if customers were previously unbanked or underbanked.

Not currently disclosed, see introductory comments above.

OceanFirst Financial Corp.

SUSTAINABILITY DISCLOSURE TOPICS & ACCOUNTING METRICS

Topic

Accounting Metric

SASB

Code

Response/Source

Incorporation of Environmental, Social, and Government Factors in Credit Analysis

Description of approach to incorporation of environmental, social and government (ESG) factors in credit analysis.

FN-CB-410a.1

The Bank developed an Environmental Social Governance policy which includes evaluating the components of ESG .

Financed Emissions

Absolute gross financial emissions, disaggregated by (1) Scope 1,

(2) Scope 2 and (3) Scope 3

FN-CB-410b.1

Not currently disclosed, see introductory comments above.

Gross exposure for each industry by asset class

FN-CB-410b.2

Not currently disclosed, see introductory comments above.

Percentage of gross exposure included in the financial emissions calculation

FN-CB-410b.3

Not currently disclosed, see introductory comments above.

Description of the methodology used to calculate financed emissions

FN-CB-410b.4

Not currently disclosed, see introductory comments above.

Business Ethics

Total amount of monetary losses as a result of legal proceedings associated with fraud, insider trading, anti-trust,

anti-competitive behavior, market manipulation, malpractice, or other related financial industry laws or regulations

FN-CB-510a.1

Not currently disclosed, see introductory comments

above. If material losses occur disclosure would be provided in the Company's 10-K.

Description of whistleblower policies and procedures

FN-CB-510a.2

Code of Ethics and Standards of Personal Conduct Appendix A

SUSTAINABILITY DISCLOSURE TOPICS & ACCOUNTING METRICS

Topic

Accounting Metric

SASB

Code

Response/Source

Systemic Risk

Global Systemically Important Bank

FN-CB-

N/A

Management

(G-SIB) score, by category

550a.2

Description of approach

FN-CB-

OCFC 2024 Form 10-K

to incorporation of results

550a.2

pages 42-44, 50-52

of mandatory and voluntary stress

tests into capital adequacy planning,

long-term corporate strategy and

other business activities

ACTIVITY METRICS

1) Number and (2) value of checking and savings accounts by segment: (a) personal and (b) small business

FN-CB-000.A

a) Personal checking: 146,860 accounts = $2 billion

Personal savings:

70,517 accounts = $973 million

(b)Business checking:

32,258 accounts = $2.4 billion

Business savings:

2,408 accounts = $53 million

(1) Number and (2) value of loans by segment:

(a) personal, (b) small business, and (c) corporate

FN-CB-000.B

(a) personal loans: 14,975= $3.2 billion

(b) small business loans: 739= $697 million

(c)corporate loans: 5,220= $6.1 billion

Disclaimer

OceanFirst Financial Corporation published this content on May 20, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 20, 2025 at 20:41 UTC.