Ocean Bank Net Income Surges; Assets Reach Record $7.6 Billion

Ocean Bank Net Income Surges; Assets Reach Record $7.6 Billion

Ocean Bank announced today net income for the nine months ended September 30 of $65.5 million, up 37 percent from the same period in 2025.

The bank recorded total assets of $7.6 billion, an increase of $162.2 million from year-end 2025. For the third quarter, deposits grew by $127.9 million, reaching $6.3 billion, an increase of 21 percent.

"Our increase in income and assets brought stockholder's equity to $736.6 million, a growth of more than $39 million during the year," said Agostinho Alfonso Macedo, president, chairman and CEO of Ocean Bank.

At September 30 the bank's Tier 1 capital stood at $777.9 million, with a Tier 1 leverage ratio of 10.15 percent.