Ocean Bank Reports Surge in Net Income for the First Half of 2026
Ocean Bank reported today increases in net income, assets and stockholder’s equity for the first six months of 2026.
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Ocean Bank reported today increases in net income, assets and stockholder’s equity for the first six months of 2026.
Net income totaled $40.8 million, an increase of 34 percent over the same period in 2025, with net interest income reaching $123.9 million, up $12.1 million.
The bank’s assets reached $7.63 billion, an increase of $189.2 million from year-end 2025.
“Ocean Bank continues to post strong results, which boosted stockholder’s equity to a record $733.8 million,” said Agostinho Alfonso Macedo, President, Chairman and CEO.
Ocean Bank reported total deposits of $6.2 billion and a Tier 1 leveraged ratio of 9.96%.
About Ocean Bank
Ocean Bank is the largest independent, state-chartered commercial bank headquartered in Florida, with $7.63 billion in assets. Chartered in 1982, Ocean Bank operates its network of 25 branches throughout Miami-Dade, Broward, Palm Beach and Orange counties. The community bank has received numerous awards and accolades from the Greater Miami Chamber of Commerce, The Beacon Council and the Florida Department of Education, among others, for its support of our South Florida communities. For more information, log on to www.oceanbank.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260805708243/en/
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