OceanFirst Financial Corp. (NASDAQ:OCFC) Q3 2023 Earnings Call Transcript

Page 7 of 7

Manuel Navas: So that was kind of like the fee side of the operating leverage. It’s probably has a little bit longer tail just because of the rate environment.

Christopher Maher: Correct. And we’re still — look, we would still hire very good commercials [Multiple Speakers] Yeah, I was just going to say, Manuel, we will still hire good commercial bankers if we have the opportunity to, but our appetite is not what it was two years ago. So we’re going to be pretty discriminating before we add a headcount, and you won’t see that headcount change much.

Manuel Navas: Okay. I appreciate it. Thank you.

Christopher Maher: All right. Thank you.

Operator: We have no further questions, so I’ll turn the call back over to the CEO, Chris Maher, for closing remarks.

Christopher Maher: All right. Thank you. We appreciate your time today and your support of OceanFirst Financial Corp. We offer our best wishes to all throughout the upcoming holiday seasons. We look forward to speaking with you after our fourth quarter results are published in January. Thank you very much.

Operator: This concludes today’s call. Thank you for joining. You may now disconnect your line.

Follow Oceanfirst Financial Corp (NASDAQ:OCFC)

Page 7 of 7