OCEAN BANK 2022 NET INCOME GROWS 20 PERCENT
Ocean Bank 2022 Net Income Grows 20 Percent
Ocean Bank announced today $55.8 million net income for the year ended December 31, 2022, representing a 20% increase from the year ended December 31, 2021.
Ocean Bank announced total assets exceeding $5.9 billion on December 31, 2022, representing a $600 million increase during 2022. Additionally, assets under management at the Bank’s broker dealer, Ocean Financial Services, LLC, were $500 million on December 31, 2022, representing a 15% increase during 2022.
Agostinho Alfonso Macedo, CEO, chairman and president of Ocean Bank, attributed the results to continued strong net interest income driven by strong lending.
“We had net interest income of $199.7 million during 2022, representing a 23% increase from the prior year driven by a 21% increase in loans,” Macedo said.
The Bank’s 9.80% Tier 1 Leverage ratio is almost double the 5.00% threshold required to be a “well-capitalized” bank.
-
OCEAN BANK FINANCES $14.4 MILLION HGREG.COM TEXAS SITE PURCHASE -
OCEAN BANK LENDS $6.4 MILLION FOR CONSTRUCTION OF WALGREENS NEAR SARASOTA -
OCEAN BANK LENDS $21 MILLION FOR EXPANSION OF FLIGHT CENTER -
OCEAN BANK LENDS $6.5 MILLION FOR CONSTRUCTION OF WALGREENS IN ORLANDO -
OCEAN BANK LENDS $62.2 MILLION FOR CONSTRUCTION OF ROYAL PALM RESIDENCES -
OCEAN BANK LENDS $6.5 MILLION FOR CLASS-A OFFICE BUILDING -
OCEAN BANK LENDS $27.8 MILLION FOR CONSTRUCTION OF HYATT PLACE HOTEL -
OCEAN BANK FINANCES PURCHASE OF 37 APARTMENTS -
OCEAN BANK FINANCES PURCHASE OF 37 APARTMENTS -
SFBJ HONORS AGOSTINHO ALFONSO MACEDO WITH ULTIMATE CEO AWARD -
OCEAN BANK RECEIVES STATEWIDE FLORIDA EDUCATION AWARD -
OCEAN BANK Q1 2023 DEPOSIT GROW $231 MILLON -
OCEAN BANK FINANCES MEMORY CARE FACILITY IN PALM BEACH -
OCEAN BANK FINANCES PURCHASE OF 37 APARTMENTS -
OCEAN BANK FINANCES PURCHASE OF 37 APARTMENTS -
FBA HONORS AGOSTINHO ALFONSO MACEDO AS BANKER OF THE YEAR -
OCEAN BANK FINANCES PURCHASE OF 37 APARTMENTS -
OCEAN BANK 2022 NET INCOME GROWS 20 PERCENT -
OCEAN BANK NAMES JOSE AMBERT VP & BRANCH MANAGER IN ORLANDO -
OCEAN BANK FINANCES MEMORY CARE FACILITY
-
OCEAN BANK REPORTS RISE IN NET INCOME AND ASSETS -
OCEAN BANK APPOINTS DOUGLAS HALLIDAY TO MANAGE DOWNTOWN MIAMI BRANCH -
OCEAN BANK FUNDS $67.1 MILLION CONSTRUCTION LOAN -
OCEAN BANK FUNDS $5 MILLION FACTORING FACILITY TO GROWING DIGITAL DISPLAY DISTRIBUTOR -
OCEAN BANK APPOINTS RODOLFO BUCARO TO SENIOR MANAGEMENT TEAM -
OCEAN BANK REPORTS RISE IN ASSETS AND NET INCOME -
OCEAN BANK LAUNCHES 40TH ANNIVERSARY CELEBRATION