OCEAN BANK REPORTS INCREASES IN INCOME, CAPITAL AND ASSETS
Ocean Bank Reports Increases in Income, Capital and Assets
Ocean Bank announced today solid increases in net income, capital and total assets at year-end 2023 compared to 2022.
The bank’s total assets grew to a record $6.44 billion, an increase of $527.6 million from $5.92 billion the prior year.
“Our strong results reflect the bank’s ability to successfully navigate through the changing interest rate environment,” said Agostinho Alfonso Macedo, Ocean Bank’s president, chairman and CEO. “We increased net income by 12.2 percent to $62.6 million.”
The bank reported capital of $590.5 million, an 11.3 percent increase during the year.
The Bank’s 9.88% Tier 1 Leverage ratio is nearly double the 5.00% threshold required to be a “well-capitalized” bank.
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OCEAN BANK LENDS $16.5 MILLION FOR CONSTRUCTION OF "LIVE LOCAL" APARTMENT COMPLEX -
OCEAN BANK LENDS $80 MILLION TO FLB HOTEL, LLC -
OCEAN BANK REPORTS CONTINUED GROWTH -
OCEAN BANK LENDS $6.3 MILLION FOR EXPANSION OF HIGH-PROFILE JEWELRY STORE -
FROM RECYCLED OCEAN PLASTIC TO DEBIT CARDS -
VANESSA LUGO PROMOTED TO CFO -
OCEAN BANK PROVIDES $4.9 MILLION FOR AVIATION COMPANY -
OCEAN BANK LENDS $4.5 MILLION FOR SHOPPING PLAZA RENOVATION -
OCEAN BANK PROVIDES $17.5 MILLION FOR REFINANCE OF ALOFT HOTEL -
OCEAN BANK PROVIDES $25 MILLION FOR AUTO DEALERSHIPS FLOOR PLANS -
INTERNATIONALLY RENOWNED ARTIST ROMERO BRITTO ACQUIRES BUILDING IN MIAMI FOR ALMOST $12 MILLION -
OCEAN BANK PROVIDES $40 MILLION TO REFINANCE SHOPPING MALL -
ORLANDO BRANCH WILL RETURN TO NORMAL HOURS -
OCEAN BANK LENDS $9.2 MILLION OF CONSTRUCTION OF ULTRA-LUXURY TOWNHOMES -
CRISTO REY MIAMI HIGH SCHOOL AND OCEAN BANK PARTNER FOR STUDENT SUCESS -
OCEAN BANK REPORTS CONTINUED GROWTH -
OCEAN BANK REPORTS INCREASES IN INCOME, CAPITAL AND ASSETS -
OCEAN BANK TO OPEN FIRST PALM BEACH COUNTY BRANCH -
OCEAN BANK PROVIDES $27 MILLION FOR SHOPPING CENTER PURCHASE -
OCEAN BANK PROVIDES $5,000,000 FACTORING FACILITY TO AN INTERNATIONAL EXPORTER -
OCEAN BANK PROVIDES $21.5 MILLION FOR HOLLYWOOD HOTEL
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OCEAN BANK PROVIDES $10 MILLION WORKING CAPITAL FACILITY -
OCEAN BANK LENDS $17.3 MILLION FOR PURCHASE OF THE GROVE AT WINTER PARK -
LAWRENCE ARTMAN JOINS OCEAN 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 LENDS $17.6 MILLION FOR CONSTRUCTION OF HILTON HOME2 SUITES -
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 -
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