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 $80 MILLION TO FLB HOTEL, LLC -
OCEAN BANK LENDS $6.3 MILLION FOR EXPANSION OF HIGH-PROFILE JEWELRY STORE -
VANESSA LUGO PROMOTED TO CFO -
OCEAN BANK LENDS $4.5 MILLION FOR SHOPPING PLAZA RENOVATION -
OCEAN BANK PROVIDES $17.5 MILLION FOR REFINANCE OF ALOFT HOTEL -
OCEAN BANK PROVIDES $40 MILLION TO REFINANCE SHOPPING MALL -
OCEAN BANK LENDS $9.2 MILLION OF CONSTRUCTION OF ULTRA-LUXURY TOWNHOMES -
OCEAN BANK REPORTS CONTINUED GROWTH -
OCEAN BANK REPORTS INCREASES IN INCOME, CAPITAL AND ASSETS
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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