Ocean Bank is celebrating a major financial milestone, with total assets reaching an impressive $7.25 billion by the close of the second quarter on June 30.. This marks an 8 percent increase since the close of 2024 and a 13 percent rise compared to the same period last year highlighting the bank’s continued financial strength and consistent upward momentum.
In addition to robust asset growth, the bank reported a solid performance across lending and deposit activities, with total loans rising to $5.69 billion and deposits increasing to $6.13 billion. These figures reflect Ocean Bank’s deepening relationships with its customers and its position as a reliable financial partner in the region.
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President, Chairman, and CEO Agostinho Alfonso Macedo expressed his appreciation for the team behind the bank’s success. I couldn’t be prouder of our team for helping Ocean Bank cross the $7 billion milestone in assets,” said Macedo. “Their dedication and hard work are driving strong results across the board. So far this year, we’ve achieved $112 million in net interest income and $127 million in total revenue a true reflection of our collective efforts
In the first half of 2025, Ocean Bank reported a solid net income of $30.4 million. This strong performance boosted the bank’s stockholder equity to $668.4 million and brought its Tier 1 capital ratio to a healthy 9.64%, underscoring the bank’s continued financial strength and stability.
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Headquartered in Florida, Ocean Bank is the largest independent, state-chartered commercial bank in the state. Founded in 1982, Ocean Bank has grown into a trusted part of the community, with 24 branches serving customers across Miami-Dade, Broward, Palm Beach, and Orange counties. Over the years, Ocean Bank has earned widespread recognition for its service and impact, receiving accolades from the Greater Miami Chamber of Commerce, The Beacon Council, and the Florida Department of Education, among others, for its continued support of South Florida’s economic and community development.
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With this milestone, Ocean Bank reaffirms its commitment to responsible growth, community investment, and financial excellence as it looks ahead to the remainder of 2025.
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