OCEAN BANK NET INCOME SURGES; ASSETS REACH RECORD $7.6 BILLION
Ocean Bank Net Income Surges; Assets Reach Record $7.6 Billion
Ocean Bank announced today net income for the nine months ended September 30 of $65.5 million, up 37 percent from the same period in 2025.
The bank recorded total assets of $7.6 billion, an increase of $162.2 million from year-end 2025. For the third quarter, deposits grew by $127.9 million, reaching $6.3 billion, an increase of 21 percent.
“Our increase in income and assets brought stockholder’s equity to $736.6 million, a growth of more than $39 million during the year,” said Agostinho Alfonso Macedo, president, chairman and CEO of Ocean Bank.
At September 30 the bank’s Tier 1 capital stood at $777.9 million, with a Tier 1 leverage ratio of 10.15 percent.
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OCEAN BANK NET INCOME SURGES; ASSETS REACH RECORD $7.6 BILLION -
OCEAN BANK FINANCES DEERFIELD HOTEL -
ROMERO BRITTO EXPANDS BRITTO PALACE COMPLEX OCEAN BANK LENDS $3.9 MILLION FOR PURCHASE OF $5.2 MILLION -
OCEAN BANK OPENS DOWNTOWN DORAL BRANCH EXPANDING PRESENCE IN THE DORAL COMMUNITY -
OCEAN BANK ASSETS GROW NEARLY $100 MILLION -
OCEAN BANK PROVIDES $28 MILLION FINANCING TO THE GRAHAM COMPANIES -
YUNI NAVARRO NAMED TO OCEAN BANK BOARD OF DIRECTORS -
OCEAN BANK PROVIDES $7 MILLION LOAN FOR PURCHASE OF CYPRESS CREEK OFFICE BUILDING -
OCEAN BANK PROVIDES $41.4 MILLION FOR PURCHASE OF TWO DORAL OFFICE BUILDINGS -
OCEAN BANK PROVIDES $70 MILLION FOR CONSTRUCTION OF AVENTURA COMMERCIAL PROJECT -
OCEAN BANK PROVIDES $43.3 MILLION FOR CONSTRUCTION OF HIALEAH APARTMENTS -
OCEAN BANK RECORDS DOUBLE-DIGIT GROWTH -
OCEAN BANK PROVIDES $6.7 MILLION FOR PURCHASE OF CENTRAL FLORIDA COMMERCIAL BUILDING
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OCEAN BANK PROVIDES $36 MILLION LOAN FOR PURCHASE OF DORAL SQUARE RETAIL CENTER -
OCEAN BANK PROVIDES $16 MILLION LOAN FOR KEY BISCAYNE SHOPPING CENTER -
OCEAN BANK PROVIDES $13.2 MILLION LOAN FOR CYPRESS CORPORATE CENTER -
OCEAN BANK REPORTS GROWTH IN INCOME, ASSETS AND EQUITY -
OCEAN BANK FINANCES ORLANDO WAREHOUSES -
OCEAN BANK REPORTS RECORD ASSETS -
OCEAN BANK NAMES JEANELLE BOSCAN HEAD OF MARKETING -
OCEAN BANK FUNDS $5 MILLION FACTORING FACILITY -
OCEAN BANK CLOSES $8 MILLION FACTORING FACILITY FOR AN AVIATION PARTS DISTRIBUTOR -
OCEAN BANK FUNDS CONSTRUCTION DEVELOPMENT IN KISSIMMEE -
OCEAN BANK ASSETS TOP $7 BILLION -
OCEAN BANK LENDS $10 MILLION FOR HOTEL PURCHASE -
MARIO DE ARMAS JOINS OCEAN BANK BOARD -
OCEAN BANK PROVIDES $54 MILLION LOAN TO GALBUT-AFFILIATED COMPANY -
OCEAN BANK PROVIDES $22 MILLION FOR CONSTRUCTION OF BRICKELL AREA CONDOS -
OCEAN BANK PROVIDES $10 MILLION FOR NAVARRO PHARMACY SITE OWNER -
OCEAN BANK PROVIDES $132 MILLION LOAN FOR VOX I AND II -
OCEAN BANK RELOCATES WEST FLAGLER BRANCH