Ocean Bank reports earnings



Ocean Bank on Friday reported net income of $24.4 million for 2013. That compares to $177.1 million in net income in 2012, which included the benefit of a $138.2 million tax credit.

The Miami bank said its income before taxes was $39 million for the year, on par with $38.9 million in 2012. Ocean Bank said its non-performing assets decreased to 4 percent of total assets at year-end.

At Dec. 31, Ocean Bank reported total assets of $3.3 billion.

Read more Business stories from the Miami Herald

Miami Herald

Join the

The Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

The Miami Herald uses Facebook's commenting system. You need to log in with a Facebook account in order to comment. If you have questions about commenting with your Facebook account, click here.

Have a news tip? You can send it anonymously. Click here to send us your tip - or - consider joining the Public Insight Network and become a source for The Miami Herald and el Nuevo Herald.

Hide Comments

This affects comments on all stories.

Cancel OK

  • Marketplace

Today's Circulars

  • Quick Job Search

Enter Keyword(s) Enter City Select a State Select a Category