OceanFirst Financial (OCFC) in Toms River, N.J., expects to increase its fourth-quarter loan-loss provision because of Hurricane Sandy and new regulatory guidance for borrowers who have filed for bankruptcy.

The $2.3 billion-asset company will add $1 million to $3 million to its provision for loans losses because of the storm and bankruptcy guidance, OceanFirst said last week in a regulatory filing. In October the company reported a loan-loss provision of $1.4 million for the third quarter and $4.8 million for the first nine months of the year. It posted earnings of $5 million for the quarter and $16 million for the first nine months of the year.

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