See more : Samyang Holdings Corporation (000075.KS) Income Statement Analysis – Financial Results
Complete financial analysis of OceanFirst Financial Corp. (OCFC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of OceanFirst Financial Corp., a leading company in the Banks – Regional industry within the Financial Services sector.
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OceanFirst Financial Corp. (OCFC)
About OceanFirst Financial Corp.
OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services. It accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing demand deposits, and time deposits to retail, government, and business customers. The company also offers commercial real estate, multi-family, land loans, construction, and commercial and industrial loans; fixed-rate and adjustable-rate mortgage loans that are secured by one-to-four family residences; and consumer loans, such as home equity loans and lines of credit, student loans, overdraft line of credit, loans on savings accounts, and other consumer loans. In addition, it invests in mortgage-backed securities, securities issued by the U.S. Government and agencies, corporate securities, and other investments. Further, the company offers bankcard, wealth management, and trust and asset management services; and sells alternative investment products and life insurance products. As of December 31, 2021, it operated through its branch office in Toms River; administrative office located in Red Bank and Mount Laurel; 46 additional branch offices and four deposit production facilities located throughout central and southern New Jersey; and commercial loan production offices in New Jersey, New York City, the Philadelphia area, Baltimore, and Boston. The company was founded in 1902 and is based in Red Bank, New Jersey.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 385.68M | 431.60M | 352.09M | 367.16M | 292.18M | 271.12M | 192.73M | 138.33M | 91.33M | 88.58M | 81.50M | 90.28M | 92.78M | 92.43M | 81.05M | 70.85M | 55.46M | 71.73M | 85.02M | 76.76M | 76.39M | 71.69M | 67.94M | 55.84M | 53.70M | 46.60M | 45.50M | 39.30M | 2.31M |
| Cost of Revenue | -255.18M | 43.44M | 41.43M | 45.10M | 39.85M | 39.74M | 28.24M | 21.11M | 14.93M | 13.97M | 14.19M | 13.90M | 14.20M | 7.70M | 8.13M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 640.86M | 388.17M | 310.65M | 322.06M | 252.33M | 231.38M | 164.49M | 117.22M | 76.40M | 74.61M | 67.30M | 76.38M | 78.58M | 84.73M | 72.92M | 70.85M | 55.46M | 71.73M | 85.02M | 76.76M | 76.39M | 71.69M | 67.94M | 55.84M | 53.70M | 46.60M | 45.50M | 39.30M | 2.31M |
| Gross Profit Ratio | 166.16% | 89.94% | 88.23% | 87.72% | 86.36% | 85.34% | 85.35% | 84.74% | 83.65% | 84.22% | 82.58% | 84.60% | 84.70% | 91.67% | 89.97% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 146.96M | 139.27M | 147.74M | 136.49M | 106.95M | 100.13M | 71.51M | 57.51M | 38.75M | 37.79M | 34.90M | 33.36M | 35.94M | 44.21M | 39.36M | 30.69M | 39.39M | 39.53M | 31.18M | 27.24M | 22.24M | 20.32M | 27.50M | 23.86M | 20.40M | 18.60M | 17.30M | 13.20M | 8.71M |
| Selling & Marketing | 4.24M | 2.95M | 2.17M | 3.12M | 3.47M | 3.42M | 2.68M | 1.88M | 1.52M | 1.80M | 1.63M | 1.63M | 1.77M | 1.75M | 1.77M | 1.83M | 1.48M | 1.52M | 2.91M | 2.02M | 2.19M | 1.99M | 1.71M | 1.69M | 1.70M | 1.40M | 700.00K | 800.00K | 0.00 |
| SG&A | 151.20M | 142.22M | 149.91M | 139.61M | 110.42M | 103.55M | 74.19M | 59.39M | 40.27M | 39.59M | 36.53M | 34.99M | 37.71M | 45.95M | 41.13M | 32.53M | 40.87M | 41.05M | 34.10M | 29.26M | 24.43M | 22.31M | 29.21M | 25.54M | 22.10M | 20.00M | 18.00M | 14.00M | 8.71M |
| Other Expenses | 247.52M | 218.94M | -359.75M | -425.73M | -295.24M | -253.02M | 91.61M | 77.01M | 42.46M | 39.73M | 42.19M | 34.81M | 148.00K | 37.22M | 35.02M | -36.37M | -33.35M | -35.14M | -47.41M | -43.39M | -33.08M | -16.48M | -5.78M | 8.24M | 8.00M | 15.00M | 13.60M | -10.00M | 41.60M |
| Operating Expenses | 398.72M | 234.88M | -209.85M | -286.12M | -184.82M | -149.47M | 98.28M | 81.74M | 45.84M | 43.79M | 45.59M | 38.99M | 38.47M | 45.95M | 42.41M | -3.84M | 7.52M | 5.91M | -13.31M | -14.13M | -8.65M | 5.83M | 23.43M | 33.78M | 30.10M | 35.00M | 31.60M | 4.00M | 50.30M |
| Cost & Expenses | 209.01M | 234.88M | -209.85M | -286.12M | -184.82M | -149.47M | 126.52M | 102.85M | 60.78M | 57.76M | 59.79M | 52.89M | 52.66M | 53.65M | 50.54M | -3.84M | 7.52M | 5.91M | -13.31M | -14.13M | -8.65M | 5.83M | 23.43M | 33.78M | 30.10M | 35.00M | 31.60M | 4.00M | 50.30M |
| Interest Income | 607.97M | 431.18M | 342.09M | 379.61M | 308.79M | 276.65M | 188.83M | 133.43M | 85.86M | 79.85M | 80.16M | 87.62M | 95.39M | 101.37M | 95.86M | 103.41M | 114.96M | 116.56M | 102.80M | 90.95M | 94.54M | 108.46M | 118.16M | 116.11M | 107.30M | 105.60M | 98.60M | 80.30M | 70.21M |
| Interest Expense | 238.24M | 53.70M | 36.75M | 66.66M | 52.82M | 36.15M | 19.61M | 13.16M | 9.03M | 7.51M | 9.63M | 14.10M | 18.06M | 24.25M | 30.40M | 45.38M | 62.04M | 58.44M | 41.87M | 34.93M | 36.89M | 47.62M | 63.15M | 66.41M | 58.80M | 61.40M | 55.60M | 43.90M | 40.00M |
| Depreciation & Amortization | 16.40M | 16.43M | 14.85M | 14.69M | 12.23M | 12.51M | 8.34M | 5.42M | 21.00K | 3.93M | 4.22M | 4.26M | 2.45M | 2.45M | 4.65M | 5.14M | 5.11M | 5.60M | 5.57M | 5.32M | 8.54M | 8.15M | 8.93M | 6.03M | 6.30M | 8.40M | 8.30M | 1.90M | 810.00K |
| EBITDA | 0.00 | 210.40M | 157.12M | 95.77M | 119.79M | -3.81M | -874.00K | -856.00K | -149.00K | -390.00K | -161.00K | -10.00K | -623.00K | -701.00K | -2.00K | 44.39M | 0.00 | 0.00 | 54.46M | 52.76M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 0.00% | 58.29% | 41.95% | 23.76% | 38.12% | 49.49% | 48.40% | 38.87% | 47.73% | 46.23% | 45.90% | 52.81% | 56.83% | 62.19% | 73.85% | 101.84% | 122.77% | 116.05% | 90.89% | 88.53% | 99.85% | 119.50% | 147.64% | 171.29% | 167.78% | 193.13% | 187.69% | 115.01% | 2,316.57% |
| Operating Income | 136.86M | 246.87M | 142.24M | 81.04M | 107.36M | 121.65M | -874.00K | -856.00K | -149.00K | -390.00K | -161.00K | -10.00K | -623.00K | -701.00K | -2.00K | 67.01M | 62.98M | 77.64M | 71.71M | 62.63M | 67.74M | 77.52M | 91.37M | 89.62M | 83.80M | 81.60M | 77.10M | 43.30M | 52.61M |
| Operating Income Ratio | 35.48% | 57.20% | 40.40% | 22.07% | 36.74% | 44.87% | -0.45% | -0.62% | -0.16% | -0.44% | -0.20% | -0.01% | -0.67% | -0.76% | 0.00% | 94.58% | 113.56% | 108.24% | 84.34% | 81.59% | 88.68% | 108.13% | 134.49% | 160.50% | 156.05% | 175.11% | 169.45% | 110.18% | 2,281.44% |
| Total Other Income/Expenses | -92.00K | -38.13M | -46.14M | -70.89M | -50.03M | -55.30M | -33.47M | -30.00M | -11.27M | -8.84M | -14.12M | -2.80M | -148.00K | 31.48M | 24.81M | -45.38M | -62.04M | 0.00 | 0.00 | 0.00 | -36.89M | -47.62M | -62.06M | -66.41M | -58.80M | -61.40M | -55.60M | -43.90M | -40.00M |
| Income Before Tax | 136.77M | 193.92M | 142.24M | 81.04M | 107.36M | 85.50M | 65.33M | 35.20M | 31.21M | 30.53M | 24.94M | 30.95M | 32.21M | 30.78M | 24.81M | 21.62M | 935.00K | 19.20M | 29.83M | 27.70M | 30.85M | 29.90M | 29.31M | 23.21M | 25.00M | 20.20M | 21.50M | -600.00K | 12.61M |
| Income Before Tax Ratio | 35.46% | 44.93% | 40.40% | 22.07% | 36.74% | 31.54% | 33.89% | 25.45% | 34.17% | 34.47% | 30.61% | 34.28% | 34.72% | 33.30% | 30.61% | 30.52% | 1.69% | 26.76% | 35.09% | 36.09% | 40.38% | 41.70% | 43.14% | 41.56% | 46.55% | 43.35% | 47.25% | -1.53% | 546.66% |
| Income Tax Expense | 32.70M | 46.57M | 32.17M | 17.73M | 18.78M | 13.57M | 22.86M | 12.15M | 10.88M | 10.61M | 8.61M | 10.93M | 11.47M | 10.40M | 9.16M | 6.86M | -140.00K | 6.56M | 10.34M | 9.76M | 10.97M | 9.75M | 10.06M | 6.83M | 8.70M | 7.20M | 7.70M | 1.10M | 4.66M |
| Net Income | 104.03M | 146.60M | 110.08M | 63.31M | 88.57M | 71.93M | 42.47M | 23.05M | 20.32M | 19.92M | 16.33M | 20.02M | 20.74M | 20.38M | 15.65M | 14.76M | 1.08M | 12.63M | 19.50M | 17.95M | 19.87M | 20.14M | 18.16M | 16.38M | 16.30M | 13.00M | 13.80M | -1.70M | 7.95M |
| Net Income Ratio | 26.97% | 33.97% | 31.26% | 17.24% | 30.31% | 26.53% | 22.04% | 16.66% | 22.25% | 22.49% | 20.04% | 22.17% | 22.36% | 22.05% | 19.31% | 20.84% | 1.94% | 17.61% | 22.93% | 23.38% | 26.01% | 28.10% | 26.73% | 29.34% | 30.35% | 27.90% | 30.33% | -4.33% | 344.62% |
| EPS | 1.70 | 2.43 | 1.79 | 1.02 | 1.77 | 1.54 | 1.32 | 1.00 | 1.22 | 1.19 | 0.96 | 1.13 | 1.14 | 1.12 | 0.98 | 1.27 | 0.09 | 1.09 | 1.65 | 1.48 | 1.62 | 1.57 | 1.31 | 1.06 | 0.91 | 0.65 | 0.30 | -0.06 | 0.29 |
| EPS Diluted | 1.70 | 2.42 | 1.78 | 1.02 | 1.75 | 1.51 | 1.28 | 0.98 | 1.21 | 1.19 | 0.95 | 1.12 | 1.14 | 1.12 | 0.98 | 1.26 | 0.09 | 1.07 | 1.60 | 1.42 | 1.53 | 1.47 | 1.23 | 1.03 | 0.89 | 0.63 | 0.29 | -0.06 | 0.29 |
| Weighted Avg Shares Out | 58.95M | 58.73M | 59.41M | 59.92M | 50.17M | 46.77M | 32.11M | 23.09M | 16.60M | 16.69M | 17.07M | 17.73M | 18.19M | 18.14M | 12.74M | 11.67M | 11.55M | 11.55M | 11.79M | 12.11M | 12.29M | 12.82M | 13.93M | 15.44M | 17.99M | 20.00M | 46.03M | 27.16M | 27.16M |
| Weighted Avg Shares Out (Dil) | 58.96M | 58.88M | 59.65M | 60.07M | 50.75M | 47.66M | 33.13M | 23.53M | 16.81M | 16.80M | 17.16M | 17.83M | 18.24M | 18.19M | 12.78M | 11.76M | 11.65M | 11.77M | 12.22M | 12.67M | 13.02M | 13.70M | 14.76M | 16.00M | 18.45M | 20.52M | 46.91M | 27.16M | 27.16M |
OceanFirst Financial Corp. Announces Second Quarter Financial Results
RED BANK, New Jersey, July 29, 2021 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:“OCFC”), (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), today announced net income available to common stockholders of $29.6 million, or $0.49 per diluted...
OceanFirst Bank N.A. Continues Regional Expansion With Appointments of Daniel Griggs and Tom Crawford
RED BANK, N.J., July 26, 2021 (GLOBE NEWSWIRE) -- OceanFirst Bank N.A. (“OceanFirst”), the wholly owned subsidiary of OceanFirst Financial Corp. (NASDAQ:OCFC), announces the addition of two experienced commercial banking officers to lead the Bank's ongoing expansion plans in the...
OceanFirst Financial Corp. Declares Quarterly Cash Dividend for Series A Preferred Stock
RED BANK, N.J., July 20, 2021 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:“OCFC”), (the “Company”), announced that its Board of Directors has declared a quarterly cash dividend of $0.4375 per share for every depositary share, representing 1/40th interest in the...
OceanFirst Financial Corp. Schedules Earnings Conference Call
RED BANK, N.J., June 30, 2021 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC), the holding company for OceanFirst Bank, today announced that it will issue its earnings release for the quarter ended June 30, 2021 on Thursday, July 29, 2021...
OceanFirst Financial Corp. Announces 2021 Stock Repurchase Program
RED BANK, N.J., June 25, 2021 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:“OCFC”), (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), today announced the authorization of the Board of Directors of the 2021 Stock Repurchase Program to...
OceanFirst Financial Corp (OCFC) CEO Christopher Maher on Q1 2021 Results - Earnings Call Transcript
OceanFirst Financial Corp (OCFC) CEO Christopher Maher on Q1 2021 Results - Earnings Call Transcript
OceanFirst Financial Corp. Announces First Quarter Financial Results
RED BANK, New Jersey, April 29, 2021 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:“OCFC”), (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), today announced that net income available to common stockholders was $31.7 million, or $0.53 per...
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of OceanFirst Financial Corp. (OCFC)
New York, New York--(Newsfile Corp. - April 26, 2021) - Levi & Korsinsky announces it has commenced an investigation of OceanFirst Financial Corp. (NASDAQ: OCFC) concerning possible breaches of fiduciary duty. To obtain additional information, go to:https://www.zlk.com/compensation2/oceanfirst-financial-corp-information-request-formor contact Joseph E. Levi,...
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Source: https://incomestatements.info
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