See more : Filae S.A. (ALFIL.PA) 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 (OCFC) Q3 Earnings and Revenues Surpass Estimates
OceanFirst (OCFC) delivered earnings and revenue surprises of 7.14% and 0.83%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
Are You Looking for a High-Growth Dividend Stock?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does OceanFirst Financial (OCFC) have what it takes?
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OceanFirst Financial Corp. Schedules Earnings Conference Call
RED BANK, N.J., Sept. 13, 2022 (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 September 30, 2022 on Monday, October 24, 2022...
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Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does OceanFirst Financial (OCFC) have what it takes?
Does OceanFirst (OCFC) Have the Potential to Rally 28% as Wall Street Analysts Expect?
The mean of analysts' price targets for OceanFirst (OCFC) points to a 28.3% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in...
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SOHO, DGII, and OCFC made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 16, 2022.
This is Why OceanFirst Financial (OCFC) is a Great Dividend Stock
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does OceanFirst Financial (OCFC) have what it takes?
OceanFirst Financial Corp. (OCFC) CEO Christopher Maher on Q2 2022 Results - Earnings Call Transcript
OceanFirst Financial Corp. (NASDAQ:OCFC ) Q2 2022 Earnings Conference Call July 29, 2022 11:00 AM ET Company Participants Jill Hewitt - SVP & IR Christopher Maher - Chairman & CEO Joseph Lebel - President & COO Conference Call Participants Michael...
OceanFirst Financial (OCFC) Q2 Earnings Top Estimates
OceanFirst (OCFC) delivered earnings and revenue surprises of 9.26% and 0.16%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
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