See more : Universus Photo Imagings Limited (UNIVPHOTO.BO) 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) Surpasses Q4 Earnings Estimates
OceanFirst (OCFC) delivered earnings and revenue surprises of 9.09% and 1.29%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
OceanFirst Financial (OCFC) Earnings Expected to Grow: Should You Buy?
OceanFirst (OCFC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
OceanFirst Financial Corp. Schedules Earnings Conference Call
RED BANK, N.J., Dec. 20, 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 December 31, 2021 on Thursday, January 27, 2022...
OceanFirst (OCFC) Signs $186M Merger Deal With Partners Bancorp
OceanFirst (OCFC) signs a merger deal with Partners Bancorp for $186 million, wherein the latter will merge into the former.
OceanFirst Financial's (OCFC) CEO Christopher Maher on Q3 2021 Results - Earnings Call Transcript
OceanFirst Financial's (OCFC) CEO Christopher Maher on Q3 2021 Results - Earnings Call Transcript
OceanFirst Financial (OCFC) Beats Q3 Earnings Estimates
OceanFirst (OCFC) delivered earnings and revenue surprises of 9.76% and -0.63%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
OceanFirst Financial Corp. Schedules Earnings Conference Call
RED BANK, N.J., Sept. 29, 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 September 30, 2021 on Thursday, October 28, 2021...
First Bank and OceanFirst Bank Announce Definitive Agreement for First Bank to Acquire Two Branch Locations in Central New Jersey Region
Transaction to include approximately $124 million in deposits and $14 million of loans, based on June 30, 2021 balances Transaction to include approximately $124 million in deposits and $14 million of loans, based on June 30, 2021 balances
OceanFirst Financial Corp. (OCFC) CEO Christopher Maher on Q2 2021 Results - Earnings Call Transcript
OceanFirst Financial Corp. (OCFC) CEO Christopher Maher on Q2 2021 Results - Earnings Call Transcript
OceanFirst Financial (OCFC) Surpasses Q2 Earnings Estimates
OceanFirst (OCFC) delivered earnings and revenue surprises of 13.95% and -1.56%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
Source: https://incomestatements.info
Category: Stock Reports