OceanFirst Financial Corp. (OCFC)

Redfin Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	540.57	545.24	521.87	390.39	315.24	349.22
Interest Income on Investments	89.1	96.93	86.11	40.79	26.86	30.39
Total Interest Income	629.67	642.17	607.97	431.18	342.09	379.61
Interest Paid on Deposits	225.53	242.13	172.02	31.02	25.21	48.29
Interest Paid on Borrowings	64.31	66.01	66.23	22.68	11.54	18.37
Total Interest Expense	289.84	308.14	238.24	53.7	36.75	66.66
Net Interest Income	339.84	334.04	369.73	377.48	305.34	312.95
Net Interest Income Growth (YoY)	-2.15%	-9.65%	-2.05%	23.63%	-2.43%	22.26%
Trust Income	1.58	1.75	2.53	2.39	2.34	2.05
Gain (Loss) on Sale of Assets	3.46	3.46	-	-	-	-
Gain (Loss) on Sale of Investments	2.11	4.23	-3.73	9.69	7.15	21.21
Other Non-Interest Income	38.14	37.12	34.4	46.62	39.28	42.35
Total Non-Interest Income	48.6	48.89	33.62	59.09	51.93	73.93
Non-Interest Income Growth (YoY)	5.90%	45.39%	-43.10%	13.79%	-29.75%	75.33%
Revenues Before Loan Losses	388.44	382.92	403.36	436.57	357.27	386.88
Provision for Loan Losses	12.36	7.69	17.68	7.77	-11.83	59.4
Revenue	376.08	375.23	385.68	428.8	369.1	327.47
Revenue Growth (YoY)	0.00%	-2.71%	-10.06%	16.18%	12.71%	10.45%
Salaries and Employee Benefits	142.23	131.14	127.88	122.77	112.4	108.76
Occupancy Expenses	16.23	16.23	16.55	15.82	14.55	14.34
Federal Deposit Insurance	11.02	10.96	11.16	7.36	6.16	4.87
Amortization of Goodwill & Intangibles	3.53	3.33	3.98	4.72	5.45	6.19
Selling, General & Administrative	58.96	54.96	64.58	58.17	53.77	52.43
Other Non-Interest Expense	30.61	27.48	24.67	22.6	20.69	36.27
Total Non-Interest Expense	262.57	244.1	248.82	231.43	213.02	222.86
EBT Excluding Unusual Items	113.5	131.14	136.86	197.37	156.08	104.61
Pretax Income	113.02	130.66	136.77	193.92	142.24	81.04
Income Tax Expense	25.13	30.27	32.7	46.57	32.17	17.73
Earnings From Continuing Operations	87.9	100.39	104.07	147.36	110.08	63.31
Minority Interest in Earnings	-0.32	-0.33	-0.04	-0.75	-	-
Net Income	87.58	100.07	104.03	146.6	110.08	63.31
Preferred Dividends & Other Adjustments	5.86	4.02	4.02	4.02	4.02	2.1
Net Income to Common	81.72	96.05	100.01	142.59	106.06	61.21
Net Income Growth	-13.62%	-3.81%	-29.04%	33.18%	73.87%	-28.52%
Basic Shares Outstanding	58	58	59	59	59	60
Diluted Shares Outstanding	58	58	59	59	60	60
Shares Change (YoY)	-1.19%	-1.12%	0.13%	-1.29%	-0.70%	18.38%
EPS (Basic)	1.41	1.65	1.70	2.43	1.79	1.02
EPS (Diluted)	1.41	1.65	1.70	2.42	1.78	1.02
EPS Growth	-15.06%	-2.89%	-29.89%	35.95%	74.51%	-41.71%
Dividend Per Share	0.800	0.800	0.800	0.770	0.680	0.680
Dividend Growth	-	-	3.90%	13.23%	-	-
Effective Tax Rate	22.23%	23.16%	23.91%	24.01%	22.61%	21.88%

Updated May 2, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q