OceanFirst Financial Corp. (OCFC)
NASDAQ: OCFC · Real-Time Price · USD
17.01
-0.05 (-0.29%)
Mar 31, 2025, 4:00 PM EDT - Market closed
OceanFirst Financial Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2019 - 2015 |
|---|---|---|---|---|---|---|
Period Ending | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2019 - 2015 |
| Interest Income on Loans | 545.24 | 521.87 | 390.39 | 315.24 | 349.22 | Upgrade
|
| Interest Income on Investments | 96.93 | 86.11 | 40.79 | 26.86 | 30.39 | Upgrade
|
| Total Interest Income | 642.17 | 607.97 | 431.18 | 342.09 | 379.61 | Upgrade
|
| Interest Paid on Deposits | 242.13 | 172.02 | 31.02 | 25.21 | 48.29 | Upgrade
|
| Interest Paid on Borrowings | 66.01 | 66.23 | 22.68 | 11.54 | 18.37 | Upgrade
|
| Total Interest Expense | 308.14 | 238.24 | 53.7 | 36.75 | 66.66 | Upgrade
|
| Net Interest Income | 334.04 | 369.73 | 377.48 | 305.34 | 312.95 | Upgrade
|
| Net Interest Income Growth (YoY) | -9.65% | -2.05% | 23.63% | -2.43% | 22.26% | Upgrade
|
| Trust Income | 1.75 | 2.53 | 2.39 | 2.34 | 2.05 | Upgrade
|
| Gain (Loss) on Sale of Assets | 3.46 | - | - | - | - | Upgrade
|
| Gain (Loss) on Sale of Investments | 4.23 | -3.73 | 9.69 | 7.15 | 21.21 | Upgrade
|
| Other Non-Interest Income | 37.12 | 34.4 | 46.62 | 39.28 | 42.35 | Upgrade
|
| Total Non-Interest Income | 48.89 | 33.62 | 59.09 | 51.93 | 73.93 | Upgrade
|
| Non-Interest Income Growth (YoY) | 45.39% | -43.10% | 13.79% | -29.75% | 75.33% | Upgrade
|
| Revenues Before Loan Losses | 382.92 | 403.36 | 436.57 | 357.27 | 386.88 | Upgrade
|
| Provision for Loan Losses | 7.69 | 17.68 | 7.77 | -11.83 | 59.4 | Upgrade
|
| Revenue | 375.23 | 385.68 | 428.8 | 369.1 | 327.47 | Upgrade
|
| Revenue Growth (YoY) | -2.71% | -10.06% | 16.18% | 12.71% | 10.45% | Upgrade
|
| Salaries and Employee Benefits | 131.14 | 127.88 | 122.77 | 112.4 | 108.76 | Upgrade
|
| Occupancy Expenses | 16.23 | 16.55 | 15.82 | 14.55 | 14.34 | Upgrade
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| Federal Deposit Insurance | 10.96 | 11.16 | 7.36 | 6.16 | 4.87 | Upgrade
|
| Amortization of Goodwill & Intangibles | 3.33 | 3.98 | 4.72 | 5.45 | 6.19 | Upgrade
|
| Selling, General & Administrative | 54.96 | 64.58 | 58.17 | 53.77 | 52.43 | Upgrade
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| Other Non-Interest Expense | 27.48 | 24.67 | 22.6 | 20.69 | 36.27 | Upgrade
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| Total Non-Interest Expense | 244.1 | 248.82 | 231.43 | 213.02 | 222.86 | Upgrade
|
| EBT Excluding Unusual Items | 131.14 | 136.86 | 197.37 | 156.08 | 104.61 | Upgrade
|
| Pretax Income | 130.66 | 136.77 | 193.92 | 142.24 | 81.04 | Upgrade
|
| Income Tax Expense | 30.27 | 32.7 | 46.57 | 32.17 | 17.73 | Upgrade
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| Earnings From Continuing Operations | 100.39 | 104.07 | 147.36 | 110.08 | 63.31 | Upgrade
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| Minority Interest in Earnings | -0.33 | -0.04 | -0.75 | - | - | Upgrade
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| Net Income | 100.07 | 104.03 | 146.6 | 110.08 | 63.31 | Upgrade
|
| Preferred Dividends & Other Adjustments | 4.02 | 4.02 | 4.02 | 4.02 | 2.1 | Upgrade
|
| Net Income to Common | 96.05 | 100.01 | 142.59 | 106.06 | 61.21 | Upgrade
|
| Net Income Growth | -3.81% | -29.04% | 33.18% | 73.87% | -28.52% | Upgrade
|
| Basic Shares Outstanding | 58 | 59 | 59 | 59 | 60 | Upgrade
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| Diluted Shares Outstanding | 58 | 59 | 59 | 60 | 60 | Upgrade
|
| Shares Change (YoY) | -1.12% | 0.13% | -1.29% | -0.70% | 18.38% | Upgrade
|
| EPS (Basic) | 1.65 | 1.70 | 2.43 | 1.79 | 1.02 | Upgrade
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| EPS (Diluted) | 1.65 | 1.70 | 2.42 | 1.78 | 1.02 | Upgrade
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| EPS Growth | -2.89% | -29.89% | 35.95% | 74.51% | -41.71% | Upgrade
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| Dividend Per Share | 0.800 | 0.800 | 0.770 | 0.680 | 0.680 | Upgrade
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| Dividend Growth | - | 3.90% | 13.23% | - | - | Upgrade
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| Effective Tax Rate | 23.16% | 23.91% | 24.01% | 22.61% | 21.88% | Upgrade
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Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.