NASDAQ : OCFC
OceanFirst Financial Corp. — Financial statements
Financials · Banks - Regional · United States
Last price 17.94 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.80B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 707.91M | 556.89M | 545.24M | 521.87M | 390.39M | 315.24M |
| Interest Income on Investments | 143.42M | 85.56M | 96.93M | 86.11M | 40.79M | 26.86M |
| Total Interest Income | 851.33M | 642.45M | 642.17M | 607.97M | 431.18M | 342.09M |
| Interest Paid on Deposits | 278.62M | 216.18M | 242.13M | 172.02M | 31.02M | 25.21M |
| Interest Paid on Borrowings | 88.14M | 66.05M | 66.00M | 66.22M | 22.68M | 11.54M |
| Total Interest Expense | 366.75M | 282.23M | 308.14M | 238.24M | 53.70M | 36.75M |
| Net Interest Income | 484.57M | 360.22M | 334.04M | 369.73M | 377.48M | 305.34M |
| Trust Income | 1.68M | 1.51M | 1.75M | 2.53M | 2.39M | 2.34M |
| Gain (Loss) on Sale of Assets | 2.60M | 2.60M | 855.00K | |||
| Gain (Loss) on Sale of Investments | -481.00K | 916.00K | 4.22M | -3.73M | 9.69M | 7.14M |
| Other Non-Interest Income | 34.22M | 36.27M | 41.02M | 34.40M | 46.62M | 39.28M |
| Total Non-Interest Income | 39.78M | 44.70M | 50.19M | 33.62M | 59.09M | 51.93M |
| Revenues Before Loan Losses | 524.35M | 404.92M | 384.22M | 403.36M | 436.57M | 357.27M |
| Provision for Loan Losses | 14.71M | 16.17M | 7.69M | 17.68M | 7.77M | -11.83M |
| Revenue | 509.64M | 388.75M | 376.53M | 385.68M | 428.80M | 369.10M |
| Salaries and Employee Benefits | 185.94M | 153.32M | 131.14M | 127.88M | 122.77M | 112.40M |
| Occupancy Expenses | 17.86M | 17.86M | 16.23M | 16.55M | 15.82M | 14.55M |
| Federal Deposit Insurance | 15.06M | 11.60M | 10.96M | 11.16M | 7.36M | 6.16M |
| Amortization of Goodwill & Intangibles | 10.44M | 3.63M | 3.33M | 3.98M | 4.72M | 5.45M |
| Selling, General & Administrative | 78.10M | 63.12M | 54.96M | 64.58M | 58.17M | 53.77M |
| Other Non-Interest Expense | 35.73M | 30.93M | 27.48M | 24.67M | 22.60M | 20.69M |
| Total Non-Interest Expense | 343.13M | 280.46M | 244.10M | 248.82M | 231.43M | 213.02M |
| EBT Excluding Unusual Items | 166.50M | 108.30M | 132.44M | 136.86M | 197.37M | 156.08M |
| Pretax Income | 70.86M | 92.52M | 130.66M | 136.76M | 193.92M | 142.24M |
| Income Tax Expense | 23.83M | 21.49M | 30.27M | 32.70M | 46.56M | 32.16M |
| Earnings From Continuing Operations | 47.03M | 71.03M | 100.39M | 104.06M | 147.36M | 110.08M |
| Minority Interest in Earnings | -49.00K | -325.00K | -36.00K | -754.00K | ||
| Net Income | 47.03M | 70.98M | 100.06M | 104.03M | 146.60M | 110.08M |
| Preferred Dividends & Other Adjustments | 3.85M | 4.02M | 4.02M | 4.02M | 4.02M | |
| Net Income to Common | 47.03M | 67.13M | 96.05M | 100.01M | 142.59M | 106.06M |
| Basic Shares Outstanding | 100.32M | 57.42M | 58.30M | 58.95M | 58.73M | 59.41M |
| Diluted Shares Outstanding | 100.32M | 57.42M | 58.30M | 58.96M | 58.88M | 59.65M |
| EPS (Basic) | 0.47 | 1.17 | 1.65 | 1.70 | 2.43 | 1.79 |
| EPS (Diluted) | 0.47 | 1.17 | 1.65 | 1.70 | 2.42 | 1.78 |
| Dividend Per Share | 0.80 | 0.80 | 0.80 | 0.80 | 0.77 | 0.68 |
| Effective Tax Rate | 33.63% | 23.23% | 23.16% | 23.91% | 24.01% | 22.61% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 269.82M | 135.13M | 123.61M | 153.72M | 167.95M | 204.95M |
| Investment Securities | 3.06B | 707.82M | 798.75M | 770.63M | 909.97M | 911.50M |
| Trading Asset Securities | 57.82M | 91.35M | 87.78M | 113.42M | 22.79M | |
| Mortgage-Backed Securities | 1.77B | 954.03M | 559.52M | 392.53M | 92.59M | 100.28M |
| Total Investments | 4.83B | 1.72B | 1.45B | 1.25B | 1.12B | 1.03B |
| Gross Loans | 16.51B | 11.05B | 10.13B | 10.20B | 9.93B | 8.63B |
| Allowance for Loan Losses | -212.29M | -83.73M | -73.61M | -67.14M | -56.82M | -48.85M |
| Net Loans | 16.30B | 10.97B | 10.06B | 10.14B | 9.87B | 8.58B |
| Property, Plant & Equipment | 126.41M | 130.34M | 130.71M | 140.35M | 145.76M | 143.27M |
| Goodwill | 530.85M | 517.48M | 523.31M | 506.15M | 506.15M | 500.32M |
| Other Intangible Assets | 84.49M | 9.05M | 12.68M | 9.51M | 13.50M | 18.21M |
| Loans Held for Sale | 5.77M | 21.21M | 5.17M | 690.00K | ||
| Accrued Interest Receivable | 95.45M | 49.01M | 45.91M | 51.87M | 44.70M | 32.61M |
| Other Current Assets | 28.00K | 2.72M | 6.23M | |||
| Other Real Estate Owned & Foreclosed | 13.57M | 10.27M | 1.81M | 106.00K | ||
| Other Long-Term Assets | 1.12B | 1.02B | 1.06B | 1.28B | 1.24B | 1.22B |
| Total Assets | 23.37B | 14.56B | 13.42B | 13.54B | 13.10B | 11.74B |
| Interest Bearing Deposits | 15.20B | 8.75B | 7.99B | 8.37B | 7.46B | 7.18B |
| Institutional Deposits | 474.60M | 457.20M | 412.00M | 117.70M | 145.40M | |
| Non-Interest Bearing Deposits | 2.88B | 1.74B | 1.62B | 1.66B | 2.10B | 2.41B |
| Total Deposits | 18.08B | 10.96B | 10.07B | 10.43B | 9.68B | 9.73B |
| Short-Term Borrowings | 32.85M | 108.50M | 152.05M | 161.00M | 182.57M | 141.62M |
| Current Portion of Long-Term Debt | 1.20B | |||||
| Current Portion of Leases | 5.60M | |||||
| Long-Term Debt | 496.56M | 181.98M | 196.12M | 194.77M | 193.47M | 227.24M |
| Federal Home Loan Bank Debt, Long-Term | 1.77B | 201.87M | 1.07B | 848.64M | 1.21B | |
| Long-Term Leases | 14.58M | 18.54M | 21.70M | 21.99M | 19.89M | |
| Trust Preferred Securities | 72.11M | |||||
| Other Long-Term Liabilities | 590.71M | 157.41M | 212.83M | 215.25M | 234.03M | 101.50M |
| Total Liabilities | 20.97B | 12.90B | 11.72B | 11.88B | 11.52B | 10.22B |
| Preferred Stock, Non-Redeemable | 1.00K | 1.00K | 1.00K | 1.00K | ||
| Total Preferred Equity | 1.00K | 1.00K | 1.00K | 1.00K | ||
| Common Stock | 2.40B | 625.00K | 613.00K | 613.00K | 612.00K | 611.00K |
| Additional Paid-In Capital | 1.12B | 1.17B | 1.16B | 1.15B | 1.15B | |
| Retained Earnings | 662.62M | 641.73M | 592.54M | 540.51M | 442.31M | |
| Treasury Stock | -115.56M | -90.62M | -69.11M | -69.11M | -61.71M | |
| Comprehensive Income & Other | -3.46M | -18.39M | -24.64M | -42.17M | -11.44M | |
| Total Common Equity | 2.40B | 1.66B | 1.70B | 1.66B | 1.58B | 1.52B |
| Minority Interest | 1.11M | 782.00K | 802.00K | |||
| Shareholders' Equity | 2.40B | 1.66B | 1.70B | 1.66B | 1.59B | 1.52B |
| Total Liabilities & Equity | 23.37B | 14.56B | 13.42B | 13.54B | 13.10B | 11.74B |
| Total Debt | 2.30B | 1.78B | 1.44B | 1.23B | 1.61B | 388.75M |
| Net Cash (Debt) | -2.03B | -1.59B | -1.22B | -984.61M | -1.33B | -161.01M |
| Net Cash Per Share | -20.28 | -27.64 | -21.00 | -16.70 | -22.55 | -2.70 |
| Filing Date Shares Outstanding | 100.32M | 57.34M | 58.43M | 58.76M | 58.88M | 58.81M |
| Total Common Shares Outstanding | 100.32M | 57.32M | 58.42M | 59.25M | 58.83M | 58.74M |
| Book Value Per Share | 23.88 | 29.00 | 29.13 | 28.04 | 26.94 | 25.82 |
| Tangible Book Value | 1.78B | 1.14B | 1.17B | 1.15B | 1.07B | 998.02M |
| Tangible Book Value Per Share | 17.75 | 19.82 | 19.95 | 19.33 | 18.10 | 16.99 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 70.98M | 100.06M | 104.03M | 146.60M | 110.08M | |
| Depreciation & Amortization | 14.41M | 14.54M | 16.40M | 16.48M | 14.88M | |
| Other Amortization | 338.00K | 626.00K | 598.00K | 548.00K | 824.00K | |
| Gain (Loss) on Sale of Assets | 2.00K | -986.00K | 666.00K | -569.00K | 7.47M | |
| Gain (Loss) on Sale of Investments | -4.42M | -3.25M | 7.56M | -2.52M | 1.32M | |
| Provision for Credit Losses | 16.17M | 7.69M | 17.68M | 7.77M | -11.83M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 19.33M | -13.69M | -4.05M | -542.00K | 48.71M | |
| Accrued Interest Receivable | -3.10M | 5.96M | -7.17M | -12.10M | 2.66M | |
| Change in Other Net Operating Assets | -25.56M | -17.99M | -15.44M | 91.87M | -9.03M | |
| Other Operating Activities | -3.49M | -5.93M | -3.75M | -6.09M | -9.63M | |
| Operating Cash Flow | 87.21M | 92.24M | 124.26M | 250.45M | 159.97M | |
| Capital Expenditures | -7.70M | -7.57M | -7.71M | -20.90M | -42.04M | |
| Sale of Property, Plant and Equipment | 2.75M | 4.26M | 3.72M | 8.13M | 3.54M | |
| Cash Acquisitions | -68.93M | 38.61M | ||||
| Investment in Securities | -228.38M | 67.62M | -219.25M | -9.01M | -584.71M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -929.65M | 123.03M | -280.66M | -1.29B | -866.45M | |
| Other Investing Activities | -13.54M | -12.01M | 15.90M | -51.90M | 11.81M | |
| Investing Cash Flow | -1.18B | 106.40M | -488.00M | -1.32B | -1.48B | |
| Short-Term Debt Issued | 3.95M | |||||
| Long-Term Debt Issued | 506.45M | 223.97M | 1.21B | |||
| Total Debt Issued | 506.45M | 223.97M | 3.95M | 1.21B | ||
| Short-Term Debt Repaid | -6.20M | -12.67M | -49.67M | -9.69M | ||
| Long-Term Debt Repaid | -125.00M | -362.53M | -35.10M | -7.61M | ||
| Total Debt Repaid | -131.20M | -12.67M | -362.53M | -84.78M | -17.30M | |
| Net Debt Issued (Repaid) | 375.25M | 211.31M | -358.58M | 1.13B | -17.30M | |
| Issuance of Common Stock | 717.00K | 571.00K | 702.00K | 424.00K | 1.95M | |
| Repurchase of Common Stock | -26.31M | -23.87M | -2.35M | -8.90M | -40.44M | |
| Preferred Share Repurchases | -57.37M | |||||
| Common Dividends Paid | -46.24M | -46.86M | -47.26M | -43.49M | -40.49M | |
| Preferred Dividends Paid | -2.01M | -4.02M | -4.02M | -4.02M | -4.02M | |
| Total Dividends Paid | -48.25M | -50.88M | -51.27M | -47.51M | -44.51M | |
| Net Increase (Decrease) in Deposit Accounts | 857.97M | -366.50M | 760.02M | -56.96M | 407.57M | |
| Other Financing Activities | -2.10M | 624.00K | 947.00K | 318.00K | -83.27M | |
| Financing Cash Flow | 1.10B | -228.75M | 349.47M | 1.01B | 223.99M | |
| Net Cash Flow | 11.52M | -30.10M | -14.27M | -56.80M | -1.09B | |
| Free Cash Flow | 79.51M | 84.68M | 116.55M | 229.55M | 117.93M | |
| Free Cash Flow Margin | 20.45% | 22.49% | 30.22% | 53.53% | 31.95% | |
| Free Cash Flow Per Share | 1.39 | 1.45 | 1.98 | 3.90 | 1.98 | |
| Cash Interest Paid | 279.17M | 320.26M | 225.41M | 49.70M | 37.38M | |
| Cash Income Tax Paid | 20.69M | 33.79M | 29.33M | 25.38M | 50.52M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.88B | 1.03B | 1.06B | 1.03B | 1.26B | 1.32B |
| Last Close Price | 17.94 | 17.39 | 16.74 | 15.30 | 17.84 | 18.00 |
| PE Ratio | 39.97 | 15.35 | 11.02 | 10.31 | 8.81 | 12.44 |
| PS Ratio | 3.66 | 2.65 | 2.81 | 2.67 | 2.93 | 3.57 |
| PB Ratio | 0.75 | 0.62 | 0.62 | 0.62 | 0.79 | 0.87 |
| P/FCF Ratio | 16.55 | 12.96 | 12.50 | 8.85 | 5.47 | 11.19 |
| P/OCF Ratio | 15.33 | 11.81 | 11.47 | 8.30 | 5.02 | 8.25 |
| Debt / Equity Ratio | 0.96 | 1.07 | 0.84 | 0.74 | 1.01 | 0.26 |
| Debt / FCF Ratio | 22.39 | 17.00 | 10.52 | 7.01 | 3.30 | |
| Net Debt / Equity Ratio | 0.85 | 0.95 | 0.72 | 0.59 | 0.84 | 0.11 |
| Net Debt / FCF Ratio | 19.96 | 14.46 | 8.45 | 5.78 | 1.36 | |
| Return on Equity (ROE) | 2.32% | 4.22% | 5.97% | 6.41% | 9.50% | 7.34% |
| Return on Assets (ROA) | 0.25% | 0.51% | 0.74% | 0.78% | 1.19% | 0.95% |
| Earnings Yield | 2.50% | 6.89% | 9.46% | 10.08% | 11.67% | 8.34% |
| FCF Yield | 6.04% | 7.72% | 8.00% | 11.30% | 18.27% | 8.94% |
| Dividend Yield | 4.27% | 4.45% | 4.42% | 4.59% | 3.60% | 3.03% |
| Payout Ratio | 170.64% | 67.97% | 50.85% | 49.29% | 32.41% | 40.44% |
| Buyback Yield / Dilution | -73.89% | 1.50% | 1.12% | -0.13% | 1.29% | 0.70% |
| Total Shareholder Return | -69.56% | 5.95% | 5.54% | 4.46% | 4.90% | 3.73% |