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OceanFirst Financial (OCFC) Financials

OceanFirst Financial logo
$16.41 +0.03 (+0.18%)
Closing price 08/8/2025 04:00 PM Eastern
Extended Trading
$16.42 +0.00 (+0.03%)
As of 08/8/2025 04:31 PM Eastern
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Annual Income Statements for OceanFirst Financial

Annual Income Statements for OceanFirst Financial

This table shows OceanFirst Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 20 20 23 42 72 89 61 106 143 100 96
Consolidated Net Income / (Loss)		 20 20 23 42 72 89 63 110 147 104 100
Net Income / (Loss) Continuing Operations		 20 20 23 42 72 89 63 110 147 104 100
Total Pre-Tax Income 		31 31 35 65 86 107 81 142 194 137 131
Total Revenue		 91 93 141 196 275 298 387 357 437 403 384
Net Interest Income / (Expense)		 72 77 120 169 241 256 313 305 377 370 334
Total Interest Income		 80 86 133 189 277 309 380 342 431 608 642
Loans and Leases Interest Income		 71 78 123 171 250 280 349 315 390 522 545
Investment Securities Interest Income		 9.29 8.17 10 18 27 29 30 27 41 86 97
Total Interest Expense		 7.51 9.03 13 20 36 53 67 37 54 238 308
Deposits Interest Expense		 4.10 4.30 7.52 12 23 38 48 25 31 172 242
Long-Term Debt Interest Expense		 3.40 4.73 5.65 7.28 14 14 18 12 23 66 66
Total Non-Interest Income		 19 16 20 27 35 42 74 52 59 34 50
Other Service Charges		 13 13 18 25 32 32 30 31 35 31 35
Net Realized & Unrealized Capital Gains on Investments		 1.82 -0.15 0.13 -0.77 -2.67 5.24 38 14 17 -2.56 7.44
Other Non-Interest Income		 1.48 1.50 2.23 3.30 5.11 5.42 6.42 6.83 6.58 5.28 7.91
Provision for Credit Losses		 2.63 1.28 2.62 4.45 3.49 1.64 59 -12 7.77 18 7.69
Total Non-Interest Expense		 58 61 103 127 186 189 246 227 235 249 246
Salaries and Employee Benefits		 31 32 47 60 83 90 114 120 132 136 138
Net Occupancy & Equipment Expense		 13 14 21 26 40 40 46 47 49 51 49
Marketing Expense		 1.80 1.52 1.88 2.68 3.42 3.47 3.12 2.17 2.95 4.24 5.17
Property & Liability Insurance Claims		 2.13 2.07 2.83 2.56 3.71 2.23 4.87 6.16 7.36 11 11
Other Operating Expenses		 9.39 9.16 13 25 26 39 56 44 36 43 37
Amortization Expense		 - 0.02 0.62 2.04 3.81 4.03 6.19 5.45 4.72 3.98 3.33
Restructuring Charge		 - 1.88 17 8.29 27 11 16 1.50 2.74 0.02 1.78
Income Tax Expense		 11 11 12 23 14 19 18 32 47 33 30
Preferred Stock Dividends Declared		 - - - - 0.00 0.00 2.10 4.02 4.02 4.02 4.02
Basic Earnings per Share		 $1.19 $1.22 $1.00 $1.32 $1.54 $1.77 $1.02 $1.79 $2.43 $1.70 $1.65
Weighted Average Basic Shares Outstanding		 16.69M 16.60M 23.09M 32.11M 46.77M 50.17M 59.92M 59.41M 58.73M 58.95M 58.30M
Diluted Earnings per Share		 $1.19 $1.21 $0.98 $1.28 $1.51 $1.75 $1.02 $1.78 $2.42 $1.70 $1.65
Weighted Average Diluted Shares Outstanding		 16.80M 16.81M 23.53M 33.13M 47.66M 50.75M 60.07M 59.65M 58.88M 58.96M 58.30M
Weighted Average Basic & Diluted Shares Outstanding		 16.70M 16.70M 23M 32.20M 46.70M 60.30M 59.92M 59.24M 59.20M 58.95M 58.56M
Cash Dividends to Common per Share		 - - - - $0.62 $0.68 $0.68 $0.68 $0.74 $0.80 $0.80

Quarterly Income Statements for OceanFirst Financial

This table shows OceanFirst Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Income / (Loss) Attributable to Common Shareholders		 52 27 27 20 27 28 23 24 21 21 16
Consolidated Net Income / (Loss)		 53 28 28 21 28 29 24 25 22 22 19
Net Income / (Loss) Continuing Operations		 53 28 28 21 28 29 24 25 22 21 19
Total Pre-Tax Income 		71 37 37 27 36 39 32 33 27 28 25
Total Revenue		 134 101 101 102 100 99 93 97 96 98 99
Net Interest Income / (Expense)		 106 99 92 91 88 86 82 82 83 87 88
Total Interest Income		 130 139 150 158 160 162 159 162 160 154 155
Loans and Leases Interest Income		 117 122 129 134 137 137 136 137 135 133 135
Investment Securities Interest Income		 13 17 21 24 23 24 23 25 24 21 19
Total Interest Expense		 24 40 58 67 73 75 77 79 76 67 67
Deposits Interest Expense		 13 21 38 53 59 60 60 62 60 51 52
Long-Term Debt Interest Expense		 10 19 20 14 13 16 17 17 16 16 15
Total Non-Interest Income		 28 2.07 8.93 11 12 12 11 15 12 11 12
Other Service Charges		 8.14 6.87 8.27 7.84 7.92 8.01 7.71 11 8.56 7.73 8.34
Net Realized & Unrealized Capital Gains on Investments		 18 -6.08 -0.53 1.53 2.51 2.42 1.55 2.34 1.14 1.67 1.61
Other Non-Interest Income		 1.70 1.28 1.18 1.39 1.43 1.86 1.73 1.78 2.54 1.85 1.79
Provision for Credit Losses		 3.65 3.01 1.23 10 3.15 0.59 3.11 0.52 3.47 5.34 3.04
Total Non-Interest Expense		 59 61 63 64 60 59 59 64 65 64 71
Salaries and Employee Benefits		 34 34 34 36 32 33 33 36 37 37 40
Net Occupancy & Equipment Expense		 11 13 13 13 13 12 12 12 13 13 13
Marketing Expense		 0.71 0.98 0.96 1.18 1.11 0.99 1.18 1.39 1.62 1.11 1.54
Property & Liability Insurance Claims		 1.92 1.75 2.47 2.56 4.39 3.14 2.69 2.62 2.52 2.98 2.90
Other Operating Expenses		 11 11 12 11 8.77 8.66 8.55 9.29 10 9.46 13
Amortization Expense		 1.16 1.03 0.99 0.99 0.98 0.84 0.81 0.80 0.88 0.94 0.91
Income Tax Expense		 17 8.65 9.00 6.46 8.59 11 7.08 7.46 5.08 6.81 5.77
Preferred Stock Dividends Declared		 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00
Basic Earnings per Share		 $0.89 $0.46 $0.45 $0.33 $0.46 $0.47 $0.40 $0.42 $0.36 $0.35 $0.28
Weighted Average Basic Shares Outstanding		 58.73M 58.77M 59.15M 59.10M 58.95M 58.79M 58.36M 58.07M 58.30M 58.10M 57.74M
Diluted Earnings per Share		 $0.89 $0.46 $0.45 $0.33 $0.46 $0.47 $0.40 $0.42 $0.36 $0.35 $0.28
Weighted Average Diluted Shares Outstanding		 58.88M 58.92M 59.15M 59.11M 58.96M 58.79M 58.36M 58.07M 58.30M 58.11M 57.74M
Weighted Average Basic & Diluted Shares Outstanding		 59.20M 59.49M 59.42M 59.42M 58.95M 58.71M 58.48M 58.46M 58.56M 58.38M 57.39M

Annual Cash Flow Statements for OceanFirst Financial

This table details how cash moves in and out of OceanFirst Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 2.16 7.83 257 -192 13 11 1,185 -1,094 -57 -14 -30
Net Cash From Operating Activities		 28 28 33 80 93 100 133 160 250 124 92
Net Cash From Continuing Operating Activities		 28 28 33 80 93 100 133 160 250 124 92
Net Income / (Loss) Continuing Operations		 20 20 23 42 72 89 63 110 147 104 100
Consolidated Net Income / (Loss)		 20 20 23 42 72 89 63 110 147 104 100
Provision For Loan Losses		 2.63 1.28 2.62 4.45 3.49 1.64 59 -12 7.77 18 7.69
Depreciation Expense		 2.92 3.34 4.79 6.30 8.71 8.36 8.45 9.36 12 12 11
Amortization Expense		 3.90 2.31 2.16 5.92 8.73 9.10 15 16 14 6.71 2.08
Non-Cash Adjustments to Reconcile Net Income		 -1.93 2.87 2.62 34 -18 8.89 -95 36 -16 0.81 -23
Changes in Operating Assets and Liabilities, net		 0.15 -1.79 -1.81 -13 17 -16 82 0.47 86 -17 -5.47
Net Cash From Investing Activities		 -111 -95 272 -455 49 -172 -22 -1,478 -1,321 -488 106
Net Cash From Continuing Investing Activities		 -111 -95 272 -455 49 -172 -22 -1,478 -1,321 -488 106
Purchase of Property, Leasehold Improvements and Equipment		 -3.97 -3.89 -6.67 -49 -11 -5.08 -15 -42 -21 -7.71 -7.57
Purchase of Investment Securities		 -274 -244 -137 -557 -370 -282 -458 -1,358 -791 -525 -516
Sale of Property, Leasehold Improvements and Equipment		 - - 0.00 0.00 10 2.35 1.17 3.54 8.13 3.72 4.26
Divestitures		 - 3.70 49 - 0.00 - 23 0.00 39 0.00 0.00
Sale and/or Maturity of Investments		 167 149 366 150 316 328 854 475 571 285 427
Other Investing Activities, net		 - - - - 104 -216 -428 -556 -1,127 -244 199
Net Cash From Financing Activities		 86 75 -48 183 -128 83 1,075 224 1,014 349 -229
Net Cash From Continuing Financing Activities		 86 75 -48 183 -128 83 1,075 224 1,014 349 -229
Net Change in Deposits		 -27 73 131 156 -143 66 1,508 408 -57 760 -367
Issuance of Debt		 240 55 89 50 126 186 701 0.00 1,211 -363 224
Repayment of Debt		 -110 -40 -259 -1.92 -68 -107 -1,128 -17 -85 3.95 -13
Repurchase of Common Equity		 -9.18 -6.46 -1.88 0.00 -11 -26 -15 -36 -7.40 0.00 -21
Payment of Dividends		 -8.24 -8.69 -13 -19 -30 -34 -43 -45 -48 -51 -51
Other Financing Activities, Net		 0.25 1.03 5.72 -1.04 -3.46 -1.71 -3.65 -86 -0.76 -0.70 -1.20
Cash Interest Paid		 7.24 8.93 13 20 36 52 66 37 50 225 320
Cash Income Taxes Paid		 12 11 11 6.01 2.32 20 5.74 51 25 29 34

Quarterly Cash Flow Statements for OceanFirst Financial

This table details how cash moves in and out of OceanFirst Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Change in Cash & Equivalents		 -2.72 328 -38 -49 -255 -23 51 33 -91 40 6.88
Net Cash From Operating Activities		 40 24 72 55 -27 46 24 -22 45 -1.79 29
Net Cash From Continuing Operating Activities		 40 24 72 55 -27 46 24 -22 45 -1.79 29
Net Income / (Loss) Continuing Operations		 53 28 28 21 28 29 24 25 22 21 19
Consolidated Net Income / (Loss)		 53 28 28 21 28 29 24 25 22 21 19
Provision For Loan Losses		 3.65 3.01 1.23 10 3.15 0.59 3.11 0.52 3.47 5.34 3.04
Depreciation Expense		 3.16 3.09 2.99 3.08 3.16 2.87 2.83 2.58 2.63 2.54 2.54
Amortization Expense		 3.71 2.14 1.39 2.85 0.33 0.44 0.89 0.84 -0.09 -1.26 -1.08
Non-Cash Adjustments to Reconcile Net Income		 -14 6.48 -1.69 1.57 -5.55 -0.56 -0.51 -23 0.63 11 -7.36
Changes in Operating Assets and Liabilities, net		 -9.21 -18 40 17 -56 14 -7.04 -29 16 -41 12
Net Cash From Investing Activities		 -412 -147 -7.97 8.73 -342 121 148 -154 -8.60 124 -24
Net Cash From Continuing Investing Activities		 -412 -147 -7.97 8.73 -342 121 148 -154 -8.60 124 -24
Purchase of Property, Leasehold Improvements and Equipment		 -1.75 -2.15 -2.56 -1.35 -1.65 -0.68 -4.18 -1.09 -1.62 -1.86 -1.39
Purchase of Investment Securities		 -342 -131 -46 -2.41 -347 -23 -53 -256 -185 -86 -121
Sale and/or Maturity of Investments		 120 107 83 59 36 74 96 104 152 209 155
Other Investing Activities, net		 -188 -121 -43 -47 -33 70 105 -1.51 26 2.56 -56
Net Cash From Financing Activities		 369 451 -102 -112 114 -190 -121 209 -127 -82 1.98
Net Cash From Continuing Financing Activities		 369 451 -102 -112 114 -190 -121 209 -127 -82 1.98
Net Change in Deposits		 -284 318 165 376 -99 -198 -243 122 -48 111 55
Issuance of Debt		 697 135 -130 8.50 -376 229 196 -3.69 -6.64 0.00 0.89
Repayment of Debt		 -27 1.81 -121 -486 609 -197 -53 103 -56 -177 43
Repurchase of Common Equity		 - 0.00 - - - -15 -4.96 -1.40 0.01 -6.90 -17
Payment of Dividends		 -13 -13 -13 -13 -13 -13 -13 -13 -13 -13 -13
Other Financing Activities, Net		 -4.20 8.09 -3.47 1.85 -7.18 3.59 -3.03 2.02 -3.77 4.23 -10
Cash Interest Paid		 22 34 52 63 76 63 83 74 101 67 67
Cash Income Taxes Paid		 13 1.27 19 8.08 1.18 1.90 18 7.19 6.90 1.57 11

Annual Balance Sheets for OceanFirst Financial

This table presents OceanFirst Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 2,357 2,593 5,167 5,416 7,516 8,246 11,448 11,740 13,104 13,538 13,421
Cash and Due from Banks		 36 44 301 110 121 121 1,272 205 168 154 124
Trading Account Securities		 489 425 611 846 948 920 1,121 1,707 1,679 1,914 1,873
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Loans Held for Sale		 1,693 1,973 3,805 3,966 5,579 0.00 7,750 8,583 9,869 10,142 10,077
Premises and Equipment, Net		 25 28 71 102 111 103 107 126 127 121 115
Goodwill		 - 1.82 145 151 338 375 500 500 506 506 523
Intangible Assets		 - 0.26 11 8.89 17 16 24 18 13 9.51 13
Other Assets		 114 121 222 234 402 6,713 674 600 741 692 696
Total Liabilities & Shareholders' Equity		 2,357 2,593 5,167 5,416 7,516 8,246 11,448 11,740 13,104 13,538 13,421
Total Liabilities		 2,138 2,355 4,595 4,814 6,477 7,093 9,964 10,223 11,518 11,876 11,718
Non-Interest Bearing Deposits		 1,720 1,917 4,188 4,343 5,815 6,329 9,428 9,733 9,675 10,435 10,066
Interest Bearing Deposits		 6.32 7.12 14 11 14 14 17 20 21 22 23
Short-Term Debt		 68 98 126 136 161 72 128 119 69 73 61
Long-Term Debt		 333 324 250 289 449 616 235 229 1,407 1,045 1,270
Other Long-Term Liabilities		 11 8.07 16 35 37 63 155 122 346 301 298
Total Equity & Noncontrolling Interests		 218 238 572 602 1,039 1,153 1,484 1,517 1,585 1,662 1,703
Total Preferred & Common Equity		 218 238 572 602 1,039 1,153 1,484 1,517 1,585 1,661 1,702
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 218 238 572 602 1,039 1,153 1,484 1,517 1,585 1,661 1,702
Common Stock		 262 267 362 352 749 833 1,131 1,139 1,149 1,159 1,166
Retained Earnings		 218 229 238 271 305 359 378 442 541 593 642
Treasury Stock		 -255 -252 -23 -16 -11 -37 -26 -62 -69 -69 -91
Accumulated Other Comprehensive Income / (Loss)		 -7.11 -6.24 -5.75 -5.35 -3.45 -1.21 0.62 -2.82 -36 -21 -16
Noncontrolling Interest		 - - - - - - - 0.00 0.80 0.78 1.11

Quarterly Balance Sheets for OceanFirst Financial

This table presents OceanFirst Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2022 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025
Period end date 6/30/2022 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025
Total Assets		 12,439 12,683 13,555 13,539 13,498 13,419 13,322 13,488 13,309 13,328
Cash and Due from Banks		 189 171 496 458 409 130 181 214 164 171
Trading Account Securities		 1,575 1,498 1,698 1,675 1,643 1,874 1,827 1,987 1,752 1,705
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Loans Held for Sale		 9,381 9,676 9,989 10,034 10,068 10,073 9,963 9,987 10,068 10,136
Premises and Equipment, Net		 128 128 126 124 123 119 117 116 115 113
Goodwill		 506 506 506 506 506 506 506 506 523 523
Intangible Assets		 16 15 12 11 10 8.67 7.86 7.06 12 11
Other Assets		 644 690 728 731 739 708 719 672 677 670
Total Liabilities & Shareholders' Equity		 12,439 12,683 13,555 13,539 13,498 13,419 13,322 13,488 13,309 13,328
Total Liabilities		 10,917 11,143 11,945 11,913 11,861 11,753 11,645 11,794 11,600 11,684
Non-Interest Bearing Deposits		 9,831 9,959 9,993 10,158 10,534 10,237 9,994 10,116 10,177 10,232
Interest Bearing Deposits		 24 25 31 28 30 28 25 27 29 19
Short-Term Debt		 105 291 71 74 83 67 504 81 65 61
Long-Term Debt		 683 514 1,542 1,288 802 1,084 789 1,312 1,089 1,137
Other Long-Term Liabilities		 273 353 307 364 412 337 332 258 240 235
Total Equity & Noncontrolling Interests		 1,521 1,540 1,610 1,626 1,638 1,666 1,677 1,695 1,709 1,644
Total Preferred & Common Equity		 1,520 1,539 1,610 1,625 1,637 1,665 1,676 1,694 1,708 1,643
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,520 1,539 1,610 1,625 1,637 1,665 1,676 1,694 1,708 1,643
Common Stock		 1,145 1,147 1,153 1,155 1,157 1,160 1,162 1,164 1,169 1,114
Retained Earnings		 474 500 555 570 578 608 620 632 651 655
Treasury Stock		 -69 -69 -69 -69 -69 -84 -89 -91 -98 -115
Accumulated Other Comprehensive Income / (Loss)		 -29 -38 -29 -30 -29 -19 -17 -12 -13 -11
Noncontrolling Interest		 0.94 0.96 0.82 0.85 0.71 0.73 0.78 0.85 0.80 0.83

Annual Metrics And Ratios for OceanFirst Financial

This table displays calculated financial ratios and metrics derived from OceanFirst Financial's official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 4.53% 2.56% 50.85% 39.54% 40.27% 8.28% 29.77% -7.65% 22.20% -7.61% -4.74%
EBITDA Growth		 13.75% -1.31% 14.37% 84.00% 32.74% 21.26% -16.52% 60.90% 30.77% -28.94% -7.81%
EBIT Growth		 22.40% 2.21% 12.80% 85.59% 30.89% 25.56% -24.51% 75.52% 36.33% -29.47% -4.47%
NOPAT Growth		 21.98% 2.02% 13.40% 84.28% 69.37% 23.14% -28.52% 73.87% 33.87% -29.38% -3.53%
Net Income Growth		 21.98% 2.02% 13.40% 84.28% 69.37% 23.14% -28.52% 73.87% 33.18% -29.04% -3.81%
EPS Growth		 25.26% 1.68% -19.01% 30.61% 17.97% 15.89% -41.71% 74.51% 35.96% -29.75% -2.94%
Operating Cash Flow Growth		 -22.22% 2.72% 17.98% 139.74% 15.50% 8.32% 32.33% 20.59% 56.56% -50.38% -25.77%
Free Cash Flow Firm Growth		 -276.99% 80.59% -1,099.01% 86.60% -1,454.92% 81.44% 154.90% 66.75% -1,220.24% 136.69% -139.71%
Invested Capital Growth		 27.55% 6.85% 43.51% 8.21% 60.69% 11.57% 0.39% 0.89% 64.18% -9.18% 9.11%
Revenue Q/Q Growth		 0.44% 2.37% 13.94% 3.83% 8.40% 1.36% 11.63% -6.52% 11.22% -7.85% -1.06%
EBITDA Q/Q Growth		 13.69% 0.80% 3.92% 19.66% 12.70% -3.30% -19.18% -11.12% 24.44% -19.63% -6.54%
EBIT Q/Q Growth		 18.19% 1.91% 3.01% 20.48% 14.55% -3.91% -26.26% -12.61% 29.59% -20.22% -6.51%
NOPAT Q/Q Growth		 17.67% 1.49% 3.70% 10.12% 30.42% -3.57% 17.90% -8.64% 26.27% -19.72% -5.27%
Net Income Q/Q Growth		 17.67% 1.49% 3.70% 10.12% 30.42% -3.57% 17.90% -8.64% 25.83% -19.42% -5.45%
EPS Q/Q Growth		 19.00% 0.00% -7.55% 6.67% 21.77% -5.41% 7.37% -8.72% 27.37% -20.19% -5.71%
Operating Cash Flow Q/Q Growth		 16.68% -17.01% -36.63% 59.63% 16.17% -10.73% -9.02% 28.83% -0.19% -35.12% 347.41%
Free Cash Flow Firm Q/Q Growth		 -2,717.61% 45.31% -33.35% 77.10% 8.85% -28.88% 117.40% -78.22% -205.49% 909.17% 66.66%
Invested Capital Q/Q Growth		 20.67% 15.36% 19.53% 4.01% 0.17% 1.24% -15.80% -1.11% 30.50% 10.20% -1.75%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 41.07% 39.52% 29.96% 39.51% 37.39% 41.87% 26.93% 46.93% 50.22% 38.63% 37.38%
EBIT Margin		 33.58% 33.46% 25.02% 33.28% 31.05% 36.01% 20.95% 39.81% 44.42% 33.91% 34.01%
Profit (Net Income) Margin		 21.91% 21.79% 16.38% 21.64% 26.13% 29.71% 16.36% 30.81% 33.58% 25.79% 26.04%
Tax Burden Percent		 65.25% 65.12% 65.47% 65.01% 84.13% 82.50% 78.12% 77.39% 75.60% 76.06% 76.59%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 34.75% 34.88% 34.53% 34.99% 15.87% 17.50% 21.88% 22.61% 24.01% 23.91% 23.16%
Return on Invested Capital (ROIC)		 3.61% 3.18% 2.86% 4.30% 5.37% 5.07% 3.43% 5.93% 5.98% 3.56% 3.45%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.61% 3.18% 2.86% 4.30% 5.37% 5.07% 3.43% 5.93% 5.90% 3.56% 3.43%
Return on Net Nonoperating Assets (RNNOA)		 5.60% 5.72% 2.83% 2.94% 3.39% 3.01% 1.37% 1.41% 3.47% 2.84% 2.49%
Return on Equity (ROE)		 9.21% 8.90% 5.69% 7.24% 8.77% 8.08% 4.80% 7.34% 9.45% 6.41% 5.95%
Cash Return on Invested Capital (CROIC)		 -20.60% -3.45% -32.87% -3.59% -41.19% -5.86% 3.05% 5.05% -42.61% 13.18% -5.26%
Operating Return on Assets (OROA)		 1.33% 1.26% 0.91% 1.23% 1.32% 1.36% 0.82% 1.23% 1.56% 1.03% 0.97%
Return on Assets (ROA)		 0.86% 0.82% 0.59% 0.80% 1.11% 1.12% 0.64% 0.95% 1.18% 0.78% 0.74%
Return on Common Equity (ROCE)		 9.21% 8.90% 5.69% 7.24% 8.77% 8.08% 4.80% 7.34% 9.45% 6.40% 5.94%
Return on Equity Simple (ROE_SIMPLE)		 9.13% 8.52% 4.03% 7.06% 6.92% 7.68% 4.27% 7.26% 9.25% 6.26% 5.88%
Net Operating Profit after Tax (NOPAT)		 20 20 23 42 72 89 63 110 147 104 100
NOPAT Margin		 21.91% 21.79% 16.38% 21.64% 26.13% 29.71% 16.36% 30.81% 33.75% 25.80% 26.13%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.08% 0.00% 0.03%
SG&A Expenses to Revenue		 50.87% 51.09% 49.76% 45.37% 45.79% 44.64% 42.21% 47.49% 42.09% 47.28% 50.19%
Operating Expenses to Revenue		 63.53% 65.17% 73.11% 64.46% 67.68% 63.44% 63.70% 63.50% 53.80% 61.71% 63.99%
Earnings before Interest and Taxes (EBIT)		 31 31 35 65 86 107 81 142 194 137 131
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 37 37 42 78 103 125 104 168 219 156 144
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.97 1.08 1.04 1.11 0.84 0.92 0.65 0.77 0.71 0.59 0.61
Price to Tangible Book Value (P/TBV)		 0.97 1.09 1.43 1.51 1.27 1.39 1.00 1.17 1.06 0.85 0.90
Price to Revenue (P/Rev)		 2.32 2.76 4.23 3.41 3.17 3.56 2.49 3.27 2.58 2.41 2.72
Price to Earnings (P/E)		 10.58 12.68 25.81 15.77 12.11 11.97 15.76 11.02 7.91 9.72 10.89
Dividend Yield		 3.96% 3.49% 2.35% 2.92% 3.44% 3.23% 4.26% 3.46% 3.88% 4.89% 4.47%
Earnings Yield		 9.45% 7.89% 3.87% 6.34% 8.25% 8.36% 6.35% 9.07% 12.64% 10.29% 9.18%
Enterprise Value to Invested Capital (EV/IC)		 0.93 0.96 0.71 0.96 0.83 0.88 0.03 0.70 0.80 0.70 0.74
Enterprise Value to Revenue (EV/Rev)		 6.33 6.83 4.77 5.02 4.94 5.46 0.15 3.67 5.58 4.80 5.87
Enterprise Value to EBITDA (EV/EBITDA)		 15.40 17.27 15.91 12.70 13.22 13.04 0.54 7.82 11.11 12.43 15.70
Enterprise Value to EBIT (EV/EBIT)		 18.84 20.40 19.05 15.08 15.92 15.16 0.69 9.22 12.56 14.17 17.26
Enterprise Value to NOPAT (EV/NOPAT)		 28.87 31.32 29.09 23.19 18.92 18.37 0.89 11.92 16.53 18.62 22.46
Enterprise Value to Operating Cash Flow (EV/OCF)		 20.85 22.47 20.06 12.29 14.71 16.23 0.42 8.20 9.73 15.59 24.44
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 1.00 14.00 0.00 5.03 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.84 1.77 0.66 0.71 0.59 0.60 0.25 0.23 0.93 0.67 0.78
Long-Term Debt to Equity		 1.52 1.36 0.44 0.48 0.43 0.53 0.16 0.15 0.89 0.63 0.75
Financial Leverage		 1.55 1.80 0.99 0.68 0.63 0.59 0.40 0.24 0.59 0.80 0.73
Leverage Ratio		 10.65 10.84 9.58 9.02 7.88 7.19 7.47 7.73 8.01 8.20 8.01
Compound Leverage Factor		 10.65 10.84 9.58 9.02 7.88 7.19 7.47 7.73 8.01 8.20 8.01
Debt to Total Capital		 64.73% 63.94% 39.73% 41.38% 37.01% 37.36% 19.69% 18.66% 48.21% 40.22% 43.87%
Short-Term Debt to Total Capital		 10.96% 14.88% 13.33% 13.26% 9.78% 3.90% 6.95% 6.37% 2.26% 2.63% 2.00%
Long-Term Debt to Total Capital		 53.77% 49.06% 26.40% 28.12% 27.23% 33.46% 12.74% 12.29% 45.95% 37.59% 41.87%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.03% 0.03% 0.04%
Common Equity to Total Capital		 35.27% 36.06% 60.27% 58.62% 62.99% 62.64% 80.31% 81.34% 51.77% 59.75% 56.10%
Debt to EBITDA		 10.73 11.47 8.94 5.48 5.93 5.51 3.49 2.08 6.73 7.18 9.26
Net Debt to EBITDA		 9.76 10.28 1.79 4.07 4.76 4.54 -8.72 0.85 5.96 6.19 8.40
Long-Term Debt to EBITDA		 8.91 8.80 5.94 3.72 4.37 4.94 2.26 1.37 6.42 6.71 8.84
Debt to NOPAT		 20.11 20.80 16.36 10.00 8.49 7.77 5.75 3.16 10.01 10.75 13.26
Net Debt to NOPAT		 18.29 18.64 3.28 7.42 6.81 6.40 -14.35 1.30 8.87 9.27 12.02
Long-Term Debt to NOPAT		 16.70 15.96 10.87 6.80 6.25 6.96 3.72 2.08 9.55 10.04 12.65
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.03% 0.05% 0.06%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -114 -22 -265 -35 -551 -102 56 94 -1,049 385 -153
Operating Cash Flow to CapEx		 694.74% 728.12% 501.11% 164.55% 6,440.57% 3,682.84% 978.36% 415.57% 1,961.85% 3,115.09% 2,791.86%
Free Cash Flow to Firm to Interest Expense		 -15.15 -2.44 -20.11 -1.81 -15.25 -1.94 0.84 2.55 -19.54 1.62 -0.50
Operating Cash Flow to Interest Expense		 3.68 3.14 2.54 4.09 2.56 1.90 1.99 4.35 4.66 0.52 0.30
Operating Cash Flow Less CapEx to Interest Expense		 3.15 2.71 2.03 1.60 2.52 1.85 1.79 3.31 4.43 0.50 0.29
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.03 0.04 0.03 0.03
Fixed Asset Turnover		 3.76 3.51 2.82 2.27 2.59 2.79 3.69 3.07 3.46 3.25 3.25
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 619 661 949 1,027 1,650 1,841 1,848 1,864 3,061 2,780 3,033
Invested Capital Turnover		 0.16 0.15 0.17 0.20 0.21 0.17 0.21 0.19 0.18 0.14 0.13
Increase / (Decrease) in Invested Capital		 134 42 288 78 623 191 7.14 16 1,197 -281 253
Enterprise Value (EV)		 575 636 670 985 1,361 1,627 56 1,312 2,436 1,937 2,255
Market Capitalization		 211 258 595 670 871 1,060 964 1,169 1,128 972 1,046
Book Value per Share		 $12.83 $13.80 $22.12 $18.47 $21.51 $22.90 $24.58 $25.52 $26.79 $27.95 $29.11
Tangible Book Value per Share		 $12.83 $13.68 $16.09 $13.58 $14.16 $15.15 $15.90 $16.80 $18.01 $19.28 $19.94
Total Capital		 619 661 949 1,027 1,650 1,841 1,848 1,864 3,061 2,780 3,033
Total Debt		 401 423 377 425 611 688 364 348 1,476 1,118 1,331
Total Long-Term Debt		 333 324 250 289 449 616 235 229 1,407 1,045 1,270
Net Debt		 364 379 76 315 490 567 -908 143 1,308 965 1,207
Capital Expenditures (CapEx)		 3.97 3.89 6.67 49 1.44 2.72 14 38 13 3.99 3.30
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.75 0.04 0.33
Net Nonoperating Obligations (NNO)		 401 423 377 425 611 688 364 348 1,476 1,118 1,331
Total Depreciation and Amortization (D&A)		 6.81 5.65 6.95 12 17 17 23 25 25 19 13
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.19 $1.22 $1.00 $1.32 $1.54 $1.77 $1.02 $1.79 $2.43 $1.70 $1.65
Adjusted Weighted Average Basic Shares Outstanding		 16.69M 16.60M 23.09M 32.11M 46.77M 50.17M 59.92M 59.41M 58.73M 58.95M 58.30M
Adjusted Diluted Earnings per Share		 $1.19 $1.21 $0.98 $1.28 $1.51 $1.75 $1.02 $1.78 $2.42 $1.70 $1.65
Adjusted Weighted Average Diluted Shares Outstanding		 16.80M 16.81M 23.53M 33.13M 47.66M 50.75M 60.07M 59.65M 58.88M 58.96M 58.30M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $1.77 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 16.90M 17.29M 32.39M 47.99M 51.40M 60.30M 59.92M 59.24M 59.20M 58.95M 58.56M
Normalized Net Operating Profit after Tax (NOPAT)		 20 22 34 48 95 97 76 111 149 104 102
Normalized NOPAT Margin		 21.91% 23.10% 24.08% 24.38% 34.35% 32.62% 19.58% 31.14% 34.23% 25.80% 26.48%
Pre Tax Income Margin		 33.58% 33.46% 25.02% 33.28% 31.05% 36.01% 20.95% 39.81% 44.42% 33.91% 34.01%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 4.07 3.45 2.67 3.33 2.37 2.03 1.22 3.87 3.61 0.57 0.42
NOPAT to Interest Expense		 2.65 2.25 1.75 2.17 1.99 1.68 0.95 2.99 2.74 0.44 0.33
EBIT Less CapEx to Interest Expense		 3.54 3.02 2.17 0.85 2.33 1.98 1.01 2.82 3.37 0.56 0.41
NOPAT Less CapEx to Interest Expense		 2.13 1.82 1.24 -0.32 1.95 1.63 0.75 1.95 2.51 0.42 0.32
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 41.37% 42.78% 54.74% 45.41% 41.10% 38.66% 67.79% 40.44% 32.41% 49.29% 50.85%
Augmented Payout Ratio		 87.44% 74.56% 62.89% 45.41% 56.17% 68.09% 91.19% 73.19% 37.45% 49.29% 72.31%

Quarterly Metrics And Ratios for OceanFirst Financial

This table displays calculated financial ratios and metrics derived from OceanFirst Financial's official financial filings.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 48.94% 8.38% 2.74% -8.42% -25.63% -2.34% -7.71% -4.77% -4.14% -0.61% 6.56%
EBITDA Growth		 123.69% 4.56% -7.54% -42.01% -48.85% 1.83% -14.60% 9.55% -25.22% -30.55% -25.30%
EBIT Growth		 165.61% 8.36% -4.02% -46.82% -48.82% 7.37% -14.55% 20.97% -25.03% -27.97% -21.13%
NOPAT Growth		 135.30% 8.31% -5.43% -47.09% -47.94% 2.55% -12.37% 22.67% -20.14% -24.98% -21.89%
Net Income Growth		 132.82% 8.25% -5.72% -46.47% -47.52% 2.81% -12.32% 21.53% -20.85% -24.97% -21.86%
EPS Growth		 140.54% 9.52% -4.26% -48.44% -48.31% 2.17% -11.11% 27.27% -21.74% -25.53% -30.00%
Operating Cash Flow Growth		 -1.15% -57.72% 4.71% -34.50% -166.31% 89.19% -67.01% -140.84% 267.03% -103.87% 20.52%
Free Cash Flow Firm Growth		 -18,396.62% -6,546.69% -61.71% 62.82% 127.00% 133.77% 106.50% -244.31% -174.87% -105.70% 249.50%
Invested Capital Growth		 64.18% 69.08% 29.35% 7.55% -9.18% -12.62% -0.60% 22.38% 9.11% 1.64% -4.33%
Revenue Q/Q Growth		 20.63% -24.74% 0.16% 0.71% -2.04% -1.18% -5.34% 3.92% -1.38% 2.45% 1.50%
EBITDA Q/Q Growth		 37.18% -46.34% -1.29% -20.19% 20.97% 6.84% -17.22% 2.39% -17.42% -0.77% -10.96%
EBIT Q/Q Growth		 39.90% -48.52% 0.89% -26.81% 34.65% 7.99% -19.70% 3.60% -16.55% 3.77% -12.08%
NOPAT Q/Q Growth		 37.39% -47.67% -0.06% -26.36% 35.16% 3.09% -14.60% 3.09% -12.01% -3.15% -11.08%
Net Income Q/Q Growth		 36.62% -47.14% -0.31% -25.65% 33.94% 3.56% -14.98% 3.05% -12.77% -1.83% -11.45%
EPS Q/Q Growth		 39.06% -48.31% -2.17% -26.67% 39.39% 2.17% -14.89% 5.00% -14.29% -2.78% -20.00%
Operating Cash Flow Q/Q Growth		 -51.67% -39.75% 194.94% -23.74% -148.93% 271.91% -48.57% -194.40% 300.12% -103.99% 1,700.39%
Free Cash Flow Firm Q/Q Growth		 -171.33% -12.75% 49.57% 75.90% 297.03% 41.03% -90.29% -1,376.44% 57.15% 89.26% 695.06%
Invested Capital Q/Q Growth		 30.50% 5.31% -7.30% -15.58% 10.20% 1.32% 5.46% 3.94% -1.75% -5.62% -0.74%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 58.10% 41.43% 40.83% 32.36% 39.96% 43.20% 37.78% 37.22% 31.17% 30.19% 26.48%
EBIT Margin		 52.98% 36.24% 36.50% 26.52% 36.46% 39.84% 33.80% 33.69% 28.51% 28.88% 25.01%
Profit (Net Income) Margin		 39.35% 27.64% 27.51% 20.31% 27.77% 29.10% 26.14% 25.92% 22.93% 21.97% 19.17%
Tax Burden Percent		 74.65% 76.28% 75.38% 76.57% 76.17% 73.04% 77.34% 76.93% 80.41% 76.08% 76.63%
Interest Burden Percent		 99.51% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 24.56% 23.68% 24.39% 23.93% 23.64% 27.10% 22.47% 22.86% 18.66% 24.08% 23.22%
Return on Invested Capital (ROIC)		 7.05% 4.79% 4.66% 3.63% 3.84% 3.86% 3.46% 3.60% 3.07% 2.96% 2.58%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.99% 4.79% 4.65% 3.64% 3.84% 3.86% 3.45% 3.59% 3.04% 2.97% 2.57%
Return on Net Nonoperating Assets (RNNOA)		 4.11% 3.06% 3.18% 1.94% 3.07% 3.26% 2.78% 2.46% 2.22% 2.03% 1.93%
Return on Equity (ROE)		 11.16% 7.85% 7.83% 5.57% 6.91% 7.11% 6.23% 6.05% 5.28% 4.99% 4.51%
Cash Return on Invested Capital (CROIC)		 -42.61% -45.52% -20.01% -1.95% 13.18% 16.94% 4.00% -16.35% -5.26% 1.65% 7.45%
Operating Return on Assets (OROA)		 1.86% 1.25% 1.26% 0.89% 1.10% 1.18% 0.99% 0.97% 0.81% 0.83% 0.73%
Return on Assets (ROA)		 1.38% 0.96% 0.95% 0.68% 0.84% 0.87% 0.77% 0.75% 0.65% 0.63% 0.56%
Return on Common Equity (ROCE)		 11.16% 7.85% 7.83% 5.56% 6.91% 7.11% 6.23% 6.05% 5.28% 4.98% 4.50%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 9.24% 9.05% 7.89% 0.00% 6.29% 6.05% 6.25% 0.00% 5.44% 5.33%
Net Operating Profit after Tax (NOPAT)		 53 28 28 21 28 29 24 25 22 21 19
NOPAT Margin		 39.77% 27.66% 27.60% 20.18% 27.84% 29.04% 26.20% 25.99% 23.19% 21.92% 19.21%
Net Nonoperating Expense Percent (NNEP)		 0.06% 0.00% 0.01% -0.02% 0.01% 0.00% 0.00% 0.01% 0.02% 0.00% 0.00%
SG&A Expenses to Revenue		 33.90% 47.09% 47.22% 48.59% 46.20% 46.73% 49.94% 50.93% 53.25% 52.00% 55.26%
Operating Expenses to Revenue		 44.30% 60.78% 62.28% 63.37% 60.38% 59.56% 62.86% 65.77% 67.86% 65.67% 71.93%
Earnings before Interest and Taxes (EBIT)		 71 37 37 27 36 39 32 33 27 28 25
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 78 42 41 33 40 43 35 36 30 30 26
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.71 0.63 0.54 0.50 0.59 0.57 0.55 0.64 0.61 0.58 0.62
Price to Tangible Book Value (P/TBV)		 1.06 0.93 0.79 0.73 0.85 0.83 0.79 0.92 0.90 0.85 0.92
Price to Revenue (P/Rev)		 2.58 2.28 1.95 1.86 2.41 2.37 2.34 2.80 2.72 2.60 2.61
Price to Earnings (P/E)		 7.91 6.99 6.08 6.50 9.72 9.43 9.47 10.68 10.89 11.21 12.43
Dividend Yield		 3.88% 4.50% 5.45% 5.82% 4.89% 5.00% 5.10% 4.30% 4.47% 4.70% 4.60%
Earnings Yield		 12.64% 14.30% 16.45% 15.39% 10.29% 10.60% 10.56% 9.37% 9.18% 8.92% 8.05%
Enterprise Value to Invested Capital (EV/IC)		 0.80 0.66 0.59 0.51 0.70 0.70 0.69 0.73 0.74 0.69 0.72
Enterprise Value to Revenue (EV/Rev)		 5.58 4.79 3.98 2.95 4.80 4.92 5.18 5.84 5.87 5.18 5.24
Enterprise Value to EBITDA (EV/EBITDA)		 11.11 9.64 8.17 6.67 12.43 12.60 13.52 14.75 15.70 15.21 16.79
Enterprise Value to EBIT (EV/EBIT)		 12.56 10.83 9.11 7.54 14.17 14.14 15.18 16.22 17.26 16.60 18.08
Enterprise Value to NOPAT (EV/NOPAT)		 16.53 14.25 12.02 9.98 18.62 18.82 20.08 21.39 22.46 21.31 23.25
Enterprise Value to Operating Cash Flow (EV/OCF)		 9.73 9.81 8.07 6.75 15.59 13.51 20.80 109.95 24.44 44.81 41.53
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 5.03 3.86 17.08 0.00 0.00 42.32 9.44
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.93 1.00 0.84 0.54 0.67 0.69 0.77 0.82 0.78 0.68 0.73
Long-Term Debt to Equity		 0.89 0.96 0.79 0.49 0.63 0.65 0.47 0.77 0.75 0.64 0.69
Financial Leverage		 0.59 0.64 0.68 0.53 0.80 0.84 0.80 0.68 0.73 0.68 0.75
Leverage Ratio		 8.01 8.22 8.25 8.24 8.20 8.23 8.13 8.10 8.01 7.92 8.03
Compound Leverage Factor		 7.97 8.22 8.25 8.24 8.20 8.23 8.13 8.10 8.01 7.92 8.03
Debt to Total Capital		 48.21% 50.04% 45.58% 35.09% 40.22% 40.86% 43.56% 45.12% 43.87% 40.30% 42.16%
Short-Term Debt to Total Capital		 2.26% 2.20% 2.49% 3.29% 2.63% 2.37% 16.98% 2.63% 2.00% 2.27% 2.16%
Long-Term Debt to Total Capital		 45.95% 47.84% 43.09% 31.80% 37.59% 38.49% 26.57% 42.49% 41.87% 38.03% 40.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.04% 0.03% 0.03%
Common Equity to Total Capital		 51.77% 49.93% 54.39% 64.88% 59.75% 59.11% 56.42% 54.86% 56.10% 59.67% 57.81%
Debt to EBITDA		 6.73 7.30 6.26 4.57 7.18 7.35 8.59 9.06 9.26 8.83 9.84
Net Debt to EBITDA		 5.96 5.05 4.15 2.46 6.19 6.52 7.39 7.67 8.40 7.58 8.44
Long-Term Debt to EBITDA		 6.42 6.98 5.91 4.14 6.71 6.92 5.24 8.54 8.84 8.33 9.34
Debt to NOPAT		 10.01 10.79 9.21 6.83 10.75 10.98 12.77 13.14 13.26 12.38 13.63
Net Debt to NOPAT		 8.87 7.47 6.11 3.67 9.27 9.74 10.98 11.12 12.02 10.62 11.69
Long-Term Debt to NOPAT		 9.55 10.32 8.71 6.19 10.04 10.35 7.79 12.38 12.65 11.68 12.93
Noncontrolling Interest Sharing Ratio		 0.03% 0.03% 0.06% 0.05% 0.05% 0.05% 0.05% 0.05% 0.06% 0.05% 0.05%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,143 -1,289 -650 -157 309 435 42 -539 -231 -25 148
Operating Cash Flow to CapEx		 3,123.71% 1,132.09% 2,803.74% 7,787.22% 0.00% 6,781.18% 567.10% -11,600.00% 2,769.04% -96.23% 2,051.90%
Free Cash Flow to Firm to Interest Expense		 -48.06 -32.04 -11.21 -2.32 4.25 5.78 0.55 -6.80 -3.03 -0.37 2.20
Operating Cash Flow to Interest Expense		 1.70 0.61 1.24 0.81 -0.37 0.61 0.31 -0.28 0.59 -0.03 0.43
Operating Cash Flow Less CapEx to Interest Expense		 1.65 0.55 1.20 0.80 -0.35 0.60 0.25 -0.28 0.57 -0.05 0.40
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03
Fixed Asset Turnover		 3.46 3.52 3.54 3.49 3.25 3.27 3.26 3.25 3.25 3.28 3.38
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 3,061 3,224 2,988 2,523 2,780 2,817 2,970 3,087 3,033 2,863 2,842
Invested Capital Turnover		 0.18 0.17 0.17 0.18 0.14 0.13 0.13 0.14 0.13 0.14 0.13
Increase / (Decrease) in Invested Capital		 1,197 1,317 678 177 -281 -407 -18 565 253 46 -129
Enterprise Value (EV)		 2,436 2,130 1,778 1,293 1,937 1,972 2,035 2,267 2,255 1,987 2,044
Market Capitalization		 1,128 1,012 873 816 972 951 922 1,087 1,046 996 1,016
Book Value per Share		 $26.79 $27.19 $27.32 $27.55 $27.95 $28.32 $28.54 $28.96 $29.11 $29.17 $28.14
Tangible Book Value per Share		 $18.01 $18.43 $18.62 $18.85 $19.28 $19.57 $19.79 $20.18 $19.94 $20.04 $18.99
Total Capital		 3,061 3,224 2,988 2,523 2,780 2,817 2,970 3,087 3,033 2,863 2,842
Total Debt		 1,476 1,613 1,362 885 1,118 1,151 1,294 1,393 1,331 1,154 1,198
Total Long-Term Debt		 1,407 1,542 1,288 802 1,045 1,084 789 1,312 1,270 1,089 1,137
Net Debt		 1,308 1,117 904 476 965 1,021 1,113 1,179 1,207 990 1,028
Capital Expenditures (CapEx)		 1.30 2.15 2.56 0.70 -1.10 0.68 4.18 0.19 1.62 1.86 1.39
Net Nonoperating Expense (NNE)		 0.56 0.02 0.09 -0.14 0.07 -0.06 0.06 0.07 0.25 -0.05 0.04
Net Nonoperating Obligations (NNO)		 1,476 1,613 1,362 885 1,118 1,151 1,294 1,393 1,331 1,154 1,198
Total Depreciation and Amortization (D&A)		 6.87 5.24 4.38 5.94 3.49 3.31 3.72 3.42 2.54 1.28 1.46
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.89 $0.46 $0.45 $0.33 $0.46 $0.47 $0.40 $0.42 $0.36 $0.35 $0.28
Adjusted Weighted Average Basic Shares Outstanding		 58.73M 58.77M 59.15M 59.10M 58.95M 58.79M 58.36M 58.07M 58.30M 58.10M 57.74M
Adjusted Diluted Earnings per Share		 $0.89 $0.46 $0.45 $0.33 $0.46 $0.47 $0.40 $0.42 $0.36 $0.35 $0.28
Adjusted Weighted Average Diluted Shares Outstanding		 58.88M 58.92M 59.15M 59.11M 58.96M 58.79M 58.36M 58.07M 58.30M 58.11M 57.74M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 59.20M 59.49M 59.42M 59.42M 58.95M 58.71M 58.48M 58.46M 58.56M 58.38M 57.39M
Normalized Net Operating Profit after Tax (NOPAT)		 54 28 28 21 28 29 24 26 22 21 19
Normalized NOPAT Margin		 39.93% 27.67% 27.60% 20.18% 27.84% 29.04% 26.20% 27.32% 23.29% 21.92% 19.21%
Pre Tax Income Margin		 52.72% 36.24% 36.50% 26.52% 36.46% 39.84% 33.80% 33.69% 28.51% 28.88% 25.01%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 2.99 0.91 0.64 0.40 0.50 0.52 0.41 0.41 0.36 0.42 0.37
NOPAT to Interest Expense		 2.24 0.69 0.48 0.30 0.38 0.38 0.32 0.32 0.29 0.32 0.28
EBIT Less CapEx to Interest Expense		 2.93 0.86 0.59 0.39 0.52 0.51 0.35 0.41 0.34 0.39 0.35
NOPAT Less CapEx to Interest Expense		 2.19 0.64 0.44 0.29 0.40 0.37 0.26 0.32 0.27 0.29 0.26
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 32.41% 33.13% 34.74% 39.63% 49.29% 49.01% 50.53% 48.25% 50.85% 54.59% 57.85%
Augmented Payout Ratio		 37.45% 36.66% 34.74% 39.63% 49.29% 63.43% 70.34% 68.55% 72.31% 68.85% 87.20%

Key Financial Trends

OceanFirst Financial (NASDAQ:OCFC) has shown consistent profitability over the past four years, with quarterly net income generally remaining positive and demonstrating a solid earning capacity. The company’s net interest income has generally increased since 2022, driven by higher loans and leases interest income and stable management of interest expenses.

Key highlights from the recent quarterly financials and the trends observed include:

  • Q2 2025 net income remained strong at approximately $19.1 million, indicating ongoing profitability.
  • Net interest income increased in Q2 2025 to $87.6 million compared to previous quarters, reflecting growth in interest income from loans and investments.
  • Total revenue in Q2 2025 was around $99.4 million, improving over Q1 2025’s $97.9 million, showing steady top-line expansion.
  • Provision for credit losses remained relatively low ($3.0 million in Q2 2025), indicating controlled credit risk management.
  • Deposits grew, with a net increase of $55.4 million in Q2 2025 financing the loan and investment portfolio effectively.
  • Amortization and non-cash adjustments fluctuate but have manageable impacts on quarterly operating cash flow.
  • The company repurchased common stock ($17.4 million in Q2 2025), reflecting confidence but also a use of cash that might impact liquidity.
  • Capital expenditures remain controlled, with a $1.4 million outlay in Q2 2025 maintaining operational assets.
  • Long-term debt increased from $683 million in Q2 2022 to $1.14 billion in Q2 2025, raising leverage and interest expense risk (interest expense in Q2 2025 totaled $66.9 million).
  • Other financing activities resulted in cash outflows, and dividend payments continue to consume cash resources ($12.7 million paid in Q2 2025).

Over the last four years, OceanFirst Financial’s total assets have remained stable around $13 billion to $13.5 billion, largely driven by loans held for sale of approximately $10 billion and significant securities holdings. The increase in goodwill from $506 million in 2022 to $523 million in mid-2025 is notable, suggesting acquisitions or mergers impacting the asset base.

Operational cash flows saw volatility: after generally positive cash from operations in earlier years, Q1 2025 showed negative operating cash flow (-$1.7 million), recovering to positive $28.6 million in Q2 2025. Investing activities fluctuated due to heavy securities purchases and sales, with net investing cash outflows in recent quarters.

Overall, OceanFirst maintains solid profitability and growing revenues supported by increasing net interest margins and prudent credit loss provisioning. However, the rising debt level and continuous cash used in financing activities warrant attention for liquidity and financial risk management. The company’s ongoing share repurchases and regular dividend payments demonstrate a commitment to returning value to shareholders but will require sufficient cash flow to sustain.

08/09/25 02:25 PMAI Generated. May Contain Errors.

Frequently Asked Questions About OceanFirst Financial's Financials

When does OceanFirst Financial's financial year end?

According to the most recent income statement we have on file, OceanFirst Financial's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has OceanFirst Financial's net income changed over the last 10 years?

OceanFirst Financial's net income appears to be on an upward trend, with a most recent value of $100.07 million in 2024, rising from $19.92 million in 2014. The previous period was $104.03 million in 2023. See where experts think OceanFirst Financial is headed by visiting OceanFirst Financial's forecast page.

How has OceanFirst Financial's revenue changed over the last 10 years?

Over the last 10 years, OceanFirst Financial's total revenue changed from $90.93 million in 2014 to $384.22 million in 2024, a change of 322.6%.

How much debt does OceanFirst Financial have?

OceanFirst Financial's total liabilities were at $11.72 billion at the end of 2024, a 1.3% decrease from 2023, and a 448.0% increase since 2014.

How much cash does OceanFirst Financial have?

In the past 10 years, OceanFirst Financial's cash and equivalents has ranged from $36.12 million in 2014 to $1.27 billion in 2020, and is currently $123.62 million as of their latest financial filing in 2024.

How has OceanFirst Financial's book value per share changed over the last 10 years?

Over the last 10 years, OceanFirst Financial's book value per share changed from 12.83 in 2014 to 29.11 in 2024, a change of 126.8%.


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This page (NASDAQ:OCFC) was last updated on 8/9/2025 by MarketBeat.com Staff
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