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OceanFirst Financial Corp.

Financial Services US OCFC

17.715USD
0.36(2.10%)

Last update at 2026-06-04T18:01:00Z

Day Range

17.5917.95
LowHigh

52 Week Range

13.4021.38
LowHigh

Fundamentals

  • Previous Close 17.35
  • Market Cap1024.63M
  • Volume675660
  • P/E Ratio11.47
  • Dividend Yield4.56%
  • Revenue TTM369.88M
  • Revenue Per Share TTM6.36
  • Gross Profit TTM 369.88M
  • Diluted EPS TTM1.53

Source: TradingView
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Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 193.92M 142.24M 81.04M 107.36M 85.50M
Minority interest -0.75400M - - - -
Net income 146.60M 110.08M 63.31M 88.57M 71.93M
Selling general administrative 139.27M 147.74M 136.49M 106.95M 100.13M
Selling and marketing expenses 2.95M 2.17M 3.12M 3.47M 3.42M
Gross profit 388.17M 310.65M 322.06M 252.33M 231.38M
Reconciled depreciation 4.72M 5.45M 14.64M 12.39M 12.52M
Ebit 246.87M 142.24M 81.04M 107.36M 130.36M
Ebitda 251.58M 147.69M 87.23M 111.39M 134.17M
Depreciation and amortization 4.72M 5.45M 6.19M 4.03M 3.81M
Non operating income net other - - - - -
Operating income 246.87M 142.24M 81.04M 107.36M 121.65M
Other operating expenses 234.88M -209.84600M -286.12000M -184.82200M 149.47M
Interest expense 53.70M 36.75M 66.66M 52.82M 36.15M
Tax provision 46.56M 32.16M 17.73M 18.78M 13.57M
Interest income 431.18M 342.09M 379.61M 308.79M 276.65M
Net interest income 377.48M 305.34M 312.95M 255.97M 240.50M
Extraordinary items - - - - 1.85M
Non recurring 2.73M 1.50M 15.95M 10.50M 26.91M
Other items - - - - -
Income tax expense 46.56M 32.16M 17.73M 18.78M 13.57M
Total revenue 431.60M 352.09M 367.16M 292.18M 271.12M
Total operating expenses 234.88M -209.84600M -286.12000M -184.82200M -149.46600M
Cost of revenue 43.44M 41.43M 45.10M 39.85M 39.74M
Total other income expense net -52.94400M 142.26M 81.01M 107.69M -36.15200M
Discontinued operations - - - - -
Net income from continuing ops 147.36M 110.08M 63.31M 88.57M 71.93M
Net income applicable to common shares 142.59M 106.06M 61.21M 88.57M 71.93M
Preferred stock and other adjustments 4.02M 4.02M 2.10M - -
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Total assets 13421.25M 13538.25M 13103.90M 11739.62M 11448.31M
Intangible assets 12.68M 9.51M 13.50M 18.21M 23.67M
Earning assets - - - - -
Other current assets - 205.62M 48.11M 8480.84M 8098.89M
Total liab 11718.49M 11876.31M 11518.43M 229.14M 235.47M
Total stockholder equity 1701.65M 1661.16M 1584.66M 1516.55M 1484.13M
Deferred long term liab - - - - -
Other current liab 2918.38M 4977.05M 9675.21M 9732.82M 9427.62M
Common stock 0.61M 0.61M 0.61M 0.61M 0.61M
Capital stock 0.61M 0.61M 0.61M 0.61M 0.61M
Retained earnings 641.73M 592.54M 540.51M 442.31M 378.27M
Other liab - - 234.03M 142.34M 172.64M
Good will 523.31M 506.15M 506.15M 500.32M 500.32M
Other assets 1717.55M - 10006.43M 8480.84M 8098.89M
Cash 123.61M 153.72M 167.95M 204.95M 1272.13M
Cash and equivalents - - - - -
Total current liabilities 2918.38M 5299.32M 9675.21M 1139.19M 9427.62M
Current deferred revenue - - - - -
Net debt 1075.42M 984.54M 1238.62M 24.19M -1036.66300M
Short term debt - 322.26M - 1139.19M -
Short long term debt - - - - -
Short long term debt total 1199.03M 1138.26M 1406.57M 229.14M 235.47M
Other stockholder equity 1075.16M 1092.65M 1079.52M 1076.46M 1104.63M
Property plant equipment - - 2.72M 125.83M 5.78M
Total current assets 11052.46M 205.62M 670.30M 805.81M 1490.70M
Long term investments 1957.48M 2013.79M 1780.82M 1808.60M 1120.66M
Net tangible assets - - 1065.02M 998.02M 960.14M
Short term investments 827.50M 753.89M 457.65M 568.25M 183.30M
Net receivables 10101.34M 51.87M 44.70M 32.61M 35.27M
Long term debt 1197.61M 972.77M 1406.57M 229.14M 235.47M
Inventory - -205.59200M - 0.11M 0.11M
Accounts payable - - 9675.21M 9732.82M 9427.62M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - 0.80M - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -15.85300M -24.64200M -35.98200M -2.82100M 0.62M
Additional paid in capital - - - - -
Common stock total equity - - 0.61M 0.61M 0.61M
Preferred stock total equity - - 0.00100M 0.00100M 0.00100M
Retained earnings total equity - - 540.51M 442.31M 378.27M
Treasury stock - - - -61.71000M -25.65100M
Accumulated amortization - - - - -
Non currrent assets other -1957.47900M 339.43M -2427.17100M -2452.96500M -1858.71500M
Deferred long term asset charges - - - - -
Non current assets total 651.24M 13332.63M 2427.17M 2452.97M 1858.71M
Capital lease obligations 1.42M 1.69M 1.93M 1.90M -
Long term debt total - - 195.40M 229.14M 235.47M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -122.38400M -584.70600M -213.16200M -191.17900M 35.37M
Change to liabilities 0.00000M 0.00000M 0.00000M 0.00000M -10.26400M
Total cashflows from investing activities -1321.00800M -1477.84200M -22.16900M -172.12200M 48.55M
Net borrowings 1126.39M -17.29700M -427.14700M 79.10M 58.50M
Total cash from financing activities 1013.76M 223.99M 1074.95M 82.77M -128.38900M
Change to operating activities 91.87M -9.02600M 85.10M -21.34300M 11.93M
Net income 147.36M 110.08M 63.31M 88.57M 71.93M
Change in cash -56.79800M -1093.87700M 1185.43M 10.90M 11.18M
Begin period cash flow 224.78M 1318.66M 133.23M 122.33M 109.61M
End period cash flow 167.99M 224.78M 1318.66M 133.23M 120.79M
Total cash from operating activities 250.45M 159.97M 132.66M 100.25M 92.55M
Issuance of capital stock 0.00000M 0.00000M 55.53M - -
Depreciation 16.48M 14.88M 14.73M 12.43M 12.62M
Other cashflows from investing activities -1177.72800M 11.81M 205.72M 24.13M 24.86M
Dividends paid -47.51100M -44.51000M -42.91700M -34.24100M 29.56M
Change to inventory - - - - -
Change to account receivables - - - -0.39700M 0.19M
Sale purchase of stock -7.39600M -36.05900M -14.81400M -26.06600M -10.83700M
Other cashflows from financing activities 1103.77M -84.45600M -4.88700M -3.04000M -0.38500M
Change to netincome 103.09M 39.31M 69.35M 11.67M 25.08M
Capital expenditures 20.90M 42.04M 14.73M 5.08M 11.49M
Change receivables - - - - 0.19M
Cash flows other operating - - - - 9.47M
Exchange rate changes - - - - -
Cash and cash equivalents changes -56.79800M -1093.87700M 1185.43M 10.90M 12.71M
Change in working capital 79.78M -6.36300M 75.67M -21.74000M 12.12M
Stock based compensation 9.14M 7.61M 5.39M 5.44M 4.66M
Other non cash items -4.08100M 30.16M -21.82900M -0.50800M -4.20200M
Free cash flow 229.55M 117.93M 117.93M 95.17M 81.06M

Peer Comparison

Sector: Financial Services Industry: Banks - Regional

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x)
OCFC
OceanFirst Financial Corp.
0.36 2.10% 17.71 11.47 10.50 2.77 0.60 5.58
HDB
HDFC Bank Limited ADR
0.41 1.74% 23.96 20.81 20.96 0.11 4.77
CIHKY
China Merchants Bank Co Ltd
0.04 0.15% 30.44 7.78 7.65 0.56 0.90 3.62
DBSDF
DBS Group Holdings Ltd
1.22 2.50% 50.10 15.29 14.41 5.84 2.36 10.40
CIHHF
China Merchants Bank Co Ltd Class H
- -% 5.92 6.10 5.67 0.44 0.77 3.43

Reports Covered

Stock Research & News

Profile

OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services to retail and commercial customers in the United States. The company accepts deposit products, such as money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing accounts, and time deposits, including brokered deposits. It 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, loans on savings accounts, overdraft line of credit, and other consumer loans. In addition, the company invests in mortgage-backed securities, securities issued by the U.S. government and agencies, corporate securities, and other investments; and provides bankcard, trust and fiduciary, asset management services, as well as bank owned life insurance products. The company was founded in 1902 and is headquartered in Toms River, New Jersey.

OceanFirst Financial Corp.

975 Hooper Avenue, Toms River, NJ, United States, 08753-8320

Key Executives

Name Title Year Born
Mr. Christopher D. Maher Chairman & CEO 1967
Mr. Joseph J. Lebel III Pres, COO & Director 1962
Mr. Steven J. Tsimbinos Esq. Exec. VP, Gen. Counsel & Corp. Sec. 1970
Ms. Michele B. Estep EVP and Chief Admin. Officer of OceanFirst Bank, N.A. 1970
Mr. Patrick S. Barrett CFO & Exec. VP 1964
Ms. Angela K. Ho Sr. VP & Chief Accounting Officer 1984
Mr. Karthik Sridharan Exec. VP & Chief Information Officer 1970
Ms. Jill Apito Hewitt Sr. VP & Investor Relations Officer 1965
Ms. Grace M. Vallacchi Exec. VP & Chief Risk Officer 1964
Mr. Anthony Giordano III Exec. VP & Chief of Banking Operations 1966

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