For the quarter ending 2025-09-30, OCFC had $103,526K increase in cash & cash equivalents over the period. $22,841K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 17,386 | 40,548 |
| Depreciation and amortization of premises and equipment | 2,614 | 5,083 |
| Allocation of esop stock | 294 | 566 |
| Stock compensation | 869 | 2,546 |
| Net excess tax expense on stock compensation | 0 | -195 |
| Amortization of servicing asset | 132 | 163 |
| Net (discount) premium amortization in excess of discount accretion on securities | 448 | -82 |
| Net amortization of deferred costs on borrowings | 0 | 239 |
| Amortization of intangibles | 900 | 1,846 |
| Net accretion of purchase accounting adjustments | 529 | 691 |
| Net amortization of deferred fees/costs and premiums/discounts on loans | 2,390 | 4,668 |
| Provision for credit losses | 4,092 | 8,379 |
| Net loss (gain) on sale of fixed assets | 0 | -2 |
| Net loss on sales of available-for-sale securities | -8 | -56 |
| Net loss on sale of other real estate owned | - | -22 |
| Net gain on equity investments | -7 | 693 |
| Net gain on sales of loans | 900 | 2,035 |
| Proceeds from sales of residential loans held for sale | 146,634 | 249,458 |
| Residential loans originated for sale | 147,756 | 241,956 |
| Write down of other real estate owned | 4 | 194 |
| Increase in value of bank owned life insurance | 1,774 | 3,638 |
| Net gain on sale of assets held for sale | 0 | - |
| (increase) decrease in interest and dividends receivable | 3,574 | -1,882 |
| Deferred tax (benefit) provision | 14 | -39 |
| Decrease in other assets | -1,609 | -33,053 |
| (decrease) increase in other liabilities | 7,241 | -63,797 |
| Total adjustments | 7,025 | -13,751 |
| Net cash provided by operating activities | 24,411 | 26,797 |
| Net (increase) decrease in loans receivable | -370,147 | -56,273 |
| Proceeds from sales of non-performing loans | 0 | 6,361 |
| Purchase of loan pools | 0 | 26,859 |
| Discounts received on purchased loan pool | 0 | 2,562 |
| Purchase of debt securities available-for-sale | 706,062 | 51,661 |
| Purchase of debt securities held-to-maturity | 0 | 0 |
| Purchase of equity investments | 3,400 | 3,220 |
| Proceeds from maturities and calls of debt securities available-for-sale | 2,350 | 3,250 |
| Proceeds from maturities and calls of debt securities held-to-maturity | 17,454 | 27,004 |
| Proceeds from sales of debt securities available-for-sale | 93,743 | 5,444 |
| Proceeds from calls and sales of equity investments | 365 | - |
| Principal repayments on debt securities available-for-sale | 218,194 | 139,898 |
| Principal repayments on debt securities held-to-maturity | 32,304 | 51,515 |
| Proceeds from bank owned life insurance | 3,822 | 2,662 |
| Proceeds from the redemption of restricted equity investments | 81,720 | 127,306 |
| Purchases of restricted equity investments | 117,580 | 125,210 |
| Proceeds from sale of other real estate owned | 510 | 402 |
| Proceeds from sales of assets held-for-sale | 0 | - |
| Purchases of premises and equipment | 1,570 | 3,249 |
| Proceeds from disposal of premises and equipment | 0 | 0 |
| Net cash consideration paid for acquisition | 0 | - |
| Net cash (used in) provided by investing activities | -888,195 | 99,932 |
| Increase (decrease) in deposits | 203,552 | 166,102 |
| Increase in short-term borrowings | 3,362 | 885 |
| Net proceeds from fhlb advances | 766,898 | -133,924 |
| Net proceeds from other borrowings | 0 | 0 |
| Increase in advances by borrowers for taxes and insurance | 4,949 | -4,272 |
| Exercise of stock options | 42 | 136 |
| Payment of employee taxes withheld from stock awards and phantom stock units | 0 | 1,383 |
| Purchase of treasury stock | 42 | 24,308 |
| Dividends paid | 11,451 | 25,345 |
| Redemption of preferred stock | 0 | 57,370 |
| Distributions to non-controlling interest | 0 | 266 |
| Net cash provided by (used in) provided by financing activities | 967,310 | -79,745 |
| Net increase in cash and due from banks and restricted cash | 103,526 | 46,984 |
| Cash and cash equivalents at beginning of period | 123,615 | - |
| Cash and cash equivalents at end of period | 274,125 | - |
OCEANFIRST FINANCIAL CORP (OCFC)
OCEANFIRST FINANCIAL CORP (OCFC)