For the year ending 2025-12-31, OCFC had $11,515K increase in cash & cash equivalents over the period. $79,511K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income | 71,027 |
| Depreciation and amortization of premises and equipment | 10,300 |
| Allocation of esop stock | 1,167 |
| Stock compensation | 4,869 |
| Net excess tax expense on stock compensation | -195 |
| Amortization of intangibles | 3,634 |
| Net accretion of purchase accounting adjustments | 1,455 |
| Amortization of servicing asset | 480 |
| Net (discount) premium amortization in excess of discount accretion on securities | 3,539 |
| Net amortization of deferred costs on borrowings | 338 |
| Net amortization of deferred fees/costs and premiums/discounts on loans | 9,429 |
| Provision for credit losses | 16,171 |
| Net write-down of fixed assets held-for-sale to net realizable value | 0 |
| Net loss (gain) on sale of fixed assets | -2 |
| Net (gain) loss on equity investments | 916 |
| Net gain on sales of loans | 3,686 |
| Net loss on sale of available-for-sale securities | -34 |
| Proceeds from sales of residential loans held for sale | 504,329 |
| Residential loans originated for sale | 485,200 |
| Write down of other real estate owned | 198 |
| Increase in value of bank owned life insurance | 7,246 |
| Net (gain) loss on sale of assets held for sale | 0 |
| (increase) decrease in interest and dividends receivable | 3,096 |
| Deferred tax provision (benefit) | 3,009 |
| Net loss on disposal of controlling interest in trident | -4,338 |
| Decrease (increase) in other assets | -29,319 |
| Decrease in other liabilities | -47,632 |
| Total adjustments | 16,184 |
| Net cash provided by operating activities | 87,211 |
| Net (increase) decrease in loans receivable | -913,989 |
| Purchases of loan pools | 26,859 |
| Discounts received (premiums paid) on purchased loan pools | 2,562 |
| Proceeds from sale of loans | 8,640 |
| Purchase of debt securities available-for-sale | 809,714 |
| Purchase of debt securities held-to-maturity | 0 |
| Purchase of equity investments | 7,647 |
| Proceeds from maturities and calls of debt securities available-for-sale | 9,914 |
| Proceeds from maturities and calls of debt securities held-to-maturity | 52,715 |
| Proceeds from sales of debt securities available-for-sale | 141,638 |
| Proceeds from sales of equity investments | 365 |
| Principal repayments on debt securities available-for-sale | 269,737 |
| Principal repayments on debt securities held-to-maturity | 114,613 |
| Proceeds from bank owned life insurance | 7,153 |
| Proceeds from the redemption of restricted equity investments | 336,020 |
| Purchases of restricted equity investments | 356,715 |
| Proceeds from sales of other real estate owned | 912 |
| Proceeds from sales of assets held-for-sale | 0 |
| Purchases of premises and equipment | 7,700 |
| Proceeds from disposal of premises and equipment | 0 |
| Proceeds from disposal of controlling interest in trident | 2,750 |
| Net cash consideration paid for acquisition | 0 |
| Net cash (used in) provided by investing activities | -1,175,605 |
| Net increase (decrease) in deposits | 857,974 |
| (decrease) increase in short-term borrowings | -6,204 |
| Net proceeds (repayment) from fhlb advances | 324,568 |
| Net proceeds from issuance of subordinated notes | 181,882 |
| Repayments of other borrowings | 125,000 |
| (decrease) increase in advances by borrowers for taxes and insurance | -1,786 |
| Exercise of stock options | 717 |
| Payment of employee taxes withheld from stock awards | 1,402 |
| Purchase of treasury stock | 24,908 |
| Dividends paid | 48,247 |
| Redemption of preferred stock | 57,370 |
| Distributions to non-controlling interest | 315 |
| Net cash provided by (used) in financing activities | 1,099,909 |
| Net increase (decrease) in cash and due from banks and restricted cash | 11,515 |
| Cash and due from banks and restricted cash at beginning of year | 123,615 |
| Cash and due from banks and restricted cash at end of year | 135,130 |
OCEANFIRST FINANCIAL CORP (OCFC)
OCEANFIRST FINANCIAL CORP (OCFC)