ocfc: the income statement

MyFinsight

For the quarter ending 2025-09-30.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement	2025-09-30	2025-06-30	2025-03-31	2024-09-30
Total operating expenses	76,327	71,474	64,294	63,736
Income before provision for income taxes	22,542	24,856	28,271	32,650
Provision for income taxes	5,156	5,771	6,808	7,464
Net income	17,386	19,085	21,463	25,186
Net income attributable to non-controlling interest	56	39	-46	70
Net income attributable to oceanfirst financial corp	17,330	19,046	21,509	25,116
Dividends on preferred shares	0	1,004	1,004	1,004
Loss on redemption of preferred stock	0	1,842	-	-
Net income available to common stockholders, basic	17,330	16,200	20,505	24,112

Average basic shares outstanding (in shares)	57,031,000	57,738,000	58,102,000	58,065,000
Average diluted shares outstanding (in shares)	57,036,000	57,740,000	58,111,000	58,068,000
Basic earnings per share (in dollars per share)	0.3	0.28	0.35	0.42
Diluted earnings per share (in dollars per share)	0.3	0.28	0.35	0.42