For the quarter ending 2025-09-30, OCFC made $322,362K in revenue. $17,330K in net income. Net profit margin of 5.38%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Loans | 141,847 | 135,478 | 133,019 | 136,280 |
| Revenue-Deposit Account | - | 4,969 | - | - |
| Debt securities | 17,156 | 15,950 | 17,270 | 19,631 |
| Revenue | - | - | 5,118 | 5,811 |
| Revenue-Investment Advisory Management And Administrative Service | - | 374 | - | - |
| Equity investments and other | 3,191 | 3,397 | 3,414 | 4,701 |
| Net loss from other real estate operations | - | -260 | -16 | -5 |
| Total interest income | 162,194 | 154,825 | 153,703 | 160,611 |
| Other | - | 1,373 | 1,153 | 965 |
| Deposits | 53,246 | 52,273 | 51,046 | 59,872 |
| Net gain on sales of loans | - | 1,177 | 858 | 717 |
| Borrowed funds | 18,291 | 14,916 | 16,005 | 15,963 |
| Commercial loan swap income | - | 207 | 620 | 112 |
| Total interest expense | 71,537 | 67,189 | 67,051 | 75,835 |
| Net gain on equity investments | - | 488 | 205 | 959 |
| Net interest income | 90,657 | 87,636 | 86,652 | 84,777 |
| Income from bank owned life insurance | - | 1,786 | 1,852 | 2,200 |
| Provision for credit losses | 4,092 | 3,039 | 5,340 | 2,029 |
| Bankcard services revenue | - | 1,619 | 1,463 | 1,506 |
| Net interest income after provision for credit losses | 86,565 | 84,597 | 81,312 | 82,748 |
| Total other income | 12,304 | 11,733 | 11,253 | 12,259 |
| Compensation and employee benefits | 41,387 | 40,242 | 36,740 | 34,681 |
| Occupancy | 6,098 | 5,454 | 5,497 | 5,240 |
| Equipment | 931 | 869 | 921 | 1,078 |
| Marketing | 1,538 | 1,541 | 1,108 | 1,303 |
| Federal deposit insurance and regulatory assessments | 2,616 | 2,898 | 2,983 | 2,826 |
| Data processing | 7,164 | 6,808 | 6,647 | 6,161 |
| Check card processing | 1,170 | 1,156 | 1,170 | 1,092 |
| Professional fees | 3,467 | 4,336 | 2,425 | 2,676 |
| Amortization of intangibles | 900 | 906 | 940 | 833 |
| Merger related expenses | 0 | - | - | 55 |
| Restructuring charges | 4,147 | - | - | - |
| Other operating expenses | 6,909 | 7,264 | 5,863 | 5,790 |
| Total operating expenses | 76,327 | 71,474 | 64,294 | 61,761 |
| Income before provision for income taxes | 22,542 | 24,856 | 28,271 | 33,246 |
| Provision for income taxes | 5,156 | 5,771 | 6,808 | 7,860 |
| Net income | 17,386 | 19,085 | 21,463 | 25,386 |
| Net income attributable to non-controlling interest | 56 | 39 | -46 | 98 |
| Net income attributable to oceanfirst financial corp | 17,330 | 19,046 | 21,509 | 25,288 |
| 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 | 24,284 |
| Average basic shares outstanding (in shares) | 57,031,000 | 57,738,000 | 58,102,000 | -29,062,500 |
| Average diluted shares outstanding (in shares) | 57,036,000 | 57,740,000 | 58,111,000 | -29,064,000 |
| Basic earnings per share (in dollars per share) | 0.3 | 0.28 | 0.35 | 0.415 |
| Diluted earnings per share (in dollars per share) | 0.3 | 0.28 | 0.35 | 0.415 |
OCEANFIRST FINANCIAL CORP (OCFC)
OCEANFIRST FINANCIAL CORP (OCFC)