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Income Statement
OCEANFIRST FINANCIAL CORP (OCFC)
source: myfinsight.com
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Equity investments andother$3,397,000 (-21.69%↓ Y/Y)Loans$135,478,000 (-0.42%↓ Y/Y)Debt securities$15,950,000 (-16.22%↓ Y/Y)Total interest income$154,825,000 (-2.89%↓ Y/Y)Net interest income$87,636,000 (6.53%↑ Y/Y)Bankcard servicesrevenue$1,619,000 (3.06%↑ Y/Y)Income from bank ownedlife insurance$1,786,000 (3.48%↑ Y/Y)Net gain on equityinvestments$488,000 (-44.98%↓ Y/Y)Commercial loan swap income$207,000 (-14.11%↓ Y/Y)Net gain on sales ofloans$1,177,000 (180.24%↑ Y/Y)Other$1,373,000 (94.48%↑ Y/Y)Revenue-Investment AdvisoryManagement And...$374,000 Revenue-Deposit Account$4,969,000 Total interestexpense$67,189,000 (-12.93%↓ Y/Y)Net interest incomeafter provision for...$84,597,000 (6.88%↑ Y/Y)Total other income$11,733,000 (6.81%↑ Y/Y)Provision for creditlosses$3,039,000 (-2.41%↓ Y/Y)Net loss from otherreal estate...-$260,000 Borrowed funds$14,916,000 (-12.73%↓ Y/Y)Deposits$52,273,000 (-12.98%↓ Y/Y)Income beforeprovision for income taxes$24,856,000 (-21.13%↓ Y/Y)Total operatingexpenses$71,474,000 (21.93%↑ Y/Y)Net income$19,085,000 (-21.89%↓ Y/Y)Provision for income taxes$5,771,000 (-18.51%↓ Y/Y)Check card processing$1,156,000 (7.53%↑ Y/Y)Amortization of intangibles$906,000 Equipment$869,000 (-18.63%↓ Y/Y)Federal depositinsurance and regulatory...$2,898,000 (7.93%↑ Y/Y)Data processing$6,808,000 (13.13%↑ Y/Y)Compensation and employeebenefits$40,242,000 (21.44%↑ Y/Y)Marketing$1,541,000 (31.15%↑ Y/Y)Occupancy$5,454,000 (5.39%↑ Y/Y)Other operatingexpenses$7,264,000 (36.62%↑ Y/Y)Professional fees$4,336,000 (100.65%↑ Y/Y)Net incomeattributable to oceanfirst...$19,046,000 (-21.86%↓ Y/Y)Net income (loss)attributable to...$39,000 (-33.90%↓ Y/Y)Net incomeavailable to common...$16,200,000 (-30.68%↓ Y/Y)Loss on redemption ofpreferred stock$1,842,000 Dividends on preferredshares$1,004,000 (0.00%↑ Y/Y)