Oceanfirst Financial Corp - Understand $ocfc stock

$OCFC Market Cap: $1.197 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$482.6M

TTM

Gross Margin

Net Earnings

$101.8M

TTM

Current Assets

Current Liabilities

$81.16M

Q3 2024

Current Ratio

Total Assets

$13.49B

Q3 2024

Total Liabilities

$11.79B

Q3 2024

Book Value

$1.694B

Q3 2024

Cash

$214.2M

Q3 2024

P/E

11.75

Nov 29, 2024 EST

Free Cash Flow

$13.04M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994
Revenue	$608.0M	$431.2M	$342.1M	$379.6M	$308.8M	$276.7M	$188.8M	$133.4M	$85.86M	$79.85M	$80.16M	$87.62M	$95.39M	$101.4M
YoY Change	41.0%	26.04%	-9.88%	22.93%	11.62%	46.51%	41.52%	55.39%	7.53%	-0.38%	-8.51%	-8.15%	-5.9%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$608.0M	$431.2M	$342.1M	$379.6M	$308.8M	$276.7M	$188.8M	$133.4M	$85.86M	$79.85M	$80.16M	$87.62M	$95.39M	$101.4M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$12.33M	$11.68M	$9.357M	$8.453M	$8.363M	$8.706M	$6.303M	$4.800M	$3.300M	$2.900M	$4.200M	$4.200M	$4.400M	$4.200M	$4.400M	$3.900M	$5.200M	$4.300M	$4.400M	$4.100M	$7.200M	$6.500M	$4.900M	$2.400M	$1.900M	$2.100M	$1.600M	$1.000M	$900.0K	$1.100M
YoY Change	5.51%	24.86%	10.69%	1.08%	-3.94%	38.12%	31.31%	45.45%	13.79%	-30.95%	0.0%	-4.55%	4.76%	-4.55%	12.82%	-25.0%	20.93%	-2.27%	7.32%	-43.06%	10.77%	32.65%	104.17%	26.32%	-9.52%	31.25%	60.0%	11.11%	-18.18%	-21.43%
% of Gross Profit
Operating Expenses	$248.9M	$234.9M	$226.9M	$246.4M	$189.1M	$186.3M	$126.5M	$102.9M	$60.78M	$57.76M	$59.24M	$52.39M	$52.66M	$53.65M
YoY Change	5.97%	3.54%	-7.94%	30.29%	1.51%	47.28%	23.01%	69.23%	5.21%	-2.5%	13.08%	-0.52%	-1.83%
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Interest Expense	$238.2M	$53.70M	$36.75M	$66.66M	$52.82M	$36.15M	$19.61M	$13.16M	$9.034M	$7.505M	$9.628M	$14.10M	$18.06M	$24.25M
YoY Change	343.67%	46.1%	-44.86%	26.19%	46.11%	84.35%	48.99%	45.71%	20.37%	-22.05%	-31.73%	-21.91%	-25.53%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994
Pretax Income	$136.8M	$193.9M	$142.2M	$81.04M	$107.4M	$85.50M	$65.33M	$35.20M	$31.21M	$30.53M	$24.94M	$30.95M	$32.21M	$30.78M	$24.80M	$21.60M	$900.0K	$19.20M	$29.80M	$27.70M	$30.80M	$29.90M	$27.60M	$23.20M	$25.00M	$20.20M	$21.50M	-$600.0K	$12.60M	$15.10M
YoY Change	-29.47%	36.33%	75.52%	-24.51%	25.56%	30.89%	85.59%	12.8%	2.21%	22.4%	-19.4%	-3.93%	4.66%	24.11%	14.81%	2300.0%	-95.31%	-35.57%	7.58%	-10.06%	3.01%	8.33%	18.97%	-7.2%	23.76%	-6.05%	-3683.33%	-104.76%	-16.56%	-3.82%
Income Tax	$32.70M	$46.57M	$32.17M	$17.73M	$18.78M	$13.57M	$22.86M	$12.15M	$10.88M	$10.61M	$8.613M	$10.93M	$11.47M	$10.40M	$9.200M	$6.900M	-$100.0K	$6.600M	$10.30M	$9.800M	$11.00M	$9.800M	$9.500M	$6.800M	$8.700M	$7.200M	$7.700M	$1.100M	$4.700M	$5.400M
% Of Pretax Income	23.91%	24.01%	22.61%	21.88%	17.5%	15.87%	34.99%	34.53%	34.88%	34.75%	34.53%	35.31%	35.61%	33.79%	37.1%	31.94%	-11.11%	34.38%	34.56%	35.38%	35.71%	32.78%	34.42%	29.31%	34.8%	35.64%	35.81%		37.3%	35.76%
Net Earnings	$100.0M	$142.6M	$110.1M	$63.31M	$88.57M	$71.93M	$42.47M	$23.05M	$20.32M	$19.92M	$16.33M	$20.02M	$20.74M	$20.38M	$15.70M	$14.80M	$1.100M	$12.60M	$19.50M	$17.90M	$19.90M	$20.10M	$18.20M	$16.40M	$16.30M	$13.00M	$13.80M	-$1.700M	$7.900M	$9.700M
YoY Change	-29.86%	29.54%	73.87%	-28.52%	23.14%	69.37%	84.28%	13.4%	2.02%	21.98%	-18.43%	-3.48%	1.78%	29.8%	6.08%	1245.45%	-91.27%	-35.38%	8.94%	-10.05%	-1.0%	10.44%	10.98%	0.61%	25.38%	-5.8%	-911.76%	-121.52%	-18.56%	-3.96%
Net Earnings / Revenue	16.45%	33.07%	32.18%	16.68%	28.68%	26.0%	22.49%	17.27%	23.67%	24.95%	20.37%	22.85%	21.74%	20.1%
Basic Earnings Per Share	$1.70	$2.43	$1.79	$1.02	$1.77	$1.54	$1.32	$1.00	$1.22	$1.19	$0.96	$1.13	$1.14	$1.12
Diluted Earnings Per Share	$1.70	$2.422M	$1.78	$1.02	$1.75	$1.51	$1.28	$0.98	$1.21	$1.19	$0.95	$1.12	$1.14	$1.12	$1.227M	$1.254M	$94.83K	$1.068M	$1.598M	$1.409M	$1.531M	$1.467M	$1.230M	$1.025M	$885.9K	$634.1K	$587.2K	-$67.19K	$312.3K	$383.4K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$121.4M	$126.7M	$143.0M	$130.0M	$121.0M	$111.0M	$102.0M	$71.00M	$28.00M	$25.00M	$24.00M	$22.00M	$22.00M	$22.00M	$22.00M	$21.00M	$18.00M	$18.00M	$16.00M	$16.00M	$16.00M	$18.00M	$17.00M	$15.00M	$14.00M	$14.00M	$14.00M	$14.00M	$8.000M	$4.000M
YoY Change	-4.21%	-11.4%	10.0%	7.44%	9.01%	8.82%	43.66%	153.57%	12.0%	4.17%	9.09%	0.0%	0.0%	0.0%	4.76%	16.67%	0.0%	12.5%	0.0%	0.0%	-11.11%	5.88%	13.33%	7.14%	0.0%	0.0%	0.0%	75.0%	100.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$28.00K	$2.719M	$6.000M	$6.000M	$54.00M	$68.00M	$6.000M	$39.00M	$17.00M	$16.00M	$15.00M	$9.000M
YoY Change	-98.97%	-54.68%	0.0%	-88.89%	-20.59%	1033.33%	-84.62%	129.41%	6.25%	6.67%	66.67%
Total Long-Term Assets
YoY Change
Total Assets	$13.54B	$13.10B	$11.74B	$11.45B	$8.246B	$7.516B	$5.416B	$5.167B	$2.593B	$2.357B	$2.250B	$2.269B	$2.302B	$2.251B	$2.030B	$1.858B	$1.927B	$2.077B	$1.985B	$1.914B	$1.717B	$1.744B	$1.764B	$1.640B	$1.591B	$1.562B	$1.511B	$1.304B	$1.036B	$972.0M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$20.02M	$20.05M	$18.00M	$23.00M	$19.00M
YoY Change	-0.17%	11.41%	-21.74%	21.05%
Deferred Revenue
YoY Change
Short-Term Debt	$73.15M	$69.10M	$119.0M	$128.0M	$72.00M	$62.00M	$80.00M	$70.00M	$76.00M	$68.00M	$68.00M	$61.00M	$66.00M	$68.00M	$65.00M	$62.00M	$82.00M	$85.00M	$113.0M	$151.0M	$107.0M	$185.0M	$212.0M	$236.0M	$240.0M	$272.0M	$288.0M	$99.00M	$0.00	$3.000M
YoY Change	5.86%	-41.94%	-7.03%	77.78%	16.13%	-22.5%	14.29%	-7.89%	11.76%	0.0%	11.48%	-7.58%	-2.94%	4.62%	4.84%	-24.39%	-3.53%	-24.78%	-25.17%	41.12%	-42.16%	-12.74%	-10.17%	-1.67%	-11.76%	-5.56%	190.91%		-100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$73.15M	$20.05M	$18.00M	$23.00M	$19.00M	$62.00M	$80.00M	$70.00M	$76.00M	$68.00M	$68.00M	$61.00M	$66.00M	$68.00M	$65.00M	$62.00M	$82.00M	$85.00M	$113.0M	$151.0M	$107.0M	$185.0M	$212.0M	$236.0M	$240.0M	$272.0M	$288.0M	$99.00M		$3.000M
YoY Change	264.77%	11.41%	-21.74%	21.05%	-69.35%	-22.5%	14.29%	-7.89%	11.76%	0.0%	11.48%	-7.58%	-2.94%	4.62%	4.84%	-24.39%	-3.53%	-24.78%	-25.17%	41.12%	-42.16%	-12.74%	-10.17%	-1.67%	-11.76%	-5.56%	190.91%
Long-Term Debt	$196.5M	$195.4M	$229.0M	$235.0M	$97.00M	$100.0M	$57.00M	$57.00M	$23.00M	$28.00M	$28.00M	$28.00M	$28.00M	$28.00M	$28.00M	$28.00M	$28.00M	$18.00M	$5.000M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	0.54%	-14.67%	-2.55%	142.27%	-3.0%	75.44%	0.0%	147.83%	-17.86%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	55.56%	260.0%
Other Long-Term Liabilities	$323.1M	$367.6M	$124.0M	$150.0M	$58.00M	$52.00M	$46.00M	$30.00M	$15.00M	$18.00M	$18.00M	$16.00M	$7.000M	$19.00M	$9.000M	$7.000M	$10.00M	$32.00M	$9.000M	$36.00M	$11.00M	$19.00M	$17.00M	$8.000M	$6.000M	$12.00M	$5.000M	$4.000M	$4.000M	$0.00
YoY Change	-12.09%	196.42%	-17.33%	158.62%	11.54%	13.04%	53.33%	100.0%	-16.67%	0.0%	12.5%	128.57%	-63.16%	111.11%	28.57%	-30.0%	-68.75%	255.56%	-75.0%	227.27%	-42.11%	11.76%	112.5%	33.33%	-50.0%	140.0%	25.0%	0.0%
Total Long-Term Liabilities	$519.6M	$563.0M	$353.0M	$385.0M	$155.0M	$152.0M	$103.0M	$87.00M	$38.00M	$46.00M	$46.00M	$44.00M	$35.00M	$47.00M	$37.00M	$35.00M	$38.00M	$50.00M	$14.00M	$36.00M	$11.00M	$19.00M	$17.00M	$8.000M	$6.000M	$12.00M	$5.000M	$4.000M	$4.000M	$0.00
YoY Change	-7.71%	59.48%	-8.31%	148.39%	1.97%	47.57%	18.39%	128.95%	-17.39%	0.0%	4.55%	25.71%	-25.53%	27.03%	5.71%	-7.89%	-24.0%	257.14%	-61.11%	227.27%	-42.11%	11.76%	112.5%	33.33%	-50.0%	140.0%	25.0%	0.0%
Total Liabilities	$11.88B	$11.52B	$10.22B	$9.964B	$7.093B	$6.477B	$4.814B	$4.595B	$2.355B	$2.138B	$2.035B	$2.049B	$2.085B	$2.050B	$1.846B	$1.738B	$1.803B	$1.945B	$1.847B	$1.776B	$1.583B	$1.608B	$1.617B	$1.482B	$1.423B	$1.364B	$1.295B	$1.051B	$944.0M	$889.0M
YoY Change	3.11%	12.68%	2.6%	40.48%	9.51%	34.55%	4.77%	95.12%	10.15%	5.06%	-0.68%	-1.73%	1.71%	11.05%	6.21%	-3.61%	-7.3%	5.31%	4.0%	12.19%	-1.55%	-0.56%	9.11%	4.15%	4.33%	5.33%	23.22%	11.33%	6.19%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	58.95M shares	58.73M shares	59.41M shares	59.92M shares	50.17M shares	46.77M shares	32.11M shares	23.09M shares	16.60M shares	16.69M shares	17.07M shares	17.73M shares	18.19M shares	18.14M shares
Diluted Shares Outstanding	58.96M shares	58.88M shares	59.65M shares	60.07M shares	50.75M shares	47.66M shares	33.13M shares	23.53M shares	16.81M shares	16.80M shares	17.16M shares	17.83M shares	18.24M shares	18.19M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.1968 Billion

About OCEANFIRST FINANCIAL CORP

OceanFirst Financial Corp. operates as a savings and loan holding company, which engages in the provision of financial services. The company is headquartered in Toms River, New Jersey and currently employs 857 full-time employees. (the Bank). The Bank is a full-service regional bank delivering financial products and services, which include commercial and consumer financing, deposit services, and wealth management products and services, throughout New Jersey and the metropolitan markets of Philadelphia, New York, Baltimore, and others. The Bank's commercial loans include multi-family and commercial real estate loans, commercial construction loans, and commercial and industrial loans. The Bank’s primary sources of funds are deposits, principal and interest payments on loans and investments, and other borrowings. The company also generates non-interest income such as income from bankcard services, trust and asset management products and services, deposit account services, and others. The company operates approximately 37 branch offices, and deposit production facilities located throughout New Jersey and metropolitan area of New York City and Philadelphia.

Industry: National Commercial Banks Peers: 1ST SOURCE CORP Dime Community Bancshares, Inc. /NY/ FIRST COMMONWEALTH FINANCIAL CORP /PA/ First Foundation Inc. GERMAN AMERICAN BANCORP, INC. LAKELAND BANCORP INC PNC FINANCIAL SERVICES GROUP, INC. S&T BANCORP INC SOUTHSIDE BANCSHARES INC TOMPKINS FINANCIAL CORP