Oceanfirst Financial Corp financial data

Symbol
OCFC, OCFCP on Nasdaq
Industry
National Commercial Banks
Location
975 Hooper Ave, Toms River, New Jersey
State of incorporation
Delaware
Fiscal year end
December 31
Former names
OCEAN FINANCIAL CORP (to 3/26/1999)
Latest financial report
Q1 2024 - May 2, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Debt-to-equity 719 % -1.16%
Return On Equity 6.36 % -33.1%
Return On Assets 0.78 % -32.2%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 58.7M shares -1.3%
Common Stock, Shares, Outstanding 58.8M shares -1.13%
Entity Public Float 903M USD -18%
Common Stock, Value, Issued 613K USD 0%
Weighted Average Number of Shares Outstanding, Basic 58.8M shares +0.03%
Weighted Average Number of Shares Outstanding, Diluted 58.8M shares -0.22%

Income Statement

Label TTM Value / Value Unit Change %
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 139M USD -29.1%
Income Tax Expense (Benefit) 34.7M USD -26.6%
Net Income (Loss) Attributable to Parent 105M USD -29.5%
Earnings Per Share, Basic 1.71 USD/shares -30.8%
Earnings Per Share, Diluted 1.71 USD/shares -30.5%

Balance Sheet

Label TTM Value / Value Unit Change %
Operating Lease, Right-of-Use Asset 18M USD -10.5%
Intangible Assets, Net (Excluding Goodwill) 8.67M USD -30.5%
Goodwill 506M USD 0%
Assets 13.4B USD -1.01%
Liabilities 11.8B USD -1.61%
Accumulated Other Comprehensive Income (Loss), Net of Tax -19.4M USD +33.8%
Retained Earnings (Accumulated Deficit) 608M USD +9.63%
Stockholders' Equity Attributable to Parent 1.67B USD +3.45%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 1.67B USD +3.44%
Liabilities and Equity 13.4B USD -1.01%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 46.1M USD +89.2%
Net Cash Provided by (Used in) Financing Activities -190M USD -142%
Net Cash Provided by (Used in) Investing Activities 121M USD
Common Stock, Shares Authorized 150M shares 0%
Common Stock, Shares, Issued 62.5M shares +0.46%
Common Stock, Par or Stated Value Per Share 0.01 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -23.3M USD -107%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 130M USD -73.7%
Interest Paid, Excluding Capitalized Interest, Operating Activities 62.8M USD +85.2%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 60.5M USD -9.65%
Operating Lease, Liability 19.1M USD -9.6%
Payments to Acquire Property, Plant, and Equipment 680K USD -68.4%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 115M USD -14.8%
Lessee, Operating Lease, Liability, to be Paid 21.3M USD -10%
Operating Lease, Weighted Average Discount Rate, Percent 0.03 pure 0%
Deferred Income Tax Expense (Benefit) 1.42M USD
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 2.2M USD -13.6%
Preferred Stock, Shares Issued 57.4K shares 0%
Deferred Federal Income Tax Expense (Benefit) 4.25M USD +90.5%
Current Income Tax Expense (Benefit) 29.5M USD -34%
Preferred Stock, Shares Authorized 5M shares 0%
Unrecognized Tax Benefits 0 USD
Operating Lease, Payments 4.53M USD +2.03%
Current State and Local Tax Expense (Benefit) 8.66M USD -26.7%
Current Federal Tax Expense (Benefit) 20.9M USD -36.6%
Depreciation, Depletion and Amortization 2.87M USD -7.27%
Share-based Payment Arrangement, Expense 6.95M USD -3.42%
Deferred State and Local Income Tax Expense (Benefit) -1.1M USD -142%
Interest Expense 273M USD +214%
Preferred Stock, Par or Stated Value Per Share 0.01 USD/shares 0%