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OCEANFIRST FINANCIAL CORP

CIK: 1004702 SIC: 6021
$369.73M
Net Interest Income
$104.03M
Net Income
-
Efficiency Ratio
2.75%
Net Int. Margin
6.1%
ROE
Financial Statements Annual (10-K)
Showing 5 of 15 annual reports available (2011 - 2025)
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
Interest Income $642.45M $642.45M $642.17M $607.97M $431.18M $342.09M
Interest Expense $282.23M $282.23M $308.14M $238.24M $53.70M $36.75M
Net Interest Income $360.22M $360.22M $334.04M $369.73M $377.48M $305.34M
Provision for Credit Losses $16.17M $16.17M $7.69M $17.68M $7.77M $-11.83M
Net Interest Income After Provision $344.05M $344.05M $326.35M $352.05M $369.71M $317.17M
Non-Interest Income $44.70M $44.70M $50.19M $33.62M $59.09M $51.93M
Compensation & Benefits $159.35M $159.35M $138.34M $135.80M $131.91M $120.01M
Occupancy Expense $22.87M $22.87M $20.81M $21.19M $20.82M $20.48M
Technology & Equipment $27.72M $27.72M $24.28M $24.84M $23.09M $21.57M
Professional Fees $15.09M $15.09M $9.48M $18.30M $12.99M $11.04M
Income Before Tax $92.52M $92.52M $130.66M $136.76M $193.92M $142.24M
Income Tax Expense $21.49M $21.49M $30.27M $32.70M $46.56M $32.16M
Net Income $70.98M $70.98M $100.06M $104.03M $146.60M $110.08M
Basic EPS nan 1.17 1.65 1.70 2.43 1.79
Diluted EPS nan 1.17 1.65 1.70 2.42 1.78
Breakdown FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
Cash & Due from Banks $135.13M $123.61M $153.72M $167.95M $204.95M
Investment Securities - AFS $1.23B $827.50M $753.89M $457.65M $568.25M
Investment Securities - HTM $881.57M $1.05B $1.16B $1.22B $1.14B
Loans & Leases (Gross) $11.03B $10.12B - - -
Loans & Leases (Net) $10.97B $10.06B $10.14B $9.87B $8.58B
Goodwill & Intangibles $517.48M $523.31M $506.15M $506.15M $500.32M
Other Assets $149.30M $185.70M $179.66M $221.07M $147.01M
Total Assets $14.56B $13.42B $13.54B $13.10B $11.74B
Total Deposits $10.96B $10.07B $10.43B $9.68B $9.73B
Long-term Debt $255.23M - - - -
Other Liabilities $209.27M $298.39M $300.71M $346.15M $122.03M
Total Liabilities $12.90B $11.72B $11.88B $11.52B $10.22B
Common Stock $625.00K $613.00K $613.00K $612.00K $611.00K
Retained Earnings $662.62M $641.73M $592.54M $540.51M $442.31M
Treasury Stock - - - - $61.71M
AOCI $-2.16M $-15.85M $-20.86M $-35.98M $-2.82M
Total Stockholders Equity $1.66B $1.70B $1.66B $1.58B $1.52B
Total Liabilities & Equity $14.56B $13.42B $13.54B $13.10B $11.74B
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
Net Income $70.98M $70.98M $100.06M $104.03M $146.60M $110.08M
Provision for Credit Losses $16.17M $16.17M $7.69M $17.68M $7.77M $-11.83M
Depreciation & Amortization $17.93M $10.30M $10.90M $12.33M $11.68M $9.36M
Deferred Taxes $2.87M $3.01M $-337.00K $3.15M $1.78M $3.61M
Stock-based Compensation $9.15M $4.87M $6.08M $5.85M $6.64M $5.42M
Net Change in Loans HFS $820.63M $485.20M $283.86M $62.54M $13.16M $53.94M
Operating Cash Flow $112.22M $87.21M $92.24M $124.26M $250.45M $159.97M
Purchases of Securities $868.32M $809.71M $256.78M $302.91M $69.49M $510.07M
Sales of Securities $147.08M $141.64M $7.12M $1.30M $30.26M $3.00M
Maturities of Securities $14.66M $9.91M $19.54M $22.38M $104.45M $103.72M
Capital Expenditures $12.80M $7.70M $7.57M $7.71M $16.11M $42.04M
Acquisitions - - $68.93M - - -
Investing Cash Flow $-952.06M $-1.18B $106.40M $-488.00M $-1.32B $-1.48B
Net Change in Deposits $1.13B $857.97M $-366.50M $760.02M $-56.96M $407.57M
Net Change in Short-term Borrowings $-773.00K $-6.20M $-12.67M $3.95M $-49.67M $-9.69M
Preferred Stock Issued - - - - - -
Common Stock Repurchased $56.11M $24.91M $21.48M - $7.40M $36.06M
Dividends Paid $86.28M $48.25M $50.88M $51.27M $47.51M $44.51M
Financing Cash Flow $938.44M $1.10B $-228.75M $349.47M $1.01B $223.99M
Net Change in Cash $98.61M $11.52M $-30.10M $-14.27M $-56.80M $-1.09B
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Operating Expenses $76.33M $63.74M $212.09M $181.03M
Interest Expense $71.54M $79.31M $205.65M $219.31M
Income Before Tax $22.54M $32.65M $75.67M $103.41M
Income Tax Expense $5.16M $7.46M $17.73M $25.18M
Net Income $17.33M $25.12M $57.88M $78.16M
Basic EPS 0.30 0.42 0.94 1.29
Diluted EPS 0.30 0.42 0.94 1.29
Basic Shares Outstanding $57.03M $58.06M $57.60M $58.41M
Diluted Shares Outstanding $57.04M $58.07M $57.60M $58.41M
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Goodwill $523.31M $523.31M
Intangible Assets $9.93M $12.68M
Total Assets $14.32B $13.42B
Total Liabilities $12.67B $11.72B
Common Stock $625.00K $613.00K
Retained Earnings $660.97M $641.73M
Total Stockholders Equity $1.65B $1.70B
Total Liabilities & Equity $14.32B $13.42B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $17.33M $25.12M $57.88M $78.16M
Depreciation & Amortization - - $7.70M $8.28M
Stock-based Compensation - - $3.42M $4.51M
Deferred Income Tax - - $-25.00K $935.00K
Operating Cash Flow - - $51.21M $47.44M
Capital Expenditure - - $4.82M $5.95M
Acquisitions - - - $1.00M
Sales of Investments - - $5.60M $15.87M
Investing Cash Flow - - $-788.26M $115.00M
Stock Repurchased - - $24.35M $21.48M
Dividends Paid - - $36.80M $38.22M
Financing Cash Flow - - $887.57M $-101.98M
Net Change in Cash - - $150.51M $60.45M

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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