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10-Q Filing

OCEANFIRST FINANCIAL CORP CIK: 1004702 Q2 2022
Filing Information
Form Type 10-Q
Accession Number 0001004702-22-000113
Period End Date 20220630
Filing Date 20220804
Fiscal Year 2022
Fiscal Period Q2
XBRL Instance ocfc-20220630_htm.xml
Balance Sheet 104 line items
Line Item Tag Value Unit Period
Allowance for Credit Losses DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest $1.61M USD Point-in-time
Allowance for Credit Losses DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest $1.29M USD Point-in-time
Allowance for Credit Losses DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest $1.47M USD Point-in-time
Allowance for Credit Losses DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest $1.72M USD Point-in-time
Allowance for Credit Losses DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest $1.72M USD Point-in-time
Allowance for Credit Losses DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest $1.38M USD Point-in-time
Securities held-to-maturity, fair value HeldToMaturitySecuritiesFairValue $987.53M USD Point-in-time
Securities held-to-maturity, fair value HeldToMaturitySecuritiesFairValue $1.15B USD Point-in-time
Cash and due from banks CashAndDueFromBanks $204.95M USD Point-in-time
Cash and due from banks CashAndDueFromBanks $1.08B USD Point-in-time
Cash and due from banks CashAndDueFromBanks $1.27B USD Point-in-time
Cash and due from banks CashAndDueFromBanks $189.02M USD Point-in-time
Allowance for loan credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $53.88M USD Point-in-time
Allowance for loan credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $52.06M USD Point-in-time
Allowance for loan credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $50.60M USD Point-in-time
Allowance for loan credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $59.98M USD Point-in-time
Debt securities available-for-sale, at estimated fair value DebtSecuritiesAvailableForSaleExcludingAccruedInterest $568.25M USD Point-in-time
Allowance for loan credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $48.85M USD Point-in-time
Allowance for loan credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $60.73M USD Point-in-time
Debt securities available-for-sale, at estimated fair value DebtSecuritiesAvailableForSaleExcludingAccruedInterest $507.28M USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Debt securities held-to-maturity, net of allowance for securities credit losses of $1,293 at June 30, 2022 and $1,467 at December 31, 2021 (estimated fair value of $987,532 at June 30, 2022 and $1,152,744 at December 31, 2021) DebtSecuritiesHeldToMaturityExcludingAccruedInterestAfterAllowanceForCreditLoss $1.14B USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Debt securities held-to-maturity, net of allowance for securities credit losses of $1,293 at June 30, 2022 and $1,467 at December 31, 2021 (estimated fair value of $987,532 at June 30, 2022 and $1,152,744 at December 31, 2021) DebtSecuritiesHeldToMaturityExcludingAccruedInterestAfterAllowanceForCreditLoss $1.07B USD Point-in-time
Equity investments EquityInvestments $75.27M USD Point-in-time
Preferred stock, liquidation preference, value PreferredStockLiquidationPreferenceValue $1.00K USD Point-in-time
Preferred stock, liquidation preference, value PreferredStockLiquidationPreferenceValue $1.00K USD Point-in-time
Equity investments EquityInvestments $101.16M USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 5.00M shares Point-in-time
Restricted equity investments, at cost FederalHomeLoanBankStock $53.20M USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 5.00M shares Point-in-time
Restricted equity investments, at cost FederalHomeLoanBankStock $76.05M USD Point-in-time
Preferred stock, shares issued (in shares) PreferredStockSharesIssued 57,370.00 shares Point-in-time
Loans receivable, net of allowance for loan credit losses of $52,061 at June 30, 2022 and $48,850 at December 31, 2021 FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss $9.38B USD Point-in-time
Preferred stock, shares issued (in shares) PreferredStockSharesIssued 57,370.00 shares Point-in-time
Loans receivable, net of allowance for loan credit losses of $52,061 at June 30, 2022 and $48,850 at December 31, 2021 FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss $8.58B USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Interest and dividends receivable InterestReceivable $32.61M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Interest and dividends receivable InterestReceivable $34.18M USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 150.00M shares Point-in-time
Other real estate owned OtherRealEstate $106.00K USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 150.00M shares Point-in-time
Other real estate owned OtherRealEstate - USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 61.54M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 61.86M shares Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization $125.83M USD Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization $128.12M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 59.13M shares Point-in-time
Bank owned life insurance BankOwnedLifeInsurance $260.23M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 59.18M shares Point-in-time
Bank owned life insurance BankOwnedLifeInsurance $259.21M USD Point-in-time
Assets held for sale AssetsHeldForSaleNotPartOfDisposalGroup $6.23M USD Point-in-time
Assets held for sale AssetsHeldForSaleNotPartOfDisposalGroup $4.26M USD Point-in-time
Treasury stock, shares (in shares) TreasuryStockCommonShares 2.36M shares Point-in-time
Treasury stock, shares (in shares) TreasuryStockCommonShares 2.73M shares Point-in-time
Goodwill Goodwill $506.15M USD Point-in-time
Goodwill Goodwill $500.32M USD Point-in-time
Core deposit intangible IntangibleAssetsNetExcludingGoodwill $15.83M USD Point-in-time
Core deposit intangible IntangibleAssetsNetExcludingGoodwill $18.21M USD Point-in-time
Other assets OtherAssets $147.01M USD Point-in-time
Other assets OtherAssets $193.55M USD Point-in-time
Total assets Assets $12.44B USD Point-in-time
Total assets Assets $11.74B USD Point-in-time
Deposits Deposits $9.73B USD Point-in-time
Deposits Deposits $9.83B USD Point-in-time
Federal Home Loan Bank (FHLB) advances AdvancesFromFederalHomeLoanBanks - USD Point-in-time
Federal Home Loan Bank (FHLB) advances AdvancesFromFederalHomeLoanBanks $488.75M USD Point-in-time
Securities sold under agreements to repurchase with customers SecuritiesSoldUnderAgreementsToRepurchase $105.50M USD Point-in-time
Securities sold under agreements to repurchase with customers SecuritiesSoldUnderAgreementsToRepurchase $118.77M USD Point-in-time
Other borrowings OtherBorrowings $229.14M USD Point-in-time
Other borrowings OtherBorrowings $194.65M USD Point-in-time
Advances by borrowers for taxes and insurance AdvancePaymentsByBorrowersForTaxesAndInsurance $20.30M USD Point-in-time
Advances by borrowers for taxes and insurance AdvancePaymentsByBorrowersForTaxesAndInsurance $23.64M USD Point-in-time
Other liabilities OtherLiabilities $273.20M USD Point-in-time
Other liabilities OtherLiabilities $122.03M USD Point-in-time
Total liabilities Liabilities $10.22B USD Point-in-time
Total liabilities Liabilities $10.92B USD Point-in-time
Preferred stock, $0.01 par value, $1,000 liquidation preference, 5,000,000 shares authorized, and 57,370 shares issued at both June 30, 2022 and December 31, 2021 PreferredStockValue $1.00K USD Point-in-time
Preferred stock, $0.01 par value, $1,000 liquidation preference, 5,000,000 shares authorized, and 57,370 shares issued at both June 30, 2022 and December 31, 2021 PreferredStockValue $1.00K USD Point-in-time
Common stock, $0.01 par value, 150,000,000 shares authorized, 61,863,794 and 61,535,381 shares issued at June 30, 2022 and December 31, 2021, respectively; and 59,130,236 and 59,175,046 shares outstanding at June 30, 2022 and December 31, 2021, respectively CommonStockValue $612.00K USD Point-in-time
Common stock, $0.01 par value, 150,000,000 shares authorized, 61,863,794 and 61,535,381 shares issued at June 30, 2022 and December 31, 2021, respectively; and 59,130,236 and 59,175,046 shares outstanding at June 30, 2022 and December 31, 2021, respectively CommonStockValue $611.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $1.15B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $1.15B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $442.31M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $474.11M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-2.82M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-29.09M USD Point-in-time
Less: Unallocated common stock held by Employee Stock Ownership Plan ("ESOP") CommonStockIssuedEmployeeTrustDeferred $7.40M USD Point-in-time
Less: Unallocated common stock held by Employee Stock Ownership Plan ("ESOP") CommonStockIssuedEmployeeTrustDeferred $8.62M USD Point-in-time
Treasury stock, 2,733,558 and 2,360,335 shares at June 30, 2022 and December 31, 2021, respectively TreasuryStockCommonValue $61.71M USD Point-in-time
Treasury stock, 2,733,558 and 2,360,335 shares at June 30, 2022 and December 31, 2021, respectively TreasuryStockCommonValue $69.11M USD Point-in-time
OceanFirst Financial Corp. stockholders equity StockholdersEquity $1.52B USD Point-in-time
OceanFirst Financial Corp. stockholders equity StockholdersEquity $1.52B USD Point-in-time
Non-controlling interest MinorityInterest - USD Point-in-time
Non-controlling interest MinorityInterest $944.00K USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.52B USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.48B USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.50B USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.52B USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.51B USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.52B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $11.74B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $12.44B USD Point-in-time
Income Statement 168 line items
Line Item Tag Value Unit Period
Loans InterestAndFeeIncomeLoansAndLeases $90.73M USD 1 Quarter
Loans InterestAndFeeIncomeLoansAndLeases $173.20M USD 2 Qtrs
Loans InterestAndFeeIncomeLoansAndLeases $77.05M USD 1 Quarter
Loans InterestAndFeeIncomeLoansAndLeases $154.96M USD 2 Qtrs
Debt securities InterestIncomeDebtSecuritiesOperating $5.98M USD 1 Quarter
Debt securities InterestIncomeDebtSecuritiesOperating $14.98M USD 2 Qtrs
Debt securities InterestIncomeDebtSecuritiesOperating $11.34M USD 2 Qtrs
Debt securities InterestIncomeDebtSecuritiesOperating $7.47M USD 1 Quarter
Equity investments and other InterestAndDividendIncomeSecuritiesOther $2.22M USD 2 Qtrs
Equity investments and other InterestAndDividendIncomeSecuritiesOther $309.00K USD 1 Quarter
Equity investments and other InterestAndDividendIncomeSecuritiesOther $1.92M USD 2 Qtrs
Equity investments and other InterestAndDividendIncomeSecuritiesOther $1.21M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $99.42M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $83.34M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $190.40M USD 2 Qtrs
Total interest income InterestAndDividendIncomeOperating $168.22M USD 2 Qtrs
Deposits InterestExpenseDeposits $8.36M USD 2 Qtrs
Deposits InterestExpenseDeposits $4.32M USD 1 Quarter
Deposits InterestExpenseDeposits $6.33M USD 1 Quarter
Deposits InterestExpenseDeposits $14.82M USD 2 Qtrs
Borrowed funds InterestExpenseBorrowings $7.02M USD 2 Qtrs
Borrowed funds InterestExpenseBorrowings $5.77M USD 2 Qtrs
Borrowed funds InterestExpenseBorrowings $4.30M USD 1 Quarter
Borrowed funds InterestExpenseBorrowings $3.00M USD 1 Quarter
Total interest expense InterestExpense $8.62M USD 1 Quarter
Total interest expense InterestExpense $15.38M USD 2 Qtrs
Total interest expense InterestExpense $20.59M USD 2 Qtrs
Total interest expense InterestExpense $9.32M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $90.80M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $74.02M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $175.02M USD 2 Qtrs
Net interest income InterestIncomeExpenseNet $147.62M USD 2 Qtrs
Credit loss expense (benefit) ProvisionForLoanAndLeaseLosses $-6.46M USD 1 Quarter
Credit loss expense (benefit) ProvisionForLoanAndLeaseLosses $-7.08M USD 2 Qtrs
Credit loss expense (benefit) ProvisionForLoanAndLeaseLosses $3.10M USD 2 Qtrs
Credit loss expense (benefit) ProvisionForLoanAndLeaseLosses $1.25M USD 1 Quarter
Net interest income after credit loss expense (benefit) InterestIncomeExpenseAfterProvisionForLoanLoss $80.48M USD 1 Quarter
Net interest income after credit loss expense (benefit) InterestIncomeExpenseAfterProvisionForLoanLoss $154.70M USD 2 Qtrs
Net interest income after credit loss expense (benefit) InterestIncomeExpenseAfterProvisionForLoanLoss $89.54M USD 1 Quarter
Net interest income after credit loss expense (benefit) InterestIncomeExpenseAfterProvisionForLoanLoss $171.92M USD 2 Qtrs
Bankcard services revenue CreditAndDebitCardRevenue $3.31M USD 1 Quarter
Bankcard services revenue CreditAndDebitCardRevenue $3.59M USD 1 Quarter
Bankcard services revenue CreditAndDebitCardRevenue $6.27M USD 2 Qtrs
Bankcard services revenue CreditAndDebitCardRevenue $6.64M USD 2 Qtrs
Net gain on sales of loans GainLossOnSaleOfMortgageLoans $3.00K USD 1 Quarter
Net gain on sales of loans GainLossOnSaleOfMortgageLoans $180.00K USD 2 Qtrs
Net gain on sales of loans GainLossOnSaleOfMortgageLoans $3.19M USD 2 Qtrs
Net gain on sales of loans GainLossOnSaleOfMortgageLoans $1.28M USD 1 Quarter
Net (loss) gain on equity investments DebtSecuritiesAvailableForSaleGainLoss $-10.86M USD 2 Qtrs
Net (loss) gain on equity investments DebtSecuritiesAvailableForSaleGainLoss $576.00K USD 1 Quarter
Net (loss) gain on equity investments DebtSecuritiesAvailableForSaleGainLoss $-8.08M USD 1 Quarter
Net (loss) gain on equity investments DebtSecuritiesAvailableForSaleGainLoss $8.86M USD 2 Qtrs
Net gain (loss) from other real estate operations ProfitLossFromRealEstateOperations $-9.00K USD 2 Qtrs
Net gain (loss) from other real estate operations ProfitLossFromRealEstateOperations $50.00K USD 1 Quarter
Net gain (loss) from other real estate operations ProfitLossFromRealEstateOperations $-1.00K USD 1 Quarter
Net gain (loss) from other real estate operations ProfitLossFromRealEstateOperations $48.00K USD 2 Qtrs
Income from bank owned life insurance BankOwnedLifeInsuranceIncome $1.72M USD 1 Quarter
Income from bank owned life insurance BankOwnedLifeInsuranceIncome $3.52M USD 2 Qtrs
Income from bank owned life insurance BankOwnedLifeInsuranceIncome $3.13M USD 2 Qtrs
Income from bank owned life insurance BankOwnedLifeInsuranceIncome $1.42M USD 1 Quarter
Commercial loan swap income GainLossOnOilAndGasHedgingActivity $5.08M USD 2 Qtrs
Commercial loan swap income GainLossOnOilAndGasHedgingActivity $73.00K USD 1 Quarter
Commercial loan swap income GainLossOnOilAndGasHedgingActivity $2.29M USD 1 Quarter
Commercial loan swap income GainLossOnOilAndGasHedgingActivity $1.18M USD 2 Qtrs
Other NoninterestIncomeOtherOperatingIncome $895.00K USD 2 Qtrs
Other NoninterestIncomeOtherOperatingIncome $183.00K USD 2 Qtrs
Other NoninterestIncomeOtherOperatingIncome $169.00K USD 1 Quarter
Other NoninterestIncomeOtherOperatingIncome $236.00K USD 1 Quarter
Total other income NoninterestIncome $32.64M USD 2 Qtrs
Total other income NoninterestIncome $11.80M USD 1 Quarter
Total other income NoninterestIncome $7.54M USD 1 Quarter
Total other income NoninterestIncome $16.39M USD 2 Qtrs
Compensation and employee benefits LaborAndRelatedExpense $33.15M USD 1 Quarter
Compensation and employee benefits LaborAndRelatedExpense $29.91M USD 1 Quarter
Compensation and employee benefits LaborAndRelatedExpense $58.28M USD 2 Qtrs
Compensation and employee benefits LaborAndRelatedExpense $63.85M USD 2 Qtrs
Occupancy OccupancyNet $5.31M USD 1 Quarter
Occupancy OccupancyNet $4.76M USD 1 Quarter
Occupancy OccupancyNet $10.38M USD 2 Qtrs
Occupancy OccupancyNet $10.50M USD 2 Qtrs
Equipment EquipmentExpense $1.34M USD 1 Quarter
Equipment EquipmentExpense $2.88M USD 2 Qtrs
Equipment EquipmentExpense $1.31M USD 1 Quarter
Equipment EquipmentExpense $2.71M USD 2 Qtrs
Marketing MarketingExpense $971.00K USD 1 Quarter
Marketing MarketingExpense $1.59M USD 2 Qtrs
Marketing MarketingExpense $1.06M USD 2 Qtrs
Marketing MarketingExpense $625.00K USD 1 Quarter
Federal deposit insurance and regulatory assessments FederalDepositInsuranceCorporationPremiumExpense $1.79M USD 1 Quarter
Federal deposit insurance and regulatory assessments FederalDepositInsuranceCorporationPremiumExpense $2.96M USD 2 Qtrs
Federal deposit insurance and regulatory assessments FederalDepositInsuranceCorporationPremiumExpense $3.68M USD 2 Qtrs
Federal deposit insurance and regulatory assessments FederalDepositInsuranceCorporationPremiumExpense $1.10M USD 1 Quarter
Data processing InformationTechnologyAndDataProcessing $8.43M USD 2 Qtrs
Data processing InformationTechnologyAndDataProcessing $4.40M USD 1 Quarter
Data processing InformationTechnologyAndDataProcessing $6.17M USD 1 Quarter
Data processing InformationTechnologyAndDataProcessing $11.91M USD 2 Qtrs
Check card processing CheckCardProcessing $1.30M USD 1 Quarter
Check card processing CheckCardProcessing $2.50M USD 2 Qtrs
Check card processing CheckCardProcessing $2.67M USD 2 Qtrs
Check card processing CheckCardProcessing $1.51M USD 1 Quarter
Professional fees ProfessionalFees $2.39M USD 1 Quarter
Professional fees ProfessionalFees $5.79M USD 2 Qtrs
Professional fees ProfessionalFees $2.47M USD 1 Quarter
Professional fees ProfessionalFees $5.23M USD 2 Qtrs
Amortization of core deposit intangible AmortizationOfDeferredCharges $1.18M USD 1 Quarter
Amortization of core deposit intangible AmortizationOfDeferredCharges $2.76M USD 2 Qtrs
Amortization of core deposit intangible AmortizationOfDeferredCharges $2.39M USD 2 Qtrs
Amortization of core deposit intangible AmortizationOfDeferredCharges $1.36M USD 1 Quarter
Branch consolidation expense, net BranchConsolidationExpense $1.04M USD 2 Qtrs
Branch consolidation expense, net BranchConsolidationExpense $26.00K USD 1 Quarter
Branch consolidation expense, net BranchConsolidationExpense $948.00K USD 2 Qtrs
Branch consolidation expense, net BranchConsolidationExpense $546.00K USD 1 Quarter
Merger related expenses BusinessCombinationAcquisitionRelatedCosts $2.16M USD 2 Qtrs
Merger related expenses BusinessCombinationAcquisitionRelatedCosts $446.00K USD 1 Quarter
Merger related expenses BusinessCombinationAcquisitionRelatedCosts $827.00K USD 2 Qtrs
Merger related expenses BusinessCombinationAcquisitionRelatedCosts $196.00K USD 1 Quarter
Other operating expense OtherCostAndExpenseOperating $6.84M USD 2 Qtrs
Other operating expense OtherCostAndExpenseOperating $8.14M USD 2 Qtrs
Other operating expense OtherCostAndExpenseOperating $4.58M USD 1 Quarter
Other operating expense OtherCostAndExpenseOperating $3.48M USD 1 Quarter
Total operating expenses OperatingExpenses $116.16M USD 2 Qtrs
Total operating expenses OperatingExpenses $103.35M USD 2 Qtrs
Total operating expenses OperatingExpenses $51.67M USD 1 Quarter
Total operating expenses OperatingExpenses $58.66M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $38.42M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $40.61M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $83.98M USD 2 Qtrs
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $72.16M USD 2 Qtrs
Provision for income taxes IncomeTaxExpenseBenefit $20.73M USD 2 Qtrs
Provision for income taxes IncomeTaxExpenseBenefit $10.05M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $8.94M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $16.91M USD 2 Qtrs
Net income ProfitLoss $30.55M USD 1 Quarter
Net income ProfitLoss $29.48M USD 1 Quarter
Net income ProfitLoss $63.25M USD 2 Qtrs
Net income ProfitLoss $55.24M USD 2 Qtrs
Net income attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest $522.00K USD 1 Quarter
Net income attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Net income attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest $522.00K USD 2 Qtrs
Net income attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest - USD 2 Qtrs
Net income attributable to OceanFirst Financial Corp. NetIncomeLoss $63.25M USD 2 Qtrs
Net income attributable to OceanFirst Financial Corp. NetIncomeLoss $30.55M USD 1 Quarter
Net income attributable to OceanFirst Financial Corp. NetIncomeLoss $28.96M USD 1 Quarter
Net income attributable to OceanFirst Financial Corp. NetIncomeLoss $54.72M USD 2 Qtrs
Dividends on preferred shares PreferredStockDividendsAndOtherAdjustments $2.01M USD 2 Qtrs
Dividends on preferred shares PreferredStockDividendsAndOtherAdjustments $2.01M USD 2 Qtrs
Dividends on preferred shares PreferredStockDividendsAndOtherAdjustments $1.00M USD 1 Quarter
Dividends on preferred shares PreferredStockDividendsAndOtherAdjustments $1.00M USD 1 Quarter
Net income available to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $27.96M USD 1 Quarter
Net income available to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $52.71M USD 2 Qtrs
Net income available to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $61.24M USD 2 Qtrs
Net income available to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $29.55M USD 1 Quarter
Basic earnings per share (in dollars per share) EarningsPerShareBasic $0.90 USD 2 Qtrs
Basic earnings per share (in dollars per share) EarningsPerShareBasic $0.49 USD 1 Quarter
Basic earnings per share (in dollars per share) EarningsPerShareBasic $0.48 USD 1 Quarter
Basic earnings per share (in dollars per share) EarningsPerShareBasic $1.02 USD 2 Qtrs
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $0.49 USD 1 Quarter
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $1.02 USD 2 Qtrs
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $0.47 USD 1 Quarter
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $0.89 USD 2 Qtrs
Average basic shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 58.82M shares 2 Qtrs
Average basic shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 58.89M shares 1 Quarter
Average basic shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 59.70M shares 1 Quarter
Average basic shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 59.78M shares 2 Qtrs
Average diluted shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 58.98M shares 2 Qtrs
Average diluted shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 60.04M shares 2 Qtrs
Average diluted shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 59.97M shares 1 Quarter
Average diluted shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 58.99M shares 1 Quarter
Cash Flow Statement 180 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $30.55M USD 1 Quarter
Net income ProfitLoss $29.48M USD 1 Quarter
Net income ProfitLoss $63.25M USD 2 Qtrs
Net income ProfitLoss $55.24M USD 2 Qtrs
Depreciation and amortization of premises and equipment DepreciationDepletionAndAmortization $5.63M USD 2 Qtrs
Depreciation and amortization of premises and equipment DepreciationDepletionAndAmortization $4.07M USD 2 Qtrs
Allocation of ESOP stock EmployeeBenefitsAndShareBasedCompensation $1.25M USD 2 Qtrs
Allocation of ESOP stock EmployeeBenefitsAndShareBasedCompensation $720.00K USD 2 Qtrs
Stock compensation ShareBasedCompensation $3.40M USD 2 Qtrs
Stock compensation ShareBasedCompensation $2.73M USD 2 Qtrs
Net excess tax expense on stock compensation TaxExpenseBenefitFromSharedBasedCompensation $-93.00K USD 2 Qtrs
Net excess tax expense on stock compensation TaxExpenseBenefitFromSharedBasedCompensation $-217.00K USD 2 Qtrs
Amortization of servicing asset ServicingAssetAtAmortizedValueAmortization1 $50.00K USD 2 Qtrs
Amortization of servicing asset ServicingAssetAtAmortizedValueAmortization1 $12.00K USD 2 Qtrs
Net premium amortization in excess of discount accretion on securities AccretionAmortizationOfDiscountsAndPremiumsInvestments $-2.92M USD 2 Qtrs
Net premium amortization in excess of discount accretion on securities AccretionAmortizationOfDiscountsAndPremiumsInvestments $-3.71M USD 2 Qtrs
Net amortization of deferred costs on borrowings AmortizationOfFinancingCostsAndDiscounts $489.00K USD 2 Qtrs
Net amortization of deferred costs on borrowings AmortizationOfFinancingCostsAndDiscounts $276.00K USD 2 Qtrs
Amortization of core deposit intangible AmortizationOfDeferredCharges $1.18M USD 1 Quarter
Amortization of core deposit intangible AmortizationOfDeferredCharges $2.76M USD 2 Qtrs
Amortization of core deposit intangible AmortizationOfDeferredCharges $2.39M USD 2 Qtrs
Amortization of core deposit intangible AmortizationOfDeferredCharges $1.36M USD 1 Quarter
Net accretion of purchase accounting adjustments BusinessAcquisitionsPurchasePriceAllocationYearOfAcquisitionNetEffectOnIncome $5.38M USD 2 Qtrs
Net accretion of purchase accounting adjustments BusinessAcquisitionsPurchasePriceAllocationYearOfAcquisitionNetEffectOnIncome $6.80M USD 2 Qtrs
Net amortization of deferred costs and discounts on loans NetAccretionAmortizationOfDeferredFeesAndDiscountsOnLoans $-70.00K USD 2 Qtrs
Net amortization of deferred costs and discounts on loans NetAccretionAmortizationOfDeferredFeesAndDiscountsOnLoans $-414.00K USD 2 Qtrs
Provision (benefit) for credit losses ProvisionForLoanAndLeaseLosses $-6.46M USD 1 Quarter
Provision (benefit) for credit losses ProvisionForLoanAndLeaseLosses $-7.08M USD 2 Qtrs
Provision (benefit) for credit losses ProvisionForLoanAndLeaseLosses $3.10M USD 2 Qtrs
Provision (benefit) for credit losses ProvisionForLoanAndLeaseLosses $1.25M USD 1 Quarter
Net gain on sale of other real estate owned GainsLossesOnSalesOfOtherRealEstate - USD 2 Qtrs
Net gain on sale of other real estate owned GainsLossesOnSalesOfOtherRealEstate $54.00K USD 2 Qtrs
Net write down of fixed assets held-for-sale to net realizable value ImpairmentOfLongLivedAssetsToBeDisposedOf $1.40M USD 2 Qtrs
Net write down of fixed assets held-for-sale to net realizable value ImpairmentOfLongLivedAssetsToBeDisposedOf $552.00K USD 2 Qtrs
Net gain on sale of fixed assets GainLossOnSaleOfPropertyPlantEquipment $1.00K USD 2 Qtrs
Net gain on sale of fixed assets GainLossOnSaleOfPropertyPlantEquipment $63.00K USD 2 Qtrs
Net loss (gain) on equity securities DebtAndEquitySecuritiesGainLoss $-10.86M USD 2 Qtrs
Net loss (gain) on equity securities DebtAndEquitySecuritiesGainLoss $8.86M USD 2 Qtrs
Net gain on sales of loans GainLossOnSalesOfLoansNet $3.19M USD 2 Qtrs
Net gain on sales of loans GainLossOnSalesOfLoansNet $180.00K USD 2 Qtrs
Proceeds from sales of residential loans held for sale ProceedsFromSaleOfMortgageLoansHeldForSale $100.25M USD 2 Qtrs
Proceeds from sales of residential loans held for sale ProceedsFromSaleOfMortgageLoansHeldForSale $727.00K USD 2 Qtrs
Mortgage loans originated for sale PaymentsForOriginationOfMortgageLoansHeldForSale $703.00K USD 2 Qtrs
Mortgage loans originated for sale PaymentsForOriginationOfMortgageLoansHeldForSale $53.02M USD 2 Qtrs
Increase in value of bank owned life insurance BankOwnedLifeInsuranceIncome $1.72M USD 1 Quarter
Increase in value of bank owned life insurance BankOwnedLifeInsuranceIncome $3.52M USD 2 Qtrs
Increase in value of bank owned life insurance BankOwnedLifeInsuranceIncome $3.13M USD 2 Qtrs
Increase in value of bank owned life insurance BankOwnedLifeInsuranceIncome $1.42M USD 1 Quarter
Net gain on sale of assets held for sale GainLossOnSaleOfAssetsHeldForSale $318.00K USD 2 Qtrs
Net gain on sale of assets held for sale GainLossOnSaleOfAssetsHeldForSale $1.39M USD 2 Qtrs
(Increase) decrease in interest and dividends receivable IncreaseDecreaseInInterestAndDividendsReceivable $-7.25M USD 2 Qtrs
(Increase) decrease in interest and dividends receivable IncreaseDecreaseInInterestAndDividendsReceivable $1.58M USD 2 Qtrs
Deferred tax benefit DeferredIncomeTaxExpenseBenefit $-95.00K USD 2 Qtrs
Deferred tax benefit DeferredIncomeTaxExpenseBenefit $-47.00K USD 2 Qtrs
(Increase) decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-35.68M USD 2 Qtrs
(Increase) decrease in other assets IncreaseDecreaseInOtherOperatingAssets $55.49M USD 2 Qtrs
Increase in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $424.00K USD 2 Qtrs
Increase in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $106.08M USD 2 Qtrs
Total adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $71.05M USD 2 Qtrs
Total adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $75.55M USD 2 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $126.30M USD 2 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $138.80M USD 2 Qtrs
Net increase in loans receivable NetIncreaseDecreaseInLoanReceivable $-57.44M USD 2 Qtrs
Net increase in loans receivable NetIncreaseDecreaseInLoanReceivable $-646.43M USD 2 Qtrs
Proceeds from sale of loans ProceedsFromSaleOfHighRiskLoans $825.00K USD 2 Qtrs
Proceeds from sale of loans ProceedsFromSaleOfHighRiskLoans $12.17M USD 2 Qtrs
Purchase of residential loan pool PaymentsToAcquireLoansReceivable - USD 2 Qtrs
Purchase of residential loan pool PaymentsToAcquireLoansReceivable $161.70M USD 2 Qtrs
Premiums paid on purchased loan pool PaymentsForPremiumsOnPurchasedLoanPool - USD 2 Qtrs
Premiums paid on purchased loan pool PaymentsForPremiumsOnPurchasedLoanPool $495.00K USD 2 Qtrs
Purchase of debt securities available-for-sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $117.42M USD 2 Qtrs
Purchase of debt securities available-for-sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $63.57M USD 2 Qtrs
Purchase of debt securities held-to-maturity PaymentsToAcquireOtherHeldToMaturitySecurities $335.07M USD 2 Qtrs
Purchase of debt securities held-to-maturity PaymentsToAcquireOtherHeldToMaturitySecurities $25.20M USD 2 Qtrs
Purchase of equity investments PaymentsToAcquireEquityMethodInvestments $3.30M USD 2 Qtrs
Purchase of equity investments PaymentsToAcquireEquityMethodInvestments $72.41M USD 2 Qtrs
Proceeds from maturities and calls of debt securities available-for-sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $63.75M USD 2 Qtrs
Proceeds from maturities and calls of debt securities available-for-sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $60.85M USD 2 Qtrs
Proceeds from maturities and calls of debt securities held-to-maturity ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities $12.47M USD 2 Qtrs
Proceeds from maturities and calls of debt securities held-to-maturity ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities $17.70M USD 2 Qtrs
Proceeds from sales of debt securities available-for-sale ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $25.26M USD 2 Qtrs
Proceeds from sales of debt securities available-for-sale ProceedsFromSaleOfAvailableForSaleSecuritiesDebt - USD 2 Qtrs
Proceeds from sale of equity investments ProceedsFromSaleOfEquityMethodInvestments $98.78M USD 2 Qtrs
Proceeds from sale of equity investments ProceedsFromSaleOfEquityMethodInvestments $17.73M USD 2 Qtrs
Principal repayments on debt securities available-for-sale ProceedsfromMaturitiesRepaymentsandCallsofDebtSecuritiesFVNIAvailableforsale $85.00K USD 2 Qtrs
Principal repayments on debt securities available-for-sale ProceedsfromMaturitiesRepaymentsandCallsofDebtSecuritiesFVNIAvailableforsale - USD 2 Qtrs
Principal repayments on debt securities held-to-maturity PrincipalRepaymentsOnDebtInvestmentSecuritiesHeldToMaturity $77.51M USD 2 Qtrs
Principal repayments on debt securities held-to-maturity PrincipalRepaymentsOnDebtInvestmentSecuritiesHeldToMaturity $111.92M USD 2 Qtrs
Proceeds from bank owned life insurance ProceedsFromLifeInsurancePolicies $2.50M USD 2 Qtrs
Proceeds from bank owned life insurance ProceedsFromLifeInsurancePolicies $8.78M USD 2 Qtrs
Proceeds from the redemption of restricted equity investments ProceedsFromSaleOfFederalHomeLoanBankStock $109.54M USD 2 Qtrs
Proceeds from the redemption of restricted equity investments ProceedsFromSaleOfFederalHomeLoanBankStock $826.00K USD 2 Qtrs
Purchases of restricted equity investments PaymentsToAcquireFederalHomeLoanBankStock $132.40M USD 2 Qtrs
Purchases of restricted equity investments PaymentsToAcquireFederalHomeLoanBankStock $1.29M USD 2 Qtrs
Proceeds from sale of other real estate owned ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans $160.00K USD 2 Qtrs
Proceeds from sale of other real estate owned ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans - USD 2 Qtrs
Proceeds from sales of assets held-for-sale ProceedsFromSaleOfPropertyHeldForSale $6.10M USD 2 Qtrs
Proceeds from sales of assets held-for-sale ProceedsFromSaleOfPropertyHeldForSale $2.60M USD 2 Qtrs
Purchases of premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $11.74M USD 2 Qtrs
Purchases of premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $15.25M USD 2 Qtrs
Net cash consideration received for acquisition CashAcquiredFromAcquisition $38.61M USD 2 Qtrs
Net cash consideration received for acquisition CashAcquiredFromAcquisition - USD 2 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-301.75M USD 2 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-673.80M USD 2 Qtrs
Increase (decrease) in deposits IncreaseDecreaseInDeposits $99.07M USD 2 Qtrs
Increase (decrease) in deposits IncreaseDecreaseInDeposits $-11.45M USD 2 Qtrs
(Decrease) increase in short-term borrowings ProceedsFromRepaymentsOfShortTermDebt $-13.27M USD 2 Qtrs
(Decrease) increase in short-term borrowings ProceedsFromRepaymentsOfShortTermDebt $13.02M USD 2 Qtrs
Net proceeds from FHLB advances ProceedsFromFederalHomeLoanBankBorrowings - USD 2 Qtrs
Net proceeds from FHLB advances ProceedsFromFederalHomeLoanBankBorrowings $488.75M USD 2 Qtrs
Repayments of other borrowings RepaymentsOfOtherDebt $7.56M USD 2 Qtrs
Repayments of other borrowings RepaymentsOfOtherDebt $35.05M USD 2 Qtrs
Increase in advances by borrowers for taxes and insurance IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance $3.33M USD 2 Qtrs
Increase in advances by borrowers for taxes and insurance IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance $3.98M USD 2 Qtrs
Exercise of stock options ProceedsFromStockOptionsExercised $1.83M USD 2 Qtrs
Exercise of stock options ProceedsFromStockOptionsExercised $251.00K USD 2 Qtrs
Payment of employee taxes withheld from stock awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.18M USD 2 Qtrs
Payment of employee taxes withheld from stock awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.47M USD 2 Qtrs
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $7.40M USD 2 Qtrs
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $20.94M USD 2 Qtrs
Dividends paid PaymentsOfDividendsCommonStock $22.02M USD 2 Qtrs
Dividends paid PaymentsOfDividendsCommonStock $22.33M USD 2 Qtrs
Distributions to non-controlling interest PaymentsToMinorityShareholders - USD 2 Qtrs
Distributions to non-controlling interest PaymentsToMinorityShareholders $406.00K USD 2 Qtrs
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $511.78M USD 2 Qtrs
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-44.62M USD 2 Qtrs
Net decrease in cash and due from banks and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-207.57M USD 2 Qtrs
Net decrease in cash and due from banks and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-35.73M USD 2 Qtrs
Cash and due from banks and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.11B USD Point-in-time
Cash and due from banks and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $189.06M USD Point-in-time
Cash and due from banks and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.32B USD Point-in-time
Cash and due from banks and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $224.78M USD Point-in-time
Cash and due from banks at beginning of period CashAndDueFromBanks $204.95M USD Point-in-time
Cash and due from banks at beginning of period CashAndDueFromBanks $1.08B USD Point-in-time
Cash and due from banks at beginning of period CashAndDueFromBanks $1.27B USD Point-in-time
Cash and due from banks at beginning of period CashAndDueFromBanks $189.02M USD Point-in-time
Restricted cash at beginning of period RestrictedCash $27.06M USD Point-in-time
Restricted cash at beginning of period RestrictedCash $40.00K USD Point-in-time
Restricted cash at beginning of period RestrictedCash $19.84M USD Point-in-time
Restricted cash at beginning of period RestrictedCash $46.53M USD Point-in-time
Cash and due from banks at end of period CashAndDueFromBanks $204.95M USD Point-in-time
Cash and due from banks at end of period CashAndDueFromBanks $1.08B USD Point-in-time
Cash and due from banks at end of period CashAndDueFromBanks $1.27B USD Point-in-time
Cash and due from banks at end of period CashAndDueFromBanks $189.02M USD Point-in-time
Restricted cash at end of period RestrictedCash $27.06M USD Point-in-time
Restricted cash at end of period RestrictedCash $40.00K USD Point-in-time
Restricted cash at end of period RestrictedCash $19.84M USD Point-in-time
Restricted cash at end of period RestrictedCash $46.53M USD Point-in-time
Cash and due from banks and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.11B USD Point-in-time
Cash and due from banks and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $189.06M USD Point-in-time
Cash and due from banks and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.32B USD Point-in-time
Cash and due from banks and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $224.78M USD Point-in-time
Interest InterestPaidNet $15.06M USD 2 Qtrs
Interest InterestPaidNet $20.94M USD 2 Qtrs
Income taxes IncomeTaxesPaid $25.70M USD 2 Qtrs
Income taxes IncomeTaxesPaid $3.63M USD 2 Qtrs
Accretion of unrealized loss on securities reclassified to held-to-maturity AccretionOfUnrealizedLossOnSecuritiesReclassifiedToHeldToMaturity $351.00K USD 2 Qtrs
Accretion of unrealized loss on securities reclassified to held-to-maturity AccretionOfUnrealizedLossOnSecuritiesReclassifiedToHeldToMaturity $304.00K USD 2 Qtrs
Net loan recoveries NetLoansRecoveries $83.00K USD 2 Qtrs
Net loan recoveries NetLoansRecoveries $56.00K USD 2 Qtrs
Transfer of loans receivable to loans held-for-sale FinancingReceivableReclassificationToHeldForSale $12.01M USD 2 Qtrs
Transfer of loans receivable to loans held-for-sale FinancingReceivableReclassificationToHeldForSale - USD 2 Qtrs
Transfer of premises and equipment to assets held-for-sale TransferOfPremisesandEquipmenttoAssetsHeldforSale $2.78M USD 2 Qtrs
Transfer of premises and equipment to assets held-for-sale TransferOfPremisesandEquipmenttoAssetsHeldforSale $533.00K USD 2 Qtrs
Other current assets NoncashOrPartNoncashAcquisitionOtherCurrentAssetsAcquired $238.00K USD 2 Qtrs
Other current assets NoncashOrPartNoncashAcquisitionOtherCurrentAssetsAcquired - USD 2 Qtrs
Premises and equipment NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 - USD 2 Qtrs
Premises and equipment NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 $18.00K USD 2 Qtrs
Right of use (ROU) asset NoncashOrPartNoncashAcquisitionRightOfUseAssetsAcquired $779.00K USD 2 Qtrs
Right of use (ROU) asset NoncashOrPartNoncashAcquisitionRightOfUseAssetsAcquired - USD 2 Qtrs
Other assets NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1 - USD 2 Qtrs
Other assets NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1 $81.00K USD 2 Qtrs
Total non-cash assets acquired NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1 - USD 2 Qtrs
Total non-cash assets acquired NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1 $1.12M USD 2 Qtrs
Lease liability NoncashOrPartNoncashAcquisitionLeaseLiabilityAssumed - USD 2 Qtrs
Lease liability NoncashOrPartNoncashAcquisitionLeaseLiabilityAssumed $779.00K USD 2 Qtrs
Other liabilities NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1 $43.94M USD 2 Qtrs
Other liabilities NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1 - USD 2 Qtrs
Total liabilities assumed NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1 $44.72M USD 2 Qtrs
Total liabilities assumed NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1 - USD 2 Qtrs
Stockholders Equity 60 line items
Line Item Tag Value Unit Period
Cash dividend per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.17 USD 1 Quarter
Cash dividend per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.34 USD 2 Qtrs
Cash dividend per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.34 USD 2 Qtrs
Cash dividend per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.17 USD 1 Quarter
Purchase of common stock (in shares) TreasuryStockSharesAcquired 272,779.00 shares 1 Quarter
Purchase of common stock (in shares) TreasuryStockSharesAcquired 373,223.00 shares 2 Qtrs
Purchase of common stock (in shares) TreasuryStockSharesAcquired 500,000.00 shares 1 Quarter
Purchase of common stock (in shares) TreasuryStockSharesAcquired 1.00M shares 2 Qtrs
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.52B USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.48B USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.50B USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.52B USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.51B USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.52B USD Point-in-time
Net income ProfitLoss $30.55M USD 1 Quarter
Net income ProfitLoss $29.48M USD 1 Quarter
Net income ProfitLoss $63.25M USD 2 Qtrs
Net income ProfitLoss $55.24M USD 2 Qtrs
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-26.27M USD 2 Qtrs
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-286.00K USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-595.00K USD 2 Qtrs
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-13.92M USD 1 Quarter
Stock compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.49M USD 1 Quarter
Stock compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.85M USD 1 Quarter
Stock compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $3.40M USD 2 Qtrs
Stock compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $2.73M USD 2 Qtrs
Allocation of ESOP stock AmortizationOfESOPAward $720.00K USD 2 Qtrs
Allocation of ESOP stock AmortizationOfESOPAward $576.00K USD 1 Quarter
Allocation of ESOP stock AmortizationOfESOPAward $1.25M USD 2 Qtrs
Allocation of ESOP stock AmortizationOfESOPAward $368.00K USD 1 Quarter
Cash dividend DividendsCommonStockCash $20.32M USD 2 Qtrs
Cash dividend DividendsCommonStockCash $10.02M USD 1 Quarter
Cash dividend DividendsCommonStockCash $10.17M USD 1 Quarter
Cash dividend DividendsCommonStockCash $20.02M USD 2 Qtrs
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $1.83M USD 2 Qtrs
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $251.00K USD 2 Qtrs
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $-38.00K USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $66.00K USD 1 Quarter
Repurchased shares of common stock StockRepurchasedDuringPeriodValue $5.25M USD 1 Quarter
Repurchased shares of common stock StockRepurchasedDuringPeriodValue $7.40M USD 2 Qtrs
Repurchased shares of common stock StockRepurchasedDuringPeriodValue $10.95M USD 1 Quarter
Repurchased shares of common stock StockRepurchasedDuringPeriodValue $20.94M USD 2 Qtrs
Preferred stock dividend DividendsPreferredStock $2.01M USD 2 Qtrs
Preferred stock dividend DividendsPreferredStock $2.01M USD 2 Qtrs
Preferred stock dividend DividendsPreferredStock $1.00M USD 1 Quarter
Preferred stock dividend DividendsPreferredStock $1.00M USD 1 Quarter
Acquisition of Trident Abstract Title Agency, LLC (Trident) StockIssuedDuringPeriodValueAcquisitions $836.00K USD 2 Qtrs
Acquisition of Trident Abstract Title Agency, LLC (Trident) StockIssuedDuringPeriodValueAcquisitions $836.00K USD 1 Quarter
Distributions to non-controlling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $406.00K USD 1 Quarter
Distributions to non-controlling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $406.00K USD 2 Qtrs
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.52B USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.48B USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.50B USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.52B USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.51B USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.52B USD Point-in-time
Purchase of common stock (in shares) TreasuryStockSharesAcquired 272,779.00 shares 1 Quarter
Purchase of common stock (in shares) TreasuryStockSharesAcquired 373,223.00 shares 2 Qtrs
Purchase of common stock (in shares) TreasuryStockSharesAcquired 500,000.00 shares 1 Quarter
Purchase of common stock (in shares) TreasuryStockSharesAcquired 1.00M shares 2 Qtrs
Comprehensive Income 50 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $30.55M USD 1 Quarter
Unrealized holding gain (loss), before adjustment, tax benefit OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-102.00K USD 1 Quarter
Unrealized holding gain (loss), before adjustment, tax benefit OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-4.46M USD 1 Quarter
Net income ProfitLoss $29.48M USD 1 Quarter
Unrealized holding gain (loss), before adjustment, tax benefit OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-214.00K USD 2 Qtrs
Net income ProfitLoss $63.25M USD 2 Qtrs
Unrealized holding gain (loss), before adjustment, tax benefit OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-8.39M USD 2 Qtrs
Net income ProfitLoss $55.24M USD 2 Qtrs
Accretion of unrealized loss on debt securities, tax expense OtherComprehensiveIncomeAccretionOfFairValueAdjustmentOnHeldToMaturitySecuritiesTax $61.00K USD 1 Quarter
Accretion of unrealized loss on debt securities, tax expense OtherComprehensiveIncomeAccretionOfFairValueAdjustmentOnHeldToMaturitySecuritiesTax $126.00K USD 2 Qtrs
Accretion of unrealized loss on debt securities, tax expense OtherComprehensiveIncomeAccretionOfFairValueAdjustmentOnHeldToMaturitySecuritiesTax $70.00K USD 1 Quarter
Accretion of unrealized loss on debt securities, tax expense OtherComprehensiveIncomeAccretionOfFairValueAdjustmentOnHeldToMaturitySecuritiesTax $143.00K USD 2 Qtrs
Net unrealized loss on debt securities (net of tax benefit of $4,460 and $8,388 in 2022 and tax benefit of $102 and $214 in 2021, respectively) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-803.00K USD 2 Qtrs
Net unrealized loss on debt securities (net of tax benefit of $4,460 and $8,388 in 2022 and tax benefit of $102 and $214 in 2021, respectively) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-387.00K USD 1 Quarter
Reclassification adjustment from AOCI for sale of securities, tax expense (benefit) OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax $-26.00K USD 2 Qtrs
Net unrealized loss on debt securities (net of tax benefit of $4,460 and $8,388 in 2022 and tax benefit of $102 and $214 in 2021, respectively) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-14.00M USD 1 Quarter
Net unrealized loss on debt securities (net of tax benefit of $4,460 and $8,388 in 2022 and tax benefit of $102 and $214 in 2021, respectively) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-26.37M USD 2 Qtrs
Reclassification adjustment from AOCI for sale of securities, tax expense (benefit) OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax $-5.00K USD 1 Quarter
Accretion of unrealized loss on debt securities reclassified to held-to-maturity (net of tax expense of $61 and $126 in 2022 and tax expense of $70 and $143 in 2021) OtherComprehensiveIncomeLossTransfersFromHeldToMaturityToAvailableForSaleSecuritiesNetOfTax $89.00K USD 1 Quarter
Accretion of unrealized loss on debt securities reclassified to held-to-maturity (net of tax expense of $61 and $126 in 2022 and tax expense of $70 and $143 in 2021) OtherComprehensiveIncomeLossTransfersFromHeldToMaturityToAvailableForSaleSecuritiesNetOfTax $101.00K USD 1 Quarter
Accretion of unrealized loss on debt securities reclassified to held-to-maturity (net of tax expense of $61 and $126 in 2022 and tax expense of $70 and $143 in 2021) OtherComprehensiveIncomeLossTransfersFromHeldToMaturityToAvailableForSaleSecuritiesNetOfTax $208.00K USD 2 Qtrs
Accretion of unrealized loss on debt securities reclassified to held-to-maturity (net of tax expense of $61 and $126 in 2022 and tax expense of $70 and $143 in 2021) OtherComprehensiveIncomeLossTransfersFromHeldToMaturityToAvailableForSaleSecuritiesNetOfTax $178.00K USD 2 Qtrs
Reclassification adjustment for gains included in net income (net of tax benefit of $5 and $26 in 2022) OciDebtSecuritiesAvailableForSaleTransferToHeldToMaturityAdjustmentFromAociForAmortizationOfGainLossAfterTax $16.00K USD 1 Quarter
Reclassification adjustment for gains included in net income (net of tax benefit of $5 and $26 in 2022) OciDebtSecuritiesAvailableForSaleTransferToHeldToMaturityAdjustmentFromAociForAmortizationOfGainLossAfterTax - USD 2 Qtrs
Reclassification adjustment for gains included in net income (net of tax benefit of $5 and $26 in 2022) OciDebtSecuritiesAvailableForSaleTransferToHeldToMaturityAdjustmentFromAociForAmortizationOfGainLossAfterTax $82.00K USD 2 Qtrs
Reclassification adjustment for gains included in net income (net of tax benefit of $5 and $26 in 2022) OciDebtSecuritiesAvailableForSaleTransferToHeldToMaturityAdjustmentFromAociForAmortizationOfGainLossAfterTax - USD 1 Quarter
Total other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-13.92M USD 1 Quarter
Total other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-595.00K USD 2 Qtrs
Total other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-286.00K USD 1 Quarter
Total other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-26.27M USD 2 Qtrs
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $28.97M USD 2 Qtrs
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $15.56M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $30.27M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $62.66M USD 2 Qtrs
Less: comprehensive income attributable to non-controlling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest - USD 1 Quarter
Less: comprehensive income attributable to non-controlling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $522.00K USD 1 Quarter
Less: comprehensive income attributable to non-controlling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $522.00K USD 2 Qtrs
Less: comprehensive income attributable to non-controlling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest - USD 2 Qtrs
Comprehensive income attributable to OceanFirst Financial Corp. ComprehensiveIncomeNetOfTax $28.45M USD 2 Qtrs
Comprehensive income attributable to OceanFirst Financial Corp. ComprehensiveIncomeNetOfTax $30.27M USD 1 Quarter
Comprehensive income attributable to OceanFirst Financial Corp. ComprehensiveIncomeNetOfTax $15.04M USD 1 Quarter
Comprehensive income attributable to OceanFirst Financial Corp. ComprehensiveIncomeNetOfTax $62.66M USD 2 Qtrs
Less: Dividends on preferred shares PreferredStockDividendsAndOtherAdjustments $2.01M USD 2 Qtrs
Less: Dividends on preferred shares PreferredStockDividendsAndOtherAdjustments $2.01M USD 2 Qtrs
Less: Dividends on preferred shares PreferredStockDividendsAndOtherAdjustments $1.00M USD 1 Quarter
Less: Dividends on preferred shares PreferredStockDividendsAndOtherAdjustments $1.00M USD 1 Quarter
Comprehensive income available to common stockholders ComprehensiveIncomeLossAvailableForCommonStockholders $29.27M USD 1 Quarter
Comprehensive income available to common stockholders ComprehensiveIncomeLossAvailableForCommonStockholders $26.44M USD 2 Qtrs
Comprehensive income available to common stockholders ComprehensiveIncomeLossAvailableForCommonStockholders $14.03M USD 1 Quarter
Comprehensive income available to common stockholders ComprehensiveIncomeLossAvailableForCommonStockholders $60.65M USD 2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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