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10-Q Filing

OCEANFIRST FINANCIAL CORP CIK: 1004702 Q3 2022
Filing Information
Form Type 10-Q
Accession Number 0001004702-22-000123
Period End Date 20220930
Filing Date 20221109
Fiscal Year 2022
Fiscal Period Q3
XBRL Instance ocfc-20220930_htm.xml
Balance Sheet 106 line items
Line Item Tag Value Unit Period
Allowance for credit losses DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest $1.29M USD Point-in-time
Allowance for credit losses DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest $1.23M USD Point-in-time
Allowance for credit losses DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest $1.50M USD Point-in-time
Allowance for credit losses DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest $1.72M USD Point-in-time
Allowance for credit losses DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest $1.47M USD Point-in-time
Allowance for credit losses DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest $1.61M USD Point-in-time
Securities held-to-maturity, fair value HeldToMaturitySecuritiesFairValue $905.43M USD Point-in-time
Cash and due from banks CashAndDueFromBanks $981.13M USD Point-in-time
Cash and due from banks CashAndDueFromBanks $204.95M USD Point-in-time
Cash and due from banks CashAndDueFromBanks $170.67M USD Point-in-time
Cash and due from banks CashAndDueFromBanks $1.27B USD Point-in-time
Securities held-to-maturity, fair value HeldToMaturitySecuritiesFairValue $1.15B 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 $60.73M USD Point-in-time
Allowance for loan credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $53.88M USD Point-in-time
Allowance for loan credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $48.85M USD Point-in-time
Allowance for loan credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $53.52M USD Point-in-time
Allowance for loan credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $50.15M USD Point-in-time
Allowance for loan credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $52.06M USD Point-in-time
Debt securities available-for-sale, at estimated fair value DebtSecuritiesAvailableForSaleExcludingAccruedInterest $470.30M 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 $1,234 at September 30, 2022 and $1,467 at December 31, 2021 (estimated fair value of $905,426 at September 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 $1,234 at September 30, 2022 and $1,467 at December 31, 2021 (estimated fair value of $905,426 at September 30, 2022 and $1,152,744 at December 31, 2021) DebtSecuritiesHeldToMaturityExcludingAccruedInterestAfterAllowanceForCreditLoss $1.03B 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 $81.72M 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
Restricted equity investments, at cost FederalHomeLoanBankStock $77.56M USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 5.00M shares 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 $53,521 at September 30, 2022 and $48,850 at December 31, 2021 FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss $9.67B USD Point-in-time
Loans receivable, net of allowance for loan credit losses of $53,521 at September 30, 2022 and $48,850 at December 31, 2021 FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss $8.58B USD Point-in-time
Preferred stock, shares issued (in shares) PreferredStockSharesIssued 57,370.00 shares Point-in-time
Loans held-for-sale MortgagesHeldforsaleCarryingValue $3.55M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Loans held-for-sale MortgagesHeldforsaleCarryingValue - USD Point-in-time
Interest and dividends receivable InterestReceivable $38.39M USD Point-in-time
Interest and dividends receivable InterestReceivable $32.61M USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 150.00M shares 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 issued (in shares) CommonStockSharesIssued 61.87M 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 outstanding (in shares) CommonStockSharesOutstanding 59.18M shares Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization $125.83M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 59.14M shares Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization $127.87M USD Point-in-time
Bank owned life insurance BankOwnedLifeInsurance $259.21M USD Point-in-time
Bank owned life insurance BankOwnedLifeInsurance $261.12M USD Point-in-time
Treasury stock, shares (in shares) TreasuryStockCommonShares 2.73M shares Point-in-time
Treasury stock, shares (in shares) TreasuryStockCommonShares 2.36M shares Point-in-time
Assets held for sale AssetsHeldForSaleNotPartOfDisposalGroup $6.23M USD Point-in-time
Assets held for sale AssetsHeldForSaleNotPartOfDisposalGroup $3.22M USD Point-in-time
Goodwill Goodwill $506.15M USD Point-in-time
Goodwill Goodwill $500.32M USD Point-in-time
Core deposit intangible IntangibleAssetsNetExcludingGoodwill $14.66M 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 $228.07M USD Point-in-time
Total assets Assets $12.68B USD Point-in-time
Total assets Assets $11.74B USD Point-in-time
Deposits Deposits $9.73B USD Point-in-time
Deposits Deposits $9.96B USD Point-in-time
Federal Home Loan Bank (FHLB) advances AdvancesFromFederalHomeLoanBanks $514.20M USD Point-in-time
Federal Home Loan Bank (FHLB) advances AdvancesFromFederalHomeLoanBanks - USD Point-in-time
Securities sold under agreements to repurchase with customers SecuritiesSoldUnderAgreementsToRepurchase $118.77M USD Point-in-time
Securities sold under agreements to repurchase with customers SecuritiesSoldUnderAgreementsToRepurchase $96.29M USD Point-in-time
Other borrowings OtherBorrowings $229.14M USD Point-in-time
Other borrowings OtherBorrowings $194.91M USD Point-in-time
Advances by borrowers for taxes and insurance AdvancePaymentsByBorrowersForTaxesAndInsurance $25.46M USD Point-in-time
Advances by borrowers for taxes and insurance AdvancePaymentsByBorrowersForTaxesAndInsurance $20.30M USD Point-in-time
Other liabilities OtherLiabilities $122.03M USD Point-in-time
Other liabilities OtherLiabilities $352.91M USD Point-in-time
Total liabilities Liabilities $10.22B USD Point-in-time
Total liabilities Liabilities $11.14B 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 September 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 September 30, 2022 and December 31, 2021 PreferredStockValue $1.00K USD Point-in-time
Common stock, $0.01 par value, 150,000,000 shares authorized, 61,872,065 and 61,535,381 shares issued at September 30, 2022 and December 31, 2021, respectively; and 59,138,507 and 59,175,046 shares outstanding at September 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, 61,872,065 and 61,535,381 shares issued at September 30, 2022 and December 31, 2021, respectively; and 59,138,507 and 59,175,046 shares outstanding at September 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 $499.97M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-2.82M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-38.50M USD Point-in-time
Less: Unallocated common stock held by Employee Stock Ownership Plan ("ESOP") CommonStockIssuedEmployeeTrustDeferred $8.62M USD Point-in-time
Less: Unallocated common stock held by Employee Stock Ownership Plan ("ESOP") CommonStockIssuedEmployeeTrustDeferred $6.80M USD Point-in-time
Treasury stock, 2,733,558 and 2,360,335 shares at September 30, 2022 and December 31, 2021, respectively TreasuryStockCommonValue $69.11M USD Point-in-time
Treasury stock, 2,733,558 and 2,360,335 shares at September 30, 2022 and December 31, 2021, respectively TreasuryStockCommonValue $61.71M USD Point-in-time
OceanFirst Financial Corp. stockholders equity StockholdersEquity $1.52B USD Point-in-time
OceanFirst Financial Corp. stockholders equity StockholdersEquity $1.54B USD Point-in-time
Non-controlling interest MinorityInterest - USD Point-in-time
Non-controlling interest MinorityInterest $963.00K 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 $1.54B USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.51B USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.48B USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.52B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $12.68B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $11.74B USD Point-in-time
Income Statement 172 line items
Line Item Tag Value Unit Period
Loans InterestAndFeeIncomeLoansAndLeases $78.89M USD 1 Quarter
Loans InterestAndFeeIncomeLoansAndLeases $100.14M USD 1 Quarter
Loans InterestAndFeeIncomeLoansAndLeases $273.34M USD 3 Qtrs
Loans InterestAndFeeIncomeLoansAndLeases $233.84M USD 3 Qtrs
Debt securities InterestIncomeDebtSecuritiesOperating $8.48M USD 1 Quarter
Debt securities InterestIncomeDebtSecuritiesOperating $5.04M USD 1 Quarter
Debt securities InterestIncomeDebtSecuritiesOperating $23.46M USD 3 Qtrs
Debt securities InterestIncomeDebtSecuritiesOperating $16.38M USD 3 Qtrs
Equity investments and other InterestAndDividendIncomeSecuritiesOther $4.10M USD 3 Qtrs
Equity investments and other InterestAndDividendIncomeSecuritiesOther $1.49M USD 1 Quarter
Equity investments and other InterestAndDividendIncomeSecuritiesOther $3.41M USD 3 Qtrs
Equity investments and other InterestAndDividendIncomeSecuritiesOther $1.88M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $253.63M USD 3 Qtrs
Total interest income InterestAndDividendIncomeOperating $300.90M USD 3 Qtrs
Total interest income InterestAndDividendIncomeOperating $85.42M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $110.50M USD 1 Quarter
Deposits InterestExpenseDeposits $9.24M USD 1 Quarter
Deposits InterestExpenseDeposits $5.38M USD 1 Quarter
Deposits InterestExpenseDeposits $20.20M USD 3 Qtrs
Deposits InterestExpenseDeposits $17.60M USD 3 Qtrs
Borrowed funds InterestExpenseBorrowings $12.31M USD 3 Qtrs
Borrowed funds InterestExpenseBorrowings $2.91M USD 1 Quarter
Borrowed funds InterestExpenseBorrowings $8.68M USD 3 Qtrs
Borrowed funds InterestExpenseBorrowings $5.30M USD 1 Quarter
Total interest expense InterestExpense $28.88M USD 3 Qtrs
Total interest expense InterestExpense $14.53M USD 1 Quarter
Total interest expense InterestExpense $29.91M USD 3 Qtrs
Total interest expense InterestExpense $8.29M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $95.97M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $224.75M USD 3 Qtrs
Net interest income InterestIncomeExpenseNet $77.13M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $270.99M USD 3 Qtrs
Credit loss expense (benefit) ProvisionForLoanAndLeaseLosses $4.12M USD 3 Qtrs
Credit loss expense (benefit) ProvisionForLoanAndLeaseLosses $-10.26M USD 3 Qtrs
Credit loss expense (benefit) ProvisionForLoanAndLeaseLosses $-3.18M USD 1 Quarter
Credit loss expense (benefit) ProvisionForLoanAndLeaseLosses $1.02M USD 1 Quarter
Net interest income after credit loss expense (benefit) InterestIncomeExpenseAfterProvisionForLoanLoss $235.01M USD 3 Qtrs
Net interest income after credit loss expense (benefit) InterestIncomeExpenseAfterProvisionForLoanLoss $94.95M USD 1 Quarter
Net interest income after credit loss expense (benefit) InterestIncomeExpenseAfterProvisionForLoanLoss $266.87M USD 3 Qtrs
Net interest income after credit loss expense (benefit) InterestIncomeExpenseAfterProvisionForLoanLoss $80.31M USD 1 Quarter
Bankcard services revenue CreditAndDebitCardRevenue $10.05M USD 3 Qtrs
Bankcard services revenue CreditAndDebitCardRevenue $1.51M USD 1 Quarter
Bankcard services revenue CreditAndDebitCardRevenue $3.41M USD 1 Quarter
Bankcard services revenue CreditAndDebitCardRevenue $7.78M USD 3 Qtrs
Net gain (loss) on sales of loans GainLossOnSaleOfMortgageLoans $168.00K USD 1 Quarter
Net gain (loss) on sales of loans GainLossOnSaleOfMortgageLoans $348.00K USD 3 Qtrs
Net gain (loss) on sales of loans GainLossOnSaleOfMortgageLoans $-15.00K USD 1 Quarter
Net gain (loss) on sales of loans GainLossOnSaleOfMortgageLoans $3.18M USD 3 Qtrs
Net gain (loss) on equity investments DebtSecuritiesAvailableForSaleGainLoss $-466.00K USD 1 Quarter
Net gain (loss) on equity investments DebtSecuritiesAvailableForSaleGainLoss $8.40M USD 3 Qtrs
Net gain (loss) on equity investments DebtSecuritiesAvailableForSaleGainLoss $3.36M USD 1 Quarter
Net gain (loss) on equity investments DebtSecuritiesAvailableForSaleGainLoss $-7.50M USD 3 Qtrs
Net gain (loss) from other real estate operations ProfitLossFromRealEstateOperations $48.00K USD 3 Qtrs
Net gain (loss) from other real estate operations ProfitLossFromRealEstateOperations $-12.00K USD 3 Qtrs
Net gain (loss) from other real estate operations ProfitLossFromRealEstateOperations $-3.00K USD 1 Quarter
Net gain (loss) from other real estate operations ProfitLossFromRealEstateOperations - USD 1 Quarter
Income from bank owned life insurance BankOwnedLifeInsuranceIncome $1.36M USD 1 Quarter
Income from bank owned life insurance BankOwnedLifeInsuranceIncome $4.88M USD 3 Qtrs
Income from bank owned life insurance BankOwnedLifeInsuranceIncome $4.77M USD 3 Qtrs
Income from bank owned life insurance BankOwnedLifeInsuranceIncome $1.64M USD 1 Quarter
Commercial loan swap income GainLossOnOilAndGasHedgingActivity $1.47M USD 1 Quarter
Commercial loan swap income GainLossOnOilAndGasHedgingActivity $6.55M USD 3 Qtrs
Commercial loan swap income GainLossOnOilAndGasHedgingActivity $2.77M USD 3 Qtrs
Commercial loan swap income GainLossOnOilAndGasHedgingActivity $1.59M USD 1 Quarter
Other NoninterestIncomeOtherOperatingIncome $396.00K USD 1 Quarter
Other NoninterestIncomeOtherOperatingIncome $173.00K USD 1 Quarter
Other NoninterestIncomeOtherOperatingIncome $1.07M USD 3 Qtrs
Other NoninterestIncomeOtherOperatingIncome $579.00K USD 3 Qtrs
Total other income NoninterestIncome $15.15M USD 1 Quarter
Total other income NoninterestIncome $31.54M USD 3 Qtrs
Total other income NoninterestIncome $9.88M USD 1 Quarter
Total other income NoninterestIncome $42.52M USD 3 Qtrs
Compensation and employee benefits LaborAndRelatedExpense $30.73M USD 1 Quarter
Compensation and employee benefits LaborAndRelatedExpense $34.12M USD 1 Quarter
Compensation and employee benefits LaborAndRelatedExpense $89.01M USD 3 Qtrs
Compensation and employee benefits LaborAndRelatedExpense $97.97M USD 3 Qtrs
Occupancy OccupancyNet $5.29M USD 1 Quarter
Occupancy OccupancyNet $15.38M USD 3 Qtrs
Occupancy OccupancyNet $5.00M USD 1 Quarter
Occupancy OccupancyNet $15.79M USD 3 Qtrs
Equipment EquipmentExpense $4.01M USD 3 Qtrs
Equipment EquipmentExpense $1.15M USD 1 Quarter
Equipment EquipmentExpense $3.86M USD 3 Qtrs
Equipment EquipmentExpense $1.12M USD 1 Quarter
Marketing MarketingExpense $655.00K USD 1 Quarter
Marketing MarketingExpense $1.55M USD 3 Qtrs
Marketing MarketingExpense $496.00K USD 1 Quarter
Marketing MarketingExpense $2.24M USD 3 Qtrs
Federal deposit insurance and regulatory assessments FederalDepositInsuranceCorporationPremiumExpense $5.43M USD 3 Qtrs
Federal deposit insurance and regulatory assessments FederalDepositInsuranceCorporationPremiumExpense $4.42M USD 3 Qtrs
Federal deposit insurance and regulatory assessments FederalDepositInsuranceCorporationPremiumExpense $1.46M USD 1 Quarter
Federal deposit insurance and regulatory assessments FederalDepositInsuranceCorporationPremiumExpense $1.76M USD 1 Quarter
Data processing InformationTechnologyAndDataProcessing $6.56M USD 1 Quarter
Data processing InformationTechnologyAndDataProcessing $18.47M USD 3 Qtrs
Data processing InformationTechnologyAndDataProcessing $13.80M USD 3 Qtrs
Data processing InformationTechnologyAndDataProcessing $5.36M USD 1 Quarter
Check card processing CheckCardProcessing $1.34M USD 1 Quarter
Check card processing CheckCardProcessing $3.73M USD 3 Qtrs
Check card processing CheckCardProcessing $4.01M USD 3 Qtrs
Check card processing CheckCardProcessing $1.23M USD 1 Quarter
Professional fees ProfessionalFees $8.30M USD 3 Qtrs
Professional fees ProfessionalFees $8.32M USD 3 Qtrs
Professional fees ProfessionalFees $3.09M USD 1 Quarter
Professional fees ProfessionalFees $2.50M USD 1 Quarter
Amortization of core deposit intangible AmortizationOfDeferredCharges $1.17M USD 1 Quarter
Amortization of core deposit intangible AmortizationOfDeferredCharges $3.56M USD 3 Qtrs
Amortization of core deposit intangible AmortizationOfDeferredCharges $1.35M USD 1 Quarter
Amortization of core deposit intangible AmortizationOfDeferredCharges $4.11M USD 3 Qtrs
Branch consolidation (benefit) expense, net BranchConsolidationExpenseBenefit $5.05M USD 3 Qtrs
Branch consolidation (benefit) expense, net BranchConsolidationExpenseBenefit $4.01M USD 1 Quarter
Branch consolidation (benefit) expense, net BranchConsolidationExpenseBenefit $602.00K USD 3 Qtrs
Branch consolidation (benefit) expense, net BranchConsolidationExpenseBenefit $-346.00K USD 1 Quarter
Merger related expenses BusinessCombinationAcquisitionRelatedCosts $225.00K USD 1 Quarter
Merger related expenses BusinessCombinationAcquisitionRelatedCosts $1.05M USD 3 Qtrs
Merger related expenses BusinessCombinationAcquisitionRelatedCosts $298.00K USD 1 Quarter
Merger related expenses BusinessCombinationAcquisitionRelatedCosts $2.46M USD 3 Qtrs
Other operating expense OtherCostAndExpenseOperating $11.31M USD 3 Qtrs
Other operating expense OtherCostAndExpenseOperating $4.48M USD 1 Quarter
Other operating expense OtherCostAndExpenseOperating $12.75M USD 3 Qtrs
Other operating expense OtherCostAndExpenseOperating $4.61M USD 1 Quarter
Total operating expenses OperatingExpenses $175.15M USD 3 Qtrs
Total operating expenses OperatingExpenses $162.03M USD 3 Qtrs
Total operating expenses OperatingExpenses $58.67M USD 1 Quarter
Total operating expenses OperatingExpenses $59.00M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $51.10M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $115.51M USD 3 Qtrs
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $123.26M USD 3 Qtrs
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $31.52M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $7.35M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $28.09M USD 3 Qtrs
Provision for income taxes IncomeTaxExpenseBenefit $12.30M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $29.21M USD 3 Qtrs
Net income ProfitLoss $38.80M USD 1 Quarter
Net income ProfitLoss $87.42M USD 3 Qtrs
Net income ProfitLoss $24.17M USD 1 Quarter
Net income ProfitLoss $94.05M USD 3 Qtrs
Net income attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Net income attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest $193.00K USD 1 Quarter
Net income attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest - USD 3 Qtrs
Net income attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest $715.00K USD 3 Qtrs
Net income attributable to OceanFirst Financial Corp. NetIncomeLoss $24.17M USD 1 Quarter
Net income attributable to OceanFirst Financial Corp. NetIncomeLoss $87.42M USD 3 Qtrs
Net income attributable to OceanFirst Financial Corp. NetIncomeLoss $93.33M USD 3 Qtrs
Net income attributable to OceanFirst Financial Corp. NetIncomeLoss $38.61M USD 1 Quarter
Dividends on preferred shares PreferredStockDividendsAndOtherAdjustments $1.00M USD 1 Quarter
Dividends on preferred shares PreferredStockDividendsAndOtherAdjustments $1.00M USD 1 Quarter
Dividends on preferred shares PreferredStockDividendsAndOtherAdjustments $3.01M USD 3 Qtrs
Dividends on preferred shares PreferredStockDividendsAndOtherAdjustments $3.01M USD 3 Qtrs
Net income available to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $84.41M USD 3 Qtrs
Net income available to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $23.16M USD 1 Quarter
Net income available to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $90.32M USD 3 Qtrs
Net income available to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $37.61M USD 1 Quarter
Net income available to common stockholders NetIncomeLossAvailableToCommonStockholdersDiluted $37.61M USD 1 Quarter
Net income available to common stockholders NetIncomeLossAvailableToCommonStockholdersDiluted $23.16M USD 1 Quarter
Net income available to common stockholders NetIncomeLossAvailableToCommonStockholdersDiluted $90.32M USD 3 Qtrs
Net income available to common stockholders NetIncomeLossAvailableToCommonStockholdersDiluted $84.41M USD 3 Qtrs
Basic earnings per share (in dollars per share) EarningsPerShareBasic $1.42 USD 3 Qtrs
Basic earnings per share (in dollars per share) EarningsPerShareBasic $1.54 USD 3 Qtrs
Basic earnings per share (in dollars per share) EarningsPerShareBasic $0.64 USD 1 Quarter
Basic earnings per share (in dollars per share) EarningsPerShareBasic $0.40 USD 1 Quarter
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $0.39 USD 1 Quarter
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $0.64 USD 1 Quarter
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $1.53 USD 3 Qtrs
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $1.41 USD 3 Qtrs
Average basic shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 59.62M shares 3 Qtrs
Average basic shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 58.78M shares 3 Qtrs
Average basic shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 59.31M shares 1 Quarter
Average basic shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 58.68M shares 1 Quarter
Average diluted shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 58.92M shares 3 Qtrs
Average diluted shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 58.80M shares 1 Quarter
Average diluted shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 59.86M shares 3 Qtrs
Average diluted shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 59.52M shares 1 Quarter
Cash Flow Statement 182 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $38.80M USD 1 Quarter
Net income ProfitLoss $87.42M USD 3 Qtrs
Net income ProfitLoss $24.17M USD 1 Quarter
Net income ProfitLoss $94.05M USD 3 Qtrs
Depreciation and amortization of premises and equipment DepreciationDepletionAndAmortization $6.15M USD 3 Qtrs
Depreciation and amortization of premises and equipment DepreciationDepletionAndAmortization $8.53M USD 3 Qtrs
Allocation of ESOP stock EmployeeBenefitsAndShareBasedCompensation $1.06M USD 3 Qtrs
Allocation of ESOP stock EmployeeBenefitsAndShareBasedCompensation $1.85M USD 3 Qtrs
Stock compensation ShareBasedCompensation $4.23M USD 3 Qtrs
Stock compensation ShareBasedCompensation $5.02M USD 3 Qtrs
Net excess tax expense on stock compensation TaxExpenseBenefitFromSharedBasedCompensation $-93.00K USD 3 Qtrs
Net excess tax expense on stock compensation TaxExpenseBenefitFromSharedBasedCompensation $-215.00K USD 3 Qtrs
Amortization of servicing asset ServicingAssetAtAmortizedValueAmortization1 $60.00K USD 3 Qtrs
Amortization of servicing asset ServicingAssetAtAmortizedValueAmortization1 $77.00K USD 3 Qtrs
Net premium amortization in excess of discount accretion on securities AccretionAmortizationOfDiscountsAndPremiumsInvestments $-5.52M USD 3 Qtrs
Net premium amortization in excess of discount accretion on securities AccretionAmortizationOfDiscountsAndPremiumsInvestments $-5.72M USD 3 Qtrs
Net amortization of deferred costs on borrowings AmortizationOfFinancingCostsAndDiscounts $416.00K USD 3 Qtrs
Net amortization of deferred costs on borrowings AmortizationOfFinancingCostsAndDiscounts $688.00K USD 3 Qtrs
Amortization of core deposit intangible AmortizationOfDeferredCharges $1.17M USD 1 Quarter
Amortization of core deposit intangible AmortizationOfDeferredCharges $3.56M USD 3 Qtrs
Amortization of core deposit intangible AmortizationOfDeferredCharges $1.35M USD 1 Quarter
Amortization of core deposit intangible AmortizationOfDeferredCharges $4.11M USD 3 Qtrs
Net accretion of purchase accounting adjustments BusinessAcquisitionsPurchasePriceAllocationYearOfAcquisitionNetEffectOnIncome $7.43M USD 3 Qtrs
Net accretion of purchase accounting adjustments BusinessAcquisitionsPurchasePriceAllocationYearOfAcquisitionNetEffectOnIncome $10.72M USD 3 Qtrs
Net amortization of deferred costs and discounts on loans NetAccretionAmortizationOfDeferredFeesAndDiscountsOnLoans $-606.00K USD 3 Qtrs
Net amortization of deferred costs and discounts on loans NetAccretionAmortizationOfDeferredFeesAndDiscountsOnLoans $-349.00K USD 3 Qtrs
Provision (benefit) for credit losses ProvisionForLoanAndLeaseLosses $4.12M USD 3 Qtrs
Provision (benefit) for credit losses ProvisionForLoanAndLeaseLosses $-10.26M USD 3 Qtrs
Provision (benefit) for credit losses ProvisionForLoanAndLeaseLosses $-3.18M USD 1 Quarter
Provision (benefit) for credit losses ProvisionForLoanAndLeaseLosses $1.02M USD 1 Quarter
Net gain on sale of other real estate owned GainsLossesOnSalesOfOtherRealEstate $54.00K USD 3 Qtrs
Net gain on sale of other real estate owned GainsLossesOnSalesOfOtherRealEstate - USD 3 Qtrs
Net write down of fixed assets held-for-sale to net realizable value ImpairmentOfLongLivedAssetsToBeDisposedOf $1.43M USD 3 Qtrs
Net write down of fixed assets held-for-sale to net realizable value ImpairmentOfLongLivedAssetsToBeDisposedOf $3.11M USD 3 Qtrs
Net (gain) loss on sale of fixed assets GainLossOnSaleOfPropertyPlantEquipment $52.00K USD 3 Qtrs
Net (gain) loss on sale of fixed assets GainLossOnSaleOfPropertyPlantEquipment $-11.00K USD 3 Qtrs
Net loss (gain) on equity securities DebtAndEquitySecuritiesGainLoss $8.40M USD 3 Qtrs
Net loss (gain) on equity securities DebtAndEquitySecuritiesGainLoss $-7.50M USD 3 Qtrs
Net gain on sales of loans GainLossOnSalesOfLoansNet $3.18M USD 3 Qtrs
Net gain on sales of loans GainLossOnSalesOfLoansNet $348.00K USD 3 Qtrs
Proceeds from sales of residential loans held for sale ProceedsFromSaleOfMortgageLoansHeldForSale $101.99M USD 3 Qtrs
Proceeds from sales of residential loans held for sale ProceedsFromSaleOfMortgageLoansHeldForSale $10.27M USD 3 Qtrs
Mortgage loans originated for sale PaymentsForOriginationOfMortgageLoansHeldForSale $13.68M USD 3 Qtrs
Mortgage loans originated for sale PaymentsForOriginationOfMortgageLoansHeldForSale $53.94M USD 3 Qtrs
Increase in value of bank owned life insurance BankOwnedLifeInsuranceIncome $1.36M USD 1 Quarter
Increase in value of bank owned life insurance BankOwnedLifeInsuranceIncome $4.88M USD 3 Qtrs
Increase in value of bank owned life insurance BankOwnedLifeInsuranceIncome $4.77M USD 3 Qtrs
Increase in value of bank owned life insurance BankOwnedLifeInsuranceIncome $1.64M USD 1 Quarter
Net gain on sale of assets held for sale GainLossOnSaleOfAssetsHeldForSale $1.95M USD 3 Qtrs
Net gain on sale of assets held for sale GainLossOnSaleOfAssetsHeldForSale $318.00K USD 3 Qtrs
(Increase) decrease in interest and dividends receivable IncreaseDecreaseInInterestAndDividendsReceivable $5.78M USD 3 Qtrs
(Increase) decrease in interest and dividends receivable IncreaseDecreaseInInterestAndDividendsReceivable $-2.76M USD 3 Qtrs
Deferred tax (benefit) expense DeferredIncomeTaxExpenseBenefit $570.00K USD 3 Qtrs
Deferred tax (benefit) expense DeferredIncomeTaxExpenseBenefit $-66.00K USD 3 Qtrs
(Increase) decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-29.37M USD 3 Qtrs
(Increase) decrease in other assets IncreaseDecreaseInOtherOperatingAssets $84.58M USD 3 Qtrs
Increase (decrease) in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-37.31M USD 3 Qtrs
Increase (decrease) in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $185.93M USD 3 Qtrs
Total adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $115.95M USD 3 Qtrs
Total adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $31.63M USD 3 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $210.00M USD 3 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $119.05M USD 3 Qtrs
Net increase in loans receivable NetIncreaseDecreaseInLoanReceivable $-938.91M USD 3 Qtrs
Net increase in loans receivable NetIncreaseDecreaseInLoanReceivable $-203.10M USD 3 Qtrs
Proceeds from sale of loans ProceedsFromSaleOfHighRiskLoans $13.39M USD 3 Qtrs
Proceeds from sale of loans ProceedsFromSaleOfHighRiskLoans $825.00K USD 3 Qtrs
Purchase of residential loan pool PaymentsToAcquireLoansReceivable $219.75M USD 3 Qtrs
Purchase of residential loan pool PaymentsToAcquireLoansReceivable $161.70M USD 3 Qtrs
Premiums paid on purchased loan pool PaymentsForPremiumsOnPurchasedLoanPool $6.32M USD 3 Qtrs
Premiums paid on purchased loan pool PaymentsForPremiumsOnPurchasedLoanPool $495.00K USD 3 Qtrs
Purchase of debt securities available-for-sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $200.03M USD 3 Qtrs
Purchase of debt securities available-for-sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $64.86M USD 3 Qtrs
Purchase of debt securities held-to-maturity PaymentsToAcquireOtherHeldToMaturitySecurities $381.03M USD 3 Qtrs
Purchase of debt securities held-to-maturity PaymentsToAcquireOtherHeldToMaturitySecurities $26.67M USD 3 Qtrs
Purchase of equity investments PaymentsToAcquireEquityMethodInvestments $5.93M USD 3 Qtrs
Purchase of equity investments PaymentsToAcquireEquityMethodInvestments $85.08M USD 3 Qtrs
Proceeds from maturities and calls of debt securities available-for-sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $93.83M USD 3 Qtrs
Proceeds from maturities and calls of debt securities available-for-sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $84.20M USD 3 Qtrs
Proceeds from maturities and calls of debt securities held-to-maturity ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities $22.12M USD 3 Qtrs
Proceeds from maturities and calls of debt securities held-to-maturity ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities $25.13M USD 3 Qtrs
Proceeds from sales of debt securities available-for-sale ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $30.26M USD 3 Qtrs
Proceeds from sales of debt securities available-for-sale ProceedsFromSaleOfAvailableForSaleSecuritiesDebt - USD 3 Qtrs
Proceeds from sale of equity investments ProceedsFromSaleOfEquityMethodInvestments $98.78M USD 3 Qtrs
Proceeds from sale of equity investments ProceedsFromSaleOfEquityMethodInvestments $19.23M USD 3 Qtrs
Principal repayments on debt securities available-for-sale ProceedsfromMaturitiesRepaymentsandCallsofDebtSecuritiesFVNIAvailableforsale - USD 3 Qtrs
Principal repayments on debt securities available-for-sale ProceedsfromMaturitiesRepaymentsandCallsofDebtSecuritiesFVNIAvailableforsale $114.00K USD 3 Qtrs
Principal repayments on debt securities held-to-maturity PrincipalRepaymentsOnDebtInvestmentSecuritiesHeldToMaturity $111.28M USD 3 Qtrs
Principal repayments on debt securities held-to-maturity PrincipalRepaymentsOnDebtInvestmentSecuritiesHeldToMaturity $168.06M USD 3 Qtrs
Proceeds from bank owned life insurance ProceedsFromLifeInsurancePolicies $9.95M USD 3 Qtrs
Proceeds from bank owned life insurance ProceedsFromLifeInsurancePolicies $2.97M USD 3 Qtrs
Proceeds from the redemption of restricted equity investments ProceedsFromSaleOfFederalHomeLoanBankStock $1.11M USD 3 Qtrs
Proceeds from the redemption of restricted equity investments ProceedsFromSaleOfFederalHomeLoanBankStock $164.94M USD 3 Qtrs
Purchases of restricted equity investments PaymentsToAcquireFederalHomeLoanBankStock $2.07M USD 3 Qtrs
Purchases of restricted equity investments PaymentsToAcquireFederalHomeLoanBankStock $189.30M USD 3 Qtrs
Proceeds from sale of other real estate owned ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans - USD 3 Qtrs
Proceeds from sale of other real estate owned ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans $160.00K USD 3 Qtrs
Proceeds from sales of assets held-for-sale ProceedsFromSaleOfPropertyHeldForSale $7.68M USD 3 Qtrs
Proceeds from sales of assets held-for-sale ProceedsFromSaleOfPropertyHeldForSale $2.60M USD 3 Qtrs
Purchases of premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $14.36M USD 3 Qtrs
Purchases of premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $26.49M USD 3 Qtrs
Purchases of operating lease equipment PaymentsToAcquireEquipmentOnLease $4.79M USD 3 Qtrs
Purchases of operating lease equipment PaymentsToAcquireEquipmentOnLease - USD 3 Qtrs
Net cash consideration received for acquisition CashAcquiredFromAcquisition - USD 3 Qtrs
Net cash consideration received for acquisition CashAcquiredFromAcquisition $38.61M USD 3 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-909.18M USD 3 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-726.48M USD 3 Qtrs
Increase in deposits IncreaseDecreaseInDeposits $227.19M USD 3 Qtrs
Increase in deposits IncreaseDecreaseInDeposits $347.67M USD 3 Qtrs
(Decrease) increase in short-term borrowings ProceedsFromRepaymentsOfShortTermDebt $-22.48M USD 3 Qtrs
(Decrease) increase in short-term borrowings ProceedsFromRepaymentsOfShortTermDebt $14.84M USD 3 Qtrs
Net proceeds from FHLB advances ProceedsFromFederalHomeLoanBankBorrowings - USD 3 Qtrs
Net proceeds from FHLB advances ProceedsFromFederalHomeLoanBankBorrowings $514.20M USD 3 Qtrs
Repayments of other borrowings RepaymentsOfOtherDebt $7.58M USD 3 Qtrs
Repayments of other borrowings RepaymentsOfOtherDebt $35.08M USD 3 Qtrs
Increase in advances by borrowers for taxes and insurance IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance $5.15M USD 3 Qtrs
Increase in advances by borrowers for taxes and insurance IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance $4.92M USD 3 Qtrs
Exercise of stock options ProceedsFromStockOptionsExercised $1.83M USD 3 Qtrs
Exercise of stock options ProceedsFromStockOptionsExercised $346.00K USD 3 Qtrs
Payment of employee taxes withheld from stock awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.47M USD 3 Qtrs
Payment of employee taxes withheld from stock awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.18M USD 3 Qtrs
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $30.63M USD 3 Qtrs
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $7.40M USD 3 Qtrs
Dividends paid PaymentsOfDividendsCommonStock $33.44M USD 3 Qtrs
Dividends paid PaymentsOfDividendsCommonStock $34.78M USD 3 Qtrs
Distributions to non-controlling interest PaymentsToMinorityShareholders - USD 3 Qtrs
Distributions to non-controlling interest PaymentsToMinorityShareholders $582.00K USD 3 Qtrs
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $296.44M USD 3 Qtrs
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $645.10M USD 3 Qtrs
Net decrease in cash and due from banks and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-54.08M USD 3 Qtrs
Net decrease in cash and due from banks and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-310.99M USD 3 Qtrs
Cash and due from banks and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $170.71M USD Point-in-time
Cash and due from banks and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.01B 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 and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.32B USD Point-in-time
Cash and due from banks at beginning of period CashAndDueFromBanks $981.13M 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 $170.67M USD Point-in-time
Cash and due from banks at beginning of period CashAndDueFromBanks $1.27B USD Point-in-time
Restricted cash at beginning of period RestrictedCash $19.84M USD Point-in-time
Restricted cash at beginning of period RestrictedCash $40.00K USD Point-in-time
Restricted cash at beginning of period RestrictedCash $26.55M 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 $981.13M 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 $170.67M USD Point-in-time
Cash and due from banks at end of period CashAndDueFromBanks $1.27B USD Point-in-time
Restricted cash at end of period RestrictedCash $19.84M USD Point-in-time
Restricted cash at end of period RestrictedCash $40.00K USD Point-in-time
Restricted cash at end of period RestrictedCash $26.55M 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 $170.71M USD Point-in-time
Cash and due from banks and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.01B USD Point-in-time
Cash and due from banks and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $224.78M USD Point-in-time
Cash and due from banks and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.32B USD Point-in-time
Interest InterestPaidNet $27.95M USD 3 Qtrs
Interest InterestPaidNet $28.01M USD 3 Qtrs
Income taxes IncomeTaxesPaid $12.63M USD 3 Qtrs
Income taxes IncomeTaxesPaid $38.71M USD 3 Qtrs
Accretion of unrealized loss on securities reclassified to held-to-maturity AccretionOfUnrealizedLossOnSecuritiesReclassifiedToHeldToMaturity $512.00K USD 3 Qtrs
Accretion of unrealized loss on securities reclassified to held-to-maturity AccretionOfUnrealizedLossOnSecuritiesReclassifiedToHeldToMaturity $451.00K USD 3 Qtrs
Net loan recoveries NetLoansRecoveries $442.00K USD 3 Qtrs
Net loan recoveries NetLoansRecoveries $335.00K USD 3 Qtrs
Transfer of loans receivable to loans held-for-sale FinancingReceivableReclassificationToHeldForSale $12.78M USD 3 Qtrs
Transfer of loans receivable to loans held-for-sale FinancingReceivableReclassificationToHeldForSale $13.18M USD 3 Qtrs
Transfer of premises and equipment to assets held-for-sale TransferOfPremisesandEquipmenttoAssetsHeldforSale $2.78M USD 3 Qtrs
Transfer of premises and equipment to assets held-for-sale TransferOfPremisesandEquipmenttoAssetsHeldforSale $1.48M USD 3 Qtrs
Other current assets NoncashOrPartNoncashAcquisitionOtherCurrentAssetsAcquired - USD 3 Qtrs
Other current assets NoncashOrPartNoncashAcquisitionOtherCurrentAssetsAcquired $238.00K USD 3 Qtrs
Premises and equipment NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 $18.00K USD 3 Qtrs
Premises and equipment NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 - USD 3 Qtrs
Right of use (ROU) asset NoncashOrPartNoncashAcquisitionRightOfUseAssetsAcquired - USD 3 Qtrs
Right of use (ROU) asset NoncashOrPartNoncashAcquisitionRightOfUseAssetsAcquired $779.00K USD 3 Qtrs
Other assets NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1 $81.00K USD 3 Qtrs
Other assets NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1 - USD 3 Qtrs
Total non-cash assets acquired NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1 $1.12M USD 3 Qtrs
Total non-cash assets acquired NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1 - USD 3 Qtrs
Lease liability NoncashOrPartNoncashAcquisitionLeaseLiabilityAssumed - USD 3 Qtrs
Lease liability NoncashOrPartNoncashAcquisitionLeaseLiabilityAssumed $779.00K USD 3 Qtrs
Other liabilities NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1 - USD 3 Qtrs
Other liabilities NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1 $43.94M USD 3 Qtrs
Total liabilities assumed NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1 - USD 3 Qtrs
Total liabilities assumed NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1 $44.72M USD 3 Qtrs
Stockholders Equity 53 line items
Line Item Tag Value Unit Period
Cash dividend per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.20 USD 1 Quarter
Cash dividend per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.51 USD 3 Qtrs
Cash dividend per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.54 USD 3 Qtrs
Cash dividend per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.17 USD 1 Quarter
Purchase of common stock (in shares) TreasuryStockSharesAcquired 1.46M shares 3 Qtrs
Purchase of common stock (in shares) TreasuryStockSharesAcquired 460,009.00 shares 1 Quarter
Purchase of common stock (in shares) TreasuryStockSharesAcquired 373,223.00 shares 3 Qtrs
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.52B USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.51B USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.54B USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.51B USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.48B USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.52B USD Point-in-time
Net income ProfitLoss $38.80M USD 1 Quarter
Net income ProfitLoss $87.42M USD 3 Qtrs
Net income ProfitLoss $24.17M USD 1 Quarter
Net income ProfitLoss $94.05M USD 3 Qtrs
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-9.40M USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-1.35M USD 3 Qtrs
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-35.67M USD 3 Qtrs
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-760.00K USD 1 Quarter
Stock compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $5.02M USD 3 Qtrs
Stock compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $4.23M USD 3 Qtrs
Stock compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.50M USD 1 Quarter
Stock compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.62M USD 1 Quarter
Allocation of ESOP stock AmortizationOfESOPAward $336.00K USD 1 Quarter
Allocation of ESOP stock AmortizationOfESOPAward $1.85M USD 3 Qtrs
Allocation of ESOP stock AmortizationOfESOPAward $601.00K USD 1 Quarter
Allocation of ESOP stock AmortizationOfESOPAward $1.06M USD 3 Qtrs
Cash dividend DividendsCommonStockCash $31.77M USD 3 Qtrs
Cash dividend DividendsCommonStockCash $10.10M USD 1 Quarter
Cash dividend DividendsCommonStockCash $30.43M USD 3 Qtrs
Cash dividend DividendsCommonStockCash $11.75M USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $5.00K USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $95.00K USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $1.83M USD 3 Qtrs
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $346.00K USD 3 Qtrs
Repurchased shares of common stock StockRepurchasedDuringPeriodValue $7.40M USD 3 Qtrs
Repurchased shares of common stock StockRepurchasedDuringPeriodValue $30.63M USD 3 Qtrs
Repurchased shares of common stock StockRepurchasedDuringPeriodValue $9.69M USD 1 Quarter
Preferred stock dividend DividendsPreferredStock $3.01M USD 3 Qtrs
Preferred stock dividend DividendsPreferredStock $1.00M USD 1 Quarter
Preferred stock dividend DividendsPreferredStock $3.01M USD 3 Qtrs
Preferred stock dividend DividendsPreferredStock $1.00M USD 1 Quarter
Acquisition of Trident Abstract Title Agency, LLC (Trident) StockIssuedDuringPeriodValueAcquisitions $836.00K USD 3 Qtrs
Distributions to non-controlling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $582.00K USD 3 Qtrs
Distributions to non-controlling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $176.00K USD 1 Quarter
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.52B USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.51B USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.54B USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.51B USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.48B USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.52B USD Point-in-time
Comprehensive Income 50 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $38.80M USD 1 Quarter
Unrealized holding gain (loss), before adjustment, tax benefit OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-446.00K USD 3 Qtrs
Net income ProfitLoss $87.42M USD 3 Qtrs
Net income ProfitLoss $24.17M USD 1 Quarter
Unrealized holding gain (loss), before adjustment, tax benefit OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-11.41M USD 3 Qtrs
Unrealized holding gain (loss), before adjustment, tax benefit OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-3.02M USD 1 Quarter
Unrealized holding gain (loss), before adjustment, tax benefit OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-232.00K USD 1 Quarter
Net income ProfitLoss $94.05M USD 3 Qtrs
Accretion of unrealized loss on debt securities, tax expense OtherComprehensiveIncomeAccretionOfFairValueAdjustmentOnHeldToMaturitySecuritiesTax $60.00K USD 1 Quarter
Accretion of unrealized loss on debt securities, tax expense OtherComprehensiveIncomeAccretionOfFairValueAdjustmentOnHeldToMaturitySecuritiesTax $209.00K USD 3 Qtrs
Accretion of unrealized loss on debt securities, tax expense OtherComprehensiveIncomeAccretionOfFairValueAdjustmentOnHeldToMaturitySecuritiesTax $66.00K USD 1 Quarter
Accretion of unrealized loss on debt securities, tax expense OtherComprehensiveIncomeAccretionOfFairValueAdjustmentOnHeldToMaturitySecuritiesTax $186.00K USD 3 Qtrs
Net unrealized loss on debt securities (net of tax benefit of $3,023 and $11,411 in 2022 and tax benefit of $232 and $446 in 2021) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-1.66M USD 3 Qtrs
Net unrealized loss on debt securities (net of tax benefit of $3,023 and $11,411 in 2022 and tax benefit of $232 and $446 in 2021) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-855.00K USD 1 Quarter
Reclassification adjustment from AOCI for sale of securities, tax expense (benefit) OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax $-26.00K USD 3 Qtrs
Reclassification adjustment from AOCI for sale of securities, tax expense (benefit) OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax $-26.00K USD 1 Quarter
Net unrealized loss on debt securities (net of tax benefit of $3,023 and $11,411 in 2022 and tax benefit of $232 and $446 in 2021) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-9.49M USD 1 Quarter
Net unrealized loss on debt securities (net of tax benefit of $3,023 and $11,411 in 2022 and tax benefit of $232 and $446 in 2021) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-35.86M USD 3 Qtrs
Accretion of unrealized loss on debt securities reclassified to held-to-maturity (net of tax expense of $60 and $186 in 2022 and tax expense of $66 and $209 in 2021) OtherComprehensiveIncomeLossTransfersFromHeldToMaturityToAvailableForSaleSecuritiesNetOfTax $265.00K USD 3 Qtrs
Accretion of unrealized loss on debt securities reclassified to held-to-maturity (net of tax expense of $60 and $186 in 2022 and tax expense of $66 and $209 in 2021) OtherComprehensiveIncomeLossTransfersFromHeldToMaturityToAvailableForSaleSecuritiesNetOfTax $303.00K USD 3 Qtrs
Accretion of unrealized loss on debt securities reclassified to held-to-maturity (net of tax expense of $60 and $186 in 2022 and tax expense of $66 and $209 in 2021) OtherComprehensiveIncomeLossTransfersFromHeldToMaturityToAvailableForSaleSecuritiesNetOfTax $95.00K USD 1 Quarter
Accretion of unrealized loss on debt securities reclassified to held-to-maturity (net of tax expense of $60 and $186 in 2022 and tax expense of $66 and $209 in 2021) OtherComprehensiveIncomeLossTransfersFromHeldToMaturityToAvailableForSaleSecuritiesNetOfTax $87.00K USD 1 Quarter
Reclassification adjustment for gains included in net income (net of tax benefit of $26 in 2022) OciDebtSecuritiesAvailableForSaleTransferToHeldToMaturityAdjustmentFromAociForAmortizationOfGainLossAfterTax - USD 3 Qtrs
Reclassification adjustment for gains included in net income (net of tax benefit of $26 in 2022) OciDebtSecuritiesAvailableForSaleTransferToHeldToMaturityAdjustmentFromAociForAmortizationOfGainLossAfterTax - USD 1 Quarter
Reclassification adjustment for gains included in net income (net of tax benefit of $26 in 2022) OciDebtSecuritiesAvailableForSaleTransferToHeldToMaturityAdjustmentFromAociForAmortizationOfGainLossAfterTax - USD 1 Quarter
Reclassification adjustment for gains included in net income (net of tax benefit of $26 in 2022) OciDebtSecuritiesAvailableForSaleTransferToHeldToMaturityAdjustmentFromAociForAmortizationOfGainLossAfterTax $82.00K USD 3 Qtrs
Total other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-760.00K USD 1 Quarter
Total other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-9.40M USD 1 Quarter
Total other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-35.67M USD 3 Qtrs
Total other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-1.35M USD 3 Qtrs
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $29.40M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $86.06M USD 3 Qtrs
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $23.41M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $58.37M USD 3 Qtrs
Less: comprehensive income attributable to non-controlling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest - USD 1 Quarter
Less: comprehensive income attributable to non-controlling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $715.00K USD 3 Qtrs
Less: comprehensive income attributable to non-controlling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $193.00K USD 1 Quarter
Less: comprehensive income attributable to non-controlling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest - USD 3 Qtrs
Comprehensive income attributable to OceanFirst Financial Corp. ComprehensiveIncomeNetOfTax $57.66M USD 3 Qtrs
Comprehensive income attributable to OceanFirst Financial Corp. ComprehensiveIncomeNetOfTax $23.41M USD 1 Quarter
Comprehensive income attributable to OceanFirst Financial Corp. ComprehensiveIncomeNetOfTax $29.21M USD 1 Quarter
Comprehensive income attributable to OceanFirst Financial Corp. ComprehensiveIncomeNetOfTax $86.06M USD 3 Qtrs
Less: Dividends on preferred shares PreferredStockDividendsAndOtherAdjustments $1.00M USD 1 Quarter
Less: Dividends on preferred shares PreferredStockDividendsAndOtherAdjustments $1.00M USD 1 Quarter
Less: Dividends on preferred shares PreferredStockDividendsAndOtherAdjustments $3.01M USD 3 Qtrs
Less: Dividends on preferred shares PreferredStockDividendsAndOtherAdjustments $3.01M USD 3 Qtrs
Comprehensive income available to common stockholders ComprehensiveIncomeLossAvailableForCommonStockholders $54.64M USD 3 Qtrs
Comprehensive income available to common stockholders ComprehensiveIncomeLossAvailableForCommonStockholders $83.05M USD 3 Qtrs
Comprehensive income available to common stockholders ComprehensiveIncomeLossAvailableForCommonStockholders $22.40M USD 1 Quarter
Comprehensive income available to common stockholders ComprehensiveIncomeLossAvailableForCommonStockholders $28.20M USD 1 Quarter

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

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