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10-Q Filing

OCEANFIRST FINANCIAL CORP CIK: 1004702 Q2 2023
Filing Information
Form Type 10-Q
Accession Number 0001004702-23-000133
Period End Date 20230630
Filing Date 20230803
Fiscal Year 2023
Fiscal Period Q2
XBRL Instance ocfc-20230630_htm.xml
Balance Sheet 104 line items
Line Item Tag Value Unit Period
Allowance for credit losses DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest $964.00K USD Point-in-time
Allowance for credit losses DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest $1.04M USD Point-in-time
Allowance for credit losses DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest $1.38M USD Point-in-time
Allowance for credit losses DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest $1.29M USD Point-in-time
Allowance for credit losses DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest $1.13M USD Point-in-time
Allowance for credit losses DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest $1.47M USD Point-in-time
Securities held-to-maturity, fair value HeldToMaturitySecuritiesFairValue $1.11B USD Point-in-time
Cash and due from banks CashAndDueFromBanks $189.02M USD Point-in-time
Cash and due from banks CashAndDueFromBanks $457.75M USD Point-in-time
Cash and due from banks CashAndDueFromBanks $167.95M USD Point-in-time
Securities held-to-maturity, fair value HeldToMaturitySecuritiesFairValue $1.11B USD Point-in-time
Cash and due from banks CashAndDueFromBanks $204.95M USD Point-in-time
Allowance for loan credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $60.20M USD Point-in-time
Debt securities available-for-sale, at estimated fair value DebtSecuritiesAvailableForSaleExcludingAccruedInterest $452.02M USD Point-in-time
Allowance for loan credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $48.85M USD Point-in-time
Allowance for loan credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $61.79M 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 $457.65M USD Point-in-time
Allowance for loan credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $50.60M USD Point-in-time
Allowance for loan credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $56.82M 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 $964 at June 30, 2023 and $1,128 at December 31, 2022 (estimated fair value of $1,109,756 at June 30, 2023 and $1,110,041 at December 31, 2022) DebtSecuritiesHeldToMaturityExcludingAccruedInterestAfterAllowanceForCreditLoss $1.22B USD Point-in-time
Debt securities held-to-maturity, net of allowance for securities credit losses of $964 at June 30, 2023 and $1,128 at December 31, 2022 (estimated fair value of $1,109,756 at June 30, 2023 and $1,110,041 at December 31, 2022) DebtSecuritiesHeldToMaturityExcludingAccruedInterestAfterAllowanceForCreditLoss $1.22B USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 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 $96.45M USD Point-in-time
Equity investments EquityInvestments $102.04M USD Point-in-time
Restricted equity investments, at cost FederalHomeLoanBankStock $105.31M USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 5.00M shares Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 5.00M shares Point-in-time
Restricted equity investments, at cost FederalHomeLoanBankStock $109.28M 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 $61,791 at June 30, 2023 and $56,824 at December 31, 2022 FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss $9.87B 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 $61,791 at June 30, 2023 and $56,824 at December 31, 2022 FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss $10.03B USD Point-in-time
Loans held-for-sale MortgagesHeldForSaleCarryingValue $4.20M USD Point-in-time
Loans held-for-sale MortgagesHeldForSaleCarryingValue $690.00K 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
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 150.00M shares Point-in-time
Interest and dividends receivable InterestReceivable $44.70M USD Point-in-time
Interest and dividends receivable InterestReceivable $47.93M USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 150.00M shares Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization $124.14M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 62.16M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 61.88M shares Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization $126.70M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 59.42M shares Point-in-time
Bank owned life insurance BankOwnedLifeInsurance $261.60M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 59.14M shares Point-in-time
Bank owned life insurance BankOwnedLifeInsurance $263.84M USD Point-in-time
Treasury stock, shares (in shares) TreasuryStockCommonShares 2.74M shares Point-in-time
Assets held for sale AssetsHeldForSaleNotPartOfDisposalGroup $3.61M USD Point-in-time
Assets held for sale AssetsHeldForSaleNotPartOfDisposalGroup $2.72M USD Point-in-time
Treasury stock, shares (in shares) TreasuryStockCommonShares 2.74M shares Point-in-time
Goodwill Goodwill $506.15M USD Point-in-time
Goodwill Goodwill $506.15M USD Point-in-time
Core deposit intangible IntangibleAssetsNetExcludingGoodwill $11.48M USD Point-in-time
Core deposit intangible IntangibleAssetsNetExcludingGoodwill $13.50M USD Point-in-time
Other assets OtherAssets $213.43M USD Point-in-time
Other assets OtherAssets $221.07M USD Point-in-time
Total assets Assets $13.54B USD Point-in-time
Total assets Assets $13.10B USD Point-in-time
Deposits Deposits $10.16B USD Point-in-time
Deposits Deposits $9.68B USD Point-in-time
Federal Home Loan Bank (FHLB) advances AdvancesFromFederalHomeLoanBanks $1.09B USD Point-in-time
Federal Home Loan Bank (FHLB) advances AdvancesFromFederalHomeLoanBanks $1.21B USD Point-in-time
Securities sold under agreements to repurchase with customers SecuritiesSoldUnderAgreementsToRepurchase $74.45M USD Point-in-time
Securities sold under agreements to repurchase with customers SecuritiesSoldUnderAgreementsToRepurchase $69.10M USD Point-in-time
Other borrowings OtherBorrowings $195.93M USD Point-in-time
Other borrowings OtherBorrowings $195.40M USD Point-in-time
Advances by borrowers for taxes and insurance AdvancePaymentsByBorrowersForTaxesAndInsurance $27.84M USD Point-in-time
Advances by borrowers for taxes and insurance AdvancePaymentsByBorrowersForTaxesAndInsurance $21.41M USD Point-in-time
Other liabilities OtherLiabilities $364.40M USD Point-in-time
Other liabilities OtherLiabilities $346.15M USD Point-in-time
Total liabilities Liabilities $11.91B USD Point-in-time
Total liabilities Liabilities $11.52B 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, 2023 and December 31, 2022 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, 2023 and December 31, 2022 PreferredStockValue $1.00K USD Point-in-time
Common stock, $0.01 par value, 150,000,000 shares authorized, 62,155,942 and 61,877,686 shares issued at June 30, 2023 and December 31, 2022, respectively; and 59,420,859 and 59,144,128 shares outstanding at June 30, 2023 and December 31, 2022, respectively CommonStockValue $613.00K USD Point-in-time
Common stock, $0.01 par value, 150,000,000 shares authorized, 62,155,942 and 61,877,686 shares issued at June 30, 2023 and December 31, 2022, respectively; and 59,420,859 and 59,144,128 shares outstanding at June 30, 2023 and December 31, 2022, respectively CommonStockValue $612.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $1.15B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $1.16B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $569.87M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $540.51M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-35.98M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-30.35M USD Point-in-time
Less: Unallocated common stock held by Employee Stock Ownership Plan ("ESOP") CommonStockIssuedEmployeeTrustDeferred $4.99M USD Point-in-time
Less: Unallocated common stock held by Employee Stock Ownership Plan ("ESOP") CommonStockIssuedEmployeeTrustDeferred $6.19M USD Point-in-time
Treasury stock, 2,735,083 shares at both June 30, 2023 and December 31, 2022 TreasuryStockCommonValue $69.11M USD Point-in-time
Treasury stock, 2,735,083 shares at both June 30, 2023 and December 31, 2022 TreasuryStockCommonValue $69.11M USD Point-in-time
OceanFirst Financial Corp. stockholders equity StockholdersEquity $1.58B USD Point-in-time
OceanFirst Financial Corp. stockholders equity StockholdersEquity $1.63B USD Point-in-time
Non-controlling interest MinorityInterest $802.00K USD Point-in-time
Non-controlling interest MinorityInterest $848.00K USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.52B USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.63B USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.52B USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.61B USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.59B USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.52B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $13.54B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $13.10B USD Point-in-time
Income Statement 172 line items
Line Item Tag Value Unit Period
Loans InterestAndFeeIncomeLoansAndLeases $90.73M USD 1 Quarter
Loans InterestAndFeeIncomeLoansAndLeases $250.82M USD 2 Qtrs
Loans InterestAndFeeIncomeLoansAndLeases $129.10M USD 1 Quarter
Loans InterestAndFeeIncomeLoansAndLeases $173.20M USD 2 Qtrs
Debt securities InterestIncomeDebtSecuritiesOperating $7.47M USD 1 Quarter
Debt securities InterestIncomeDebtSecuritiesOperating $14.32M USD 1 Quarter
Debt securities InterestIncomeDebtSecuritiesOperating $14.98M USD 2 Qtrs
Debt securities InterestIncomeDebtSecuritiesOperating $28.61M USD 2 Qtrs
Equity investments and other InterestAndDividendIncomeSecuritiesOther $9.70M USD 2 Qtrs
Equity investments and other InterestAndDividendIncomeSecuritiesOther $6.67M USD 1 Quarter
Equity investments and other InterestAndDividendIncomeSecuritiesOther $2.22M USD 2 Qtrs
Equity investments and other InterestAndDividendIncomeSecuritiesOther $1.21M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $289.13M USD 2 Qtrs
Total interest income InterestAndDividendIncomeOperating $190.40M USD 2 Qtrs
Total interest income InterestAndDividendIncomeOperating $150.10M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $99.42M USD 1 Quarter
Deposits InterestExpenseDeposits $59.26M USD 2 Qtrs
Deposits InterestExpenseDeposits $8.36M USD 2 Qtrs
Deposits InterestExpenseDeposits $4.32M USD 1 Quarter
Deposits InterestExpenseDeposits $37.93M USD 1 Quarter
Borrowed funds InterestExpenseBorrowings $20.05M USD 1 Quarter
Borrowed funds InterestExpenseBorrowings $4.30M USD 1 Quarter
Borrowed funds InterestExpenseBorrowings $7.02M USD 2 Qtrs
Borrowed funds InterestExpenseBorrowings $38.95M USD 2 Qtrs
Total interest expense InterestExpense $8.62M USD 1 Quarter
Total interest expense InterestExpense $98.22M USD 2 Qtrs
Total interest expense InterestExpense $15.38M USD 2 Qtrs
Total interest expense InterestExpense $57.99M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $92.11M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $175.02M USD 2 Qtrs
Net interest income InterestIncomeExpenseNet $190.91M USD 2 Qtrs
Net interest income InterestIncomeExpenseNet $90.80M USD 1 Quarter
Provision for credit losses ProvisionForLoanLeaseAndOtherLosses $4.24M USD 2 Qtrs
Provision for credit losses ProvisionForLoanLeaseAndOtherLosses $1.23M USD 1 Quarter
Provision for credit losses ProvisionForLoanLeaseAndOtherLosses $1.25M USD 1 Quarter
Provision for credit losses ProvisionForLoanLeaseAndOtherLosses $3.10M USD 2 Qtrs
Net interest income after provision for credit losses InterestIncomeExpenseAfterProvisionForLoanLoss $186.67M USD 2 Qtrs
Net interest income after provision for credit losses InterestIncomeExpenseAfterProvisionForLoanLoss $171.92M USD 2 Qtrs
Net interest income after provision for credit losses InterestIncomeExpenseAfterProvisionForLoanLoss $89.54M USD 1 Quarter
Net interest income after provision for credit losses InterestIncomeExpenseAfterProvisionForLoanLoss $90.88M USD 1 Quarter
Bankcard services revenue CreditAndDebitCardRevenue $1.54M USD 1 Quarter
Bankcard services revenue CreditAndDebitCardRevenue $2.87M USD 2 Qtrs
Bankcard services revenue CreditAndDebitCardRevenue $6.27M USD 2 Qtrs
Bankcard services revenue CreditAndDebitCardRevenue $3.31M USD 1 Quarter
Net gain on sales of loans GainLossOnSaleOfMortgageLoans $3.00K USD 1 Quarter
Net gain on sales of loans GainLossOnSaleOfMortgageLoans $53.00K USD 2 Qtrs
Net gain on sales of loans GainLossOnSaleOfMortgageLoans $180.00K USD 2 Qtrs
Net gain on sales of loans GainLossOnSaleOfMortgageLoans $33.00K USD 1 Quarter
Net loss on equity investments MarketableSecuritiesUnrealizedGainLoss $-559.00K USD 1 Quarter
Net loss on equity investments MarketableSecuritiesUnrealizedGainLoss $-7.36M USD 2 Qtrs
Net loss on equity investments MarketableSecuritiesUnrealizedGainLoss $-10.86M USD 2 Qtrs
Net loss on equity investments MarketableSecuritiesUnrealizedGainLoss $-8.08M USD 1 Quarter
Net gain from other real estate operations ProfitLossFromRealEstateOperations $48.00K USD 2 Qtrs
Net gain from other real estate operations ProfitLossFromRealEstateOperations - USD 1 Quarter
Net gain from other real estate operations ProfitLossFromRealEstateOperations - USD 2 Qtrs
Net gain from other real estate operations ProfitLossFromRealEstateOperations $50.00K USD 1 Quarter
Income from bank owned life insurance BankOwnedLifeInsuranceIncome $1.42M USD 1 Quarter
Income from bank owned life insurance BankOwnedLifeInsuranceIncome $1.18M USD 1 Quarter
Income from bank owned life insurance BankOwnedLifeInsuranceIncome $2.46M USD 2 Qtrs
Income from bank owned life insurance BankOwnedLifeInsuranceIncome $3.52M USD 2 Qtrs
Commercial loan swap income GainLossOnOilAndGasHedgingActivity - USD 1 Quarter
Commercial loan swap income GainLossOnOilAndGasHedgingActivity $701.00K USD 2 Qtrs
Commercial loan swap income GainLossOnOilAndGasHedgingActivity $5.08M USD 2 Qtrs
Commercial loan swap income GainLossOnOilAndGasHedgingActivity $2.29M USD 1 Quarter
Other NoninterestIncomeOtherOperatingIncome $481.00K USD 1 Quarter
Other NoninterestIncomeOtherOperatingIncome $252.00K USD 2 Qtrs
Other NoninterestIncomeOtherOperatingIncome $236.00K USD 1 Quarter
Other NoninterestIncomeOtherOperatingIncome $183.00K USD 2 Qtrs
Total other income NoninterestIncome $8.93M USD 1 Quarter
Total other income NoninterestIncome $7.54M USD 1 Quarter
Total other income NoninterestIncome $16.39M USD 2 Qtrs
Total other income NoninterestIncome $11.00M USD 2 Qtrs
Compensation and employee benefits LaborAndRelatedExpense $63.85M USD 2 Qtrs
Compensation and employee benefits LaborAndRelatedExpense $34.22M USD 1 Quarter
Compensation and employee benefits LaborAndRelatedExpense $68.14M USD 2 Qtrs
Compensation and employee benefits LaborAndRelatedExpense $33.15M USD 1 Quarter
Occupancy OccupancyNet $10.50M USD 2 Qtrs
Occupancy OccupancyNet $5.26M USD 1 Quarter
Occupancy OccupancyNet $10.50M USD 2 Qtrs
Occupancy OccupancyNet $4.76M USD 1 Quarter
Equipment EquipmentExpense $1.34M USD 1 Quarter
Equipment EquipmentExpense $2.71M USD 2 Qtrs
Equipment EquipmentExpense $1.10M USD 1 Quarter
Equipment EquipmentExpense $2.31M USD 2 Qtrs
Marketing MarketingExpense $971.00K USD 1 Quarter
Marketing MarketingExpense $1.59M USD 2 Qtrs
Marketing MarketingExpense $961.00K USD 1 Quarter
Marketing MarketingExpense $1.94M USD 2 Qtrs
Federal deposit insurance and regulatory assessments FederalDepositInsuranceCorporationPremiumExpense $2.46M USD 1 Quarter
Federal deposit insurance and regulatory assessments FederalDepositInsuranceCorporationPremiumExpense $4.21M USD 2 Qtrs
Federal deposit insurance and regulatory assessments FederalDepositInsuranceCorporationPremiumExpense $1.79M USD 1 Quarter
Federal deposit insurance and regulatory assessments FederalDepositInsuranceCorporationPremiumExpense $3.68M USD 2 Qtrs
Data processing InformationTechnologyAndDataProcessing $12.32M USD 2 Qtrs
Data processing InformationTechnologyAndDataProcessing $6.17M USD 1 Quarter
Data processing InformationTechnologyAndDataProcessing $6.17M USD 1 Quarter
Data processing InformationTechnologyAndDataProcessing $11.91M USD 2 Qtrs
Check card processing CheckCardProcessing $1.51M USD 1 Quarter
Check card processing CheckCardProcessing $2.50M USD 2 Qtrs
Check card processing CheckCardProcessing $2.50M USD 2 Qtrs
Check card processing CheckCardProcessing $1.21M USD 1 Quarter
Professional fees ProfessionalFees $5.08M USD 1 Quarter
Professional fees ProfessionalFees $2.47M USD 1 Quarter
Professional fees ProfessionalFees $5.79M USD 2 Qtrs
Professional fees ProfessionalFees $10.18M USD 2 Qtrs
Amortization of core deposit intangible AmortizationOfDeferredCharges $2.02M USD 2 Qtrs
Amortization of core deposit intangible AmortizationOfDeferredCharges $2.39M USD 2 Qtrs
Amortization of core deposit intangible AmortizationOfDeferredCharges $994.00K USD 1 Quarter
Amortization of core deposit intangible AmortizationOfDeferredCharges $1.18M USD 1 Quarter
Branch consolidation expense, net BranchConsolidationExpenseBenefit $546.00K USD 1 Quarter
Branch consolidation expense, net BranchConsolidationExpenseBenefit $70.00K USD 2 Qtrs
Branch consolidation expense, net BranchConsolidationExpenseBenefit - USD 1 Quarter
Branch consolidation expense, net BranchConsolidationExpenseBenefit $948.00K USD 2 Qtrs
Merger related expenses BusinessCombinationAcquisitionRelatedCosts $196.00K USD 1 Quarter
Merger related expenses BusinessCombinationAcquisitionRelatedCosts - USD 1 Quarter
Merger related expenses BusinessCombinationAcquisitionRelatedCosts $2.16M USD 2 Qtrs
Merger related expenses BusinessCombinationAcquisitionRelatedCosts $22.00K USD 2 Qtrs
Other operating expense OtherCostAndExpenseOperating $4.58M USD 1 Quarter
Other operating expense OtherCostAndExpenseOperating $10.02M USD 2 Qtrs
Other operating expense OtherCostAndExpenseOperating $8.14M USD 2 Qtrs
Other operating expense OtherCostAndExpenseOperating $5.46M USD 1 Quarter
Total operating expenses OperatingExpenses $116.16M USD 2 Qtrs
Total operating expenses OperatingExpenses $62.93M USD 1 Quarter
Total operating expenses OperatingExpenses $124.24M USD 2 Qtrs
Total operating expenses OperatingExpenses $58.66M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $72.16M USD 2 Qtrs
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $36.88M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $38.42M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $73.43M USD 2 Qtrs
Provision for income taxes IncomeTaxExpenseBenefit $16.91M USD 2 Qtrs
Provision for income taxes IncomeTaxExpenseBenefit $8.94M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $9.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $17.65M USD 2 Qtrs
Net income ProfitLoss $55.78M USD 2 Qtrs
Net income ProfitLoss $55.24M USD 2 Qtrs
Net income ProfitLoss $27.88M USD 1 Quarter
Net income ProfitLoss $29.48M USD 1 Quarter
Net income attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest $101.00K USD 2 Qtrs
Net income attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest $85.00K USD 1 Quarter
Net income attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest $522.00K USD 2 Qtrs
Net income attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest $522.00K USD 1 Quarter
Net income attributable to OceanFirst Financial Corp. NetIncomeLoss $54.72M USD 2 Qtrs
Net income attributable to OceanFirst Financial Corp. NetIncomeLoss $55.68M USD 2 Qtrs
Net income attributable to OceanFirst Financial Corp. NetIncomeLoss $28.96M USD 1 Quarter
Net income attributable to OceanFirst Financial Corp. NetIncomeLoss $27.80M 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 $2.01M USD 2 Qtrs
Dividends on preferred shares PreferredStockDividendsAndOtherAdjustments $2.01M USD 2 Qtrs
Net income available to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $52.71M USD 2 Qtrs
Net income available to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $27.96M USD 1 Quarter
Net income available to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $26.79M USD 1 Quarter
Net income available to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $53.67M USD 2 Qtrs
Net income available to common stockholders NetIncomeLossAvailableToCommonStockholdersDiluted $52.71M USD 2 Qtrs
Net income available to common stockholders NetIncomeLossAvailableToCommonStockholdersDiluted $53.67M USD 2 Qtrs
Net income available to common stockholders NetIncomeLossAvailableToCommonStockholdersDiluted $27.96M USD 1 Quarter
Net income available to common stockholders NetIncomeLossAvailableToCommonStockholdersDiluted $26.79M 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 $0.91 USD 2 Qtrs
Basic earnings per share (in dollars per share) EarningsPerShareBasic $0.45 USD 1 Quarter
Basic earnings per share (in dollars per share) EarningsPerShareBasic $0.90 USD 2 Qtrs
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $0.89 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 $0.91 USD 2 Qtrs
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $0.45 USD 1 Quarter
Average basic shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 59.15M shares 1 Quarter
Average basic shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 58.89M shares 1 Quarter
Average basic shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 58.99M shares 2 Qtrs
Average basic shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 58.82M shares 2 Qtrs
Average diluted shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 59.04M shares 2 Qtrs
Average diluted shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 58.99M shares 1 Quarter
Average diluted shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 58.98M shares 2 Qtrs
Average diluted shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 59.15M shares 1 Quarter
Cash Flow Statement 182 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $55.78M USD 2 Qtrs
Net income ProfitLoss $55.24M USD 2 Qtrs
Net income ProfitLoss $27.88M USD 1 Quarter
Net income ProfitLoss $29.48M USD 1 Quarter
Depreciation and amortization of premises and equipment DepreciationDepletionAndAmortization $5.63M USD 2 Qtrs
Depreciation and amortization of premises and equipment DepreciationDepletionAndAmortization $6.08M USD 2 Qtrs
Allocation of ESOP stock EmployeeBenefitsAndShareBasedCompensation $1.25M USD 2 Qtrs
Allocation of ESOP stock EmployeeBenefitsAndShareBasedCompensation $1.13M USD 2 Qtrs
Stock compensation ShareBasedCompensation $3.40M USD 2 Qtrs
Stock compensation ShareBasedCompensation $3.34M USD 2 Qtrs
Net excess tax expense on stock compensation TaxExpenseBenefitFromSharedBasedCompensation $-244.00K USD 2 Qtrs
Net excess tax expense on stock compensation TaxExpenseBenefitFromSharedBasedCompensation $-217.00K USD 2 Qtrs
Amortization of servicing asset ServicingAssetAtAmortizedValueAmortization1 $12.00K USD 2 Qtrs
Amortization of servicing asset ServicingAssetAtAmortizedValueAmortization1 $20.00K USD 2 Qtrs
Net premium amortization in excess of discount accretion on securities AccretionAmortizationOfDiscountsAndPremiumsInvestments $-2.01M 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 $297.00K USD 2 Qtrs
Net amortization of deferred costs on borrowings AmortizationOfFinancingCostsAndDiscounts $276.00K USD 2 Qtrs
Amortization of core deposit intangible AmortizationOfDeferredCharges $2.02M USD 2 Qtrs
Amortization of core deposit intangible AmortizationOfDeferredCharges $2.39M USD 2 Qtrs
Amortization of core deposit intangible AmortizationOfDeferredCharges $994.00K USD 1 Quarter
Amortization of core deposit intangible AmortizationOfDeferredCharges $1.18M USD 1 Quarter
Net accretion of purchase accounting adjustments BusinessAcquisitionsPurchasePriceAllocationYearOfAcquisitionNetEffectOnIncome $5.38M USD 2 Qtrs
Net accretion of purchase accounting adjustments BusinessAcquisitionsPurchasePriceAllocationYearOfAcquisitionNetEffectOnIncome $2.45M USD 2 Qtrs
Net amortization of deferred fees/costs and premiums/discounts on loans NetAccretionAmortizationOfDeferredFeesAndDiscountsOnLoans $818.00K USD 2 Qtrs
Net amortization of deferred fees/costs and premiums/discounts on loans NetAccretionAmortizationOfDeferredFeesAndDiscountsOnLoans $-414.00K USD 2 Qtrs
Provision for credit losses ProvisionForLoanLeaseAndOtherLosses $4.24M USD 2 Qtrs
Provision for credit losses ProvisionForLoanLeaseAndOtherLosses $1.23M USD 1 Quarter
Provision for credit losses ProvisionForLoanLeaseAndOtherLosses $1.25M USD 1 Quarter
Provision for credit losses ProvisionForLoanLeaseAndOtherLosses $3.10M USD 2 Qtrs
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 $459.00K USD 2 Qtrs
Net write down of fixed assets held-for-sale to net realizable value ImpairmentOfLongLivedAssetsToBeDisposedOf $1.40M USD 2 Qtrs
Net gain on sale of fixed assets GainLossOnSaleOfPropertyPlantEquipment $63.00K USD 2 Qtrs
Net gain on sale of fixed assets GainLossOnSaleOfPropertyPlantEquipment $26.00K USD 2 Qtrs
Net loss on sales of available-for-sale securities GainLossOnSaleOfInvestments $-697.00K USD 2 Qtrs
Net loss on sales of available-for-sale securities GainLossOnSaleOfInvestments - USD 2 Qtrs
Net loss on equity investments MarketableSecuritiesUnrealizedGainLoss $-559.00K USD 1 Quarter
Net loss on equity investments MarketableSecuritiesUnrealizedGainLoss $-7.36M USD 2 Qtrs
Net loss on equity investments MarketableSecuritiesUnrealizedGainLoss $-10.86M USD 2 Qtrs
Net loss on equity investments MarketableSecuritiesUnrealizedGainLoss $-8.08M USD 1 Quarter
Net gain on sales of loans GainLossOnSalesOfLoansNet $180.00K USD 2 Qtrs
Net gain on sales of loans GainLossOnSalesOfLoansNet $53.00K USD 2 Qtrs
Proceeds from sales of residential loans held for sale ProceedsFromSaleOfMortgageLoansHeldForSale $727.00K USD 2 Qtrs
Proceeds from sales of residential loans held for sale ProceedsFromSaleOfMortgageLoansHeldForSale $22.58M USD 2 Qtrs
Residential loans originated for sale PaymentsForOriginationOfMortgageLoansHeldForSale $26.04M USD 2 Qtrs
Residential loans originated for sale PaymentsForOriginationOfMortgageLoansHeldForSale $703.00K USD 2 Qtrs
Increase in value of bank owned life insurance BankOwnedLifeInsuranceIncome $1.42M USD 1 Quarter
Increase in value of bank owned life insurance BankOwnedLifeInsuranceIncome $1.18M USD 1 Quarter
Increase in value of bank owned life insurance BankOwnedLifeInsuranceIncome $2.46M USD 2 Qtrs
Increase in value of bank owned life insurance BankOwnedLifeInsuranceIncome $3.52M USD 2 Qtrs
Net loss (gain) on sale of assets held for sale GainLossOnSaleOfAssetsHeldForSale $1.39M USD 2 Qtrs
Net loss (gain) on sale of assets held for sale GainLossOnSaleOfAssetsHeldForSale $-44.00K USD 2 Qtrs
Increase in interest and dividends receivable IncreaseDecreaseInInterestAndDividendsReceivable $3.23M USD 2 Qtrs
Increase in interest and dividends receivable IncreaseDecreaseInInterestAndDividendsReceivable $1.58M USD 2 Qtrs
Deferred tax benefit DeferredIncomeTaxExpenseBenefit $-47.00K USD 2 Qtrs
Deferred tax benefit DeferredIncomeTaxExpenseBenefit $-33.00K USD 2 Qtrs
Decrease (increase) in other assets IncreaseDecreaseInOtherOperatingAssets $-6.42M USD 2 Qtrs
Decrease (increase) in other assets IncreaseDecreaseInOtherOperatingAssets $55.49M USD 2 Qtrs
Increase in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $106.08M USD 2 Qtrs
Increase in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $18.64M USD 2 Qtrs
Total adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $71.05M USD 2 Qtrs
Total adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $40.48M USD 2 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $126.30M USD 2 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $96.26M USD 2 Qtrs
Net increase in loans receivable NetIncreaseDecreaseInLoanReceivable $-163.71M USD 2 Qtrs
Net increase in loans receivable NetIncreaseDecreaseInLoanReceivable $-646.43M USD 2 Qtrs
Proceeds from sale of loans ProceedsFromSaleOfHighRiskLoans - USD 2 Qtrs
Proceeds from sale of loans ProceedsFromSaleOfHighRiskLoans $12.17M USD 2 Qtrs
Purchase of residential loan pool PaymentsToAcquireLoansReceivable $161.70M USD 2 Qtrs
Purchase of residential loan pool PaymentsToAcquireLoansReceivable - 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 $4.29M USD 2 Qtrs
Purchase of debt securities available-for-sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $63.57M USD 2 Qtrs
Purchase of debt securities held-to-maturity PaymentsToAcquireOtherHeldToMaturitySecurities $25.20M USD 2 Qtrs
Purchase of debt securities held-to-maturity PaymentsToAcquireOtherHeldToMaturitySecurities $63.66M USD 2 Qtrs
Purchase of equity investments PaymentsToAcquireEquityMethodInvestments $3.30M USD 2 Qtrs
Purchase of equity investments PaymentsToAcquireEquityMethodInvestments $7.17M 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 $15.80M USD 2 Qtrs
Proceeds from maturities and calls of debt securities held-to-maturity ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities $17.70M USD 2 Qtrs
Proceeds from maturities and calls of debt securities held-to-maturity ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities $11.46M 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 $1.30M USD 2 Qtrs
Proceeds from sale of equity investments ProceedsFromSaleOfEquityMethodInvestments $4.82M USD 2 Qtrs
Proceeds from sale of equity investments ProceedsFromSaleOfEquityMethodInvestments $17.73M USD 2 Qtrs
Principal repayments on debt securities held-to-maturity PrincipalRepaymentsOnDebtInvestmentSecuritiesHeldToMaturity $51.01M USD 2 Qtrs
Principal repayments on debt securities held-to-maturity PrincipalRepaymentsOnDebtInvestmentSecuritiesHeldToMaturity $77.51M USD 2 Qtrs
Proceeds from bank owned life insurance ProceedsFromLifeInsurancePolicies $2.50M USD 2 Qtrs
Proceeds from bank owned life insurance ProceedsFromLifeInsurancePolicies $230.00K 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 $105.43M USD 2 Qtrs
Purchases of restricted equity investments PaymentsToAcquireFederalHomeLoanBankStock $132.40M USD 2 Qtrs
Purchases of restricted equity investments PaymentsToAcquireFederalHomeLoanBankStock $101.45M 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 $328.00K USD 2 Qtrs
Proceeds from sales of assets held-for-sale ProceedsFromSaleOfPropertyHeldForSale $6.10M USD 2 Qtrs
Purchases of premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $4.72M USD 2 Qtrs
Purchases of premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $11.74M USD 2 Qtrs
Net cash consideration received for acquisition CashAcquiredFromAcquisition - USD 2 Qtrs
Net cash consideration received for acquisition CashAcquiredFromAcquisition $38.61M USD 2 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-673.80M USD 2 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-154.62M USD 2 Qtrs
Increase in deposits IncreaseDecreaseInDeposits $99.07M USD 2 Qtrs
Increase in deposits IncreaseDecreaseInDeposits $483.29M USD 2 Qtrs
Increase (decrease) in short-term borrowings ProceedsFromRepaymentsOfShortTermDebt $-13.27M USD 2 Qtrs
Increase (decrease) in short-term borrowings ProceedsFromRepaymentsOfShortTermDebt $5.30M USD 2 Qtrs
Net proceeds from FHLB advances NetProceedsFromFHLBankBorrowingsFinancingActivities $488.75M USD 2 Qtrs
Net proceeds from FHLB advances NetProceedsFromFHLBankBorrowingsFinancingActivities $-119.50M USD 2 Qtrs
Repayments of other borrowings RepaymentsOfOtherDebt - 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 $6.43M USD 2 Qtrs
Exercise of stock options ProceedsFromStockOptionsExercised $593.00K USD 2 Qtrs
Exercise of stock options ProceedsFromStockOptionsExercised $251.00K USD 2 Qtrs
Payment of employee taxes withheld from stock awards and phantom stock units PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.47M USD 2 Qtrs
Payment of employee taxes withheld from stock awards and phantom stock units PaymentsRelatedToTaxWithholdingForShareBasedCompensation $2.35M USD 2 Qtrs
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock - USD 2 Qtrs
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $7.40M USD 2 Qtrs
Dividends paid PaymentsOfDividendsCommonStock $22.02M USD 2 Qtrs
Dividends paid PaymentsOfDividendsCommonStock $25.60M USD 2 Qtrs
Distributions to non-controlling interest PaymentsToMinorityShareholders $55.00K USD 2 Qtrs
Distributions to non-controlling interest PaymentsToMinorityShareholders $406.00K USD 2 Qtrs
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $511.78M USD 2 Qtrs
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $348.12M USD 2 Qtrs
Net increase (decrease) in cash and due from banks and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-35.73M USD 2 Qtrs
Net increase (decrease) in cash and due from banks and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $289.76M USD 2 Qtrs
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 $457.75M USD Point-in-time
Cash and due from banks and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $167.99M 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 $189.02M USD Point-in-time
Cash and due from banks at beginning of period CashAndDueFromBanks $457.75M USD Point-in-time
Cash and due from banks at beginning of period CashAndDueFromBanks $167.95M USD Point-in-time
Cash and due from banks at beginning of period CashAndDueFromBanks $204.95M 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 $40.00K USD Point-in-time
Restricted cash at beginning of period RestrictedCash - USD Point-in-time
Cash and due from banks at end of period CashAndDueFromBanks $189.02M USD Point-in-time
Cash and due from banks at end of period CashAndDueFromBanks $457.75M USD Point-in-time
Cash and due from banks at end of period CashAndDueFromBanks $167.95M USD Point-in-time
Cash and due from banks at end of period CashAndDueFromBanks $204.95M 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 $40.00K USD Point-in-time
Restricted cash at end of period RestrictedCash - 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 $457.75M USD Point-in-time
Cash and due from banks and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $167.99M 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 $86.29M USD 2 Qtrs
Income taxes IncomeTaxesPaid $20.08M USD 2 Qtrs
Income taxes IncomeTaxesPaid $3.63M USD 2 Qtrs
Accretion of unrealized loss on securities reclassified to held-to-maturity AccretionOfUnrealizedLossOnSecuritiesReclassifiedToHeldToMaturity $304.00K USD 2 Qtrs
Accretion of unrealized loss on securities reclassified to held-to-maturity AccretionOfUnrealizedLossOnSecuritiesReclassifiedToHeldToMaturity $272.00K USD 2 Qtrs
Net loan charge-offs (recoveries) NetLoanChargeOffsRecoveries $-83.00K USD 2 Qtrs
Net loan charge-offs (recoveries) NetLoanChargeOffsRecoveries $123.00K 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 $1.30M USD 2 Qtrs
Transfer of premises and equipment to assets held-for-sale TransferOfPremisesAndEquipmentToAssetsHeldForSale $2.78M USD 2 Qtrs
Other current assets NoncashOrPartNoncashAcquisitionOtherCurrentAssetsAcquired $238.00K USD 2 Qtrs
Other current assets NoncashOrPartNoncashAcquisitionOtherCurrentAssetsAcquired - USD 2 Qtrs
Premises and equipment NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 $18.00K USD 2 Qtrs
Premises and equipment NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 - 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 $81.00K USD 2 Qtrs
Other assets NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1 - 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 $779.00K USD 2 Qtrs
Lease liability NoncashOrPartNoncashAcquisitionLeaseLiabilityAssumed - USD 2 Qtrs
Other liabilities NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1 - USD 2 Qtrs
Other liabilities NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1 $43.94M USD 2 Qtrs
Total liabilities assumed NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1 $44.72M USD 2 Qtrs
Total liabilities assumed NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1 - USD 2 Qtrs
Stockholders Equity 54 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 $0.34 USD 2 Qtrs
Cash dividend per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.40 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
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.52B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.63B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.52B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.61B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.59B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.52B USD Point-in-time
Net income ProfitLoss $55.78M USD 2 Qtrs
Net income ProfitLoss $55.24M USD 2 Qtrs
Net income ProfitLoss $27.88M USD 1 Quarter
Net income ProfitLoss $29.48M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-13.92M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-1.03M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-26.27M USD 2 Qtrs
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $5.63M USD 2 Qtrs
Stock compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $3.40M USD 2 Qtrs
Stock compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $3.34M USD 2 Qtrs
Stock compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.51M USD 1 Quarter
Stock compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.85M USD 1 Quarter
Allocation of ESOP stock AmortizationOfESOPAward $1.25M USD 2 Qtrs
Allocation of ESOP stock AmortizationOfESOPAward $576.00K USD 1 Quarter
Allocation of ESOP stock AmortizationOfESOPAward $466.00K USD 1 Quarter
Allocation of ESOP stock AmortizationOfESOPAward $1.13M USD 2 Qtrs
Cash dividend DividendsCommonStockCash $23.59M USD 2 Qtrs
Cash dividend DividendsCommonStockCash $20.02M USD 2 Qtrs
Cash dividend DividendsCommonStockCash $10.02M USD 1 Quarter
Cash dividend DividendsCommonStockCash $11.84M USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $593.00K USD 2 Qtrs
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $-15.00K USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $251.00K USD 2 Qtrs
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $-38.00K USD 1 Quarter
Repurchase shares of common stock TreasuryStockValueAcquiredCostMethod $7.40M USD 2 Qtrs
Repurchase shares of common stock TreasuryStockValueAcquiredCostMethod $5.25M USD 1 Quarter
Preferred stock dividend DividendsPreferredStock $1.00M USD 1 Quarter
Preferred stock dividend DividendsPreferredStock $1.00M USD 1 Quarter
Preferred stock dividend DividendsPreferredStock $2.01M USD 2 Qtrs
Preferred stock dividend DividendsPreferredStock $2.01M USD 2 Qtrs
Acquisition of Trident Abstract Title Agency, LLC (Trident) StockIssuedDuringPeriodValueAcquisitions $836.00K USD 1 Quarter
Acquisition of Trident Abstract Title Agency, LLC (Trident) StockIssuedDuringPeriodValueAcquisitions $836.00K USD 2 Qtrs
Distributions to non-controlling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $55.00K USD 2 Qtrs
Distributions to non-controlling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $406.00K USD 2 Qtrs
Distributions to non-controlling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $406.00K USD 1 Quarter
Distributions to non-controlling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $55.00K USD 1 Quarter
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.52B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.63B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.52B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.61B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.59B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.52B USD Point-in-time
Comprehensive Income 58 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $55.78M USD 2 Qtrs
Unrealized holding gain (loss), before adjustment, tax expense (benefit) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $92.00K USD 1 Quarter
Unrealized holding gain (loss), before adjustment, tax expense (benefit) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-8.39M USD 2 Qtrs
Net income ProfitLoss $55.24M USD 2 Qtrs
Net income ProfitLoss $27.88M USD 1 Quarter
Net income ProfitLoss $29.48M USD 1 Quarter
Unrealized holding gain (loss), before adjustment, tax expense (benefit) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-4.46M USD 1 Quarter
Unrealized holding gain (loss), before adjustment, tax expense (benefit) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $1.86M USD 2 Qtrs
Accretion of unrealized loss on debt securities, tax expense OtherComprehensiveIncomeAccretionOfFairValueAdjustmentOnHeldToMaturitySecuritiesTax $54.00K USD 1 Quarter
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 $110.00K USD 2 Qtrs
Accretion of unrealized loss on debt securities, tax expense OtherComprehensiveIncomeAccretionOfFairValueAdjustmentOnHeldToMaturitySecuritiesTax $126.00K USD 2 Qtrs
Net unrealized gain (loss) on debt securities (net of tax expense of $92 and $1,858 in 2023 and tax benefit of $4,460 and $8,388 in 2022, respectively) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $282.00K USD 1 Quarter
Net unrealized gain (loss) on debt securities (net of tax expense of $92 and $1,858 in 2023 and tax benefit of $4,460 and $8,388 in 2022, respectively) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-14.00M USD 1 Quarter
Other comprehensive income (loss), cash flow hedge, gain (loss), after reclassification, tax benefit OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax $-375.00K USD 2 Qtrs
Net unrealized gain (loss) on debt securities (net of tax expense of $92 and $1,858 in 2023 and tax benefit of $4,460 and $8,388 in 2022, respectively) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $5.83M USD 2 Qtrs
Other comprehensive income (loss), cash flow hedge, gain (loss), after reclassification, tax benefit OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax $-506.00K USD 1 Quarter
Net unrealized gain (loss) on debt securities (net of tax expense of $92 and $1,858 in 2023 and tax benefit of $4,460 and $8,388 in 2022, respectively) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-26.37M USD 2 Qtrs
Accretion of unrealized loss on debt securities reclassified to held-to-maturity (net of tax expense of $54 and $110 in 2023 and tax expense of $61 and $126 in 2022, respectively) OtherComprehensiveIncomeLossTransfersFromHeldToMaturityToAvailableForSaleSecuritiesNetOfTax $82.00K USD 1 Quarter
Reclassification adjustment from AOCI for sale of securities, tax expense (benefit) OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax $-26.00K USD 2 Qtrs
Reclassification adjustment from AOCI for sale of securities, tax expense (benefit) OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax $262.00K USD 2 Qtrs
Accretion of unrealized loss on debt securities reclassified to held-to-maturity (net of tax expense of $54 and $110 in 2023 and tax expense of $61 and $126 in 2022, respectively) OtherComprehensiveIncomeLossTransfersFromHeldToMaturityToAvailableForSaleSecuritiesNetOfTax $89.00K USD 1 Quarter
Reclassification adjustment from AOCI for sale of securities, tax expense (benefit) OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax $61.00K USD 1 Quarter
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 $54 and $110 in 2023 and tax expense of $61 and $126 in 2022, respectively) OtherComprehensiveIncomeLossTransfersFromHeldToMaturityToAvailableForSaleSecuritiesNetOfTax $161.00K USD 2 Qtrs
Accretion of unrealized loss on debt securities reclassified to held-to-maturity (net of tax expense of $54 and $110 in 2023 and tax expense of $61 and $126 in 2022, respectively) OtherComprehensiveIncomeLossTransfersFromHeldToMaturityToAvailableForSaleSecuritiesNetOfTax $178.00K USD 2 Qtrs
Unrealized loss on derivative hedges (net of tax benefit of $506 and $375 in 2023) OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax - USD 1 Quarter
Unrealized loss on derivative hedges (net of tax benefit of $506 and $375 in 2023) OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax - USD 2 Qtrs
Unrealized loss on derivative hedges (net of tax benefit of $506 and $375 in 2023) OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $-1.18M USD 2 Qtrs
Unrealized loss on derivative hedges (net of tax benefit of $506 and $375 in 2023) OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $-1.59M USD 1 Quarter
Reclassification adjustment for losses (gains) included in net income (net of tax expense of $61 and $262 in 2023 and benefit of $5 and $26 in 2022, respectively) OciDebtSecuritiesAvailableForSaleTransferToHeldToMaturityAdjustmentFromAociForAmortizationOfGainLossAfterTax $16.00K USD 1 Quarter
Reclassification adjustment for losses (gains) included in net income (net of tax expense of $61 and $262 in 2023 and benefit of $5 and $26 in 2022, respectively) OciDebtSecuritiesAvailableForSaleTransferToHeldToMaturityAdjustmentFromAociForAmortizationOfGainLossAfterTax $82.00K USD 2 Qtrs
Reclassification adjustment for losses (gains) included in net income (net of tax expense of $61 and $262 in 2023 and benefit of $5 and $26 in 2022, respectively) OciDebtSecuritiesAvailableForSaleTransferToHeldToMaturityAdjustmentFromAociForAmortizationOfGainLossAfterTax $-820.00K USD 2 Qtrs
Reclassification adjustment for losses (gains) included in net income (net of tax expense of $61 and $262 in 2023 and benefit of $5 and $26 in 2022, respectively) OciDebtSecuritiesAvailableForSaleTransferToHeldToMaturityAdjustmentFromAociForAmortizationOfGainLossAfterTax $-191.00K USD 1 Quarter
Total other comprehensive (loss) income, net of tax OtherComprehensiveIncomeLossNetOfTax $-13.92M USD 1 Quarter
Total other comprehensive (loss) income, net of tax OtherComprehensiveIncomeLossNetOfTax $-1.03M USD 1 Quarter
Total other comprehensive (loss) income, net of tax OtherComprehensiveIncomeLossNetOfTax $-26.27M USD 2 Qtrs
Total other comprehensive (loss) income, net of tax OtherComprehensiveIncomeLossNetOfTax $5.63M 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 $26.85M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $61.41M USD 2 Qtrs
Less: comprehensive income attributable to non-controlling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $522.00K USD 1 Quarter
Less: comprehensive income attributable to non-controlling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $101.00K USD 2 Qtrs
Less: comprehensive income attributable to non-controlling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $85.00K USD 1 Quarter
Less: comprehensive income attributable to non-controlling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $522.00K USD 2 Qtrs
Comprehensive income attributable to OceanFirst Financial Corp. ComprehensiveIncomeNetOfTax $15.04M USD 1 Quarter
Comprehensive income attributable to OceanFirst Financial Corp. ComprehensiveIncomeNetOfTax $26.76M USD 1 Quarter
Comprehensive income attributable to OceanFirst Financial Corp. ComprehensiveIncomeNetOfTax $61.31M USD 2 Qtrs
Comprehensive income attributable to OceanFirst Financial Corp. ComprehensiveIncomeNetOfTax $28.45M 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
Less: Dividends on preferred shares PreferredStockDividendsAndOtherAdjustments $2.01M USD 2 Qtrs
Less: Dividends on preferred shares PreferredStockDividendsAndOtherAdjustments $2.01M USD 2 Qtrs
Total comprehensive income available to common stockholders ComprehensiveIncomeLossAvailableForCommonStockholders $26.44M USD 2 Qtrs
Total comprehensive income available to common stockholders ComprehensiveIncomeLossAvailableForCommonStockholders $14.03M USD 1 Quarter
Total comprehensive income available to common stockholders ComprehensiveIncomeLossAvailableForCommonStockholders $59.31M USD 2 Qtrs
Total comprehensive income available to common stockholders ComprehensiveIncomeLossAvailableForCommonStockholders $25.76M USD 1 Quarter

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

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