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10-Q Filing

OCEANFIRST FINANCIAL CORP CIK: 1004702 Q3 2023
Filing Information
Form Type 10-Q
Accession Number 0001004702-23-000162
Period End Date 20230930
Filing Date 20231107
Fiscal Year 2023
Fiscal Period Q3
XBRL Instance ocfc-20230930_htm.xml
Balance Sheet 104 line items
Line Item Tag Value Unit Period
Allowance for credit losses DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest $1.13M USD Point-in-time
Allowance for credit losses DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest $1.23M USD Point-in-time
Allowance for credit losses DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest $932.00K USD Point-in-time
Allowance for credit losses DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest $1.47M USD Point-in-time
Allowance for credit losses DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest $964.00K USD Point-in-time
Allowance for credit losses DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest $1.29M USD Point-in-time
Cash and due from banks CashAndDueFromBanks $170.67M USD Point-in-time
Securities held-to-maturity, fair value HeldToMaturitySecuritiesFairValue $1.05B USD Point-in-time
Cash and due from banks CashAndDueFromBanks $204.95M USD Point-in-time
Cash and due from banks CashAndDueFromBanks $408.88M USD Point-in-time
Securities held-to-maturity, fair value HeldToMaturitySecuritiesFairValue $1.11B USD Point-in-time
Cash and due from banks CashAndDueFromBanks $167.95M USD Point-in-time
Debt securities available-for-sale, at estimated fair value DebtSecuritiesAvailableForSaleExcludingAccruedInterest $453.21M 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
Debt securities available-for-sale, at estimated fair value DebtSecuritiesAvailableForSaleExcludingAccruedInterest $457.65M USD Point-in-time
Allowance for loan credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $63.88M USD Point-in-time
Allowance for loan credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $56.82M USD Point-in-time
Allowance for loan credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $52.06M USD Point-in-time
Allowance for loan credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $53.52M 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 $932 at September 30, 2023 and $1,128 at December 31, 2022 (estimated fair value of $1,047,342 at September 30, 2023 and $1,110,041 at December 31, 2022) DebtSecuritiesHeldToMaturityExcludingAccruedInterestAfterAllowanceForCreditLoss $1.19B USD Point-in-time
Debt securities held-to-maturity, net of allowance for securities credit losses of $932 at September 30, 2023 and $1,128 at December 31, 2022 (estimated fair value of $1,047,342 at September 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 $102.04M USD Point-in-time
Equity investments EquityInvestments $97.91M USD 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 authorized (in shares) PreferredStockSharesAuthorized 5.00M shares Point-in-time
Restricted equity investments, at cost FederalHomeLoanBankStock $82.48M USD Point-in-time
Loans receivable, net of allowance for loan credit losses of $63,877 at September 30, 2023 and $56,824 at December 31, 2022 FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss $10.07B USD Point-in-time
Preferred stock, shares issued (in shares) PreferredStockSharesIssued 57,370.00 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 $63,877 at September 30, 2023 and $56,824 at December 31, 2022 FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss $9.87B 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
Loans held-for-sale MortgagesHeldForSaleCarryingValue - USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 150.00M shares Point-in-time
Interest and dividends receivable InterestReceivable $50.03M 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
Premises and equipment, net PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization $122.65M 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
Bank owned life insurance BankOwnedLifeInsurance $261.60M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 59.42M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 59.14M shares Point-in-time
Bank owned life insurance BankOwnedLifeInsurance $265.07M USD Point-in-time
Treasury stock, shares (in shares) TreasuryStockCommonShares 2.74M shares Point-in-time
Treasury stock, shares (in shares) TreasuryStockCommonShares 2.73M shares Point-in-time
Assets held for sale AssetsHeldForSaleNotPartOfDisposalGroup $2.72M USD Point-in-time
Assets held for sale AssetsHeldForSaleNotPartOfDisposalGroup $3.00M USD Point-in-time
Goodwill Goodwill $506.15M USD Point-in-time
Goodwill Goodwill $506.15M USD Point-in-time
Core deposit intangible IntangibleAssetsNetExcludingGoodwill $13.50M USD Point-in-time
Core deposit intangible IntangibleAssetsNetExcludingGoodwill $10.49M USD Point-in-time
Other assets OtherAssets $240.82M USD Point-in-time
Other assets OtherAssets $221.07M USD Point-in-time
Total assets Assets $13.50B USD Point-in-time
Total assets Assets $13.10B USD Point-in-time
Deposits Deposits $9.68B USD Point-in-time
Deposits Deposits $10.53B USD Point-in-time
Federal Home Loan Bank (FHLB) advances AdvancesFromFederalHomeLoanBanks $606.06M 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 $69.10M USD Point-in-time
Securities sold under agreements to repurchase with customers SecuritiesSoldUnderAgreementsToRepurchase $82.98M USD Point-in-time
Other borrowings OtherBorrowings $196.18M USD Point-in-time
Other borrowings OtherBorrowings $195.40M USD Point-in-time
Advances by borrowers for taxes and insurance AdvancePaymentsByBorrowersForTaxesAndInsurance $29.70M USD Point-in-time
Advances by borrowers for taxes and insurance AdvancePaymentsByBorrowersForTaxesAndInsurance $21.41M USD Point-in-time
Other liabilities OtherLiabilities $411.73M USD Point-in-time
Other liabilities OtherLiabilities $346.15M USD Point-in-time
Total liabilities Liabilities $11.52B USD Point-in-time
Total liabilities Liabilities $11.86B 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, 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 September 30, 2023 and December 31, 2022 PreferredStockValue $1.00K USD Point-in-time
Common stock, $0.01 par value, 150,000,000 shares authorized, 62,156,581 and 61,877,686 shares issued at September 30, 2023 and December 31, 2022, respectively; and 59,421,498 and 59,144,128 shares outstanding at September 30, 2023 and December 31, 2022, respectively CommonStockValue $612.00K USD Point-in-time
Common stock, $0.01 par value, 150,000,000 shares authorized, 62,156,581 and 61,877,686 shares issued at September 30, 2023 and December 31, 2022, respectively; and 59,421,498 and 59,144,128 shares outstanding at September 30, 2023 and December 31, 2022, respectively CommonStockValue $613.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $1.16B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $1.15B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $540.51M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $577.71M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-35.98M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-28.81M USD Point-in-time
Less: Unallocated common stock held by Employee Stock Ownership Plan ("ESOP") CommonStockIssuedEmployeeTrustDeferred $6.19M USD Point-in-time
Less: Unallocated common stock held by Employee Stock Ownership Plan ("ESOP") CommonStockIssuedEmployeeTrustDeferred $4.38M USD Point-in-time
Treasury stock, 2,735,083 and 2,733,558 shares at September 30, 2023 and December 31, 2022 TreasuryStockCommonValue $69.11M USD Point-in-time
Treasury stock, 2,735,083 and 2,733,558 shares at September 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 $1.64B USD Point-in-time
Non-controlling interest MinorityInterest $802.00K USD Point-in-time
Non-controlling interest MinorityInterest $713.00K USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.63B USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.54B 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 stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.64B USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.52B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $13.10B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $13.50B USD Point-in-time
Income Statement 172 line items
Line Item Tag Value Unit Period
Loans InterestAndFeeIncomeLoansAndLeases $133.93M USD 1 Quarter
Loans InterestAndFeeIncomeLoansAndLeases $100.14M USD 1 Quarter
Loans InterestAndFeeIncomeLoansAndLeases $384.75M USD 3 Qtrs
Loans InterestAndFeeIncomeLoansAndLeases $273.34M USD 3 Qtrs
Debt securities InterestIncomeDebtSecuritiesOperating $43.83M USD 3 Qtrs
Debt securities InterestIncomeDebtSecuritiesOperating $15.22M USD 1 Quarter
Debt securities InterestIncomeDebtSecuritiesOperating $8.48M USD 1 Quarter
Debt securities InterestIncomeDebtSecuritiesOperating $23.46M USD 3 Qtrs
Equity investments and other InterestAndDividendIncomeSecuritiesOther $18.96M USD 3 Qtrs
Equity investments and other InterestAndDividendIncomeSecuritiesOther $1.88M USD 1 Quarter
Equity investments and other InterestAndDividendIncomeSecuritiesOther $4.10M USD 3 Qtrs
Equity investments and other InterestAndDividendIncomeSecuritiesOther $9.26M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $110.50M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $300.90M USD 3 Qtrs
Total interest income InterestAndDividendIncomeOperating $447.54M USD 3 Qtrs
Total interest income InterestAndDividendIncomeOperating $158.41M USD 1 Quarter
Deposits InterestExpenseDeposits $9.24M USD 1 Quarter
Deposits InterestExpenseDeposits $112.55M USD 3 Qtrs
Deposits InterestExpenseDeposits $17.60M USD 3 Qtrs
Deposits InterestExpenseDeposits $53.29M USD 1 Quarter
Borrowed funds InterestExpenseBorrowings $14.13M USD 1 Quarter
Borrowed funds InterestExpenseBorrowings $12.31M USD 3 Qtrs
Borrowed funds InterestExpenseBorrowings $5.30M USD 1 Quarter
Borrowed funds InterestExpenseBorrowings $53.08M 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 $165.63M USD 3 Qtrs
Total interest expense InterestExpense $67.41M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $91.00M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $281.91M USD 3 Qtrs
Net interest income InterestIncomeExpenseNet $270.99M USD 3 Qtrs
Net interest income InterestIncomeExpenseNet $95.97M USD 1 Quarter
Provision for credit losses ProvisionForLoanLeaseAndOtherLosses $14.53M USD 3 Qtrs
Provision for credit losses ProvisionForLoanLeaseAndOtherLosses $4.12M USD 3 Qtrs
Provision for credit losses ProvisionForLoanLeaseAndOtherLosses $10.28M USD 1 Quarter
Provision for credit losses ProvisionForLoanLeaseAndOtherLosses $1.02M USD 1 Quarter
Net interest income after provision for credit losses InterestIncomeExpenseAfterProvisionForLoanLoss $267.38M USD 3 Qtrs
Net interest income after provision for credit losses InterestIncomeExpenseAfterProvisionForLoanLoss $266.87M USD 3 Qtrs
Net interest income after provision for credit losses InterestIncomeExpenseAfterProvisionForLoanLoss $94.95M USD 1 Quarter
Net interest income after provision for credit losses InterestIncomeExpenseAfterProvisionForLoanLoss $80.71M USD 1 Quarter
Bankcard services revenue CreditAndDebitCardRevenue $4.38M USD 3 Qtrs
Bankcard services revenue CreditAndDebitCardRevenue $1.51M USD 1 Quarter
Bankcard services revenue CreditAndDebitCardRevenue $7.78M USD 3 Qtrs
Bankcard services revenue CreditAndDebitCardRevenue $1.51M USD 1 Quarter
Net gain on sales of loans GainLossOnSaleOfMortgageLoans $168.00K USD 1 Quarter
Net gain on sales of loans GainLossOnSaleOfMortgageLoans $66.00K USD 1 Quarter
Net gain on sales of loans GainLossOnSaleOfMortgageLoans $348.00K USD 3 Qtrs
Net gain on sales of loans GainLossOnSaleOfMortgageLoans $119.00K USD 3 Qtrs
Net gain (loss) on equity investments MarketableSecuritiesUnrealizedGainLoss $1.45M USD 1 Quarter
Net gain (loss) on equity investments MarketableSecuritiesUnrealizedGainLoss $-5.91M USD 3 Qtrs
Net gain (loss) on equity investments MarketableSecuritiesUnrealizedGainLoss $-7.50M USD 3 Qtrs
Net gain (loss) on equity investments MarketableSecuritiesUnrealizedGainLoss $3.36M USD 1 Quarter
Net gain from other real estate operations ProfitLossFromRealEstateOperations $48.00K USD 3 Qtrs
Net gain from other real estate operations ProfitLossFromRealEstateOperations - USD 3 Qtrs
Net gain from other real estate operations ProfitLossFromRealEstateOperations - USD 1 Quarter
Net gain 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 $1.39M USD 1 Quarter
Income from bank owned life insurance BankOwnedLifeInsuranceIncome $3.85M USD 3 Qtrs
Income from bank owned life insurance BankOwnedLifeInsuranceIncome $4.88M USD 3 Qtrs
Commercial loan swap income GainLossOnOilAndGasHedgingActivity $6.55M USD 3 Qtrs
Commercial loan swap income GainLossOnOilAndGasHedgingActivity $1.47M USD 1 Quarter
Commercial loan swap income GainLossOnOilAndGasHedgingActivity $712.00K USD 3 Qtrs
Commercial loan swap income GainLossOnOilAndGasHedgingActivity $11.00K USD 1 Quarter
Other NoninterestIncomeOtherOperatingIncome $396.00K USD 1 Quarter
Other NoninterestIncomeOtherOperatingIncome $748.00K USD 3 Qtrs
Other NoninterestIncomeOtherOperatingIncome $579.00K USD 3 Qtrs
Other NoninterestIncomeOtherOperatingIncome $496.00K USD 1 Quarter
Total other income NoninterestIncome $31.54M USD 3 Qtrs
Total other income NoninterestIncome $10.76M USD 1 Quarter
Total other income NoninterestIncome $21.76M USD 3 Qtrs
Total other income NoninterestIncome $15.15M USD 1 Quarter
Compensation and employee benefits LaborAndRelatedExpense $34.12M USD 1 Quarter
Compensation and employee benefits LaborAndRelatedExpense $35.53M USD 1 Quarter
Compensation and employee benefits LaborAndRelatedExpense $103.68M USD 3 Qtrs
Compensation and employee benefits LaborAndRelatedExpense $97.97M USD 3 Qtrs
Occupancy OccupancyNet $15.97M USD 3 Qtrs
Occupancy OccupancyNet $15.79M USD 3 Qtrs
Occupancy OccupancyNet $5.47M USD 1 Quarter
Occupancy OccupancyNet $5.29M USD 1 Quarter
Equipment EquipmentExpense $3.48M USD 3 Qtrs
Equipment EquipmentExpense $1.17M USD 1 Quarter
Equipment EquipmentExpense $3.86M USD 3 Qtrs
Equipment EquipmentExpense $1.15M USD 1 Quarter
Marketing MarketingExpense $2.24M USD 3 Qtrs
Marketing MarketingExpense $1.18M USD 1 Quarter
Marketing MarketingExpense $655.00K USD 1 Quarter
Marketing MarketingExpense $3.13M USD 3 Qtrs
Federal deposit insurance and regulatory assessments FederalDepositInsuranceCorporationPremiumExpense $2.56M USD 1 Quarter
Federal deposit insurance and regulatory assessments FederalDepositInsuranceCorporationPremiumExpense $6.77M USD 3 Qtrs
Federal deposit insurance and regulatory assessments FederalDepositInsuranceCorporationPremiumExpense $1.76M USD 1 Quarter
Federal deposit insurance and regulatory assessments FederalDepositInsuranceCorporationPremiumExpense $5.43M USD 3 Qtrs
Data processing InformationTechnologyAndDataProcessing $18.41M USD 3 Qtrs
Data processing InformationTechnologyAndDataProcessing $18.47M USD 3 Qtrs
Data processing InformationTechnologyAndDataProcessing $6.56M USD 1 Quarter
Data processing InformationTechnologyAndDataProcessing $6.09M USD 1 Quarter
Check card processing CheckCardProcessing $3.65M USD 3 Qtrs
Check card processing CheckCardProcessing $1.15M USD 1 Quarter
Check card processing CheckCardProcessing $3.73M USD 3 Qtrs
Check card processing CheckCardProcessing $1.23M USD 1 Quarter
Professional fees ProfessionalFees $5.26M USD 1 Quarter
Professional fees ProfessionalFees $8.30M USD 3 Qtrs
Professional fees ProfessionalFees $2.50M USD 1 Quarter
Professional fees ProfessionalFees $15.44M USD 3 Qtrs
Amortization of core deposit intangible AmortizationOfDeferredCharges $987.00K USD 1 Quarter
Amortization of core deposit intangible AmortizationOfDeferredCharges $1.17M USD 1 Quarter
Amortization of core deposit intangible AmortizationOfDeferredCharges $3.01M USD 3 Qtrs
Amortization of core deposit intangible AmortizationOfDeferredCharges $3.56M USD 3 Qtrs
Branch consolidation (benefit) expense, net BranchConsolidationExpenseBenefit $602.00K USD 3 Qtrs
Branch consolidation (benefit) expense, net BranchConsolidationExpenseBenefit $-346.00K USD 1 Quarter
Branch consolidation (benefit) expense, net BranchConsolidationExpenseBenefit - USD 1 Quarter
Branch consolidation (benefit) expense, net BranchConsolidationExpenseBenefit $70.00K USD 3 Qtrs
Merger related expenses BusinessCombinationAcquisitionRelatedCosts - USD 1 Quarter
Merger related expenses BusinessCombinationAcquisitionRelatedCosts $2.46M USD 3 Qtrs
Merger related expenses BusinessCombinationAcquisitionRelatedCosts $298.00K USD 1 Quarter
Merger related expenses BusinessCombinationAcquisitionRelatedCosts $22.00K USD 3 Qtrs
Other operating expense OtherCostAndExpenseOperating $12.75M USD 3 Qtrs
Other operating expense OtherCostAndExpenseOperating $15.11M USD 3 Qtrs
Other operating expense OtherCostAndExpenseOperating $5.09M USD 1 Quarter
Other operating expense OtherCostAndExpenseOperating $4.61M USD 1 Quarter
Total operating expenses OperatingExpenses $175.15M USD 3 Qtrs
Total operating expenses OperatingExpenses $59.00M USD 1 Quarter
Total operating expenses OperatingExpenses $64.48M USD 1 Quarter
Total operating expenses OperatingExpenses $188.72M USD 3 Qtrs
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $100.42M USD 3 Qtrs
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $26.99M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $51.10M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $123.26M USD 3 Qtrs
Provision for income taxes IncomeTaxExpenseBenefit $29.21M USD 3 Qtrs
Provision for income taxes IncomeTaxExpenseBenefit $24.11M USD 3 Qtrs
Provision for income taxes IncomeTaxExpenseBenefit $12.30M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $6.46M USD 1 Quarter
Net income ProfitLoss $38.80M USD 1 Quarter
Net income ProfitLoss $94.05M USD 3 Qtrs
Net income ProfitLoss $20.53M USD 1 Quarter
Net income ProfitLoss $76.31M USD 3 Qtrs
Net (loss) income attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest $-135.00K USD 1 Quarter
Net (loss) income attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest $715.00K USD 3 Qtrs
Net (loss) income attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest $-34.00K USD 3 Qtrs
Net (loss) income attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest $193.00K USD 1 Quarter
Net income attributable to OceanFirst Financial Corp. NetIncomeLoss $93.33M USD 3 Qtrs
Net income attributable to OceanFirst Financial Corp. NetIncomeLoss $76.35M USD 3 Qtrs
Net income attributable to OceanFirst Financial Corp. NetIncomeLoss $38.61M USD 1 Quarter
Net income attributable to OceanFirst Financial Corp. NetIncomeLoss $20.67M USD 1 Quarter
Dividends on preferred shares PreferredStockDividendsAndOtherAdjustments $3.01M USD 3 Qtrs
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 $1.00M USD 1 Quarter
Net income available to common stockholders, basic NetIncomeLossAvailableToCommonStockholdersBasic $37.61M USD 1 Quarter
Net income available to common stockholders, basic NetIncomeLossAvailableToCommonStockholdersBasic $19.66M USD 1 Quarter
Net income available to common stockholders, basic NetIncomeLossAvailableToCommonStockholdersBasic $73.33M USD 3 Qtrs
Net income available to common stockholders, basic NetIncomeLossAvailableToCommonStockholdersBasic $90.32M USD 3 Qtrs
Net income available to common stockholders, diluted NetIncomeLossAvailableToCommonStockholdersDiluted $90.32M USD 3 Qtrs
Net income available to common stockholders, diluted NetIncomeLossAvailableToCommonStockholdersDiluted $73.33M USD 3 Qtrs
Net income available to common stockholders, diluted NetIncomeLossAvailableToCommonStockholdersDiluted $19.66M USD 1 Quarter
Net income available to common stockholders, diluted NetIncomeLossAvailableToCommonStockholdersDiluted $37.61M USD 1 Quarter
Basic earnings per share (in dollars per share) EarningsPerShareBasic $1.54 USD 3 Qtrs
Basic earnings per share (in dollars per share) EarningsPerShareBasic $0.33 USD 1 Quarter
Basic earnings per share (in dollars per share) EarningsPerShareBasic $1.24 USD 3 Qtrs
Basic earnings per share (in dollars per share) EarningsPerShareBasic $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 $1.24 USD 3 Qtrs
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $0.33 USD 1 Quarter
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $0.64 USD 1 Quarter
Average basic shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 59.10M shares 1 Quarter
Average basic shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 58.68M shares 1 Quarter
Average basic shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 58.78M shares 3 Qtrs
Average basic shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 59.04M shares 3 Qtrs
Average diluted shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 59.07M shares 3 Qtrs
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 59.11M shares 1 Quarter
Cash Flow Statement 188 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $38.80M USD 1 Quarter
Net income (loss) ProfitLoss $94.05M USD 3 Qtrs
Net income (loss) ProfitLoss $20.53M USD 1 Quarter
Net income (loss) ProfitLoss $76.31M USD 3 Qtrs
Depreciation and amortization of premises and equipment DepreciationDepletionAndAmortization $9.16M USD 3 Qtrs
Depreciation and amortization of premises and equipment DepreciationDepletionAndAmortization $8.53M USD 3 Qtrs
Allocation of ESOP stock EmployeeBenefitsAndShareBasedCompensation $1.85M USD 3 Qtrs
Allocation of ESOP stock EmployeeBenefitsAndShareBasedCompensation $1.63M USD 3 Qtrs
Stock compensation ShareBasedCompensation $5.02M USD 3 Qtrs
Stock compensation ShareBasedCompensation $4.91M USD 3 Qtrs
Net excess tax expense on stock compensation TaxExpenseBenefitFromSharedBasedCompensation $-215.00K USD 3 Qtrs
Net excess tax expense on stock compensation TaxExpenseBenefitFromSharedBasedCompensation $-243.00K USD 3 Qtrs
Amortization of servicing asset ServicingAssetAtAmortizedValueAmortization1 $54.00K 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 $-3.82M USD 3 Qtrs
Net amortization of deferred costs on borrowings AmortizationOfFinancingCostsAndDiscounts $416.00K USD 3 Qtrs
Net amortization of deferred costs on borrowings AmortizationOfFinancingCostsAndDiscounts $445.00K USD 3 Qtrs
Amortization of core deposit intangible AmortizationOfDeferredCharges $987.00K USD 1 Quarter
Amortization of core deposit intangible AmortizationOfDeferredCharges $1.17M USD 1 Quarter
Amortization of core deposit intangible AmortizationOfDeferredCharges $3.01M USD 3 Qtrs
Amortization of core deposit intangible AmortizationOfDeferredCharges $3.56M USD 3 Qtrs
Net accretion of purchase accounting adjustments BusinessAcquisitionsPurchasePriceAllocationYearOfAcquisitionNetEffectOnIncome $4.22M USD 3 Qtrs
Net accretion of purchase accounting adjustments BusinessAcquisitionsPurchasePriceAllocationYearOfAcquisitionNetEffectOnIncome $7.43M USD 3 Qtrs
Net amortization of deferred fees/costs and premiums/discounts on loans NetAccretionAmortizationOfDeferredFeesAndDiscountsOnLoans $-349.00K USD 3 Qtrs
Net amortization of deferred fees/costs and premiums/discounts on loans NetAccretionAmortizationOfDeferredFeesAndDiscountsOnLoans $940.00K USD 3 Qtrs
Provision for credit losses ProvisionForLoanLeaseAndOtherLosses $14.53M USD 3 Qtrs
Provision for credit losses ProvisionForLoanLeaseAndOtherLosses $4.12M USD 3 Qtrs
Provision for credit losses ProvisionForLoanLeaseAndOtherLosses $10.28M USD 1 Quarter
Provision for credit losses ProvisionForLoanLeaseAndOtherLosses $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 $459.00K USD 3 Qtrs
Net gain on sale of fixed assets GainLossOnSaleOfPropertyPlantEquipment $52.00K USD 3 Qtrs
Net gain on sale of fixed assets GainLossOnSaleOfPropertyPlantEquipment $26.00K USD 3 Qtrs
Net loss on sales of available-for-sale securities GainLossOnSaleOfInvestments - USD 3 Qtrs
Net loss on sales of available-for-sale securities GainLossOnSaleOfInvestments $-697.00K USD 3 Qtrs
Net loss on equity investments MarketableSecuritiesUnrealizedGainLoss $1.45M USD 1 Quarter
Net loss on equity investments MarketableSecuritiesUnrealizedGainLoss $-5.91M USD 3 Qtrs
Net loss on equity investments MarketableSecuritiesUnrealizedGainLoss $-7.50M USD 3 Qtrs
Net loss on equity investments MarketableSecuritiesUnrealizedGainLoss $3.36M USD 1 Quarter
Net gain on sales of loans GainLossOnSalesOfLoansNet $348.00K USD 3 Qtrs
Net gain on sales of loans GainLossOnSalesOfLoansNet $119.00K USD 3 Qtrs
Proceeds from sales of residential loans held for sale ProceedsFromSaleOfMortgageLoansHeldForSale $10.27M USD 3 Qtrs
Proceeds from sales of residential loans held for sale ProceedsFromSaleOfMortgageLoansHeldForSale $38.05M USD 3 Qtrs
Residential loans originated for sale PaymentsForOriginationOfMortgageLoansHeldForSale $37.24M USD 3 Qtrs
Residential loans originated for sale PaymentsForOriginationOfMortgageLoansHeldForSale $13.68M 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 $1.39M USD 1 Quarter
Increase in value of bank owned life insurance BankOwnedLifeInsuranceIncome $3.85M USD 3 Qtrs
Increase in value of bank owned life insurance BankOwnedLifeInsuranceIncome $4.88M USD 3 Qtrs
Net loss (gain) on sale of assets held for sale GainLossOnSaleOfAssetsHeldForSale $1.95M USD 3 Qtrs
Net loss (gain) on sale of assets held for sale GainLossOnSaleOfAssetsHeldForSale $-7.00K USD 3 Qtrs
Increase in interest and dividends receivable IncreaseDecreaseInInterestAndDividendsReceivable $5.78M USD 3 Qtrs
Increase in interest and dividends receivable IncreaseDecreaseInInterestAndDividendsReceivable $5.33M USD 3 Qtrs
Deferred tax benefit DeferredIncomeTaxExpenseBenefit $-66.00K USD 3 Qtrs
Deferred tax benefit DeferredIncomeTaxExpenseBenefit $-93.00K USD 3 Qtrs
Increase in other assets IncreaseDecreaseInOtherOperatingAssets $22.35M USD 3 Qtrs
Increase in other assets IncreaseDecreaseInOtherOperatingAssets $84.58M USD 3 Qtrs
Increase in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $185.93M USD 3 Qtrs
Increase in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $66.02M USD 3 Qtrs
Total adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $74.77M USD 3 Qtrs
Total adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $115.95M USD 3 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $151.08M USD 3 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $210.00M USD 3 Qtrs
Net increase in loans receivable NetIncreaseDecreaseInLoanReceivable $-210.41M USD 3 Qtrs
Net increase in loans receivable NetIncreaseDecreaseInLoanReceivable $-938.91M USD 3 Qtrs
Proceeds from sale of loans ProceedsFromSaleOfHighRiskLoans - USD 3 Qtrs
Proceeds from sale of loans ProceedsFromSaleOfHighRiskLoans $13.39M USD 3 Qtrs
Purchase of residential loan pool PaymentsToAcquireLoansReceivable - USD 3 Qtrs
Purchase of residential loan pool PaymentsToAcquireLoansReceivable $161.70M USD 3 Qtrs
Premiums paid on purchased loan pool PaymentsForPremiumsOnPurchasedLoanPool $495.00K USD 3 Qtrs
Premiums paid on purchased loan pool PaymentsForPremiumsOnPurchasedLoanPool - USD 3 Qtrs
Purchase of debt securities available-for-sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $4.29M USD 3 Qtrs
Purchase of debt securities available-for-sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $64.86M USD 3 Qtrs
Purchase of debt securities held-to-maturity PaymentsToAcquireOtherHeldToMaturitySecurities $26.67M USD 3 Qtrs
Purchase of debt securities held-to-maturity PaymentsToAcquireOtherHeldToMaturitySecurities $65.57M USD 3 Qtrs
Purchase of equity investments PaymentsToAcquireEquityMethodInvestments $5.93M USD 3 Qtrs
Purchase of equity investments PaymentsToAcquireEquityMethodInvestments $7.38M USD 3 Qtrs
Proceeds from maturities and calls of debt securities available-for-sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $16.95M 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 $13.94M 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 $1.30M USD 3 Qtrs
Proceeds from sales of debt securities available-for-sale ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $30.26M USD 3 Qtrs
Proceeds from sale of equity investments ProceedsFromSaleOfEquityMethodInvestments $19.23M USD 3 Qtrs
Proceeds from sale of equity investments ProceedsFromSaleOfEquityMethodInvestments $4.82M USD 3 Qtrs
Principal repayments on debt securities held-to-maturity PrincipalRepaymentsOnDebtInvestmentSecuritiesHeldToMaturity $82.66M USD 3 Qtrs
Principal repayments on debt securities held-to-maturity PrincipalRepaymentsOnDebtInvestmentSecuritiesHeldToMaturity $111.28M USD 3 Qtrs
Proceeds from bank owned life insurance ProceedsFromLifeInsurancePolicies $385.00K USD 3 Qtrs
Proceeds from bank owned life insurance ProceedsFromLifeInsurancePolicies $2.97M USD 3 Qtrs
Proceeds from the redemption of restricted equity investments ProceedsFromSaleOfFederalHomeLoanBankStock $128.54M USD 3 Qtrs
Proceeds from the redemption of restricted equity investments ProceedsFromSaleOfFederalHomeLoanBankStock $164.94M USD 3 Qtrs
Purchases of restricted equity investments PaymentsToAcquireFederalHomeLoanBankStock $101.75M USD 3 Qtrs
Purchases of restricted equity investments PaymentsToAcquireFederalHomeLoanBankStock $189.30M USD 3 Qtrs
Proceeds from sale of other real estate owned ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans $160.00K USD 3 Qtrs
Proceeds from sale of other real estate owned ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans - USD 3 Qtrs
Proceeds from sales of assets held-for-sale ProceedsFromSaleOfPropertyHeldForSale $969.00K USD 3 Qtrs
Proceeds from sales of assets held-for-sale ProceedsFromSaleOfPropertyHeldForSale $7.68M USD 3 Qtrs
Purchases of premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $6.06M USD 3 Qtrs
Purchases of premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $14.36M 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 $38.61M USD 3 Qtrs
Net cash consideration received for acquisition CashAcquiredFromAcquisition - USD 3 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-145.88M USD 3 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-909.18M USD 3 Qtrs
Increase in deposits IncreaseDecreaseInDeposits $858.95M USD 3 Qtrs
Increase in deposits IncreaseDecreaseInDeposits $227.19M USD 3 Qtrs
Increase (decrease) in short-term borrowings ProceedsFromRepaymentsOfShortTermDebt $-22.48M USD 3 Qtrs
Increase (decrease) in short-term borrowings ProceedsFromRepaymentsOfShortTermDebt $13.81M USD 3 Qtrs
Net (repayment) proceeds from FHLB advances NetProceedsFromRepaymentToFHLBBorrowingsFinancingActivities $514.20M USD 3 Qtrs
Net (repayment) proceeds from FHLB advances NetProceedsFromRepaymentToFHLBBorrowingsFinancingActivities $-605.11M USD 3 Qtrs
Repayments of other borrowings RepaymentsOfOtherDebt - 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 $8.29M USD 3 Qtrs
Exercise of stock options ProceedsFromStockOptionsExercised $593.00K USD 3 Qtrs
Exercise of stock options ProceedsFromStockOptionsExercised $346.00K USD 3 Qtrs
Payment of employee taxes withheld from stock awards and phantom stock units PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.47M USD 3 Qtrs
Payment of employee taxes withheld from stock awards and phantom stock units PaymentsRelatedToTaxWithholdingForShareBasedCompensation $2.35M USD 3 Qtrs
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock - USD 3 Qtrs
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $7.40M USD 3 Qtrs
Dividends paid PaymentsOfDividendsCommonStock $34.78M USD 3 Qtrs
Dividends paid PaymentsOfDividendsCommonStock $38.43M USD 3 Qtrs
Distributions to non-controlling interest PaymentsToMinorityShareholders $582.00K USD 3 Qtrs
Distributions to non-controlling interest PaymentsToMinorityShareholders $55.00K USD 3 Qtrs
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $235.70M USD 3 Qtrs
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $645.10M USD 3 Qtrs
Net increase (decrease) in cash and due from banks and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $240.90M USD 3 Qtrs
Net increase (decrease) in cash and due from banks and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-54.08M USD 3 Qtrs
Cash and due from banks and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $408.88M 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 $170.71M 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 end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $408.88M 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 $170.71M 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 at beginning of period CashAndDueFromBanks $170.67M 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 $408.88M USD Point-in-time
Cash and due from banks at beginning of period CashAndDueFromBanks $167.95M USD Point-in-time
Restricted cash at beginning of period RestrictedCash - USD Point-in-time
Restricted cash at beginning of period RestrictedCash $40.00K USD Point-in-time
Restricted cash at beginning of period RestrictedCash $19.84M USD Point-in-time
Restricted cash at beginning of period RestrictedCash $40.00K 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 $204.95M USD Point-in-time
Cash and due from banks at end of period CashAndDueFromBanks $408.88M USD Point-in-time
Cash and due from banks at end of period CashAndDueFromBanks $167.95M USD Point-in-time
Restricted cash at end of period RestrictedCash - USD Point-in-time
Restricted cash at end of period RestrictedCash $40.00K USD Point-in-time
Restricted cash at end of period RestrictedCash $19.84M USD Point-in-time
Restricted cash at end of period RestrictedCash $40.00K USD Point-in-time
Cash and due from banks and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $408.88M 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 $170.71M 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 $27.95M USD 3 Qtrs
Interest InterestPaidNet $148.95M USD 3 Qtrs
Income taxes IncomeTaxesPaid $28.15M USD 3 Qtrs
Income taxes IncomeTaxesPaid $12.63M USD 3 Qtrs
Accretion of unrealized loss on securities reclassified to held-to-maturity AccretionOfUnrealizedLossOnSecuritiesReclassifiedToHeldToMaturity $451.00K USD 3 Qtrs
Accretion of unrealized loss on securities reclassified to held-to-maturity AccretionOfUnrealizedLossOnSecuritiesReclassifiedToHeldToMaturity $453.00K USD 3 Qtrs
Net loan charge-offs (recoveries) NetLoanChargeOffsRecoveries $8.27M USD 3 Qtrs
Net loan charge-offs (recoveries) NetLoanChargeOffsRecoveries $-335.00K USD 3 Qtrs
Transfer of loans receivable to loans held-for-sale FinancingReceivableReclassificationToHeldForSale - 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 $1.30M USD 3 Qtrs
Other current assets NoncashOrPartNoncashAcquisitionOtherCurrentAssetsAcquired - USD 3 Qtrs
Other current assets NoncashOrPartNoncashAcquisitionOtherCurrentAssetsAcquired $238.00K USD 3 Qtrs
Premises and equipment NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 - USD 3 Qtrs
Premises and equipment NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 $18.00K 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 - USD 3 Qtrs
Total non-cash assets acquired NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1 $1.12M 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 49 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 $0.20 USD 1 Quarter
Cash dividend per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.60 USD 3 Qtrs
Cash dividend per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.54 USD 3 Qtrs
Purchase of common stock (in shares) TreasuryStockSharesAcquired 373,223.00 shares 3 Qtrs
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.63B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.54B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.59B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.52B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.64B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.52B USD Point-in-time
Net income (loss) ProfitLoss $38.80M USD 1 Quarter
Net income (loss) ProfitLoss $94.05M USD 3 Qtrs
Net income (loss) ProfitLoss $20.53M USD 1 Quarter
Net income (loss) ProfitLoss $76.31M USD 3 Qtrs
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-35.67M USD 3 Qtrs
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $7.17M USD 3 Qtrs
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $1.54M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-9.40M USD 1 Quarter
Stock compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.57M USD 1 Quarter
Stock compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.62M USD 1 Quarter
Stock compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $5.02M USD 3 Qtrs
Stock compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $4.91M USD 3 Qtrs
Allocation of ESOP stock AmortizationOfESOPAward $504.00K USD 1 Quarter
Allocation of ESOP stock AmortizationOfESOPAward $1.63M USD 3 Qtrs
Allocation of ESOP stock AmortizationOfESOPAward $601.00K USD 1 Quarter
Allocation of ESOP stock AmortizationOfESOPAward $1.85M USD 3 Qtrs
Cash dividend DividendsCommonStockCash $31.77M USD 3 Qtrs
Cash dividend DividendsCommonStockCash $35.41M USD 3 Qtrs
Cash dividend DividendsCommonStockCash $11.75M USD 1 Quarter
Cash dividend DividendsCommonStockCash $11.82M USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $346.00K USD 3 Qtrs
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $95.00K USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $593.00K USD 3 Qtrs
Repurchase shares of common stock TreasuryStockValueAcquiredCostMethod $7.40M USD 3 Qtrs
Preferred stock dividend DividendsPreferredStock $3.01M USD 3 Qtrs
Preferred stock dividend DividendsPreferredStock $3.01M USD 3 Qtrs
Preferred stock dividend DividendsPreferredStock $1.00M USD 1 Quarter
Preferred stock dividend DividendsPreferredStock $1.00M USD 1 Quarter
Acquisition of Trident Abstract Title Agency, LLC (Trident) StockIssuedDuringPeriodValueAcquisitions $836.00K USD 3 Qtrs
Distributions to non-controlling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $55.00K USD 3 Qtrs
Distributions to non-controlling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $176.00K USD 1 Quarter
Distributions to non-controlling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $582.00K USD 3 Qtrs
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.63B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.54B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.59B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.52B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.64B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.52B USD Point-in-time
Comprehensive Income 57 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $38.80M USD 1 Quarter
Net income ProfitLoss $94.05M USD 3 Qtrs
Unrealized holding gain (loss), before adjustment, tax expense (benefit) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-11.41M USD 3 Qtrs
Unrealized holding gain (loss), before adjustment, tax expense (benefit) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $2.43M USD 3 Qtrs
Net income ProfitLoss $20.53M USD 1 Quarter
Unrealized holding gain (loss), before adjustment, tax expense (benefit) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-3.02M USD 1 Quarter
Unrealized holding gain (loss), before adjustment, tax expense (benefit) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $572.00K USD 1 Quarter
Net income ProfitLoss $76.31M USD 3 Qtrs
Other comprehensive income accretion of fair value adjustment on held to maturity securities tax OtherComprehensiveIncomeAccretionOfFairValueAdjustmentOnHeldToMaturitySecuritiesTax $186.00K USD 3 Qtrs
Other comprehensive income accretion of fair value adjustment on held to maturity securities tax OtherComprehensiveIncomeAccretionOfFairValueAdjustmentOnHeldToMaturitySecuritiesTax $66.00K USD 1 Quarter
Other comprehensive income accretion of fair value adjustment on held to maturity securities tax OtherComprehensiveIncomeAccretionOfFairValueAdjustmentOnHeldToMaturitySecuritiesTax $60.00K USD 1 Quarter
Other comprehensive income accretion of fair value adjustment on held to maturity securities tax OtherComprehensiveIncomeAccretionOfFairValueAdjustmentOnHeldToMaturitySecuritiesTax $176.00K USD 3 Qtrs
Net unrealized gain (loss) on debt securities (net of tax expense of $572 and $2,430 in 2023 and tax benefit of $3,023 and $11,411 in 2022, respectively) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-35.86M USD 3 Qtrs
Other comprehensive income (loss), cash flow hedge, gain (loss), after reclassification, tax benefit OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax $-573.00K USD 3 Qtrs
Net unrealized gain (loss) on debt securities (net of tax expense of $572 and $2,430 in 2023 and tax benefit of $3,023 and $11,411 in 2022, respectively) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $7.63M USD 3 Qtrs
Other comprehensive income (loss), cash flow hedge, gain (loss), after reclassification, tax benefit OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax $-198.00K USD 1 Quarter
Net unrealized gain (loss) on debt securities (net of tax expense of $572 and $2,430 in 2023 and tax benefit of $3,023 and $11,411 in 2022, respectively) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $1.80M USD 1 Quarter
Net unrealized gain (loss) on debt securities (net of tax expense of $572 and $2,430 in 2023 and tax benefit of $3,023 and $11,411 in 2022, respectively) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-9.49M USD 1 Quarter
Reclassification adjustment from AOCI for sale of securities, tax expense (benefit) OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax $78.00K USD 1 Quarter
Accretion of unrealized loss on debt securities reclassified to held-to-maturity (net of tax expense of $66 and $176 in 2023 and tax expense of $60 and $186 in 2022, respectively) OtherComprehensiveIncomeLossTransfersFromHeldToMaturityToAvailableForSaleSecuritiesNetOfTax $265.00K USD 3 Qtrs
Accretion of unrealized loss on debt securities reclassified to held-to-maturity (net of tax expense of $66 and $176 in 2023 and tax expense of $60 and $186 in 2022, respectively) OtherComprehensiveIncomeLossTransfersFromHeldToMaturityToAvailableForSaleSecuritiesNetOfTax $277.00K USD 3 Qtrs
Reclassification adjustment from AOCI for sale of securities, tax expense (benefit) OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax $340.00K USD 3 Qtrs
Accretion of unrealized loss on debt securities reclassified to held-to-maturity (net of tax expense of $66 and $176 in 2023 and tax expense of $60 and $186 in 2022, respectively) OtherComprehensiveIncomeLossTransfersFromHeldToMaturityToAvailableForSaleSecuritiesNetOfTax $116.00K USD 1 Quarter
Accretion of unrealized loss on debt securities reclassified to held-to-maturity (net of tax expense of $66 and $176 in 2023 and tax expense of $60 and $186 in 2022, respectively) OtherComprehensiveIncomeLossTransfersFromHeldToMaturityToAvailableForSaleSecuritiesNetOfTax $87.00K USD 1 Quarter
Reclassification adjustment from AOCI for sale of securities, tax expense (benefit) OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax $-26.00K USD 3 Qtrs
Unrealized loss on derivative hedges (net of tax benefit of $198 and $573 in 2023) OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax - USD 1 Quarter
Unrealized loss on derivative hedges (net of tax benefit of $198 and $573 in 2023) OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax - USD 3 Qtrs
Unrealized loss on derivative hedges (net of tax benefit of $198 and $573 in 2023) OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $-1.80M USD 3 Qtrs
Unrealized loss on derivative hedges (net of tax benefit of $198 and $573 in 2023) OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $-622.00K USD 1 Quarter
Reclassification adjustment for losses (gains) included in net income (net of tax expense of $78 and $340 in 2023 and tax benefit $26 in 2022, respectively) OciDebtSecuritiesAvailableForSaleTransferToHeldToMaturityAdjustmentFromAociForAmortizationOfGainLossAfterTax $-1.07M USD 3 Qtrs
Reclassification adjustment for losses (gains) included in net income (net of tax expense of $78 and $340 in 2023 and tax benefit $26 in 2022, respectively) OciDebtSecuritiesAvailableForSaleTransferToHeldToMaturityAdjustmentFromAociForAmortizationOfGainLossAfterTax - USD 1 Quarter
Reclassification adjustment for losses (gains) included in net income (net of tax expense of $78 and $340 in 2023 and tax benefit $26 in 2022, respectively) OciDebtSecuritiesAvailableForSaleTransferToHeldToMaturityAdjustmentFromAociForAmortizationOfGainLossAfterTax $-246.00K USD 1 Quarter
Reclassification adjustment for losses (gains) included in net income (net of tax expense of $78 and $340 in 2023 and tax benefit $26 in 2022, respectively) OciDebtSecuritiesAvailableForSaleTransferToHeldToMaturityAdjustmentFromAociForAmortizationOfGainLossAfterTax $82.00K USD 3 Qtrs
Total other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-35.67M USD 3 Qtrs
Total other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $7.17M USD 3 Qtrs
Total other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $1.54M USD 1 Quarter
Total other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-9.40M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $83.48M USD 3 Qtrs
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $29.40M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $22.07M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $58.37M USD 3 Qtrs
Less: comprehensive (loss) income attributable to non-controlling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-135.00K USD 1 Quarter
Less: comprehensive (loss) income attributable to non-controlling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $715.00K USD 3 Qtrs
Less: comprehensive (loss) income attributable to non-controlling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-34.00K USD 3 Qtrs
Less: comprehensive (loss) income attributable to non-controlling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $193.00K USD 1 Quarter
Comprehensive income attributable to OceanFirst Financial Corp. ComprehensiveIncomeNetOfTax $57.66M USD 3 Qtrs
Comprehensive income attributable to OceanFirst Financial Corp. ComprehensiveIncomeNetOfTax $29.21M USD 1 Quarter
Comprehensive income attributable to OceanFirst Financial Corp. ComprehensiveIncomeNetOfTax $22.20M USD 1 Quarter
Comprehensive income attributable to OceanFirst Financial Corp. ComprehensiveIncomeNetOfTax $83.52M USD 3 Qtrs
Less: Dividends on preferred shares PreferredStockDividendsAndOtherAdjustments $3.01M USD 3 Qtrs
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 $1.00M USD 1 Quarter
Total comprehensive income available to common stockholders ComprehensiveIncomeLossAvailableForCommonStockholders $80.51M USD 3 Qtrs
Total comprehensive income available to common stockholders ComprehensiveIncomeLossAvailableForCommonStockholders $54.64M USD 3 Qtrs
Total comprehensive income available to common stockholders ComprehensiveIncomeLossAvailableForCommonStockholders $28.20M USD 1 Quarter
Total comprehensive income available to common stockholders ComprehensiveIncomeLossAvailableForCommonStockholders $21.20M USD 1 Quarter

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

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