OCFC
Income statement / Annual
Last year (2024), OceanFirst Financial Corp.'s total revenue was $687.95 M,
an increase of 8.01% from the previous year.
In 2024, OceanFirst Financial Corp.'s net income was $100.07 M.
See OceanFirst Financial Corp.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
| Operating Revenue |
$687.95 M |
$636.96 M |
$485.30 M |
$388.84 M |
$433.82 M |
$345.00 M |
$307.27 M |
$212.34 M |
$151.49 M |
$100.47 M |
| Cost of Revenue |
$315.83 M
|
$255.92 M
|
$61.47 M
|
$24.92 M
|
$126.06 M
|
$54.46 M
|
$39.64 M
|
$24.06 M
|
$15.79 M
|
$10.31 M
|
| Gross Profit |
$372.12 M
|
$381.04 M
|
$423.83 M
|
$363.92 M
|
$307.76 M
|
$290.54 M
|
$267.63 M
|
$188.28 M
|
$135.71 M
|
$90.17 M
|
| Gross Profit Ratio |
0.54
|
0.6
|
0.87
|
0.94
|
0.71
|
0.84
|
0.87
|
0.89
|
0.9
|
0.9
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$9.48 M
|
$146.96 M
|
$139.27 M
|
$126.17 M
|
$119.03 M
|
$106.95 M
|
$100.13 M
|
$71.51 M
|
$57.51 M
|
$38.75 M
|
| Selling & Marketing Expenses |
$5.17 M
|
$4.24 M
|
$2.95 M
|
$2.17 M
|
$3.12 M
|
$3.47 M
|
$3.42 M
|
$2.68 M
|
$1.88 M
|
$1.52 M
|
| Selling, General & Administrative Expenses |
$14.65 M
|
$151.20 M
|
$142.22 M
|
$128.34 M
|
$122.14 M
|
$110.42 M
|
$103.55 M
|
$74.19 M
|
$59.39 M
|
$40.27 M
|
| Other Expenses |
$226.82 M
|
$93.08 M
|
$87.69 M
|
$93.34 M
|
$104.57 M
|
$72.76 M
|
$78.58 M
|
$48.77 M
|
$41.12 M
|
$18.70 M
|
| Operating Expenses |
$241.47 M
|
$244.27 M
|
$229.91 M
|
$221.68 M
|
$226.72 M
|
$183.19 M
|
$182.13 M
|
$122.96 M
|
$100.51 M
|
$58.96 M
|
| Cost And Expenses |
$557.29 M
|
$500.19 M
|
$291.38 M
|
$246.60 M
|
$352.78 M
|
$237.65 M
|
$221.77 M
|
$147.02 M
|
$116.29 M
|
$69.27 M
|
| Interest Income |
$642.17 M
|
$607.97 M
|
$431.18 M
|
$342.09 M
|
$379.61 M
|
$308.79 M
|
$276.65 M
|
$188.83 M
|
$133.43 M
|
$85.86 M
|
| Interest Expense |
$308.14 M
|
$238.24 M
|
$53.70 M
|
$36.75 M
|
$66.66 M
|
$52.82 M
|
$36.15 M
|
$19.61 M
|
$13.16 M
|
$9.03 M
|
| Depreciation & Amortization |
$14.54 M
|
$16.40 M
|
$16.43 M
|
$14.85 M
|
$14.69 M
|
$12.43 M
|
$12.51 M
|
$8.43 M
|
$5.57 M
|
$3.60 M
|
| EBITDA |
$145.20 M |
$153.17 M |
$210.40 M |
$157.12 M |
$95.77 M |
$119.79 M |
$98.12 M |
$73.75 M |
$40.77 M |
$34.81 M |
| EBITDA Ratio |
0.21
|
0.24
|
0.43
|
0.4
|
0.22
|
0.35
|
0.32
|
0.35
|
0.27
|
0.35
|
| Operating Income Ratio |
0.19
|
0.21
|
0.4
|
0.37
|
0.19
|
0.31
|
0.28
|
0.31
|
0.23
|
0.31
|
| Total Other Income/Expenses Net |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Income Before Tax |
$130.66 M
|
$136.77 M
|
$193.92 M
|
$142.24 M
|
$81.04 M
|
$107.36 M
|
$85.50 M
|
$65.33 M
|
$35.20 M
|
$31.21 M
|
| Income Before Tax Ratio |
0.19
|
0.21
|
0.4
|
0.37
|
0.19
|
0.31
|
0.28
|
0.31
|
0.23
|
0.31
|
| Income Tax Expense |
$30.27 M
|
$32.70 M
|
$46.57 M
|
$32.17 M
|
$17.73 M
|
$18.78 M
|
$13.57 M
|
$22.86 M
|
$12.15 M
|
$10.88 M
|
| Net Income |
$100.07 M
|
$104.03 M
|
$146.60 M
|
$110.08 M
|
$63.31 M
|
$88.57 M
|
$71.93 M
|
$42.47 M
|
$23.05 M
|
$20.32 M
|
| Net Income Ratio |
0.15
|
0.16
|
0.3
|
0.28
|
0.15
|
0.26
|
0.23
|
0.2
|
0.15
|
0.2
|
| EPS |
1.65 |
1.7 |
2.43 |
1.79 |
1.02 |
1.77 |
1.54 |
1.32 |
1 |
1.22 |
| EPS Diluted |
1.65 |
1.7 |
2.42 |
1.78 |
1.02 |
1.75 |
1.51 |
1.28 |
0.98 |
1.21 |
| Weighted Average Shares Out |
$58.30 M
|
$58.95 M
|
$58.73 M
|
$59.41 M
|
$59.92 M
|
$50.17 M
|
$46.77 M
|
$32.11 M
|
$23.09 M
|
$16.60 M
|
| Weighted Average Shares Out Diluted |
$58.30 M
|
$58.96 M
|
$58.88 M
|
$59.65 M
|
$60.07 M
|
$50.75 M
|
$47.66 M
|
$33.13 M
|
$23.53 M
|
$16.81 M
|
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