OceanFirst Financial Statements From 2010 to 2022

OCFC
 Stock
  

USD 21.13  0.26  1.22%   

OceanFirst Financial financial statements provide useful quarterly and yearly information to potential OceanFirst Financial Corp investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on OceanFirst Financial financial statements helps investors assess OceanFirst Financial's valuation, profitability, and current liquidity needs.
We have found eighty-six available trending fundamental ratios for OceanFirst Financial Corp, which can be analyzed and compared to other ratios and to its competitors. Make sure you check out all of OceanFirst Financial Corp recent market performance against the performance between 2010 and 2022 to make sure the company can sustain itself down the road.
OceanFirst Financial Net Income Per Employee is projected to increase significantly based on the last few years of reporting. The past year's Net Income Per Employee was at 117,477. The current year Average Assets is expected to grow to about 10.1 B, whereas Revenue Per Employee is forecasted to decline to about 347.2 K.
  
Check OceanFirst Financial financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among OceanFirst main balance sheet or income statement drivers, such as Consolidated Income of 109.9 M, Earning Before Interest and Taxes EBIT of 133.2 M or Gross Profit of 367.9 M, as well as many exotic indicators such as Calculated Tax Rate of 29.09, PPandE Turnover of 4.0 or Cash and Equivalents Turnover of 0.54. OceanFirst financial statements analysis is a perfect complement when working with OceanFirst Financial Valuation or Volatility modules. It can also supplement OceanFirst Financial's financial leverage analysis and stock options assessment as well as various OceanFirst Financial Technical models . Please check the analysis of OceanFirst Financial Correlation against competitors.

OceanFirst Financial Revenues

420.71 Million

OceanFirst Financial Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets12.7 B11.7 B5.9 B
Increasing
Slightly volatile
Cash and Equivalents192.6 M204.9 M200.6 M
Increasing
Slightly volatile
Investments8.9 B8.3 B4.7 B
Increasing
Slightly volatile
Deposit Liabilities7.9 B7.3 BB
Increasing
Slightly volatile
Property Plant and Equipment Net127.4 M118.1 M67.8 M
Increasing
Slightly volatile
Tax Assets78.6 M72.9 M35.2 M
Increasing
Slightly volatile
Trade and Non Trade Receivables26.9 M24.9 M13.6 M
Increasing
Slightly volatile
Trade and Non Trade Payables4.6 M4.7 M5.1 M
Decreasing
Slightly volatile
Goodwill and Intangible Assets359.3 M448.8 M174.8 M
Increasing
Slightly volatile
Total Liabilities11 B10.2 B5.1 B
Increasing
Slightly volatile
Shareholders Equity1.6 B1.5 B716.3 M
Increasing
Slightly volatile
Accumulated Retained Earnings Deficit355.2 M412.5 M270.1 M
Increasing
Slightly volatile
Accumulated Other Comprehensive Income(1.5 M)(1.4 M)(3.7 M)
Increasing
Slightly volatile
Total Debt674.9 M806.9 M500.4 M
Increasing
Slightly volatile
Shareholders Equity USD1.4 B1.3 B660.4 M
Increasing
Slightly volatile
Cash and Equivalents USD127.3 M138.6 M101.9 M
Increasing
Slightly volatile
Total Debt USD674.9 M806.9 M500.4 M
Increasing
Slightly volatile
Long Term Debt247.2 M229.1 M90.9 M
Increasing
Slightly volatile

OceanFirst Financial Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Revenues420.7 M389.9 M224.6 M
Increasing
Slightly volatile
Selling General and Administrative Expense165.1 M153 M86.8 M
Increasing
Slightly volatile
Operating Expenses234.7 M217.5 M121.4 M
Increasing
Slightly volatile
Income Tax Expense18.9 M21.6 M14.6 M
Increasing
Slightly volatile
Consolidated Income109.9 M101.9 M49.5 M
Increasing
Slightly volatile
Net Income118.8 M110.1 M48.9 M
Increasing
Slightly volatile
Net Income Common Stock109.9 M101.9 M49.5 M
Increasing
Slightly volatile
Weighted Average Shares64.1 M59.4 M33.8 M
Increasing
Slightly volatile
Weighted Average Shares Diluted64.4 M59.6 M34.2 M
Increasing
Slightly volatile
Earning Before Interest and Taxes EBIT133.2 M123.5 M64.5 M
Increasing
Slightly volatile
Revenues USD367.9 M341 M186.2 M
Increasing
Slightly volatile
Net Income Common Stock USD109.9 M101.9 M49.5 M
Increasing
Slightly volatile
Earning Before Interest and Taxes USD133.2 M123.5 M64.5 M
Increasing
Slightly volatile
Gross Profit367.9 M341 M186.2 M
Increasing
Slightly volatile
Operating Income133.2 M123.5 M64.8 M
Increasing
Slightly volatile

OceanFirst Financial Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Net Cash Flow Business Acquisitions and Disposals9.5 M11.2 M11.9 M
Decreasing
Slightly volatile
Net Cash Flow Investment Acquisitions and Disposals(168.8 M)(164.4 M)(98.9 M)
Decreasing
Stable
Net Cash Flow from Financing178.3 M224 M146.1 M
Increasing
Slightly volatile
Issuance Repayment of Debt Securities 97.9 M90.8 M21.2 M
Increasing
Slightly volatile
Issuance Purchase of Equity Shares(22.8 M)(22.3 M)(12.4 M)
Decreasing
Slightly volatile
Net Cash Flow from Investing(1.5 B)(1.5 B)(293.4 M)
Decreasing
Slightly volatile
Net Cash Flow from Operations172.6 M160 M73.1 M
Increasing
Slightly volatile
Net Cash Flow or Change in Cash and Cash Equivalents9.8 M9.8 M10.8 M
Decreasing
Very volatile
Share Based Compensation4.3 MM1.9 M
Increasing
Slightly volatile
Depreciation Amortization and Accretion15.4 M14.2 M7.5 M
Increasing
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Earnings per Basic Share1.481.791.283
Increasing
Slightly volatile
Earnings per Diluted Share1.461.781.2702
Increasing
Slightly volatile
Earnings per Basic Share USD1.792.041.3838
Increasing
Slightly volatile
Dividends per Basic Common Share0.720.780.5809
Increasing
Slightly volatile
Return on Average Equity8.557.33678.1362
Decreasing
Slightly volatile
Return on Average Assets0.860.94940.8643
Increasing
Very volatile
Return on Invested Capital0.0110.01170.0115
Increasing
Very volatile
Gross Margin0.890.90.9842
Decreasing
Slightly volatile
Profit Margin23.1928.229820.0497
Increasing
Slightly volatile
EBITDA Margin0.350.360.3723
Decreasing
Stable
Return on Sales0.320.330.3368
Decreasing
Stable
Asset Turnover0.04320.03360.0439
Decreasing
Slightly volatile
Payout Ratio0.390.350.4243
Decreasing
Slightly volatile
Enterprise Value over EBITDA14.4513.7916.487
Decreasing
Slightly volatile
Enterprise Value over EBIT15.9715.318.1745
Decreasing
Slightly volatile
Price to Earnings Ratio18.1616.5916.3021
Increasing
Stable
Sales per Share6.176.56386.4143
Increasing
Slightly volatile
Price to Sales Ratio4.724.973.8802
Increasing
Slightly volatile
Price to Book Value1.411.281.2603
Increasing
Very volatile
Debt to Equity Ratio0.150.15110.1206
Increasing
Very volatile
Dividend Yield0.02490.02430.028
Decreasing
Slightly volatile
Free Cash Flow per Share1.711.98521.5853
Increasing
Stable
Book Value per Share23.4126.4318.2272
Increasing
Slightly volatile
Tangible Assets Book Value per Share182180155
Increasing
Slightly volatile
Total Assets Per Share168198153
Increasing
Slightly volatile
Cash Flow Per Share2.212.70341.8934
Increasing
Slightly volatile
Calculated Tax Rate29.0922.61329.6418
Decreasing
Slightly volatile
PPandE Turnover4.03.34813.8796
Decreasing
Slightly volatile
Cash and Equivalents Turnover0.540.5281.8815
Decreasing
Slightly volatile
Revenue to Assets0.04140.03320.0414
Decreasing
Slightly volatile

OceanFirst Financial Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Earnings before Tax133.2 M123.5 M64.5 M
Increasing
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization EBITDA148.6 M137.7 M71.9 M
Increasing
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization USD148.6 M137.7 M71.9 M
Increasing
Slightly volatile
Market Capitalization1.6 B1.5 B772.3 M
Increasing
Slightly volatile
Enterprise Value2.3 B2.1 B1.1 B
Increasing
Slightly volatile
Invested Capital10.5 B9.7 B5.5 B
Increasing
Slightly volatile
Average Equity1.4 B1.3 B640.2 M
Increasing
Slightly volatile
Average Assets10.1 B9.3 B5.1 B
Increasing
Slightly volatile
Invested Capital Average10.2 B9.5 B5.3 B
Increasing
Slightly volatile
Tangible Asset Value9.7 BB5.1 B
Increasing
Slightly volatile
Free Cash Flow118.1 M109.4 M55.2 M
Increasing
Slightly volatile
Revenue Per Employee347.2 K416.1 K307.7 K
Increasing
Slightly volatile
Net Income Per Employee126.8 K117.5 K66.6 K
Increasing
Slightly volatile

OceanFirst Fundamental Market Drivers

Short Percent Of Float1.93%
Forward Price Earnings7.64
Shares Short Prior Month1.13M
Average Daily Volume Last 10 Day183.17k
Average Daily Volume In Three Month247.69k
Date Short Interest15th of July 2022
Fifty Day Average19.76
Two Hundred Day Average20.86

OceanFirst Upcoming Events

Upcoming Quarterly Report27th of January 2022
Next Financial Report5th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End27th of January 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

About OceanFirst Financial Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include OceanFirst Financial income statement, its balance sheet, and the statement of cash flows. OceanFirst Financial investors use historical funamental indicators, such as OceanFirst Financial's revenue or net income, to determine how well the company is positioned to perform in the future. Although OceanFirst Financial investors may use each financial statement separately, they are all related. The changes in OceanFirst Financial's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on OceanFirst Financial's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on OceanFirst Financial Financial Statements. Understanding these patterns can help to make the right decision on long term investment in OceanFirst Financial. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Revenues389.9 M420.7 M
Revenue to Assets 0.033215  0.0414 
Revenue Per Employee416.1 K347.2 K

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Please check the analysis of OceanFirst Financial Correlation against competitors. Note that the OceanFirst Financial Corp information on this page should be used as a complementary analysis to other OceanFirst Financial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

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Is OceanFirst Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of OceanFirst Financial. If investors know OceanFirst will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about OceanFirst Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.041
Market Capitalization
1.3 B
Quarterly Revenue Growth YOY
0.052
Return On Assets
0.0085
Return On Equity
0.0674
The market value of OceanFirst Financial Corp is measured differently than its book value, which is the value of OceanFirst that is recorded on the company's balance sheet. Investors also form their own opinion of OceanFirst Financial's value that differs from its market value or its book value, called intrinsic value, which is OceanFirst Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because OceanFirst Financial's market value can be influenced by many factors that don't directly affect OceanFirst Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between OceanFirst Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine OceanFirst Financial value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OceanFirst Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.