OCEANFIRST FINANCIAL CORP OCFC
OceanFirst Financial Corp. (the "Company") is incorporated under Delaware law and serves as the holding company for OceanFirst Bank N.A (the "Bank"). At December 31, 2025, the Company had consolidated total assets of $14.6 billion and total stockholders' equity of $1.7 billion. The Company is subject to regulation by the Board of Governors of the FRB and the SEC. The Bank is primarily subject to regulation and supervision by the OCC, as well as the CFPB due to the Bank exceeding $10 billion in assets. The Bank is also subject to regulation and supervision by the FDIC, as its deposit insurer. Currently, the Company transacts the vast majority of its business through the Bank, its wholly owned subsidiary.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $642.5M | $642.2M | $608.0M | $431.2M | $342.1M | $379.6M | $308.8M | $276.7M | $188.8M | $133.4M |
| Total operating expenses | $296.2M | $245.9M | $248.9M | $234.9M | $226.9M | $246.4M | $189.1M | $186.3M | $126.5M | $102.9M |
| Interest expense | $360.2M | $334.0M | $369.7M | $377.5M | $36.8M | $66.7M | $52.8M | $36.2M | $19.6M | $13.2M |
| Pre-tax income | $92.5M | $130.7M | $136.8M | $193.9M | $142.2M | $81.0M | $107.4M | $85.5M | $65.3M | $35.2M |
| Income tax | $21.5M | $30.3M | $32.7M | $46.6M | $32.2M | $17.7M | $18.8M | $13.6M | $22.9M | $12.2M |
| Net income | $67.1M | $96.0M | $100.0M | $142.6M | $106.1M | $63.3M | $88.6M | $71.9M | $42.5M | $23.0M |
| EPS, basic | 1.17 | 1.65 | 1.70 | 2.43 | 1.79 | 1.02 | 1.77 | 1.54 | 1.32 | 1.00 |
| EPS, diluted | 1.17 | 1.65 | 1.70 | 2.42 | 1.78 | 1.02 | 1.75 | 1.51 | 1.28 | 0.98 |
| Shares, diluted (wtd. avg.) | $57.4M | $58.3M | $59.0M | $58.9M | $59.6M | $60.1M | $50.7M | $47.7M | $33.1M | $23.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $135.1M | $123.6M | $153.7M | $168.0M | $224.8M | $1.32B | $133.2M | $122.3M | $109.6M | $301.4M |
| Property, plant and equipment | — | — | — | — | — | — | — | $111.2M | $101.8M | $71.4M |
| Goodwill | $517.5M | $523.3M | $506.1M | $506.1M | $500.3M | $500.3M | $374.6M | $338.4M | $150.5M | $145.1M |
| Other intangibles | $9.0M | $12.7M | $9.5M | $13.5M | $18.2M | $23.7M | $15.6M | $17.0M | $8.9M | $10.9M |
| Total assets | $14.56B | $13.42B | $13.54B | $13.10B | $11.74B | $11.45B | $8.25B | $7.52B | $5.42B | $5.17B |
| Long-term debt | $255.2M | $197.5M | $196.5M | $195.4M | $229.1M | $235.5M | — | — | — | — |
| Total liabilities | $12.90B | $11.72B | $11.88B | $11.52B | $10.22B | $9.96B | $7.09B | $6.48B | $4.81B | $4.60B |
| Retained earnings | $662.6M | $641.7M | $592.5M | $540.5M | $442.3M | $378.3M | $358.7M | $305.1M | $271.0M | $238.2M |
| Total equity | $1.66B | $1.70B | $1.66B | $1.59B | $1.52B | $1.48B | $1.15B | $1.04B | $601.9M | $571.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $87.2M | $92.2M | $124.3M | $250.4M | $160.0M | $132.7M | $100.2M | $92.6M | $80.1M | $33.4M |
| Depreciation and amortisation | $10.3M | $10.9M | $12.3M | $11.7M | $9.4M | $8.5M | $8.4M | $8.7M | $6.3M | $4.8M |
| Stock-based compensation | $4.9M | $6.1M | $5.9M | $6.6M | $5.4M | $4.3M | $3.9M | $3.0M | $2.2M | $1.5M |
| Capital expenditure | $7.7M | $7.6M | $7.7M | $16.1M | $42.0M | $14.7M | $5.1M | $11.5M | $48.7M | $6.7M |
| Investing cash flow | -$1.18B | $106.4M | -$488.0M | -$1.32B | -$1.48B | -$22.2M | -$172.1M | $48.6M | -$455.2M | $271.7M |
| Financing cash flow | $1.10B | -$228.7M | $349.5M | $1.01B | $224.0M | $1.07B | $82.8M | -$128.4M | $183.3M | -$47.7M |
| Dividends paid | $48.2M | $50.9M | $51.3M | $47.5M | $44.5M | $42.9M | $34.2M | $29.6M | $19.3M | $12.6M |
| Buybacks | $24.9M | $21.5M | $0 | $7.4M | $36.1M | $14.8M | $26.1M | $10.8M | $0 | $1.9M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001308179-26-000348.
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