OCEANFIRST FINANCIAL CORP OCFC

Financials SIC 6021 - National Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived Nasdaq

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.

Last close 16.71 2026-10-23
Market cap $1.61B 2026-06-30 share count
52-week range 15.60 - 20.61

Valuation FY2025 figures against the last close

P/S2.5x
P/E14.3x
P/FCF20.3x
EV/EBITDA—
Dividend yield3.0%
Diluted EPS1.17

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 1.171.651.702.431.791.021.771.541.321.00
EPS, diluted 1.171.651.702.421.781.021.751.511.280.98
Shares, diluted (wtd. avg.) 57.4M58.3M59.0M58.9M59.6M60.1M50.7M47.7M33.1M23.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 200M 400M 600M 800M Revenue, FY2016: 133.4M Net income, FY2016: 23M Revenue, FY2017: 188.8M Net income, FY2017: 42.5M Revenue, FY2018: 276.7M Net income, FY2018: 71.9M Revenue, FY2019: 308.8M Net income, FY2019: 88.6M Revenue, FY2020: 379.6M Net income, FY2020: 63.3M Revenue, FY2021: 342.1M Net income, FY2021: 106.1M Revenue, FY2022: 431.2M Net income, FY2022: 142.6M Revenue, FY2023: 608M Net income, FY2023: 100M Revenue, FY2024: 642.2M Net income, FY2024: 96M Revenue, FY2025: 642.5M Net income, FY2025: 67.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $133.4M $188.8M $276.7M $308.8M $379.6M $342.1M $431.2M $608.0M $642.2M $642.5M
Gross profit — — — — — — — — — —
Net income $23.0M $42.5M $71.9M $88.6M $63.3M $106.1M $142.6M $100.0M $96.0M $67.1M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Other event Item 8.01
  • Other event Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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