Oceanfirst Finl Corp Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Oceanfirst Finl Corp's revenue grew 5.6% year-over-year to $642.2M, a solid pace of expansion. This earns a growth score of 45/100.
Oceanfirst Finl Corp carries a low D/E ratio of 0.12, meaning only $0.12 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Oceanfirst Finl Corp converts 13.2% of revenue into free cash flow ($84.7M). This strong cash generation earns a score of 66/100.
Oceanfirst Finl Corp generates a 5.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 24/100. This is down from 6.3% the prior year.
Oceanfirst Finl Corp passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Oceanfirst Finl Corp generates $0.92 in operating cash flow ($92.2M OCF vs $100.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
This page shows Oceanfirst Finl Corp (OCFC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Oceanfirst Finl Corp generated $642.2M in revenue in fiscal year 2024. This represents an increase of 5.6% from the prior year.
Oceanfirst Finl Corp generated $84.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 27.3% from the prior year.
Oceanfirst Finl Corp reported $100.1M in net income in fiscal year 2024. This represents a decrease of 3.8% from the prior year.
Oceanfirst Finl Corp earned $1.65 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 2.9% from the prior year.
Oceanfirst Finl Corp held $123.6M in cash against $197.5M in long-term debt as of fiscal year 2024.
Oceanfirst Finl Corp paid $0.80 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Oceanfirst Finl Corp had 59M shares outstanding in fiscal year 2024. This represents a decrease of 1.5% from the prior year.
Oceanfirst Finl Corp's net profit margin was 15.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 1.5 percentage points from the prior year.
Oceanfirst Finl Corp's ROE was 5.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 0.4 percentage points from the prior year.
Oceanfirst Finl Corp spent $21.5M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
Oceanfirst Finl Corp invested $7.6M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 1.8% from the prior year.
OCFC Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $162.2M+4.8% | $154.8M+0.7% | $153.7M-3.7% | $159.6M+0.1% | $159.4M-1.3% | $161.6M+0.7% | $160.4M+1.3% | $158.4M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $71.5M+6.5% | $67.2M+0.2% | $67.1M-12.1% | $76.3M-1.1% | $77.2M+2.4% | $75.4M+3.8% | $72.6M+7.7% | $67.4M |
| Income Tax | $5.2M-10.7% | $5.8M-15.2% | $6.8M+33.9% | $5.1M-28.2% | $7.1M-33.4% | $10.6M+23.8% | $8.6M+33.0% | $6.5M |
| Net Income | $17.3M-9.0% | $19.0M-11.5% | $21.5M-1.8% | $21.9M-10.1% | $24.4M-15.0% | $28.7M+3.6% | $27.7M+33.9% | $20.7M |
| EPS (Diluted) | $0.30+7.1% | $0.28-20.0% | $0.35-2.8% | $0.36-10.0% | $0.40-14.9% | $0.47+2.2% | $0.46+39.4% | $0.33 |
OCFC Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $14.3B+7.5% | $13.3B+0.1% | $13.3B-0.8% | $13.4B+0.7% | $13.3B-0.7% | $13.4B-0.9% | $13.5B+0.3% | $13.5B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $274.1M+60.7% | $170.6M+4.2% | $163.7M+32.4% | $123.6M-31.8% | $181.2M+38.9% | $130.4M-15.2% | $153.7M-62.4% | $408.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $523.3M0.0% | $523.3M0.0% | $523.3M0.0% | $523.3M+3.4% | $506.1M0.0% | $506.1M0.0% | $506.1M0.0% | $506.1M |
| Total Liabilities | $12.7B+8.4% | $11.7B+0.7% | $11.6B-1.0% | $11.7B+0.6% | $11.6B-0.9% | $11.8B-1.0% | $11.9B+0.1% | $11.9B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | $197.5M | N/A | N/A | $196.5M | N/A |
| Total Equity | $1.7B+0.6% | $1.6B-3.8% | $1.7B+0.4% | $1.7B+1.5% | $1.7B+0.6% | $1.7B+0.2% | $1.7B+1.5% | $1.6B |
| Retained Earnings | $661.0M+0.9% | $655.1M+0.7% | $650.5M+1.4% | $641.7M+3.5% | $620.0M+1.9% | $608.4M+2.7% | $592.5M+2.6% | $577.7M |
OCFC Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $24.4M-14.6% | $28.6M+1700.4% | -$1.8M-104.0% | $44.8M+88.9% | $23.7M-48.6% | $46.1M+271.9% | -$26.8M-148.9% | $54.8M |
| Capital Expenditures | $1.6M+12.7% | $1.4M-24.9% | $1.9M+14.7% | $1.6M-61.3% | $4.2M+515.0% | $680K-58.7% | $1.6M+22.4% | $1.3M |
| Free Cash Flow | $22.8M-16.0% | $27.2M+846.6% | -$3.6M-108.4% | $43.2M+121.1% | $19.5M-57.0% | $45.4M+259.6% | -$28.5M-153.2% | $53.5M |
| Investing Cash Flow | -$888.2M-3650.8% | -$23.7M-119.2% | $123.6M+1537.7% | -$8.6M-105.8% | $148.0M+22.7% | $120.6M+135.3% | -$342.1M-4017.0% | $8.7M |
| Financing Cash Flow | $967.3M+48877.7% | $2.0M+102.4% | -$81.7M+35.5% | -$126.8M-4.8% | -$120.9M+36.4% | -$190.0M-267.0% | $113.8M+201.2% | -$112.4M |
| Dividends Paid | $11.5M-9.5% | $12.7M-0.3% | $12.7M+0.3% | $12.7M-0.4% | $12.7M-1.1% | $12.9M0.0% | $12.8M+0.2% | $12.8M |
| Share Buybacks | $42K-99.8% | $17.4M+152.4% | $6.9M+138040.0% | -$5K-100.1% | $5.0M-67.2% | $15.1M | $0 | $0 |
OCFC Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 10.7%-1.6pp | 12.3%-1.7pp | 14.0%+0.3pp | 13.7%-1.6pp | 15.3%-2.4pp | 17.7%+0.5pp | 17.3%+4.2pp | 13.1% |
| Return on Equity | 1.1%-0.1pp | 1.2%-0.1pp | 1.3%-0.0pp | 1.3%-0.2pp | 1.5%-0.3pp | 1.7%+0.1pp | 1.7%+0.4pp | 1.3% |
| Return on Assets | 0.1%-0.0pp | 0.1%-0.0pp | 0.2%0.0pp | 0.2%-0.0pp | 0.2%-0.0pp | 0.2%0.0pp | 0.2%+0.1pp | 0.1% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 7.67+0.6 | 7.11+0.3 | 6.79+6.7 | 0.12-6.8 | 6.95-0.1 | 7.06+6.9 | 0.12-7.1 | 7.25 |
| FCF Margin | 14.1%-3.5pp | 17.6%+19.9pp | -2.4%-29.4pp | 27.1%+14.8pp | 12.3%-15.9pp | 28.1%+45.9pp | -17.7%-51.5pp | 33.8% |
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Frequently Asked Questions
What is Oceanfirst Finl Corp's annual revenue?
Oceanfirst Finl Corp (OCFC) reported $642.2M in total revenue for fiscal year 2024. This represents a 5.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Oceanfirst Finl Corp's revenue growing?
Oceanfirst Finl Corp (OCFC) revenue grew by 5.6% year-over-year, from $608.0M to $642.2M in fiscal year 2024.
Is Oceanfirst Finl Corp profitable?
Yes, Oceanfirst Finl Corp (OCFC) reported a net income of $100.1M in fiscal year 2024, with a net profit margin of 15.6%.
What is Oceanfirst Finl Corp's earnings per share (EPS)?
Oceanfirst Finl Corp (OCFC) reported diluted earnings per share of $1.65 for fiscal year 2024. This represents a -2.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
How much debt does Oceanfirst Finl Corp have?
As of fiscal year 2024, Oceanfirst Finl Corp (OCFC) had $123.6M in cash and equivalents against $197.5M in long-term debt.
What is Oceanfirst Finl Corp's net profit margin?
Oceanfirst Finl Corp (OCFC) had a net profit margin of 15.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Oceanfirst Finl Corp pay dividends?
Yes, Oceanfirst Finl Corp (OCFC) paid $0.80 per share in dividends during fiscal year 2024.
What is Oceanfirst Finl Corp's return on equity (ROE)?
Oceanfirst Finl Corp (OCFC) has a return on equity of 5.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Oceanfirst Finl Corp's free cash flow?
Oceanfirst Finl Corp (OCFC) generated $84.7M in free cash flow during fiscal year 2024. This represents a -27.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Oceanfirst Finl Corp's operating cash flow?
Oceanfirst Finl Corp (OCFC) generated $92.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Oceanfirst Finl Corp's total assets?
Oceanfirst Finl Corp (OCFC) had $13.4B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Oceanfirst Finl Corp's capital expenditures?
Oceanfirst Finl Corp (OCFC) invested $7.6M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Oceanfirst Finl Corp buy back shares?
Yes, Oceanfirst Finl Corp (OCFC) spent $21.5M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Oceanfirst Finl Corp have outstanding?
Oceanfirst Finl Corp (OCFC) had 59M shares outstanding as of fiscal year 2024.
What is Oceanfirst Finl Corp's debt-to-equity ratio?
Oceanfirst Finl Corp (OCFC) had a debt-to-equity ratio of 0.12 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Oceanfirst Finl Corp's return on assets (ROA)?
Oceanfirst Finl Corp (OCFC) had a return on assets of 0.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Oceanfirst Finl Corp's Piotroski F-Score?
Oceanfirst Finl Corp (OCFC) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Oceanfirst Finl Corp's earnings high quality?
Oceanfirst Finl Corp (OCFC) has an earnings quality ratio of 0.92x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Oceanfirst Finl Corp?
Oceanfirst Finl Corp (OCFC) scores 59 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.