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Oceanfirst Financial Corp   (OCFC)
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    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 

Oceanfirst Financial Corp Income Statement Quarterly

OCFC


Select the Financial Report:   Period:   Fiscal Year:

INCOME STATEMENT
(Quarterly GAAP In millions $)

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Interest and Fee Income, Loans and Leases 137.11 133.93 129.10 121.72 117.05
Interest and Dividend Income, Securities 15.44 15.22 14.32 14.29 8.73
Other Income 7.88 9.26 6.67 3.03 4.50
Total Interest Income 160.43 158.41 150.10 139.03 130.28
Interest Expense, Deposits 59.47 53.29 37.93 21.33 13.43
Interest Expense, Borrowings 13.14 14.13 20.05 18.90 10.36
Total Interest Expense 72.61 67.41 57.99 40.23 23.79
Net Interest Income 87.82 91.00 92.11 98.80 106.49
Provision for loan losses 3.15 10.28 1.23 3.01 3.65
Total Net Interest Income 84.67 80.71 90.88 95.79 102.84
Service Fees, Investment Banking, Brokerage and Other Transactions - - - - -
Revenue From Contract With Customer Including Assessed Tax 0.61 0.66 0.65 0.61 0.55
Profit (Loss) from Real Estate Operations - - - - -
Bank Owned Life Insurance Income 0.46 0.50 0.48 -0.23 -3.15
Debt Securities Available For Sale Gain Loss -3.73 - - - 17.19
Credit And Debit Card Revenue 1.53 1.51 1.54 1.33 1.44
Credit Loss Expense Reversal - - - - -
Loss/ -Gain on Investment 6.25 1.52 -0.56 -6.78 -5.07
Other Non-Interest Income 6.74 6.58 6.82 7.14 16.59
Total Noninterest Income 11.86 10.76 8.93 2.07 27.55
Total Revenues 96.53 91.48 99.81 97.86 130.39
Salaries & employee benefits, SGA 1.11 1.18 0.96 0.98 63.14
Restructuring, Accretion & impairment charges - - - 0.02 0.28
Depriciation & Amortization 0.98 0.99 0.99 1.03 1.16
Real Estate, Other Assets Expense - - - - -
Communications, Occupancy and Information Technology 5.22 5.47 5.27 5.24 -6.88
Professional Fees 2.86 5.26 5.08 5.10 4.70
Policyholder Benefits and Claims Incurred, Net - - - - -
Equipment, Postage and Supplies Net - - - - -
Federal Deposit Insurance Corporation Premium Expense 4.39 2.56 2.47 1.75 1.92
Other Noninterest Expense - - - - -
Check Card Processing 0.99 1.15 1.21 1.28 1.24
Branch Consolidation Expense 0.07 - - - -0.24
Branch Consolidation Expense Benefit -0.07 - - 0.07 0.35
Other loss/ -income 44.65 47.88 46.95 45.84 -8.82
Total Operating Expenses 60.19 64.48 62.93 61.31 59.73
Total Costs & Expenses 132.80 131.90 120.92 101.54 83.52
Income /-loss before income taxes 36.34 26.99 36.88 36.55 70.66
Income taxes expenses/-benefit 8.59 6.46 9.00 8.65 17.35
Income after income taxes 27.75 20.53 27.88 27.90 53.31
Net income/-loss of other equity 0.00 - 0.00 0.00 -
Income /-loss after income taxes 27.75 20.53 27.88 27.90 53.31
Stockholders Equity Attributable to Noncontrolling Interest 0.07 -0.14 0.09 0.02 0.04
Discontinued Operations - - - - -
Extraordinary Items - - - - -
Net Income/-loss 27.75 20.53 27.88 27.90 53.31
   Noncontrolling interests 0.07 -0.14 0.09 0.02 0.04
   Prefered dividends 1.00 1.00 1.00 1.00 1.00
   Other - - - - -
Income/-loss to shareholder 26.68 19.66 26.79 26.88 52.27


Per Share (GAAP Quarterly, in $) (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Basic EPS (excl. extra items) 0.46 0.33 0.45 0.46 0.89
   Extraordinary items 0.01 0.00 0.00 0.00 0.00
Basic Net EPS 0.45 0.33 0.45 0.46 0.89
Basic shares outstanding (Mill. of Units) 58.77 59.10 59.15 58.77 58.61
   EPS other shares - - - - -
Diluted Net EPS 0.45 0.33 0.45 0.46 0.89
Diluted average shares (Mill. of Units) 58.83 59.11 59.15 58.92 58.92
Dividend per share 0.201 0.2 0.217 0.217 0.216



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