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Oceanfirst Financial Corp   (OCFC)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 

OCFC's Capital Expenditures Growth by Quarter and Year

Oceanfirst Financial 's Capital Expenditures results by quarter and year




OCFC Capital Expenditures (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 1.65 1.75 11.24 1.80
III Quarter September 1.35 7.40 9.91 1.80
II Quarter June 2.56 4.04 5.34 1.83
I Quarter March 2.15 7.71 5.42 1.59
FY   7.71 20.90 31.91 7.02



OCFC Capital Expenditures fourth quarter 2023 Y/Y Growth Comment
Oceanfirst Financial Corp reported decrease in Capital Expenditures in the fourth quarter 2023 by -5.94% to $ 1.65 millions, from the same quarter in 2022.
The decrease in the fourth quarter 2023 Oceanfirst Financial Corp 's Capital Expenditures compares unfavorably to the Company's average Capital Expenditures doubling of 110.27%.

Looking into fourth quarter 2023 results within Commercial Banks industry 17 other companies have achieved higher Capital Expenditures growth. While Oceanfirst Financial Corp ' s Capital Expenditures decline of -5.94% ranks overall at the positon no. 1059 in the fourth quarter 2023.




OCFC Capital Expenditures ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -5.94 % -84.43 % 524.44 % 119.51 %
III Quarter September -81.76 % -25.33 % 450.56 % 114.29 %
II Quarter June -36.63 % -24.34 % 191.8 % 72.64 %
I Quarter March -72.11 % 42.25 % 240.88 % -59.02 %
FY   -63.13 % -34.5 % 354.56 % 6.36 %

Financial Statements
Oceanfirst Financial 's fourth quarter 2023 Capital Expenditures $ 1.65 millions OCFC's Income Statement
Oceanfirst Financial 's fourth quarter 2022 Capital Expenditures $ 1.75 millions Quarterly OCFC's Income Statement
New: More OCFC's historic Capital Expenditures Growth >>


OCFC Capital Expenditures (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December 21.93 % -76.35 % 13.42 % 0 %
III Quarter September -47.27 % 83.17 % 85.58 % -1.64 %
II Quarter June 19.07 % -47.6 % -1.48 % 15.09 %
I Quarter March 22.86 % -31.41 % 201.11 % 93.9 %
FY (Year on Year)   -63.13 % -34.5 % 354.56 % 6.36 %




Capital Expenditures fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry #18
Financial Sector #173
Overall #1059

Capital Expenditures Y/Y Growth Statistics
High Average Low
841.39 % 110.27 % -91.4 %
(Dec 31 2017)   (Sep 30 2019)
Capital Expenditures fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry #18
Financial Sector #173
Overall #1059
Capital Expenditures Y/Y Growth Statistics
High Average Low
841.39 % 110.27 % -91.4 %
(Dec 31 2017)   (Sep 30 2019)

Capital Expenditures by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Oceanfirst Financial 's Q/Q Capital Expenditures Growth


Capital Expenditures Q/Q Growth Statistics
High Average Low
533.47 % 26.71 % -100 %
(Sep 30 2016)  


OCFC's IV. Quarter Q/Q Capital Expenditures Comment
Oceanfirst Financial Corp achieved in the IV. Quarter 2023 below company average Capital Expenditures jump of 21.93% quarter on quarter, to $ 1.65 millions.

Albeit the IV. Quarter 2023 performance was lower than the average , this was still promising sign, as the IV. Quarter improvement, outshines the -76.35% Capital Expenditures rise in the IV. Quarter 2022

Within Commercial Banks industry 10 other companies have achieved higher Capital Expenditures quarter on quarter growth. While Oceanfirst Financial 's Capital Expenditures growth quarter on quarter, overall rank is 546.


Capital Expenditures Q/Q Growth Company Ranking
Within: No.
Commercial Banks Industry #11
Financial Sector #87
Overall #546
Capital Expenditures Q/Q Growth Company Ranking
Within: No.
Commercial Banks Industry #11
Financial Sector #87
Overall #546
Capital Expenditures Q/Q Growth Statistics
High Average Low
533.47 % 26.71 % -100 %
(Sep 30 2016)  


OCFC's IV. Quarter Q/Q Capital Expenditures Comment
Oceanfirst Financial Corp achieved in the IV. Quarter 2023 below company average Capital Expenditures jump of 21.93% quarter on quarter, to $ 1.65 millions.

IV. Quarter 2023 Oceanfirst Financial 's performance seem to be a mixed bag, albeit below the regular, yet it shows absolute improvement relative to the -76.35% in the IV. Quarter 2022 Rune Maes, market contributor situated in Brussel said.

Within Commercial Banks industry 10 other companies have achieved higher Capital Expenditures quarter on quarter growth. While Oceanfirst Financial 's Capital Expenditures growth quarter on quarter, overall rank is 546.


Oceanfirst Financial 's 12 Months Capital Expenditures Growth Year on Year


Capital Expenditures TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Capital Expenditures 12 Months Ending $ 7.71 $ 7.81 $ 13.87 $ 15.34 $ 20.90
Y / Y Capital Expenditures Growth (TTM) -63.11 % -74.3 % -57.85 % -55.14 % -34.52 %
Year on Year Capital Expenditures Growth Overall Ranking # 1081 # 442 # 83 # 7 # 61
Seqeuential Capital Expenditures Change (TTM) -1.32 % -43.68 % -9.6 % -26.58 % -31.24 %
Seq. Capital Expenditures Growth (TTM) Overall Ranking # 1059 # 1066 # 838 # 242 # 603




Cumulative Capital Expenditures growth Comment
Oceanfirst Financial showed decline, but improvement compare to trailing twelve month Capital Expenditures decrease in Sep 30 2023. If the fiscal year would end in Dec 31 2023, Oceanfirst Financial 's annual Capital Expenditures drop would be -63.11% year on year to $8 millions.

In the Financial sector 177 other companies have achieved higher trailing twelve month Capital Expenditures growth. While Capital Expenditures growth total ranking has deteriorated compare to previous quarter from 442 to 1081.

Capital Expenditures TTM Q/Q Growth Statistics
High Average Low
841.39 %
110.27 %
-91.4 %
 

Capital Expenditures TTM Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry # 18
Financial Sector # 178
Overall # 1081

Capital Expenditures TTM Y/Y Growth Statistics
High Average Low
841.39 %
110.27 %
-91.4 %
 


Capital Expenditures TTM Q/Q Growth Company Ranking
Within: No.
Industry # 18
Sector # 173
S&P 500 # 1059
Cumulative Capital Expenditures growth Comment
Oceanfirst Financial showed decline, but improvement compare to trailing twelve month Capital Expenditures decrease in Sep 30 2023. If the fiscal year would end in Dec 31 2023, Oceanfirst Financial 's annual Capital Expenditures drop would be -63.11% year on year to $8 millions.

In the Financial sector 177 other companies have achieved higher trailing twelve month Capital Expenditures growth. While Capital Expenditures growth total ranking has deteriorated compare to previous quarter from 442 to 1081.

Capital Expenditures TTM Q/Q Growth Statistics
High Average Low
841.39 %
110.27 %
-91.4 %
 


Capital Expenditures TTM Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry # 18
Financial Sector # 178
Overall # 1081

Capital Expenditures TTM Y/Y Growth Statistics
High Average Low
841.39 %
110.27 %
-91.4 %
 


Capital Expenditures TTM Q/Q Growth Company Ranking
Within: No.
Industry # 18
Sector # 173
S&P 500 # 1059




Other Capital Expenditures Growth
Commercial Banks Industry Capital Expenditures Growth Trends and Statistics
Financial Sector Capital Expenditures Growth Statistics
Capital Expenditures Growth Trends for overall market
OCFC's Capital Expenditures Growth Ratio versus Commercial Banks Industry, Financial Sector and total Market
Highest Ranking Capital Expenditures Growth
Lowest Ranking Capital Expenditures Growth
Capital Expenditures Growth for OCFC's Competitors
Capital Expenditures Growth for Oceanfirst Financial 's Suppliers
Capital Expenditures Growth for OCFC's Customers

You may also want to know
OCFC's Annual Growth Rates OCFC's Profitability Ratios OCFC's Asset Turnover Ratio OCFC's Dividend Growth
OCFC's Roe OCFC's Valuation Ratios OCFC's Financial Strength Ratios OCFC's Dividend Payout Ratio
OCFC's Roa OCFC's Inventory Turnover Ratio OCFC's Growth Rates OCFC's Dividend Comparisons



Companies with similar Capital Expenditures drop for the quarter ending Dec 31 2023 within Financial SectorY/Y Change %Capital Expenditures for the quarter ending Dec 31 2023
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Ames National Corporation-4.89%$ -4.891 millions
Sba Communications Corporation-5.10%$ -5.103 millions
Oceanfirst Financial Corp -5.89%$ -5.889 millions
Equifax inc -6.66%$ -6.662 millions
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Capital one financial corp-10.00%$ -10.000 millions
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