CSIMarket
 


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

OCFC's Revenue Growth by Quarter and Year

Oceanfirst Financial 's Revenue results by quarter and year




OCFC Revenue (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 96.53 130.39 90.19 80.45
III Quarter September 91.48 110.10 92.28 83.37
II Quarter June 99.81 97.08 95.06 74.23
I Quarter March 97.86 91.23 49.25 74.63
FY   385.68 428.80 326.78 312.68



OCFC Revenue fourth quarter 2023 Y/Y Growth Comment
Oceanfirst Financial Corp reported fall in Revenue in the fourth quarter 2023 by -25.97% to $ 96.53 millions, from the same quarter in 2022.
The drop in the fourth quarter 2023 Oceanfirst Financial Corp 's Revenue compares unfavorably to the Company's average Revenue rise of 20.28%.

Looking into fourth quarter 2023 results within Commercial Banks industry 6 other companies have achieved higher Revenue growth. While Oceanfirst Financial Corp ' s Revenue drop of -25.97% ranks overall at the positon no. 407 in the fourth quarter 2023.




OCFC Revenue ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -25.97 % 44.57 % 12.11 % 8.19 %
III Quarter September -16.91 % 19.31 % 10.69 % 13.77 %
II Quarter June 2.81 % 2.12 % 28.06 % 5.92 %
I Quarter March 7.27 % 85.24 % -34.01 % 8.35 %
FY   -10.06 % 31.22 % 4.51 % 9.1 %

Financial Statements
Oceanfirst Financial 's fourth quarter 2023 Revenue $ 96.53 millions OCFC's Income Statement
Oceanfirst Financial 's fourth quarter 2022 Revenue $ 130.39 millions Quarterly OCFC's Income Statement
New: More OCFC's historic Revenue Growth >>


OCFC Revenue (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December 5.52 % 18.43 % -2.26 % -3.5 %
III Quarter September -8.35 % 13.41 % -2.92 % 12.31 %
II Quarter June 1.99 % 6.41 % 93.02 % -0.54 %
I Quarter March -24.95 % 1.15 % -38.78 % 0.36 %
FY (Year on Year)   -10.06 % 31.22 % 4.51 % 9.1 %




Revenue fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry #7
Financial Sector #85
Overall #407

Revenue Y/Y Growth Statistics
High Average Low
72.48 % 20.28 % -10.06 %
(Mar 31 2017)   (Dec 31 2023)
Revenue fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry #7
Financial Sector #85
Overall #407
Revenue Y/Y Growth Statistics
High Average Low
72.48 % 20.28 % -10.06 %
(Mar 31 2017)   (Dec 31 2023)

Revenue by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Oceanfirst Financial 's Q/Q Revenue Growth


Revenue Q/Q Growth Statistics
High Average Low
46.48 % 2.66 % -38.78 %
(Jun 30 2016)  


OCFC's IV. Quarter Q/Q Revenue Comment
Oceanfirst Financial Corp achieved in the IV. Quarter 2023 above company average sequential Revenue increase of 5.52%, to $ 96.53 millions, from $91.48 millions in the third quarter.

Within Commercial Banks industry 2 other companies have achieved higher Revenue quarter on quarter growth. While Oceanfirst Financial 's Revenue growth quarter on quarter, overall rank is 393.


Revenue Q/Q Growth Company Ranking
Within: No.
Commercial Banks Industry #3
Financial Sector #65
Overall #393
Revenue Q/Q Growth Company Ranking
Within: No.
Commercial Banks Industry #3
Financial Sector #65
Overall #393
Revenue Q/Q Growth Statistics
High Average Low
46.48 % 2.66 % -38.78 %
(Jun 30 2016)  


OCFC's IV. Quarter Q/Q Revenue Comment
Oceanfirst Financial Corp achieved in the IV. Quarter 2023 above company average sequential Revenue increase of 5.52%, to $ 96.53 millions, from $91.48 millions in the third quarter.

Within Commercial Banks industry 2 other companies have achieved higher Revenue quarter on quarter growth. While Oceanfirst Financial 's Revenue growth quarter on quarter, overall rank is 393.


Oceanfirst Financial 's 12 Months Revenue Growth Year on Year


Revenue 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 Revenue 12 Months Ending $ 385.68 $ 419.54 $ 438.16 $ 435.44 $ 428.80
Y / Y Revenue Growth (TTM) -10.06 % 7.96 % 18.17 % 18.08 % 31.22 %
Year on Year Revenue Growth Overall Ranking # 110 # 772 # 390 # 89 # 1588
Seqeuential Revenue Change (TTM) -8.07 % -4.25 % 0.63 % 1.55 % 10.34 %
Seq. Revenue Growth (TTM) Overall Ranking # 407 # 973 # 1184 # 1522 # 1684




Cumulative Revenue growth Comment
For the 12 months ended Dec 31 2023 Oceanfirst Financial reported a decline in Revenue by -10.06% year on year, to $386 millions, compare to the 7.96% growth at Sep 30 2023.

Within the Financial sector 25 other companies have achieved higher trailing twelve month Revenue growth. While Total ranking has impoved so far to 110, from total ranking in previous quarter at 772.

Revenue TTM Q/Q Growth Statistics
High Average Low
72.48 %
20.28 %
-10.06 %
 

Revenue TTM Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry # 7
Financial Sector # 26
Overall # 110

Revenue TTM Y/Y Growth Statistics
High Average Low
72.48 %
20.28 %
-10.06 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 7
Sector # 85
S&P 500 # 407
Cumulative Revenue growth Comment
For the 12 months ended Dec 31 2023 Oceanfirst Financial reported a decline in Revenue by -10.06% year on year, to $386 millions, compare to the 7.96% growth at Sep 30 2023.

Within the Financial sector 25 other companies have achieved higher trailing twelve month Revenue growth. While Total ranking has impoved so far to 110, from total ranking in previous quarter at 772.

Revenue TTM Q/Q Growth Statistics
High Average Low
72.48 %
20.28 %
-10.06 %
 


Revenue TTM Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry # 7
Financial Sector # 26
Overall # 110

Revenue TTM Y/Y Growth Statistics
High Average Low
72.48 %
20.28 %
-10.06 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 7
Sector # 85
S&P 500 # 407




Other Revenue Growth
Commercial Banks Industry Revenue Growth Trends and Statistics
Financial Sector Revenue Growth Statistics
Revenue Growth Trends for overall market
OCFC's Revenue Growth Ratio versus Commercial Banks Industry, Financial Sector and total Market
Highest Ranking Revenue Growth
Lowest Ranking Revenue Growth
Revenue Growth for OCFC's Competitors
Revenue Growth for Oceanfirst Financial 's Suppliers
Revenue 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 Revenue decline for the quarter ending Dec 31 2023 within Financial SectorY/Y Change %Revenue for the quarter ending Dec 31 2023
Ameris Bancorp-0.08%$ -0.083 millions
Hilltop Holdings Inc -0.22%$ -0.224 millions
South State Corp-0.59%$ -0.589 millions
Hamilton Lane Inc-0.59%$ -0.590 millions
Citizens Inc -0.61%$ -0.607 millions
Pra Group Inc -0.64%$ -0.643 millions
City Office Reit Inc -0.65%$ -0.655 millions
Unity Bancorp inc -0.70%$ -0.695 millions
Codorus Valley Bancorp Inc -0.70%$ -0.702 millions
Capital Bancorp Inc-0.75%$ -0.747 millions
Skyline Bankshares Inc -0.79%$ -0.791 millions
Kbs Real Estate Investment Trust Iii Inc -0.87%$ -0.868 millions
Sabra Health Care Reit Inc -0.96%$ -0.963 millions
Alpine Income Property Trust inc -0.99%$ -0.992 millions
Fifth Third Bancorp-1.22%$ -1.221 millions
City Holding Company-1.25%$ -1.254 millions
C and F Financial Corporation-1.29%$ -1.293 millions
Baycom Corp-1.36%$ -1.362 millions
Gladstone Land Corp-1.37%$ -1.367 millions
Sba Communications Corporation-1.61%$ -1.613 millions
Independent Bank Corporation-1.69%$ -1.687 millions
Barclays Bank Plc-1.93%$ -1.934 millions
Red River Bancshares Inc -2.09%$ -2.095 millions
Jbg Smith Properties-2.10%$ -2.097 millions
Sumitomo Mitsui Financial Group Inc -2.10%$ -2.102 millions
Franklin Financial Services Corporation-2.12%$ -2.118 millions
Healthcare Realty Trust Incorporated-2.25%$ -2.254 millions
Cnb Financial Corp-2.29%$ -2.287 millions
Brightspire Capital Inc -2.32%$ -2.324 millions
Service Properties Trust-2.45%$ -2.454 millions




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com