OceanFirst Historical Income Statement

OCFC Stock

USD 20.68 0.16 0.77%

Historical analysis of OceanFirst Financial income statement accounts such as Total Revenue of 405 M can show how well OceanFirst Financial Corp performed in making a profits. Evaluating OceanFirst Financial income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of OceanFirst Financial's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining OceanFirst Financial Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether OceanFirst Financial Corp is a good buy for the upcoming year.

Net Income Gross Profit

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OceanFirst Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

About OceanFirst Income Statement Analysis

OceanFirst Financial Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to OceanFirst Financial shareholders. The income statement also shows OceanFirst investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

OceanFirst Financial Income Statement Chart

At present, OceanFirst Financial's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Selling General Administrative is expected to grow to about 154.3 M, whereas Operating Income is forecasted to decline to about 69.8 M.

Selling General Administrative Gross Profit Other Operating Expenses Net Income From Continuing Ops

Gross Profit

Gross profit is a required income statement account that reflects total revenue of OceanFirst Financial Corp minus its cost of goods sold. It is profit before OceanFirst Financial operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of OceanFirst Financial Corp. It is also known as OceanFirst Financial overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most accounts from OceanFirst Financial's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into OceanFirst Financial Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OceanFirst Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

	2021	2022	2023	2024 (projected)
Interest Expense	36.8M	53.7M	238.2M	250.2M
Depreciation And Amortization	14.9M	16.4M	16.4M	17.2M

Interest Expense Depreciation And Amortization

OceanFirst Financial income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling And Marketing Expenses	Cost Of Revenue	Net Income From Continuing Ops	Non Recurring	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		0.65	0.98	0.98	0.89	0.94	0.78	0.21	0.3	0.12	0.92	-0.36	0.93	0.84	0.79	-0.45	0.87	0.27	0.79	0.96	0.92	0.39	0.94
Interest Expense	0.65		0.66	0.64	0.91	0.56	0.38	-0.53	-0.45	0.63	0.58	-0.18	0.58	0.57	0.49	-0.93	0.5	-0.1	0.57	0.62	0.7	0.61	0.62
Selling General Administrative	0.98	0.66		0.99	0.9	0.95	0.76	0.19	0.27	0.11	0.92	-0.37	0.93	0.85	0.75	-0.47	0.86	0.22	0.79	0.96	0.93	0.37	0.94
Total Revenue	0.98	0.64	0.99		0.89	0.96	0.8	0.24	0.33	0.13	0.94	-0.35	0.95	0.88	0.78	-0.43	0.89	0.23	0.82	0.97	0.93	0.35	0.93
Gross Profit	0.89	0.91	0.9	0.89		0.8	0.62	-0.2	-0.11	0.48	0.84	-0.27	0.83	0.81	0.68	-0.79	0.75	0.04	0.77	0.85	0.88	0.5	0.82
Other Operating Expenses	0.94	0.56	0.95	0.96	0.8		0.75	0.27	0.35	-0.03	0.85	-0.43	0.86	0.77	0.73	-0.3	0.81	0.3	0.72	0.94	0.9	0.4	0.91
Operating Income	0.78	0.38	0.76	0.8	0.62	0.75		0.54	0.6	0.05	0.88	-0.49	0.9	0.78	0.61	-0.12	0.94	0.13	0.82	0.87	0.82	0.08	0.84
Ebit	0.21	-0.53	0.19	0.24	-0.2	0.27	0.54		1.0	-0.53	0.34	-0.25	0.35	0.27	0.14	0.72	0.4	0.27	0.25	0.27	0.13	-0.49	0.25
Ebitda	0.3	-0.45	0.27	0.33	-0.11	0.35	0.6	1.0		-0.51	0.42	-0.28	0.43	0.34	0.21	0.66	0.47	0.29	0.32	0.36	0.21	-0.44	0.33
Total Operating Expenses	0.12	0.63	0.11	0.13	0.48	-0.03	0.05	-0.53	-0.51		0.25	0.11	0.2	0.41	0.03	-0.76	0.15	-0.43	0.42	0.12	0.2	0.04	-0.03
Income Before Tax	0.92	0.58	0.92	0.94	0.84	0.85	0.88	0.34	0.42	0.25		-0.31	1.0	0.96	0.67	-0.39	0.95	0.03	0.92	0.93	0.88	0.11	0.87
Total Other Income Expense Net	-0.36	-0.18	-0.37	-0.35	-0.27	-0.43	-0.49	-0.25	-0.28	0.11	-0.31		-0.31	-0.26	-0.04	-0.01	-0.33	-0.12	-0.3	-0.41	-0.37	-0.03	-0.41
Net Income	0.93	0.58	0.93	0.95	0.83	0.86	0.9	0.35	0.43	0.2	1.0	-0.31		0.93	0.69	-0.38	0.95	0.08	0.89	0.94	0.89	0.15	0.9
Income Tax Expense	0.84	0.57	0.85	0.88	0.81	0.77	0.78	0.27	0.34	0.41	0.96	-0.26	0.93		0.56	-0.44	0.88	-0.13	0.96	0.85	0.81	-0.02	0.71
Selling And Marketing Expenses	0.79	0.49	0.75	0.78	0.68	0.73	0.61	0.14	0.21	0.03	0.67	-0.04	0.69	0.56		-0.37	0.75	0.47	0.61	0.82	0.85	0.65	0.77
Cost Of Revenue	-0.45	-0.93	-0.47	-0.43	-0.79	-0.3	-0.12	0.72	0.66	-0.76	-0.39	-0.01	-0.38	-0.44	-0.37		-0.3	0.21	-0.43	-0.39	-0.51	-0.54	-0.37
Net Income From Continuing Ops	0.87	0.5	0.86	0.89	0.75	0.81	0.94	0.4	0.47	0.15	0.95	-0.33	0.95	0.88	0.75	-0.3		0.08	0.92	0.95	0.92	0.18	0.86
Non Recurring	0.27	-0.1	0.22	0.23	0.04	0.3	0.13	0.27	0.29	-0.43	0.03	-0.12	0.08	-0.13	0.47	0.21	0.08		-0.17	0.22	0.18	0.42	0.31
Tax Provision	0.79	0.57	0.79	0.82	0.77	0.72	0.82	0.25	0.32	0.42	0.92	-0.3	0.89	0.96	0.61	-0.43	0.92	-0.17		0.87	0.86	0.04	0.68
Net Interest Income	0.96	0.62	0.96	0.97	0.85	0.94	0.87	0.27	0.36	0.12	0.93	-0.41	0.94	0.85	0.82	-0.39	0.95	0.22	0.87		0.98	0.38	0.93
Interest Income	0.92	0.7	0.93	0.93	0.88	0.9	0.82	0.13	0.21	0.2	0.88	-0.37	0.89	0.81	0.85	-0.51	0.92	0.18	0.86	0.98		0.49	0.9
Reconciled Depreciation	0.39	0.61	0.37	0.35	0.5	0.4	0.08	-0.49	-0.44	0.04	0.11	-0.03	0.15	-0.02	0.65	-0.54	0.18	0.42	0.04	0.38	0.49		0.46
Extraordinary Items	0.94	0.62	0.94	0.93	0.82	0.91	0.84	0.25	0.33	-0.03	0.87	-0.41	0.9	0.71	0.77	-0.37	0.86	0.31	0.68	0.93	0.9	0.46

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OceanFirst Financial Account Relationship Matchups

OceanFirst Financial income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	12.2M	14.7M	14.9M	16.4M	16.4M	17.2M
Interest Expense	52.8M	66.7M	36.8M	53.7M	238.2M	250.2M
Selling General Administrative	107.0M	136.5M	147.7M	139.3M	147.0M	154.3M
Total Revenue	292.2M	367.2M	352.1M	431.6M	385.7M	405.0M
Gross Profit	252.3M	322.1M	310.7M	388.2M	640.9M	672.9M
Other Operating Expenses	184.8M	286.1M	209.8M	234.9M	209.0M	219.5M
Operating Income	107.4M	81.0M	142.2M	246.9M	136.9M	69.8M
Ebit	99.2M	81.1M	142.3M	194.0M	(35.0M)	(33.2M)
Ebitda	111.4M	95.8M	157.1M	210.4M	(19.3M)	(18.3M)
Total Operating Expenses	(184.8M)	(286.1M)	(209.8M)	234.9M	398.7M	418.7M
Income Before Tax	107.4M	81.0M	142.2M	193.9M	136.8M	143.6M
Total Other Income Expense Net	107.7M	(70.9M)	(46.1M)	(38.1M)	(92K)	(96.6K)
Net Income	88.6M	63.3M	110.1M	146.6M	104.0M	109.2M
Income Tax Expense	18.8M	17.7M	32.2M	46.6M	32.7M	34.3M
Selling And Marketing Expenses	3.5M	3.1M	2.2M	2.9M	4.2M	2.3M
Cost Of Revenue	39.8M	45.1M	41.4M	43.4M	(255.2M)	(242.4M)
Net Income Applicable To Common Shares	88.6M	61.2M	106.1M	142.6M	164.0M	172.2M
Net Income From Continuing Ops	88.6M	63.3M	110.1M	147.4M	129.6M	65.5M
Non Recurring	10.5M	15.9M	1.5M	2.7M	3.1M	3.0M
Tax Provision	18.8M	17.7M	32.2M	46.6M	41.5M	26.4M
Net Interest Income	256.0M	313.0M	305.3M	377.5M	388.4M	274.6M
Interest Income	308.8M	379.6M	342.1M	431.2M	577.8M	333.0M
Reconciled Depreciation	12.4M	14.6M	5.5M	4.7M	16.5M	11.7M

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When determining whether OceanFirst Financial Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of OceanFirst Financial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Oceanfirst Financial Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Oceanfirst Financial Corp Stock:

How To Invest In OceanFirst

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Is OceanFirst Stock a good investment?

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What is OceanFirst Financial's Net Worth?

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Largest Regional Banks Companies

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Largest Banks - Regional Companies

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You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of OceanFirst Financial. If investors know OceanFirst will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about OceanFirst Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.258

Dividend Share

0.8

Earnings Share

1.75

Revenue Per Share

6.515

Quarterly Revenue Growth

0.054

The market value of OceanFirst Financial Corp is measured differently than its book value, which is the value of OceanFirst that is recorded on the company's balance sheet. Investors also form their own opinion of OceanFirst Financial's value that differs from its market value or its book value, called intrinsic value, which is OceanFirst Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because OceanFirst Financial's market value can be influenced by many factors that don't directly affect OceanFirst Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between OceanFirst Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if OceanFirst Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OceanFirst Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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OceanFirst Historical Income Statement

About OceanFirst Income Statement Analysis

OceanFirst Financial Income Statement Chart

Gross Profit

Other Operating Expenses

OceanFirst Financial income statement Correlations

OceanFirst Financial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

OceanFirst Financial income statement Accounts

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Ebitda	+ 1.0	Ebit
Net Income	+ 1.0	Income Before Tax
Total Revenue	+ 0.99	Selling General Administrative
Selling General Administrative	+ 0.98	Depreciation And Amortization
Total Revenue	+ 0.98	Depreciation And Amortization
Interest Income	+ 0.98	Net Interest Income

Cost Of Revenue	- 0.93	Interest Expense
Cost Of Revenue	- 0.79	Gross Profit
Cost Of Revenue	- 0.76	Total Operating Expenses
Reconciled Depreciation	- 0.54	Cost Of Revenue
Total Operating Expenses	- 0.53	Ebit
Ebit	- 0.53	Interest Expense