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OCFC

OceanFirst Financial Corp.

OCFC

OceanFirst Financial Corp. • NASDAQ
$18.85 ▼ -0.11% (-0.02)
Market Cap $1.08 B
52w High $20.83
52w Low $14.29
Dividend Yield 0.80%
P/E 14.5
Volume 175.01K
Outstanding Shares 57.38M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $173.328M ▲ $75.157M ▲ $17.33M ▼ 9.998% ▼ $0.3 ▲ $26.188M ▼
Q2-2025 $165.402M ▲ $70.318M ▲ $19.046M ▼ 11.515% ▼ $0.28 ▼ $28.404M ▼
Q1-2025 $163.786M ▼ $63.124M ▼ $21.509M ▼ 13.132% ▲ $0.35 ▼ $31.815M ▲
Q4-2024 $170.718M ▼ $63.715M ▲ $21.909M ▼ 12.833% ▼ $0.36 ▼ $30.794M ▼
Q3-2024 $175.056M $62.583M $25.116M 14.347% $0.42 $36.175M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.536B ▲ $14.325B ▲ $12.671B ▲ $1.653B ▲
Q2-2025 $906.16M ▼ $13.328B ▲ $11.684B ▲ $1.643B ▼
Q1-2025 $909.889M ▼ $13.309B ▼ $11.6B ▼ $1.708B ▲
Q4-2024 $951.115M ▼ $13.421B ▼ $11.718B ▼ $1.702B ▲
Q3-2024 $1.126B $13.488B $11.794B $1.694B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $17.386M ▼ $24.411M ▼ $-888.195M ▼ $967.31M ▲ $103.526M ▲ $22.841M ▼
Q2-2025 $19.085M ▼ $28.583M ▲ $-23.68M ▼ $1.975M ▲ $6.878M ▼ $27.19M ▲
Q1-2025 $21.463M ▼ $-1.786M ▼ $123.612M ▲ $-81.72M ▲ $40.106M ▲ $-3.642M ▼
Q4-2024 $22.164M ▼ $44.803M ▲ $-8.598M ▲ $-126.761M ▼ $-90.556M ▼ $43.185M ▲
Q3-2024 $25.186M $-22.388M $-153.594M $208.955M $32.973M $-23.475M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Deposit Account
Deposit Account
 $10.00M ▲$10.00M ▲$0 ▼$0 ▲
Investment Advisory Management and Administrative Service
Investment Advisory Management and Administrative Service
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement OceanFirst’s revenue has been climbing over the past few years, showing steady business growth. However, profits have not kept pace with that growth. Earnings were stronger a couple of years ago and have since eased back, which suggests pressure on margins—likely from higher funding costs, competitive deposit rates, or credit costs. Overall, this looks like a bank that is growing its top line but working harder to turn that growth into bottom-line gains. Profitability remains positive, but not at its recent peak, which is something to watch in a rate-sensitive, competitive banking environment.

Balance Sheet

Balance Sheet The balance sheet shows a fairly stable and moderately growing institution. Total assets have expanded gradually, and shareholder equity has inched up over time, which points to a solid capital base. At the same time, the bank is now using more wholesale funding or other borrowings than it did a few years ago, reflecting a more leveraged profile than right after the pandemic. Cash levels are much lower than during the peak liquidity period in 2020, which is typical as emergency cash cushions get redeployed into loans and securities. Overall, the balance sheet looks sound but more fully utilized, with less excess liquidity and a bit more reliance on debt than before.

Cash Flow

Cash Flow Cash generation from the core business remains positive, but it is not as strong as it was at its best point in the last five years. Even so, OceanFirst has consistently produced more cash than it spends on investment in its own operations, leading to positive free cash flow. Capital spending has been relatively modest, which is common for banks that are more focused on technology, people, and systems than on heavy physical assets. The cash flow profile supports ongoing operations and strategic investments, but the weaker operating cash versus its peak period highlights the same profitability and margin pressures visible in the income statement.

Competitive Edge

Competitive Edge OceanFirst occupies a middle ground between small community banks and large national players. Its long history and deep community roots in New Jersey create strong local relationships and brand recognition. Expansion into larger metropolitan areas gives it broader growth opportunities and diversifies its loan and deposit base. The bank’s relationship-focused model, commercial banking capabilities, and specialized services (like treasury management and targeted lending programs) help it compete for higher-value customers. Still, it faces intense competition for deposits and loans from both big banks and fintechs, and it must continually manage credit quality and concentration risks, especially in commercial and real estate lending.

Innovation and R&D

Innovation and R&D While banks do not report “R&D” in the traditional sense, OceanFirst is clearly investing in innovation. Its strategy centers on blending digital tools with personal service—online and mobile platforms, a 24/7 virtual assistant, video teller services, and streamlined digital account opening and small-business lending. Partnerships with fintech firms and payments providers extend its capabilities without building everything in-house. The launch of a digital-only account and a high-touch Premier Banking service for affluent clients show targeted product innovation. Ongoing branch consolidation and reinvestment into technology suggest a deliberate shift toward a more digital, efficient operating model, which could strengthen its competitive edge if execution stays on track.

Summary

OceanFirst appears to be a steadily growing regional bank that is balancing tradition with modernization. Revenue has been rising, but profitability and cash generation have come off prior highs, pointing to margin and cost pressures that are typical in today’s banking environment. The balance sheet is generally solid, with growing equity and normalized liquidity, but also a greater use of borrowings than just after the pandemic. Strategically, the bank’s advantages lie in its community roots, expanding metropolitan footprint, and willingness to invest in digital capabilities and specialized services. Key areas to watch include credit quality as the loan book grows, the bank’s ability to defend and rebuild margins in a competitive, rate-sensitive market, and how effectively its technology and Premier Banking initiatives translate into stronger, more durable earnings over time.

NEWS

October 27, 2025 · 4:37 PM UTC

OceanFirst Financial Corp. Announces Pricing of Subordinated Notes Offering

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October 22, 2025 · 4:15 PM UTC

OceanFirst Financial Corp. Announces Third Quarter Financial Results

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October 2, 2025 · 4:00 PM UTC

OceanFirst Financial Corp. Schedules Earnings Conference Call

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