OceanFirst Financial Corp.

NasdaqGS:OCFC.P Stock Report

Market Cap: US$1.0b

OceanFirst Financial Past Earnings Performance

Past criteria checks 2/6

OceanFirst Financial has been growing earnings at an average annual rate of 8.8%, while the Banks industry saw earnings growing at 7% annually. Revenues have been growing at an average rate of 6.7% per year. OceanFirst Financial's return on equity is 6.3%, and it has net margins of 26.7%.

Key information

8.8%

Earnings growth rate

6.5%

EPS growth rate

Banks Industry Growth11.2%
Revenue growth rate6.7%
Return on equity6.3%
Net Margin26.7%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How OceanFirst Financial makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:OCFC.P Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 243811021980
30 Jun 24376972010
31 Mar 243861012050
31 Dec 233861002090
30 Sep 234201262100
30 Jun 234381442060
31 Mar 234351452020
31 Dec 224291431970
30 Sep 223901121950
30 Jun 22370981910
31 Mar 22365991860
31 Dec 213691061810
30 Sep 213921161750
30 Jun 21351871750
31 Mar 21339761730
31 Dec 20327611760
30 Sep 20287531690
30 Jun 20313841580
31 Mar 20307841520
31 Dec 19297891390
30 Sep 19292921370
30 Jun 19287911340
31 Mar 19282881330
31 Dec 18272721310
30 Sep 18250551220
30 Jun 18230441130
31 Mar 18208361010
31 Dec 1719242930
30 Sep 1718639920
30 Jun 1717535900
31 Mar 1716131840
31 Dec 1613823730
30 Sep 1612122650
30 Jun 1610518570
31 Mar 169319510
31 Dec 159220500
30 Sep 158920480
30 Jun 158820480
31 Mar 158820480
31 Dec 148820490
30 Sep 148917480
30 Jun 148817480
31 Mar 148617470
31 Dec 138416450

Quality Earnings: OCFC.P has high quality earnings.

Growing Profit Margin: OCFC.P's current net profit margins (26.7%) are lower than last year (29.9%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: OCFC.P's earnings have grown by 8.8% per year over the past 5 years.

Accelerating Growth: OCFC.P's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: OCFC.P had negative earnings growth (-18.9%) over the past year, making it difficult to compare to the Banks industry average (-11.8%).

Return on Equity

High ROE: OCFC.P's Return on Equity (6.3%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 16:00
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

OceanFirst Financial Corp. is covered by 19 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Erik ZwickBoenning & Scattergood, Inc.
Manuel NavasD.A. Davidson & Co.
null nullD.A. Davidson & Co.