Oceanfirst Financial (OCFC) Asset Writedowns and Impairment (2011 - 2023)

Oceanfirst Financial's Asset Writedowns and Impairment history runs 7 years deep, the most recent figure standing at $459000.0 for Q2 2023.

• In Q2 2023, Asset Writedowns and Impairment rose 46000.0% year-over-year to $459000.0; the TTM figure through Sep 2024 stood at $459000.0 (down 10.7% YoY), while the FY2023 annual figure was $459000.0, down 69.03% from the prior year.
• Asset Writedowns and Impairment was $459000.0 for Q2 2023 at Oceanfirst Financial, up from $55000.0 in the prior quarter.
• In the past five years, Asset Writedowns and Impairment ranged from a high of $5.8 million in Q2 2019 to a low of -$1000.0 in Q2 2022.
• Historically, Asset Writedowns and Impairment has averaged $1.4 million across 4 years, with a median of $443000.0 in 2021.
• The sharpest annual moves came in 2022 and 2023: Asset Writedowns and Impairment tumbled 100.8% in 2022, then soared 46000.0% in 2023.
• A 4-year view of Asset Writedowns and Impairment shows it stood at $243000.0 in 2019, then jumped by 1823.05% to $4.7 million in 2021, then plunged by 98.82% to $55000.0 in 2022, then soared by 734.55% to $459000.0 in 2023.
• The last three Asset Writedowns and Impairment figures came in at $459000.0 (Q2 2023), $55000.0 (Q4 2022), and $24000.0 (Q3 2022), per Business Quant data.