Oceanfirst Financial (OCFC) Asset Writedowns and Impairment (2011 - 2023)
Oceanfirst Financial (OCFC) posted Asset Writedowns and Impairment of $459000.0 for Q2 2023, up 734.55% on a QoQ basis from $55000.0 in Q4 2022, and up 46000.0% year-over-year from N/an in Q2 2022.
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Analysis
Oceanfirst Financial (OCFC) Asset Writedowns and Impairment (2011 - 2023) Analysis & Trends
Oceanfirst Financial has reported Asset Writedowns and Impairment for 7 years, with the latest figure at $459000.0 in Q2 2023.
- On a quarterly basis, Asset Writedowns and Impairment rose 46000.0% year-over-year to $459000.0 in Q2 2023; TTM through Sep 2024 was $459000.0, a 10.7% decrease from a year earlier, with the FY2023 full-year figure at $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.
- The five-year high for Asset Writedowns and Impairment was $5.8 million in Q2 2019, with the low at -$1000.0 in Q2 2022.
- Average Asset Writedowns and Impairment over 4 years is $1.4 million, with a median of $443000.0 recorded in 2021.
- The sharpest annual moves came in 2022 and 2023: Asset Writedowns and Impairment slumped 100.8% in 2022, then jumped 46000.0% in 2023.
- Over 4 years, Asset Writedowns and Impairment stood at $243000.0 in 2019, then surged by 1823.05% to $4.7 million in 2021, then tumbled by 98.82% to $55000.0 in 2022, then jumped 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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Banco Santander Chile | 439.96 Bn | 559.90 Bn | - |
| 2 | Truist Financial | 58.71 Bn | 58.71 Bn | - |
| 3 | Fifth Third Bancorp | 47.86 Bn | 24.13 Bn | - |
| 4 | M&T Bank | 32.26 Bn | 32.26 Bn | - |
| 5 | Huntington Bancshares | 31.70 Bn | 27.21 Bn | - |
| 6 | Citizens Financial | 27.67 Bn | 27.67 Bn | - |
| 7 | Regions Financial | 23.78 Bn | 23.85 Bn | - |
| 8 | Keycorp | 21.85 Bn | -25.84 Bn | - |
| 9 | First Citizens Bancshares | 21.48 Bn | 20.95 Bn | 29.00 Mn |
| 10 | Oceanfirst Financial | 1.22 Bn | 1.22 Bn | -4.36 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2023 | 459,000.00 |
| Dec 31, 2022 | 55,000.00 |
| Sep 30, 2022 | 24,000.00 |
| Jun 30, 2022 | -1,000.00 |
| Mar 31, 2022 | 1.40 Mn |
| Dec 31, 2021 | 4.67 Mn |
| Sep 30, 2021 | 2.56 Mn |
| Jun 30, 2021 | 125,000.00 |
| Mar 31, 2021 | 427,000.00 |
| Dec 31, 2019 | 243,000.00 |
| Sep 30, 2019 | 1.46 Mn |
| Jun 30, 2019 | 5.83 Mn |
| Dec 31, 2018 | 280,000.00 |
| Sep 30, 2018 | 2.96 Mn |
| Jun 30, 2018 | 782,000.00 |
| Mar 31, 2018 | 4,000.00 |
| Dec 31, 2017 | -266,000.00 |
| Sep 30, 2017 | 1.37 Mn |
| Jun 30, 2017 | 4.98 Mn |
| Sep 30, 2011 | 148,000.00 |
API Access
Oceanfirst Financial Asset Writedowns and Impairment API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-writedowns-and-impairment&ticker=OCFC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-writedowns-and-impairment", "ticker": "OCFC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-writedowns-and-impairment&ticker=OCFC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();