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Oceanfirst Financial (OCFC) Asset Writedowns and Impairment: 2009-2023

Historic Asset Writedowns and Impairment for Oceanfirst Financial (OCFC) over the last 9 years, with Dec 2023 value amounting to $459,000.

  • Oceanfirst Financial's Asset Writedowns and Impairment rose 46000.00% to $459,000 in Q2 2023 from the same period last year, while for Jun 2023 it was $537,000, marking a year-over-year decrease of 93.78%. This contributed to the annual value of $459,000 for FY2023, which is 69.03% down from last year.
  • Per Oceanfirst Financial's latest filing, its Asset Writedowns and Impairment stood at $459,000 for FY2023, which was down 69.03% from $1.5 million recorded in FY2022.
  • Over the past 5 years, Oceanfirst Financial's Asset Writedowns and Impairment peaked at $7.8 million during FY2021, and registered a low of $459,000 during FY2023.
  • Over the past 3 years, Oceanfirst Financial's median Asset Writedowns and Impairment value was $1.5 million (recorded in 2022), while the average stood at $3.2 million.
  • Its Asset Writedowns and Impairment has fluctuated over the past 5 years, first spiked by 102.10% in 2021, then crashed by 80.97% in 2022.
  • Over the past 5 years, Oceanfirst Financial's Asset Writedowns and Impairment (Yearly) stood at $7.5 million in 2019, then slumped by 48.84% to $3.9 million in 2020, then spiked by 102.10% to $7.8 million in 2021, then crashed by 80.97% to $1.5 million in 2022, then tumbled by 69.03% to $459,000 in 2023.