Oceanfirst Financial (OCFC) Divestments (2020 - 2023)

Oceanfirst Financial (OCFC) recorded quarterly Divestments of $4.2 million in Q2 2023, up 529.5% quarter-over-quarter from $661000.0 in Q1 2023, and down 68.37% on a YoY basis from $13.2 million in Q2 2022.

Oceanfirst Financial (OCFC) Divestments (2020 - 2023) Analysis & Trends

Oceanfirst Financial's Divestments history runs 4 years deep, the most recent figure standing at $4.2 million for Q2 2023.

  • In Q2 2023, Divestments fell 68.37% year-over-year to $4.2 million; the TTM figure through Mar 2024 stood at $4.2 million (down 72.83% YoY), while the FY2025 annual figure was $365000.0, changed N/A from the prior year.
  • Divestments was $4.2 million for Q2 2023 at Oceanfirst Financial, up from $661000.0 in the prior quarter.
  • In the past five years, Divestments ranged from a high of $99.1 million in Q1 2021 to a low of -$284000.0 in Q2 2021.
  • Historically, Divestments has averaged $11.7 million across 4 years, with a median of $1.2 million in 2020.
  • Biggest YoY gain for Divestments was 4732.04% in 2022; the steepest drop was 200.0% in 2022.
  • A 4-year view of Divestments shows it stood at $16.1 million in 2020, then plunged by 99.99% to $1000.0 in 2021, then tumbled by 200.0% to -$1000.0 in 2022, then surged by 416200.0% to $4.2 million in 2023.
  • The last three Divestments figures came in at $4.2 million (Q2 2023), $661000.0 (Q1 2023), and -$1000.0 (Q4 2022), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Divestments (Qtr)
1 Bank Of Chile 97,765.53 Bn 97,765.53 Bn - -
2 Bank Bradesco 6,846.93 Bn 6,830.99 Bn - -
3 Lloyds Banking 384.13 Bn 384.40 Bn - -
4 First Capital 215.78 Bn 215.63 Bn - -
5 Itau Unibanco Holding 202.78 Bn 202.78 Bn - -
6 Landmark Bancorp 180.37 Bn 180.34 Bn - -
7 NatWest 168.65 Bn -51.67 Bn - -
8 Shinhan Financial 136.54 Bn 104.11 Bn - 1.68 Bn
9 Mizuho Financial 112.02 Bn 112.56 Bn - -
10 Oceanfirst Financial 1.06 Bn 1.06 Bn -530,000.00 -

Historic Data

Download Data
DateValue
Jun 30, 2023 4.16 Mn
Mar 31, 2023 661,000.00
Dec 31, 2022 -1,000.00
Sep 30, 2022 1.50 Mn
Jun 30, 2022 13.16 Mn
Mar 31, 2022 4.58 Mn
Dec 31, 2021 1,000.00
Jun 30, 2021 -284,000.00
Mar 31, 2021 99.06 Mn
Dec 31, 2020 16.09 Mn
Sep 30, 2020 2,000.00
Jun 30, 2020 889,000.00