Oceanfirst Financial (OCFC) Divestments (2020 - 2023)
Oceanfirst Financial's (OCFC) quarterly Divestments came in at $4.2 million in Q2 2023, down 68.37% year-on-year from $13.2 million in Q2 2022, and up 529.5% quarter-over-quarter from $661000.0 in Q1 2023.
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.
- On a quarterly basis, Divestments fell 68.37% year-over-year to $4.2 million in Q2 2023; TTM through Mar 2024 was $4.2 million, a 72.83% decrease from a year earlier, with the FY2025 full-year figure at $2.8 million, changed N/A from the prior year.
- Divestments climbed to $4.2 million in Q2 2023 per OCFC's latest filing, from $661000.0 in the prior quarter.
- Across five years, Divestments topped out at $99.1 million in Q1 2021 and bottomed at -$284000.0 in Q2 2021.
- The 4-year median for Divestments is $1.2 million (2020), against an average of $11.7 million.
- Biggest YoY gain for Divestments was 4732.04% in 2022; the steepest drop was 200.0% in 2022.
- Year by year, Divestments stood at $16.1 million in 2020, then slumped by 99.99% to $1000.0 in 2021, then sank by 200.0% to -$1000.0 in 2022, then surged by 416200.0% to $4.2 million in 2023.
- Per Business Quant, the three latest OCFC Divestments figures stand at $4.2 million (Q2 2023), $661000.0 (Q1 2023), and -$1000.0 (Q4 2022).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Divestments (Qtr) |
|---|---|---|---|---|---|
| 1 | KB Financial | 42,090.38 Bn | 42,090.38 Bn | -786,828.77 | -61.56 Mn |
| 2 | Shinhan Financial | 33,919.15 Bn | 33,919.15 Bn | - | - |
| 3 | Bank Of Chile | 4,123.52 Bn | 4,123.52 Bn | 167,623.00 | - |
| 4 | Lloyds Banking | 360.83 Bn | 360.83 Bn | - | - |
| 5 | First Capital | 204.17 Bn | 203.82 Bn | - | - |
| 6 | Landmark Bancorp | 187.97 Bn | 187.94 Bn | - | - |
| 7 | NatWest | 144.82 Bn | -51.17 Bn | - | - |
| 8 | Pnc Financial Services | 101.80 Bn | 101.80 Bn | - | - |
| 9 | Us Bancorp | 99.51 Bn | 99.51 Bn | - | - |
| 10 | Oceanfirst Financial | 1.12 Bn | 1.12 Bn | -530,000.00 | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |