Oceanfirst Financial (OCFC) Rent Expense (2010 - 2026)
Oceanfirst Financial (OCFC) posted quarterly Rent Expense of $5.8 million for Q1 2026, up 6.09% year-over-year from $5.5 million in Q1 2025, and little changed quarter-over-quarter from $5.8 million in Q4 2025.
Oceanfirst Financial (OCFC) Rent Expense (2010 - 2026) Analysis & Trends
Oceanfirst Financial's Rent Expense history runs 17 years deep, the most recent figure standing at $5.8 million for Q1 2026.
- In Q1 2026, Rent Expense rose 6.09% year-over-year to $5.8 million; the TTM figure through Mar 2026 stood at $23.2 million (up 9.95% YoY), while the FY2025 annual figure was $22.9 million, up 9.91% from the prior year.
- Rent Expense for Q1 2026 stood at $5.8 million, roughly flat from $5.8 million in the prior quarter.
- The five-year high for Rent Expense was $6.1 million in Q3 2025, with the low at $4.8 million in Q2 2022.
- The 5-year median for Rent Expense is $5.3 million (2024), against an average of $5.4 million.
- The sharpest annual moves came in 2022 and 2025: Rent Expense retreated 10.46% in 2022, then climbed 18.25% in 2025.
- Oceanfirst Financial's Rent Expense stood at $5.0 million in 2022, then grew by 3.8% to $5.2 million in 2023, then grew by 1.19% to $5.3 million in 2024, then grew by 10.32% to $5.8 million in 2025, then gained by 0.12% to $5.8 million in 2026.
- Business Quant data shows OCFC's Rent Expense at $5.8 million in Q1 2026, $5.8 million in Q4 2025, and $6.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 121.04 Bn | 84.85 Bn | - | - |
| 2 | Pnc Financial Services | 97.70 Bn | 97.70 Bn | - | 252.00 Mn |
| 3 | Us Bancorp | 95.84 Bn | 95.84 Bn | - | 303.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 74.84 Bn | -144.25 Bn | - | -423.97 Mn |
| 6 | Deutsche Bank Aktiengesellschaft | 71.93 Bn | -81.39 Bn | - | - |
| 7 | Nu Holdings | 71.07 Bn | 57.38 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.61 Bn | 61.61 Bn | - | 171.00 Mn |
| 9 | Fifth Third Bancorp | 49.53 Bn | 25.81 Bn | - | 154.00 Mn |
| 10 | Oceanfirst Financial | 1.33 Bn | 1.33 Bn | -4.36 Mn | 7.33 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 7.33 Mn |
| Jun 30, 2026 | 7.33 Mn |
| Mar 31, 2026 | 5.83 Mn |
| Mar 31, 2026 | 5.83 Mn |
| Dec 31, 2025 | 5.83 Mn |
| Dec 31, 2025 | 5.83 Mn |
| Sep 30, 2025 | 6.10 Mn |
| Sep 30, 2025 | 6.10 Mn |
| Jun 30, 2025 | 5.45 Mn |
| Jun 30, 2025 | 5.45 Mn |
| Mar 31, 2025 | 5.50 Mn |
| Mar 31, 2025 | 5.50 Mn |
| Dec 31, 2024 | 5.28 Mn |
| Dec 31, 2024 | 5.28 Mn |
| Sep 30, 2024 | 5.16 Mn |
| Sep 30, 2024 | 5.16 Mn |
| Jun 30, 2024 | 5.18 Mn |
| Jun 30, 2024 | 5.18 Mn |
| Mar 31, 2024 | 5.20 Mn |
| Mar 31, 2024 | 5.20 Mn |