Oceanfirst Financial (OCFC) Rent Expense (2010 - 2026)
Oceanfirst Financial (OCFC) recorded quarterly Rent Expense of $5.8 million in Q1 2026, little changed quarter-over-quarter from $5.8 million in Q4 2025, and up 6.09% on a YoY basis from $5.5 million in Q1 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 was $5.8 million for Q1 2026 at Oceanfirst Financial, roughly flat from $5.8 million in the prior quarter.
- In the past five years, Rent Expense ranged from a high of $6.1 million in Q3 2025 to a low of $4.8 million in Q2 2022.
- Historically, Rent Expense has averaged $5.4 million across 5 years, with a median of $5.3 million in 2024.
- The sharpest annual moves came in 2022 and 2025: Rent Expense decreased 10.46% in 2022, then grew 18.25% in 2025.
- A 5-year view of Rent Expense shows it stood at $5.0 million in 2022, then increased by 3.8% to $5.2 million in 2023, then increased by 1.19% to $5.3 million in 2024, then increased by 10.32% to $5.8 million in 2025, then advanced by 0.12% to $5.8 million in 2026.
- The last three Rent Expense figures came in at $5.8 million (Q1 2026), $5.8 million (Q4 2025), and $6.1 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (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 | - | 634,000.00 |
| 5 | Itau Unibanco Holding | 202.78 Bn | 202.78 Bn | - | - |
| 6 | Landmark Bancorp | 180.37 Bn | 180.34 Bn | - | 1.45 Mn |
| 7 | NatWest | 168.65 Bn | -51.67 Bn | - | - |
| 8 | Shinhan Financial | 136.54 Bn | 104.11 Bn | - | - |
| 9 | Mizuho Financial | 112.02 Bn | 112.56 Bn | - | - |
| 10 | Oceanfirst Financial | 1.06 Bn | 1.06 Bn | -530,000.00 | 5.83 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Dec 31, 2023 | 5.22 Mn |
| Dec 31, 2023 | 5.22 Mn |