Oceanfirst Financial Corp Income Statement

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Income Statement Dec2009 Dec2010 Dec2011 Dec2012 Dec2013 Dec2014 Dec2015 Dec2016 Dec2017 Dec2018 Dec2019 Dec2020 Dec2021 Dec2022 Dec2023 Dec2024
Revenue & Cost
Provisions 5.70M8.00M7.75M7.90M2.80M2.63M1.27M2.62M4.45M3.49M1.64M59.40M-11.83M7.77M18.70M7.69M
Revenue 81.05M92.43M92.63M91.24M86.99M90.92M93.25M10.76M15.06M19.46M18.50M15.81M13.83M22.80M21.25M21.79M
Interest income
Interest income - Loans 90.59M88.18M82.99M76.17M69.86M70.56M77.69M122.96M170.59M249.55M279.93M349.22M315.24M390.39M521.87M545.24M
Interest income - Investments 1.75M1.68M2.33M2.94M2.89M2.44M2.12M3.77M7.13M11.07M5.05M6.27M4.82M6.38M26.84M19.18M
Interest Income - Debt Securities 3.51M11.50M10.06M8.51M7.40M6.84M6.05M6.70M11.11M16.03M23.81M24.12M22.03M34.41M59.27M77.75M
Interest Income - Total 95.86M101.37M95.39M87.61M80.16M79.85M85.86M133.43M188.83M276.65M308.79M379.61M342.09M431.18M607.97M642.17M
Interest expenses
Interest Expense - Deposits 18.03M14.34M10.40M7.55M4.71M4.10M4.30M7.52M12.34M22.58M38.43M48.29M25.21M31.02M172.02M242.13M
Interest Expense - Debt 12.37M9.91M7.66M6.56M4.92M3.40M4.73M5.65M7.28M13.57M14.39M18.37M11.54M22.68M66.22M66.00M
Interest Expense - Fed Funds 0.43M0.28M0.20M0.12M0.08M0.10M0.10M0.12M0.17M0.28M0.56M0.25M0.16M0.93M1.89M
Interest Expense - Others 0.85M0.80M0.86M0.81M0.81M0.78M1.07M2.67M5.52M5.67M10.79M11.29M12.15M19.29M28.43M
Interest Expenses 30.40M24.25M18.06M14.10M9.63M7.50M9.03M13.16M19.61M36.15M52.82M66.66M36.75M53.70M238.24M308.14M
Interest Income - Net 65.46M77.11M77.33M73.51M70.53M72.35M76.83M120.26M169.22M240.50M255.97M312.95M305.34M377.48M369.73M334.04M
Non-interest income
Interest Income - Total 59.76M69.11M69.58M65.61M67.73M69.72M75.55M117.64M164.77M237.01M254.34M253.55M317.17M369.71M352.05M326.35M
Financial Services Fees -0.02M0.29M0.43M0.54M0.75M0.82M0.27M0.25M
Service Charges 10.51M11.21M7.60M7.54M7.45M8.59M8.39M10.76M15.06M
Investment Gain (Loss) -0.20M0.27M21.21M7.14M-0.11M-0.70M-0.16M
Investment Banking Income 3.90M3.66M3.00M4.72M2.14M0.77M0.82M0.99M0.10M0.67M0.02M8.28M3.19M0.36M0.43M2.36M
Asset Management 1.51M2.17M2.28M2.19M2.32M2.15M
Card Income 2.67M3.10M3.58M3.48M3.54M4.83M6.96M9.23M10.26M11.42M13.36M9.22M5.91M6.20M
Other Non-Interest Income 3.10M3.28M-9.25M7.08M3.52M7.83M2.07M4.49M5.38M5.11M5.42M6.42M6.83M7.36M11.16M10.96M
Non-Interest Income 15.59M15.31M15.30M17.72M16.46M18.58M16.43M20.41M27.07M34.83M42.16M73.93M51.93M59.09M33.62M50.19M
Operating Items
Amortization - Intangibles 0.02M0.62M2.04M3.81M4.72M3.98M3.33M
Depreciation & Amortization - Total 2.14M2.20M2.44M2.63M2.72M3.28M3.73M5.10M6.77M8.32M7.72M7.77M5.44M4.99M4.65M4.25M
Research & Development 3.39M3.43M3.59M3.63M4.00M4.24M4.73M7.58M8.85M13.29M14.81M17.47M21.57M23.09M24.84M24.28M
Wages, Salaries and Other 24.01M28.15M28.08M27.61M28.76M31.43M31.95M47.10M60.10M83.14M89.91M114.16M120.01M131.91M135.80M138.34M
Share-based Compensation (IS) 0.04M0.06M0.07M0.09M0.10M0.11M
Rent Expense 5.99M5.50M5.07M5.07M5.56M5.51M5.72M8.33M10.66M17.91M17.16M20.78M20.48M20.82M21.19M20.81M
Restructuring Costs 1.28M1.88M16.53M8.29M26.91M10.50M15.95M1.50M2.73M0.02M1.80M
Other Operating Expenses 37.74M42.52M41.57M41.05M46.96M44.74M44.72M65.31M91.95M119.91M138.95M184.47M177.86M183.25M198.22M194.74M
Operating Expenses 50.54M53.65M52.66M52.39M59.24M57.76M60.77M102.85M126.52M186.34M189.14M246.43M226.86M234.88M248.91M245.88M
Operating Income 10.77M11.28M10.83M8.73M10.69M10.92M-99.77M-122.27M-180.38M-185.61M-247.18M-228.54M-229.71M-247.69M-247.15M
EBIT 55.21M10.77M11.28M10.83M8.73M10.69M10.92M-99.77M-122.27M-180.38M-185.61M-247.18M-228.54M-229.71M-247.69M-247.15M
Net income details
EBT 24.81M30.78M32.21M30.95M24.94M30.53M31.20M35.20M65.33M85.50M107.36M81.04M142.24M193.92M136.76M130.66M
Tax Provisions 9.15M14.95M12.17M10.93M10.36M10.61M10.88M12.15M22.86M13.57M18.78M17.73M32.16M46.56M32.70M30.27M
Profit After Tax 15.65M20.38M20.74M20.02M16.33M19.92M20.32M23.05M42.47M71.93M88.57M63.31M110.08M147.36M104.06M100.39M
Income from Non-Controlling Interests 0.75M0.04M0.33M
Income from Continuing Operations 15.65M15.83M20.04M20.02M14.58M19.92M20.32M23.05M42.47M71.93M88.57M63.31M110.08M147.36M104.06M100.39M
Consolidated Net Income 15.65M15.83M20.04M20.02M14.58M19.92M20.32M23.05M42.47M71.93M88.57M63.31M110.08M147.36M104.06M100.39M
Income towards Parent Company 15.65M15.83M20.04M20.02M14.58M19.92M20.32M23.05M42.47M71.93M88.57M63.31M110.08M147.36M104.06M100.39M
Preferred Dividend Payments 3.17M2.10M4.02M4.02M4.02M4.02M
Net Income towards Common Stockholders 12.48M20.38M20.74M20.02M14.58M19.92M20.32M23.05M42.47M71.93M88.57M61.21M106.06M142.59M100.01M96.05M
Additional items
EPS (Basic) 0.981.121.141.130.961.191.221.001.321.541.771.021.792.431.701.65
EPS (Weighted Average and Diluted) 0.981.121.141.120.951.191.210.981.281.511.751.021.782.421.701.65
Shares Outstanding (Weighted Average) 18.84M18.85M18.01M17.39M17.01M17.28M25.85M32.58M48.40M50.36M60.38M59.42M59.14M59.42M58.46M
Shares Outstanding (Diluted Average) 23.53M33.12M47.66M50.75M60.07M59.65M58.88M58.96M58.30M
Tax Rate 36.90%48.58%37.78%35.31%41.55%34.75%34.88%34.53%34.99%15.87%17.50%21.88%22.61%24.01%23.91%23.16%