OCFC FY 2023 Earnings — OceanFirst Financial Corp. Revenue & Financial Results | Market Cap Arena

OCFCOceanFirst Financial Corp.

$1B

FY 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$637M+31.3% YoY

Gross Profit

$381M59.8% margin

Operating Income

$137M21.5% margin

Net Income

$104M16.3% margin

EPS (Diluted)

$1.70

Cash Flow

Operating Cash Flow

$124M

Free Cash Flow

$117M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$13.5B

Total Liabilities

$11.9B

Stockholders' Equity

$1.7B

Cash & Equivalents

$154M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$637M	$485M	+31.3%
Gross Profit	$381M	$424M	-10.1%
Operating Income	$137M	$194M	-29.5%
Net Income	$104M	$147M	-29.0%