OCFC Q1 2021 Earnings — OceanFirst Financial Corp. Revenue & Financial Results | Market Cap Arena

OCFCOceanFirst Financial Corp.

$1B

Q1 2021 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$104M-5.7% YoY

Gross Profit

$94M89.8% margin

Operating Income

$43M41.6% margin

Net Income

$33M31.3% margin

EPS (Diluted)

$0.53

QoQ Revenue Growth

-11.1%

Cash Flow

Operating Cash Flow

$37M

Free Cash Flow

$32M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$11.6B

Total Liabilities

$10.1B

Stockholders' Equity

$1.5B

Cash & Equivalents

$1.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$104M	$111M	-5.7%
Gross Profit	$94M	$82M	+14.1%
Operating Income	$43M	$21M	+110.8%
Net Income	$33M	$17M	+97.8%

Revenue Segments

Deposit Account

$4M86%

Investment Advisory, Management and Administrative Service

$599,00014%