OCFC Q1 2022 Earnings — OceanFirst Financial Corp. Revenue & Financial Results | Market Cap Arena

OCFCOceanFirst Financial Corp.

$1B

Q1 2022 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$99M-5.3% YoY

Gross Profit

$90M91.3% margin

Operating Income

$34M34.1% margin

Net Income

$26M26.1% margin

EPS (Diluted)

$0.42

QoQ Revenue Growth

+2.2%

Cash Flow

Operating Cash Flow

$58M

Free Cash Flow

$50M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$12.2B

Total Liabilities

$10.6B

Stockholders' Equity

$1.5B

Cash & Equivalents

$211M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$99M	$104M	-5.3%
Gross Profit	$90M	$94M	-3.7%
Operating Income	$34M	$43M	-22.2%
Net Income	$26M	$33M	-21.2%

Revenue Segments

Deposit Account

$3M83%

Investment Advisory, Management and Administrative Service

$609,00017%