OCFC Q1 2023 Earnings — OceanFirst Financial Corp. Revenue & Financial Results | Market Cap Arena

OCFCOceanFirst Financial Corp.

$1B

Q1 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$140M+41.4% YoY

Gross Profit

$97M69.1% margin

Operating Income

$37M26.1% margin

Net Income

$28M19.9% margin

EPS (Diluted)

$0.46

QoQ Revenue Growth

-10.7%

Cash Flow

Operating Cash Flow

$24M

Free Cash Flow

$22M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$13.6B

Total Liabilities

$11.9B

Stockholders' Equity

$1.6B

Cash & Equivalents

$496M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$140M	$99M	+41.4%
Gross Profit	$97M	$90M	+7.0%
Operating Income	$37M	$34M	+8.4%
Net Income	$28M	$26M	+8.2%

Revenue Segments

Deposit Account

$5M89%

Investment Advisory, Management and Administrative Service

$612,00011%