OCFC Q1 2024 Earnings — OceanFirst Financial Corp. Revenue & Financial Results | Market Cap Arena

OCFCOceanFirst Financial Corp.

$1B

Q1 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$173M+23.6% YoY

Gross Profit

$97M56.0% margin

Operating Income

$39M22.7% margin

Net Income

$29M16.6% margin

EPS (Diluted)

$0.47

QoQ Revenue Growth

+0.9%

Cash Flow

Operating Cash Flow

$46M

Free Cash Flow

$45M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$13.4B

Total Liabilities

$11.8B

Stockholders' Equity

$1.7B

Cash & Equivalents

$130M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$173M	$140M	+23.6%
Gross Profit	$97M	$97M	+0.3%
Operating Income	$39M	$37M	+7.4%
Net Income	$29M	$28M	+2.8%

Revenue Segments

Deposit Account

$4M89%

Investment Advisory, Management and Administrative Service

$526,00011%