OCFC Q2 2019 Earnings — OceanFirst Financial Corp. Revenue & Financial Results | Market Cap Arena

OCFCOceanFirst Financial Corp.

$1B

Q2 2019 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$87M+11.7% YoY

Gross Profit

$73M84.0% margin

Operating Income

$23M27.0% margin

Net Income

$19M21.8% margin

EPS (Diluted)

$0.37

QoQ Revenue Growth

+2.9%

Cash Flow

Operating Cash Flow

$21M

Free Cash Flow

$21M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$8.0B

Total Liabilities

$6.9B

Stockholders' Equity

$1.1B

Cash & Equivalents

$148M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$87M	$78M	+11.7%
Gross Profit	$73M	$69M	+6.6%
Operating Income	$23M	$19M	+25.2%
Net Income	$19M	$16M	+20.9%

Revenue Segments

Deposit Account

$5M89%

Investment Advisory, Management and Administrative Service

$569,00011%