OCFC Q2 2020 Earnings — OceanFirst Financial Corp. Revenue & Financial Results | Market Cap Arena

OCFCOceanFirst Financial Corp.

$1B

Q2 2020 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$105M+20.8% YoY

Gross Profit

$78M74.4% margin

Operating Income

$25M23.3% margin

Net Income

$19M17.7% margin

EPS (Diluted)

$0.31

QoQ Revenue Growth

-5.0%

Cash Flow

Operating Cash Flow

$18M

Free Cash Flow

$16M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$11.3B

Total Liabilities

$9.9B

Stockholders' Equity

$1.5B

Cash & Equivalents

$721M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$105M	$87M	+20.8%
Gross Profit	$78M	$73M	+7.1%
Operating Income	$25M	$23M	+4.6%
Net Income	$19M	$19M	-1.8%

Revenue Segments

Deposit Account

$3M85%

Investment Advisory, Management and Administrative Service

$555,00015%