OCFC Q2 2021 Earnings — OceanFirst Financial Corp. Revenue & Financial Results | Market Cap Arena

OCFCOceanFirst Financial Corp.

$1B

Q2 2021 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$94M-10.7% YoY

Gross Profit

$91M96.9% margin

Operating Income

$41M43.3% margin

Net Income

$31M32.6% margin

EPS (Diluted)

$0.49

QoQ Revenue Growth

-10.1%

Cash Flow

Operating Cash Flow

$102M

Free Cash Flow

$92M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$11.5B

Total Liabilities

$10.0B

Stockholders' Equity

$1.5B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$94M	$105M	-10.7%
Gross Profit	$91M	$78M	+16.3%
Operating Income	$41M	$25M	+65.6%
Net Income	$31M	$19M	+63.9%

Revenue Segments

Deposit Account

$4M87%

Investment Advisory, Management and Administrative Service

$591,00013%