OCFC Q2 2022 Earnings — OceanFirst Financial Corp. Revenue & Financial Results | Market Cap Arena

OCFCOceanFirst Financial Corp.

$1B

Q2 2022 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$105M+12.4% YoY

Gross Profit

$96M90.6% margin

Operating Income

$38M36.4% margin

Net Income

$29M27.5% margin

EPS (Diluted)

$0.47

QoQ Revenue Growth

+6.7%

Cash Flow

Operating Cash Flow

$69M

Free Cash Flow

$65M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$12.4B

Total Liabilities

$10.9B

Stockholders' Equity

$1.5B

Cash & Equivalents

$189M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$105M	$94M	+12.4%
Gross Profit	$96M	$91M	+5.0%
Operating Income	$38M	$41M	-5.4%
Net Income	$29M	$31M	-5.2%

Revenue Segments

Deposit Account

$8M92%

Investment Advisory, Management and Administrative Service

$658,0008%