OCFC Q2 2023 Earnings — OceanFirst Financial Corp. Revenue & Financial Results | Market Cap Arena

OCFCOceanFirst Financial Corp.

$1B

Q2 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$158M+49.7% YoY

Gross Profit

$99M62.5% margin

Operating Income

$37M23.4% margin

Net Income

$28M17.6% margin

EPS (Diluted)

$0.45

QoQ Revenue Growth

+12.9%

Cash Flow

Operating Cash Flow

$72M

Free Cash Flow

$69M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$13.5B

Total Liabilities

$11.9B

Stockholders' Equity

$1.6B

Cash & Equivalents

$458M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$158M	$105M	+49.7%
Gross Profit	$99M	$96M	+3.2%
Operating Income	$37M	$38M	-4.0%
Net Income	$28M	$29M	-4.0%

Revenue Segments

Deposit Account

$6M90%

Investment Advisory, Management and Administrative Service

$645,00010%