OCFC Q2 2024 Earnings — OceanFirst Financial Corp. Revenue & Financial Results | Market Cap Arena

OCFCOceanFirst Financial Corp.

$1B

Q2 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$169M+7.3% YoY

Gross Profit

$89M52.6% margin

Operating Income

$32M18.6% margin

Net Income

$24M14.4% margin

EPS (Diluted)

$0.40

QoQ Revenue Growth

-2.0%

Cash Flow

Operating Cash Flow

$24M

Free Cash Flow

$20M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$13.3B

Total Liabilities

$11.6B

Stockholders' Equity

$1.7B

Cash & Equivalents

$181M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$169M	$158M	+7.3%
Gross Profit	$89M	$99M	-9.7%
Operating Income	$32M	$37M	-14.5%
Net Income	$24M	$28M	-12.3%

Revenue Segments

Deposit Account

$5M92%

Investment Advisory, Management and Administrative Service

$419,0008%