OCFCOceanFirst Financial Corp.

$1B

Q3 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$168M+35.0% YoY

Gross Profit

$90M53.8% margin

Operating Income

$27M16.1% margin

Net Income

$21M12.3% margin

EPS (Diluted)

$0.33

QoQ Revenue Growth

+6.5%

Cash Flow

Operating Cash Flow

$55M

Free Cash Flow

$53M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$13.5B

Total Liabilities

$11.9B

Stockholders' Equity

$1.6B

Cash & Equivalents

$409M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$168M	$124M	+35.0%
Gross Profit	$90M	$109M	-17.0%
Operating Income	$27M	$51M	-47.2%
Net Income	$21M	$39M	-46.5%

Revenue Segments

Deposit Account

$5M89%

Investment Advisory, Management and Administrative Service

$662,00011%

OCFC Q3 2023 Earnings — OceanFirst Financial Corp. Revenue & Financial Results | Market Cap Arena