OCFC Q3 2024 Earnings — OceanFirst Financial Corp. Revenue & Financial Results | Market Cap Arena

OCFCOceanFirst Financial Corp.

$1B

Q3 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$175M+4.2% YoY

Gross Profit

$95M54.4% margin

Operating Income

$33M18.7% margin

Net Income

$25M14.3% margin

EPS (Diluted)

$0.42

QoQ Revenue Growth

+3.4%

Cash Flow

Operating Cash Flow

-$22M

Free Cash Flow

-$23M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$13.5B

Total Liabilities

$11.8B

Stockholders' Equity

$1.7B

Cash & Equivalents

$214M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$175M	$168M	+4.2%
Gross Profit	$95M	$90M	+5.4%
Operating Income	$33M	$27M	+21.0%
Net Income	$25M	$21M	+21.5%

Revenue Segments

Deposit Account

$6M94%

Investment Advisory, Management and Administrative Service

$384,0006%