OCFC Q4 2022 Earnings — OceanFirst Financial Corp. Revenue & Financial Results | Market Cap Arena

OCFCOceanFirst Financial Corp.

$1B

Q4 2022 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$157M+61.9% YoY

Gross Profit

$129M82.5% margin

Operating Income

$71M45.1% margin

Net Income

$53M34.0% margin

EPS (Diluted)

$0.89

QoQ Revenue Growth

+25.9%

Cash Flow

Operating Cash Flow

$40M

Free Cash Flow

$39M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$13.1B

Total Liabilities

$11.5B

Stockholders' Equity

$1.6B

Cash & Equivalents

$168M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$157M	$97M	+61.9%
Gross Profit	$129M	$90M	+42.9%
Operating Income	$71M	$27M	+164.3%
Net Income	$53M	$23M	+135.1%

Revenue Segments

Deposit Account

$6M91%

Investment Advisory, Management and Administrative Service

$551,0009%