OCFC Q4 2023 Earnings — OceanFirst Financial Corp. Revenue & Financial Results | Market Cap Arena

OCFCOceanFirst Financial Corp.

$1B

Q4 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$171M+9.4% YoY

Gross Profit

$96M55.8% margin

Operating Income

$36M21.2% margin

Net Income

$28M16.2% margin

EPS (Diluted)

$0.45

QoQ Revenue Growth

+2.0%

Cash Flow

Operating Cash Flow

-$27M

Free Cash Flow

-$28M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$13.5B

Total Liabilities

$11.9B

Stockholders' Equity

$1.7B

Cash & Equivalents

$154M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$171M	$157M	+9.4%
Gross Profit	$96M	$129M	-26.0%
Operating Income	$36M	$71M	-48.6%
Net Income	$28M	$53M	-48.0%