← OCEANFIRST FINANCIAL CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $23.0m |
$42.5m
+84.28%
|
$71.9m
+69.37%
|
$88.6m
+23.14%
|
$63.3m
-28.52%
|
$110.1m
+73.87%
|
$146.6m
+33.18%
|
$104.0m
-29.04%
|
$100.1m
-3.81%
|
$71.0m
-29.07%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $23.0m |
$42.5m
+84.28%
|
$71.9m
+69.37%
|
$88.6m
+23.14%
|
$61.2m
-30.89%
|
$106.1m
+73.27%
|
$142.6m
+34.44%
|
$100.0m
-29.86%
|
$96.0m
-3.96%
|
$67.1m
-30.11%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | $147.4m | $104.1m | $100.4m | $71.0m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | — | $754k | $36k | $325k | $49k | — | |
| Depreciation, Depletion and Amortization | $4.8m | $6.3m | $8.7m | $8.4m | $8.5m | $9.4m | $11.7m | $12.3m | $10.9m | $10.3m | $17.0m | |
| Amortization of Deferred Charges | — | — | — | $4.0m | $6.2m | $5.5m | $4.7m | $4.0m | — | — | — | |
| Amortization of Debt Issuance Costs and Discounts | — | $74k | $262k | $216k | $553k | $824k | $548k | $598k | $626k | $338k | — | |
| Amortization of Intangible Assets | $623k | $2.0m | $3.8m | — | — | — | — | — | $3.3m | $3.6m | — | |
| Depreciation | $4.8m | — | — | — | — | — | — | — | — | — | $11.0m | |
| Deferred Income Tax Expense (Benefit) | $5.8m | $35.4m | ($4.6m) | $16.1m | ($4.6m) | $3.6m | $1.8m | $3.2m | ($337k) | $3.0m | $4.2m | |
| Share-based Payment Arrangement, Noncash Expense | $1.5m | $2.2m | $3.0m | $3.9m | $4.3m | $5.4m | $6.6m | $5.9m | $6.1m | $4.9m | $7.4m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $1.5m | $3.3m | $2.9m | $2.1m | $1.2m | $1.5m | $2.4m | $2.4m | $1.4m | — | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | $7.2m | $6.9m | $7.8m | $7.4m | $7.4m | |
| Changes in operating assets and liabilities: | ||||||||||||
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | — | — | — | — | — | — | $7.6m | $18.7m | $5.5m | $15.6m | — | |
| Increase (Decrease) in Other Operating Assets | ($18.6m) | $5.4m | ($27.3m) | $32.9m | ($17.0m) | ($33.1m) | $80.2m | ($34.5m) | $3.4m | ($29.3m) | — | |
| Increase (Decrease) in Other Operating Liabilities | ($20.8m) | ($5.2m) | ($10.3m) | $16.9m | $74.5m | ($35.3m) | $178.7m | ($44.7m) | ($8.1m) | ($47.6m) | — | |
| Net Cash Provided by (Used in) Operating Activities | $32.8m |
$80.1m
+144.25%
|
$92.6m
+15.50%
|
$100.2m
+8.32%
|
$132.7m
+32.33%
|
$160.0m
+20.59%
|
$250.4m
+56.56%
|
$124.3m
-50.38%
|
$92.2m
-25.77%
|
$87.2m
-5.46%
|
$121.7m
+39.50%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | ($38k) | ($150k) | $26k | $27k | $6k | $0 | $38k | $26k | $131k | ($2k) | $3.1m | |
| Payments to Acquire Property, Plant, and Equipment | $6.7m | $48.7m | $11.5m | $5.1m | $14.7m | $42.0m | $16.1m | $7.7m | $7.6m | $7.7m | ($9.0m) | |
| Equipment Expense | $5.1m | $6.8m | $8.3m | $7.7m | $7.8m | $5.4m | $5.0m | $4.7m | $4.2m | $3.6m | — | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $18.5m | $0 | $19.2m | $29.3m | $43.5m | $103.7m | $104.4m | $22.4m | $19.5m | $9.9m | — | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | — | $0 | ($108k) | ($697k) | ($156k) | ($34k) | — | |
| Gain (Loss) on Sale of Investments | $38k | $150k | ($26k) | ($27k) | ($6k) | $0 | ($38k) | ($697k) | ($106k) | ($34k) | — | |
| Marketable Securities, Unrealized Gain (Loss) | $1.4m | $1.1m | $2.9m | $991k | $21.2m | $7.1m | $9.7m | ($3.7m) | $4.2m | $916k | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | ($59.4m) | ($23.5m) | $0 | — | — | $68.9m | $0 | $0 | |
| Net Cash Provided by (Used in) Investing Activities | $271.7m | ($455.2m) | $48.6m | ($172.1m) | ($22.2m) | ($1.5b) | ($1.3b) | ($488.0m) | $106.4m | ($1.2b) | ($858.5m) | |
| Cash flows from financing activities: | ||||||||||||
| Debt and Equity Securities, Gain (Loss) | — | — | ($199k) | $267k | $21.2m | $7.1m | $9.7m | $3.7m | ($4.2m) | ($916k) | — | |
| Payments for Repurchase of Common Stock | $1.9m | $0 | $10.8m | $26.1m | $14.8m | $36.1m | $7.4m | $0 | $21.5m | $24.9m | — | |
| Payments of Ordinary Dividends, Common Stock | $12.6m | $19.3m | $29.6m | $34.2m | $42.9m | $44.5m | $47.5m | $51.3m | $50.9m | $48.2m | ($45.9m) | |
| Net Cash Provided by (Used in) Financing Activities | ($47.1m) |
$183.3m
+489.41%
|
($128.4m)
-170.03%
|
$82.8m
+164.47%
|
$1.1b
+1198.67%
|
$224.0m
-79.16%
|
$1.0b
+352.59%
|
$349.5m
-65.53%
|
($228.7m)
-165.46%
|
$1.1b
+580.84%
|
$840.3m
-23.60%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $12.7m | $10.9m | $1.2b | ($1.1b) | ($56.8m) | ($14.3m) | ($30.1m) | $11.5m | $274.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $133.2m | $1.3b | $224.8m | $168.0m | $153.7m | $123.6m | $135.1m | $274.1m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Provision for Loan, Lease, and Other Losses | — | — | — | — | — | — | — | $17.7m | $7.7m | $16.2m | $14.5m | |
| Bank Owned Life Insurance Income | $2.2m | $3.3m | $5.1m | $5.4m | $6.4m | $6.8m | $6.6m | $5.3m | $7.9m | $7.8m | — | |
| Gain (Loss) on Sales of Loans, Net | $986k | $100k | $668k | $16k | $8.3m | $3.2m | $358k | $428k | $2.4m | $3.7m | — | |
| Proceeds from Stock Options Exercised | $4.0m | $3.4m | $5.3m | $1.3m | $1.2m | $1.9m | $424k | $702k | $571k | $717k | — | |
| Parent Company | $12.6m | $19.3m | $29.6m | $34.2m | $42.9m | $44.5m | $47.5m | $51.3m | $50.9m | $48.2m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $36.4m | $52.3m | $66.5m | $37.4m | $49.7m | $225.4m | $320.3m | $279.2m | — | |
| Income Taxes Paid, Net | — | — | — | — | — | — | — | — | — | $20.7m | — | |
| Additional Financial Items | ||||||||||||
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | $5.4m | $8.1m | $1.4m | ($5.5m) | ($49k) | $352k | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | $15.8m | ($978k) | $8.3m | $1.7m | $4.3m | $564k | — | |
| Gain (Loss) on Sale of Mortgage Loans | $986k | $150k | $668k | $16k | $8.3m | $3.2m | $358k | $428k | $2.4m | $3.7m | — | |
| Goodwill | $145.1m | $150.5m | $338.4m | $374.6m | $500.3m | $500.3m | $506.1m | $506.1m | $523.3m | $517.5m | ($1.3m) | |
| Income Tax Expense (Benefit) | $12.2m | $22.9m | $13.6m | $18.8m | $17.7m | $32.2m | $46.6m | $32.7m | $30.3m | $21.5m | — | |
| Operating Expenses | $102.9m | $126.5m | $186.3m | $189.1m | $246.4m | $226.9m | $234.9m | $248.9m | $245.9m | $296.2m | — | |
| Operating Lease, Expense | — | — | — | $3.9m | $6.4m | $5.9m | $5.0m | — | — | — | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | $57.4m | ($12.3m) | — | — | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.