← 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Noninterest income: | ||||||||||||
| Interest Income (Expense), Net | $120.3m |
$169.2m
+40.71%
|
$240.5m
+42.13%
|
$256.0m
+6.43%
|
$313.0m
+22.26%
|
$305.3m
-2.43%
|
$377.5m
+23.63%
|
$369.7m
-2.05%
|
$334.0m
-9.65%
|
$360.2m
+7.84%
|
$711.8m
+97.61%
|
|
| Labor and Related Expense | $47.1m | $60.1m | $83.1m | $89.9m | $114.2m | $120.0m | $131.9m | $135.8m | $138.3m | $159.4m | — | |
| Amortization of Intangible Assets | $623k | $2.0m | $3.8m | — | — | — | — | — | $3.3m | $3.6m | — | |
| Operating Lease, Expense | — | — | — | $3.9m | $6.4m | $5.9m | $5.0m | — | — | — | — | |
| Noninterest expense: | ||||||||||||
| Operating Expenses | $102.9m | $126.5m | $186.3m | $189.1m | $246.4m | $226.9m | $234.9m | $248.9m | $245.9m | $296.2m | — | |
| Interest expense: | ||||||||||||
| Interest Expense, Securities Sold under Agreements to Repurchase | $102k | $121k | $168k | $276k | $562k | $253k | $159k | $931k | $1.9m | $1.7m | $308.7m | |
| Total interest expense | $13.2m | $19.6m | $36.2m | $52.8m | $66.7m | $36.8m | $53.7m | $238.2m | $308.1m | $282.2m | — | |
| Interest Income, Debt Securities, Operating | — | — | — | — | — | $22.0m | $34.4m | $59.3m | $77.7m | $72.1m | $711.8m | |
| Debt and Equity Securities, Gain (Loss) | $0 | $0 | ($199k) | $267k | $21.2m | $7.1m | $9.7m | ($3.7m) | $4.2m | $916k | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | $0 | $0 | ($199k) | $267k | $5.4m | $8.1m | $1.4m | ($5.5m) | ($49k) | $352k | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $35.2m | $65.3m | $85.5m | $107.4m | $81.0m | $142.2m | $193.9m | $136.8m | $130.7m | $92.5m | $63.9m | |
| Current Income Tax Expense (Benefit) | $6.4m | ($12.6m) | $18.1m | $2.7m | $22.3m | $28.6m | $44.8m | $29.5m | $30.6m | $18.5m | $16.0m | |
| Income Tax Expense (Benefit) | $12.2m | $22.9m | $13.6m | $18.8m | $17.7m | $32.2m | $46.6m | $32.7m | $30.3m | $21.5m | $16.0m | |
| 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%
|
$47.9m
-32.51%
|
|
| 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%
|
$47.9m
-28.64%
|
|
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | $0 | $0 | $754k | $36k | $325k | $49k | $47.9m | |
| Preferred Stock Dividends and Other Adjustments | — | — | — | — | $2.1m | $4.0m | $4.0m | $4.0m | $4.0m | $2.0m | $5.9m | |
| Earnings Per Share, Basic | $1.00 | $1.32 | $1.54 | $1.77 | $1.02 | $1.79 | $2.43 | $1.70 | $1.65 | $1.17 | $0.81 | |
| Earnings Per Share, Diluted | $0.98 | $1.28 | $1.51 | $1.75 | $1.02 | $1.78 | $2.42 | $1.70 | $1.65 | $1.17 | $0.81 | |
| Common Stock, Dividends, Per Share, Declared | $0.55 | $0.60 | $0.63 | $0.68 | $0.68 | $0.68 | $0.74 | $0.80 | $0.80 | $0.80 | — | |
| Weighted Average Number of Shares Outstanding, Basic | 23.1m | 32.1m | 46.8m | 50.2m | 59.9m | 59.4m | 58.7m | 58.9m | 58.3m | 57.4m | 60.3m | |
| Weighted Average Number of Shares Outstanding, Diluted | 23.5m | 33.1m | 47.7m | 50.7m | 60.1m | 59.6m | 58.9m | 59.0m | 58.3m | 57.4m | 60.3m | |
| Additional Financial Items | ||||||||||||
| 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 | — | |
| Equipment Expense | $5.1m | $6.8m | $8.3m | $7.7m | $7.8m | $5.4m | $5.0m | $4.7m | $4.2m | $3.6m | — | |
| Business Combination, Acquisition Related Costs | $16.5m | $8.3m | $26.9m | $10.5m | $15.9m | $1.5m | $2.7m | $22k | $1.8m | $4.3m | — | |
| Depreciation, Depletion and Amortization, Nonproduction | $4.8m | $6.3m | $8.7m | — | — | — | — | $11.5m | $10.9m | $10.3m | $5.2m | |
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | — | — | — | — | — | — | $7.6m | $18.7m | $5.5m | $15.6m | — | |
| Other Cost and Expense, Operating | $7.7m | $10.8m | $13.5m | $15.0m | $16.6m | $15.5m | $17.6m | $20.0m | $23.1m | $26.4m | — |