OceanFirst Financial Corp.
Income Statement

Last updated:

Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. OceanFirst Financial Corp.'s past years’ income statements indicate that its last revenue has decreased compared to the previous period by 11% to $385,677,000. Profit margin reached 27%. Total operating expenses were $398,715,000.

Profit Margin

OceanFirst Financial Corp. (NASDAQ:OCFCP): Profit margin
2014 88.58M 19.92M 22.49%
2015 91.32M 20.32M 22.25%
2016 138.32M 23.04M 16.66%
2017 192.72M 42.47M 22.04%
2018 271.12M 71.93M 26.53%
2019 292.18M 88.57M 30.31%
2020 367.16M 63.30M 17.24%
2021 352.08M 110.07M 31.26%
2022 431.6M 146.60M 33.97%
2023 385.67M 104.02M 26.97%

OCFCP Income Statement (2014 – 2023)

2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Revenue
Revenue
385.67M431.6M352.08M367.16M292.18M271.12M192.72M138.32M91.32M88.58M
Cost of revenue
-255.18M43.43M41.43M45.10M39.84M39.74M28.23M21.11M14.93M13.97M
Gross profit
640.85M388.16M310.65M322.05M252.33M231.37M164.49M117.21M76.39M74.60M
Operating exp.
Research and development
0000000000
Selling and marketing
4.23M2.94M2.16M3.11M3.46M3.41M2.67M1.88M1.51M1.79M
Total operating expenses
398.71M234.88M-209.84M-286.12M-184.82M-149.46M98.28M81.74M45.84M43.79M
Operating income
136.85M246.86M142.24M81.04M107.35M121.65M-874K-856K-149K-390K
Other income (expenses), net
-92K-52.94M142.25M-70.89M107.68M-36.15M-33.47M36.05M-11.27M-8.84M
Income before tax
136.76M193.92M142.24M81.04M107.35M85.50M65.32M35.19M31.20M30.53M
Income tax expense
32.7M46.56M32.16M17.73M18.78M13.57M22.85M12.15M10.88M10.61M
Net income
104.02M146.60M110.07M63.30M88.57M71.93M42.47M23.04M20.32M19.92M
Earnings per share
Basic EPS
1.72.431.791.021.771.541.3211.221.19
Diluted EPS
1.72.421.781.021.751.511.280.981.211.19
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