OceanFirst Financial (OCFC) Financial Statements & Analysis

OceanFirst Financial (OCFC) Income Statement

OceanFirst Financial reported revenue of $655.60M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 74.1% from $376.53M a year earlier. Net income was $70.98M, down 26.1% year over year, a net margin of 10.8%. Gross margin was 54.5% and operating margin 14.1%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $130.23M, down 21.3% from the same quarter a year earlier.

OceanFirst Financial Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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OceanFirst Financial Corp. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	655.60	376.53	398.72	428.80	352.09	433.82	345.00	307.27	212.34
Cost of Revenue	298.40	315.83	255.92	61.47	24.92	126.06	54.46	39.64	24.06
Gross Profit	357.20	372.12	381.04	423.83	363.92	307.76	290.54	267.63	188.28
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	20.74	79.36	151.20	77.17	128.34	122.14	110.42	103.55	74.19
Operating Expenses	264.68	241.47	244.27	229.91	221.68	226.72	183.19	182.13	122.96
Operating Income	92.52	130.66	136.77	193.92	142.24	81.04	107.36	85.50	65.33
Other Income/Expense
Interest Income	642.45	642.17	607.97	431.18	342.09	379.61	308.79	276.65	188.83
Interest Expense	282.23	308.14	238.24	53.70	36.75	66.66	52.82	36.15	19.61
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	92.52	130.66	136.77	193.92	142.24	81.04	107.36	85.50	65.33
Income Tax Expense	21.49	30.27	32.70	46.57	32.17	17.73	18.78	13.57	22.86
Net Income	70.98	96.05	104.03	142.59	110.08	63.31	88.57	71.93	42.47
Net Income - Continuous Operations	70.98	100.39	104.07	147.36	110.08	63.31	88.57	71.93	42.47
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	93.27	14.54	16.40	16.48	157.12	95.77	119.79	98.12	73.75
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	0.76	3.33	3.98	4.72	5.45	14.69	12.43	12.51	8.43
Earnings Per Share
Basic EPS	1.00	2.00	2.00	2.00	2.00	1.00	2.00	2.00	1.00
Diluted EPS	1.00	2.00	2.00	2.00	2.00	1.00	2.00	2.00	1.00
Basic Shares Outstanding	57.42	58.30	58.95	58.73	59.41	59.92	50.17	46.77	32.11
Diluted Shares Outstanding	57.43	58.30	58.96	58.88	59.65	60.07	50.75	47.66	33.13

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About OceanFirst Financial Financial Statements

What was OceanFirst Financial's revenue in fiscal 2025?

OceanFirst Financial reported revenue of $655.60M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 74.1% from $376.53M a year earlier.

Is OceanFirst Financial profitable?

Yes. OceanFirst Financial earned net income of $70.98M in fiscal 2025, a net margin of 10.8%. In fiscal 2024 it earned $96.05M.

What is OceanFirst Financial's operating margin?

OceanFirst Financial's operating income was $92.52M on revenue of $655.60M in fiscal 2025, an operating margin of 14.1%, compared with 34.7% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition