OceanFirst Financial Corp. (OCFC) financial statements (2021 and earlier)

Company profile

Business Address 975 HOOPER AVE
TOMS RIVER, NJ 08753-8396
State of Incorp. DE
Fiscal Year End December 31
SIC 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1211211103014436 
Cash and cash equivalents1211211103014436 
Disposal group, including discontinued operation     4 
Total current assets:1211211103014440 
Noncurrent Assets
Finance lease, right-of-use asset2
Operating lease, right-of-use asset19
Property, plant and equipment 11110271282524
Intangible assets, net (including goodwill)3903551591562 
Goodwill3753381511452  
Intangible assets, net (excluding goodwill)16179110  
Deferred income tax assets50
Total noncurrent assets:461467261227302524
Other undisclosed assets7,6656,9295,0454,6382,5192,2922,226
TOTAL ASSETS:8,2467,5165,4165,1672,5932,3572,250
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt4313421777216568 
Total current liabilities:4313421777216568 
Noncurrent Liabilities
Other undisclosed liabilities6,6626,1354,6374,5232,1902,0712,035
Total liabilities:7,0936,4774,8144,5952,3552,1382,035
Stockholders' equity
Stockholders' equity attributable to parent, including:1,1531,039602572238218214
Common stock1000000
Treasury stock, value(37)(11)(16)(23)(252)(255)(245)
Additional paid in capital841758354364270265263
Accumulated other comprehensive loss(1)(3)(5)(6)(6)(7)(7)
Retained earnings359305271238229218206
Other undisclosed stockholders' equity attributable to parent(9)(10)(2)(3)(3)(3)(4)
Total stockholders' equity:1,1531,039602572238218214
TOTAL LIABILITIES AND EQUITY:8,2467,5165,4165,1672,5932,3572,250

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues28025018813688808
Net investment income2802501711237871 
Financial services revenue17131198
Cost of revenue(2)(3)(4)(3)(1)(3)(3)
Provision for loan, lease, and other losses(2)(3)
Financial services costs(4)(3)(1)(3)(3)
Gross profit:27824618313387775
Operating expenses(189)(186)(127)(103)(61)(58)(60)
Other operating income, net
(Noninterest Income, Other Operating Income)
6200000
Operating income (loss):956257312620(55)
Nonoperating income5121111
Bank owned life insurance income5532211
Loss from real estate operations(0)(4)(1)(1)(0)(0)(0)
Interest and debt expense(53)(36)(20)(13)(9)(8)(10)
Other undisclosed income from continuing operations before equity method investments, income taxes     1788
Income from continuing operations before equity method investments, income taxes:47274019193125
Other undisclosed income from continuing operations before income taxes6059251613  
Income from continuing operations before income taxes:107866535313125
Income tax expense(19)(14)(23)(12)(11)(11)(9)
Net income available to common stockholders, diluted:89724223202016

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:89724223202016
Other comprehensive income (loss)22011(0) 
Comprehensive income:91744324211916
Other undisclosed comprehensive loss, net of tax, attributable to parent      (7)
Comprehensive income, net of tax, attributable to parent:91744324211910

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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