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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,2721211211103014436
Cash and cash equivalents1,2721211211103014436
Disposal group, including discontinued operation      4
Total current assets:1,2721211211103014440
Noncurrent Assets
Finance lease, right-of-use asset22
Operating lease, right-of-use asset2319
Property, plant and equipment  111102712825
Intangible assets, net (including goodwill)5243903551591562 
Goodwill5003753381511452 
Intangible assets, net (excluding goodwill)2416179110 
Deferred income tax assets 50
Total noncurrent assets:5484614672612273025
Other undisclosed assets9,6287,6656,9295,0454,6382,5192,292
TOTAL ASSETS:11,4488,2467,5165,4165,1672,5932,357
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1284313421777216568
Total current liabilities:1284313421777216568
Noncurrent Liabilities
Other undisclosed liabilities9,8366,6626,1354,6374,5232,1902,071
Total liabilities:9,9647,0936,4774,8144,5952,3552,138
Stockholders' equity
Stockholders' equity attributable to parent, including:1,4841,1531,039602572238218
Preferred stock0      
Common stock1100000
Treasury stock, value(26)(37)(11)(16)(23)(252)(255)
Additional paid in capital1,138841758354364270265
Accumulated other comprehensive income (loss)1(1)(3)(5)(6)(6)(7)
Retained earnings378359305271238229218
Other undisclosed stockholders' equity attributable to parent(7)(9)(10)(2)(3)(3)(3)
Total stockholders' equity:1,4841,1531,039602572238218
TOTAL LIABILITIES AND EQUITY:11,4488,2467,5165,4165,1672,5932,357

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues3492802501881368880
Net investment income3492802501711237871
Cost of revenue(59)(2)(3)(4)(3)(1)(3)
Provision for loan, lease, and other losses(59)(2)(3)
Financial services costs(4)(3)(1)(3)
Gross profit:2902782461831338777
Operating expenses(246)(189)(186)(127)(103)(61)(58)
Other operating income, net
(Noninterest Income, Other Operating Income)
1620000
Operating income:44956257312620
Nonoperating income15512111
Investment income, nonoperating8      
Bank owned life insurance income6553221
Profit (loss) from real estate operations0(0)(4)(1)(1)(0)(0)
Interest and debt expense(67)(53)(36)(20)(13)(9)(8)
Other undisclosed income from continuing operations before equity method investments, income taxes      17
Income (loss) from continuing operations before equity method investments, income taxes:(8)472740191931
Other undisclosed income from continuing operations before income taxes896059251613 
Income from continuing operations before income taxes:811078665353131
Income tax expense(18)(19)(14)(23)(12)(11)(11)
Net income attributable to parent:63897242232020
Preferred stock dividends and other adjustments(2)      
Net income available to common stockholders, diluted:61897242232020

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:63897242232020
Other comprehensive income (loss)222011(0)
Comprehensive income, net of tax, attributable to parent:65917443242119

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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