OceanFirst Financial (OCFC) financial statements
OceanFirst Financial reported revenue of $405M in fiscal 2025, up 12.5% a year over 9 years.
Net income was $71M.
Free cash flow was $80M, and the company returned $48M in dividends and $25M in net buybacks.
The diluted share count rose 144% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from OceanFirst Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $141M | $196M | $275M | $298M | $387M | $357M | $437M | $403M | $384M | $405M |
| Interest expense | $13M | $20M | $36M | $53M | $67M | $37M | $54M | $238M | — | — |
| Pre-tax income | $35M | $65M | $86M | $107M | $81M | $142M | $194M | $137M | $131M | $93M |
| Income tax | $12M | $23M | $14M | $19M | $18M | $32M | $47M | $33M | $30M | $21M |
| Net income | $23M | $42M | $72M | $89M | $63M | $110M | $147M | $104M | $100M | $71M |
| EPS (diluted) | $0.98 | $1.28 | $1.51 | $1.75 | $1.02 | $1.78 | $2.42 | $1.70 | $1.65 | $1.17 |
| Diluted shares | 24M | 33M | 48M | 51M | 60M | 60M | 59M | 59M | 58M | 57M |
| Net margin | 16.4% | 21.6% | 26.1% | 29.7% | 16.4% | 30.8% | 33.6% | 25.8% | 26.0% | 17.5% |
Balance sheet
Fiscal years, from OceanFirst Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $301M | $110M | $122M | $133M | $1.3B | $225M | $168M | $154M | $124M | $135M |
| Property, plant and equipment | $71M | $102M | $111M | $103M | $107M | $126M | $127M | $121M | $115M | $113M |
| Goodwill | $145M | $151M | $338M | $375M | $500M | $500M | $506M | $506M | $523M | $517M |
| Total assets | $5.2B | $5.4B | $7.5B | $8.2B | $11.4B | $11.7B | $13.1B | $13.5B | $13.4B | $14.6B |
| Total liabilities | $4.6B | $4.8B | $6.5B | $7.1B | $10.0B | $10.2B | $11.5B | $11.9B | $11.7B | $12.9B |
| Shareholders' equity | $572M | $602M | $1.0B | $1.2B | $1.5B | $1.5B | $1.6B | $1.7B | $1.7B | $1.7B |
| Net debt | -$301M | -$110M | -$122M | -$133M | -$1.3B | -$225M | -$168M | -$154M | -$124M | -$135M |
Cash flow
Fiscal years, from OceanFirst Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $33M | $80M | $93M | $100M | $133M | $160M | $250M | $124M | $92M | $87M |
| Capital spending | $7M | $49M | $11M | $5M | $15M | $42M | $16M | $8M | $8M | $8M |
| Free cash flow | $27M | $31M | $81M | $95M | $118M | $118M | $234M | $117M | $85M | $80M |
| Stock-based compensation | $2M | $2M | $3M | $4M | $4M | $5M | $7M | $6M | $6M | $5M |
| Dividends paid | $13M | $19M | $30M | $34M | $43M | $45M | $48M | $51M | $51M | $48M |
| Share buybacks (net) | -$2M | $0 | -$11M | -$26M | -$15M | -$36M | -$7M | $0 | -$21M | -$25M |
| Net borrowing | -$175M | $40M | $126M | $106M | -$226M | -$10M | -$50M | $4M | -$13M | -$6M |
| Free cash flow margin | 19.0% | 16.0% | 29.4% | 31.9% | 30.5% | 33.0% | 53.7% | 28.9% | 22.0% | 19.6% |
| Dividends per share | $0.54 | $0.58 | $0.62 | $0.67 | $0.71 | $0.75 | $0.81 | $0.87 | $0.87 | $0.84 |
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Open OCFC in InvestinglyQuestions
What was OceanFirst Financial's revenue in 2025?
$405M in fiscal 2025, from its 10-K filing.
How much free cash flow does OceanFirst Financial generate?
$80M in fiscal 2025 (operating cash flow minus capital spending).
From OceanFirst Financial's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.