OceanFirst Financial Corp. (OCFC) Income Statement
OCFC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsOCFC revenue and net income
Where OCFC's revenue goes
2025Each bar shows an amount and its share of revenue. OCFC kept 10.8% of revenue as net income.
OCFC profit margins
OCFC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −4.7% | +10.5% | +8.6% | +20.6% |
| Gross profit | −4.0% | −5.5% | +3.0% | +14.8% |
| Operating income | −29.2% | −21.9% | +2.7% | +11.5% |
| Net income | −29.1% | −21.5% | +2.3% | +13.3% |
| EPS (diluted) | −10.6% | −15.3% | +5.0% | +1.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
OCFC quarterly EPS vs estimates
OceanFirst Financial beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 27, 2026 (estimate $0.40).
OCFC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $655.6M | $687.9M | $637.0M | $485.3M | $388.8M | $433.8M | $345.0M | $307.3M | $212.3M | $151.5M |
| Cost of revenue | $298.4M | $315.8M | $255.9M | $61.5M | $24.9M | $126.1M | $54.5M | $39.6M | $24.1M | $15.8M |
| Gross profit | $357.2M | $372.1M | $381.0M | $423.8M | $363.9M | $307.8M | $290.5M | $267.6M | $188.3M | $135.7M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $20.7M | $14.6M | $151.2M | $142.2M | $128.3M | $122.1M | $110.4M | $103.5M | $74.2M | $59.4M |
| Total operating expenses | $264.7M | $241.5M | $244.3M | $229.9M | $221.7M | $226.7M | $183.2M | $182.1M | $123.0M | $100.5M |
| Operating income | $92.5M | $130.7M | $136.8M | $193.9M | $142.2M | $81.0M | $107.4M | $85.5M | $65.3M | $35.2M |
| Interest income | $642.5M | $642.2M | $577.8M | $431.2M | $342.1M | $379.6M | $308.8M | $276.7M | $188.8M | $133.4M |
| Interest expense | $282.2M | $308.1M | $238.2M | $53.7M | $36.8M | $66.7M | $52.8M | $36.2M | $19.6M | $13.2M |
| Income before taxes | $92.5M | $130.7M | $136.8M | $193.9M | $142.2M | $81.0M | $107.4M | $85.5M | $65.3M | $35.2M |
| Income taxes | $21.5M | $30.3M | $32.7M | $46.6M | $32.2M | $17.7M | $18.8M | $13.6M | $22.9M | $12.2M |
| Net income | $71.0M | $100.1M | $104.0M | $146.6M | $110.1M | $63.3M | $88.6M | $71.9M | $42.5M | $23.0M |
| EBITDA | $106.5M | $145.2M | $153.2M | $210.4M | $157.1M | $95.8M | $119.8M | $98.1M | $73.8M | $40.8M |
| EPS (diluted) | $1.43 | $1.60 | $1.78 | $2.35 | $1.86 | $1.12 | $2.07 | $1.98 | $1.70 | $1.48 |
| Gross margin | 54.5% | 54.1% | 59.8% | 87.3% | 93.6% | 70.9% | 84.2% | 87.1% | 88.7% | 89.6% |
| Operating margin | 14.1% | 19.0% | 21.5% | 40.0% | 36.6% | 18.7% | 31.1% | 27.8% | 30.8% | 23.2% |
| Net margin | 10.8% | 14.5% | 16.3% | 30.2% | 28.3% | 14.6% | 25.7% | 23.4% | 20.0% | 15.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $209.6M | $166.5M | $157.9M | $173.3M | $165.4M | $163.8M | $170.7M | $175.1M | $169.3M | $172.8M | $171.3M | $168.0M |
| Cost of revenue | $88.9M | $74.6M | $80.2M | $75.6M | $70.2M | $72.4M | $79.8M | $79.8M | $80.3M | $76.0M | $75.8M | $77.7M |
| Gross profit | $120.7M | $91.9M | $77.7M | $97.7M | $95.2M | $91.4M | $91.0M | $95.2M | $89.1M | $96.9M | $95.5M | $90.3M |
| Sales, general & admin | $5.3M | $4.2M | $6.3M | $45.5M | $44.7M | $40.8M | $40.7M | $101.4M | $37.0M | $36.9M | $37.6M | $39.3M |
| Total operating expenses | $123.3M | $64.8M | $60.9M | $75.2M | $70.3M | $63.1M | $63.7M | $62.6M | $57.5M | $57.6M | $59.2M | $63.3M |
| Operating income | −$2.5M | $27.1M | $16.8M | $22.5M | $24.9M | $28.3M | $27.4M | $32.6M | $31.5M | $39.2M | $36.3M | $27.0M |
| Interest income | $209.6M | $168.3M | $171.7M | $162.2M | $154.8M | $153.7M | $159.6M | $161.5M | $159.4M | $161.6M | $160.4M | $158.4M |
| Interest expense | $88.9M | $71.8M | $76.5M | $71.5M | $67.2M | $67.1M | $76.3M | $79.3M | $77.2M | $75.4M | $72.6M | $67.4M |
| Income before taxes | −$2.5M | $27.1M | $16.8M | $22.5M | $24.9M | $28.3M | $27.2M | $32.6M | $31.5M | $39.2M | $36.3M | $27.0M |
| Income taxes | $496,000 | $6.5M | $3.8M | $5.2M | $5.8M | $6.8M | $5.1M | $7.5M | $7.1M | $10.6M | $8.6M | $6.5M |
| Net income | −$3.0M | $20.5M | $13.1M | $17.3M | $19.0M | $21.5M | $21.9M | $25.1M | $24.4M | $28.7M | $27.7M | $20.7M |
| EBITDA | $3.3M | $30.8M | $20.5M | $26.2M | $28.4M | $31.8M | $30.8M | $36.2M | $35.3M | $43.0M | $40.5M | $31.1M |
| EPS (diluted) | $0.43 | $0.43 | $0.41 | $0.36 | $0.31 | $0.35 | $0.38 | $0.39 | $0.39 | $0.44 | $0.45 | $0.32 |
| Gross margin | 57.6% | 55.2% | 49.2% | 56.4% | 57.5% | 55.8% | 53.3% | 54.4% | 52.6% | 56.0% | 55.8% | 53.8% |
| Operating margin | −1.2% | 16.3% | 10.7% | 13.0% | 15.0% | 17.3% | 16.0% | 18.7% | 18.6% | 22.7% | 21.2% | 16.1% |
| Net margin | −1.4% | 12.3% | 8.3% | 10.0% | 11.5% | 13.1% | 12.8% | 14.3% | 14.4% | 16.6% | 16.2% | 12.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in OCFC's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
OCFC financial results
In fiscal year 2025 (ended December 31, 2025), OceanFirst Financial reported revenue of $655.6 million, down 4.7% from the year before. It had net income of $71.0 million (down 29.1%), a net profit margin of 10.8%. Diluted earnings per share came to $1.43. Over five years revenue grew at an average rate of 8.6% a year.
See the OCFC stock overview for the latest quote and news, or the OCFC chart for price history and technical indicators.
OCFC income statement FAQ
What is OceanFirst Financial's annual revenue?
OceanFirst Financial reported total revenue of $655.6 million for fiscal year 2025, which ended on December 31, 2025. That was down 4.7% from $687.9 million the previous year.
Is OceanFirst Financial profitable?
Yes. OceanFirst Financial reported net income of $71.0 million in fiscal 2025, a net profit margin of 10.8%; its operating margin was 14.1%.
What is OceanFirst Financial's gross margin?
OceanFirst Financial's gross margin was 54.5% in fiscal 2025: for every $100 of revenue, OceanFirst Financial kept $54 after the direct cost of its products and services.
How fast is OceanFirst Financial growing?
Revenue grew 8.6% a year on average over the last five fiscal years, from $433.8 million to $655.6 million.
What are OceanFirst Financial's earnings per share?
OceanFirst Financial earned $1.43 per diluted share in fiscal 2025, compared with $1.60 a year earlier.
When will OceanFirst Financial report its next earnings?
OceanFirst Financial is expected to report results for the quarter ending September 30, 2026 on October 27, 2026 after the market closes.
When does OceanFirst Financial's fiscal year end?
OceanFirst Financial's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.