OceanFirst Financial Revenue, Profits - OCFC Annual Income Statement

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$26.89 $0.04 (0.15%) OCFC stock closing price Apr 25, 2018 (Closing)

Financial analysis of OceanFirst Financial involves more than just checking the OceanFirst Financial stock price, by looking at the financial statements of the company in detail. An income statement is one of the three key financial statements furnished by a company, the other two being the balance sheet and the cashflow statement. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has grown from 153.83M to 215.9M and how operating and non operating activities have impacted the OCFC stock. Along with OceanFirst Financial assets and OceanFirst Financial free cash flow, OceanFirst Financial profits as shown in profit and loss statement give key insights about the business. The net profit for 2017 is $42.47M and the 2017 revenue is $215.9M.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
OceanFirst Financial Revenues or Net Sales
215.9M153.83M102.28M98.42M97.15M105.84M110.68M116.67M111.45M116.22M
Cost Of Goods Sold (COGS)12.33M7.51M4.3M4.1M4.7M7.54M10.4M14.34M18.03M26.75M
OceanFirst Financial Gross Profit
203.56M146.32M97.98M94.32M92.44M98.29M100.28M102.33M93.41M89.47M
Research & Development Expense----------
Selling General & Admin Expense120.63M88.31M60.15M60.39M62.58M60.79M60.41M61.64M54.95M49.22M
Income Before Depreciation Depletion Amortization82.93M58M37.83M33.93M29.86M37.5M39.87M40.69M38.45M40.25M
Depreciation Depletion Amortization2.03M---------
Non Operating Income8.29M16.53M1.87M-----1.28M-
Interest Expense7.27M5.64M4.73M3.4M4.91M6.55M7.65M9.91M12.36M18.62M
OceanFirst Financial Pretax Income
65.32M35.19M31.2M30.53M24.94M30.94M32.21M30.77M24.8M21.62M
Provision for Income Taxes22.85M12.15M10.88M10.61M8.61M10.92M11.47M10.4M9.15M6.86M
MinorityInterest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations42.47M23.04M20.32M19.92M16.33M20.02M20.74M20.37M15.65M14.76M
Extraordinary Items & Discontinued Operations----------
OceanFirst Financial Profit/ Loss (Net Income)
42.47M23.04M20.32M19.92M16.33M20.02M20.74M20.37M15.65M14.76M
Average Shares used to compute Diluted EPS33.13M23.53M16.81M16.8M17.16M17.83M18.24M18.19M12.78M11.76M
Average Shares used to compute Basic EPS32.11M23.09M16.6M16.69M17.07M17.73M18.19M18.14M12.74M11.67M
Income Before Nonrecurring Items56.17M35.04M21.64M19.92M19.59M20.02M20.74M20.38M15.65M14.76M
Income from Nonrecurring Items-13.7M-12M-1.32M--3.26M-----
OceanFirst Financial Earnings Per Share Basic Net
1.321.001.221.190.961.131.141.120.981.26
OceanFirst Financial Earnings Per Share Diluted Net
1.280.981.211.190.951.121.141.120.981.26
EPS Diluted Before Nonrecurring Items1.701.491.291.191.141.121.141.120.981.26
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.600.540.520.490.480.480.480.480.800.80
All figures in USD. M: Millions of USD, B: Billions of USD.
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Before investing one should read a report on OceanFirst Financial stock analysis. It helps to look at the following income statement items:

  • Revenue: This is the inflow that is generated from the sale of goods or services and is $215.9M for this year of 2017. Our OceanFirst Financial revenue chart gives a clear visual representation of how the topline or sales growth has been. Investors often invest only in those companies where the revenue is growing at a steady rate.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. OCFC stock had a healthy bottom line growth.

The income statement is also called the profit and loss statement. Apart from the OCFC income statement, one can check the OceanFirst Financial historical stock prices to check how the price has moved with time.

OceanFirst Financial Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
21.01
PS Ratio (price sales ratio)
4.01
Operating Margin
44
Net Profit Margin
18.2
Dividend Yield
2.23%