OceanFirst Bank

When OceanFirst Bank opened in 1902, our founders believed in the future of our growing local community. They wanted to help their neighbors realize the dream of owning a home. Just as we were there over a century ago, we're still here today, helping families throughout central New Jersey with all of their financial needs during every stage of life. Children are learning the importance of saving with OceanFirst KidSaveSmart accounts. Newlyweds are buying a first home to start their families with an OceanFirst mortgage. Families can finance the education of the next generation with a home equity line of credit. And people secure their future with OceanFirst accounts that help them to prepare for retirement. With branches conveniently located throughout central New Jersey, there's always an OceanFirst banking expert close by, ready to lend a hand and help you realize your dreams, during every stage of your life.
Type
Public
HQ
Toms River, US
Founded
1902
Size (employees)
336 (est)
OceanFirst Bank was founded in 1902 and is headquartered in Toms River, US

OceanFirst Bank Office Locations

OceanFirst Bank has an office in Toms River
Toms River, US (HQ)
16 730 Jamaica Blvd

OceanFirst Bank Data and Metrics

OceanFirst Bank Financial Metrics

OceanFirst Bank's revenue was reported to be $52 m in Q1, 2017
USD

Revenue (Q1, 2017)

52 m

Gross profit (Q1, 2017)

47.5 m

Gross profit margin (Q1, 2017), %

91%

Net income (Q1, 2017)

12 m

EBIT (Q1, 2017)

40.8 m

Market capitalization (25-Jul-2017)

908.3 m

Cash (31-Mar-2017)

175.3 m
OceanFirst Bank's current market capitalization is $908.3 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

80.2 m79.9 m85.9 m153.8 m

Revenue growth, %

(0%)8%79%

Cost of goods sold

9 m13.2 m

Gross profit

76.8 m140.7 m

Gross profit Margin, %

89%91%

Operating expense total

60.8 m102.9 m

EBIT

75.6 m117.6 m

EBIT margin, %

88%76%

Pre tax profit

31.2 m35.2 m

Income tax expense

10.9 m12.2 m

Net Income

16.3 m19.9 m20.3 m23 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

24.7 m26.1 b26.4 m38 m43.2 m52 m

Cost of goods sold

2.1 m2.4 b2.5 m3.1 m3.4 m4.5 m

Gross profit

22.6 m23.7 b23.9 m34.9 m39.8 m47.5 m

Gross profit Margin, %

91%91%90%92%92%91%

Sales and marketing expense

415 k398 m251 k543 k479 k740 k

R&D expense

1.1 m1.2 b1.3 m1.9 m2.1 m2.4 m

Operating expense total

1.5 m1.6 b1.5 m2.4 m2.6 m3.1 m

EBIT

18.1 m19.3 b20 m29.4 m33 m40.8 m

EBIT margin, %

73%74%76%77%76%78%

Pre tax profit

7.9 m7.3 b6.7 m5.6 m13.9 m15.8 m

Income tax expense

2.8 m2.6 b2.5 m1.9 m4.8 m3.8 m

Net Income

5.1 m5.2 m5.3 m10.4 m15.1 m4.2 m7.9 m17 m12 m
USDFY, 2015FY, 2016

Cash

43.9 m301.4 m

PP&E

28.4 m71.4 m

Goodwill

1.8 m145.1 m

Total Assets

2.6 b5.2 b

Accounts Payable

4.2 b

Total Debt

250.5 m

Total Liabilities

4.6 b

Additional Paid-in Capital

269.8 m364.4 m

Retained Earnings

229.1 m238.2 m

Total Equity

238.4 m572 m

Debt to Equity Ratio

0.4 x

Debt to Assets Ratio

0 x

Financial Leverage

10.9 x9 x
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

40.4 m50.6 m34.3 m66.2 m311.6 m175.3 m

PP&E

24.9 m28.7 m28.3 m49.4 m51.2 m70.8 m

Goodwill

1.8 m2.1 m67.1 m66.5 m147.8 m

Total Assets

2.4 b2.6 b2.6 b4 b4.2 b5.2 b

Accounts Payable

1.8 b2 b2 b3.2 b3.3 b4.2 b

Additional Paid-in Capital

267.2 m269.3 m271 m308.5 m309 m352.3 m

Retained Earnings

223.6 m226.1 m231 m230.9 m236.5 m256 m

Total Equity

221.5 m234.7 m241.1 m409.3 m417.2 m582.7 m

Financial Leverage

10.8 x10.9 x10.7 x9.9 x9.9 x8.9 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

16.3 m19.9 m20.3 m23 m

Cash From Operating Activities

28.5 m32.8 m

Cash From Investing Activities

(95.3 m)271.7 m

Dividends Paid

(8.7 m)(12.6 m)

Cash From Financing Activities

74.7 m(47.1 m)

Interest Paid

8.9 m13.2 m

Income Taxes Paid

10.6 m10.9 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

5.1 m5.2 m5.3 m10.4 m15.1 m4.2 m7.9 m17 m12 m

Cash From Operating Activities

15.8 m21.7 m8 m16.1 m45.9 m12 m

Cash From Investing Activities

(40.3 m)(51.4 m)11.2 m128.8 m255.4 m(153.4 m)

Dividends Paid

(4.3 m)(6.5 m)(2.2 m)(5.5 m)(8.8 m)(4.8 m)

Cash From Financing Activities

28.7 m44.2 m(28.9 m)(122.6 m)(33.6 m)15.3 m

Interest Paid

4.1 m6.6 m2.5 m5.5 m8.9 m5.3 m

Income Taxes Paid

762 k7.9 m162 k4.7 m7.1 m2 k
USDY, 2017

Revenue/Employee

154.8 k

Financial Leverage

8.9 x

OceanFirst Bank Market Value History

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