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 $153.8 m in 2016
Numbers are in $, USD

Revenue (Y, 2016)

153.8 m

Revenue growth (Y, 2015 - Y, 2016), %

79%

Gross profit (Y, 2016)

140.7 m

Gross profit margin (Y, 2016), %

91%

Net income (Y, 2016)

23 m

EBIT (Y, 2016)

117.6 m

Market capitalization (24-May-2017)

842.2 m

Closing share price (24-May-2017)

26.6

Cash (31-Dec-2016)

301.4 m
OceanFirst Bank's current market capitalization is $842.2 m.
Numbers are in $, USDFY, 2013FY, 2014FY, 2015Y, 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
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

43.9 m301.4 m

Accounts Receivable

Inventories

PP&E

28.4 m71.4 m

Goodwill

1.8 m145.1 m

Total Assets

2.6 b5.2 b

Accounts Payable

Additional Paid-in Capital

269.8 m364.4 m

Retained Earnings

229.1 m238.2 m

Total Equity

238.4 m572 m

Financial Leverage

10.9 x9 x
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

16.3 m19.9 m20.3 m23 m

Accounts Receivable

Inventories

Accounts Payable

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
Numbers are in $, USDY, 2016

Revenue/Employee

457.8 k

Financial Leverage

9 x

OceanFirst Bank Market Value History

OceanFirst Bank Online and Social Media Presence

OceanFirst Bank News and Updates

OceanFirst Bank Company Life and Culture

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