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 Financials and Metrics

OceanFirst Bank Financials

OceanFirst Bank's revenue was reported to be $153.8 m in FY, 2016
USD

Revenue (Q2, 2017)

53.9 m

Gross profit (Q2, 2017)

49.1 m

Gross profit margin (Q2, 2017), %

91%

Net income (Q2, 2017)

7.7 m

EBIT (Q2, 2017)

41 m

Market capitalization (13-Nov-2017)

863.1 m

Cash (30-Jun-2017)

107.7 m

EV

1 b
OceanFirst Bank's current market capitalization is $863.1 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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

24.7 m26.1 b26.4 m38 m43.2 m52 m53.9 m

Cost of goods sold

2.1 m2.4 b2.5 m3.1 m3.4 m4.5 m4.7 m

Gross profit

22.6 m23.7 b23.9 m34.9 m39.8 m47.5 m49.1 m

Gross profit Margin, %

91%91%90%92%92%91%91%
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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

40.4 m50.6 m34.3 m66.2 m311.6 m175.3 m107.7 m

PP&E

24.9 m28.7 m28.3 m49.4 m51.2 m70.8 m59.5 m

Goodwill

1.8 m2.1 m67.1 m66.5 m147.8 m148.4 m

Total Assets

2.4 b2.6 b2.6 b4 b4.2 b5.2 b5.2 b
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)
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

5.1 m5.2 m5.3 m10.4 m15.1 m4.2 m7.9 m17 m12 m19.7 m

Cash From Operating Activities

15.8 m21.7 m8 m16.1 m45.9 m12 m30.2 m

Cash From Investing Activities

(40.3 m)(51.4 m)11.2 m128.8 m255.4 m(153.4 m)(239 m)

Dividends Paid

(4.3 m)(6.5 m)(2.2 m)(5.5 m)(8.8 m)(4.8 m)(9.6 m)
Y, 2017

EV/EBIT

25.2 x

EV/CFO

34.2 x

Financial Leverage

8.9 x
Show all financial metrics

OceanFirst Bank Operating Metrics

OceanFirst Bank's Total Loans Issued was reported to be $3.9 b in Q2, 2017
Show all operating metrics

OceanFirst Bank Market Value History

OceanFirst Bank's Web-traffic and Trends

OceanFirst Bank Online and Social Media Presence

OceanFirst Bank Company Life and Culture

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