OCEANFIRST FINANCIAL CORP financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data OCEANFIRST FINANCIAL CORP files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating expenses	103	127	186	189	246	227	235	249	246	296
Interest expense	13.2	19.6	36.2	52.8	66.7	36.8	53.7	238
Pre-tax income	35.2	65.3	85.5	107	81	142	194	137	131	92.5
Income tax	12.2	22.9	13.6	18.8	17.7	32.2	46.6	32.7	30.3	21.5
Net income to minority interests					0	0	0.75	0.04	0.33	0.05
Net income	23	42.5	71.9	88.6	63.3	110	147	104	100	71
EPS, basic	1.00	1.32	1.54	1.77	1.02	1.79	2.43	1.70	1.65	1.17
EPS, diluted	0.98	1.28	1.51	1.75	1.02	1.78	2.42	1.70	1.65	1.17
Shares, basic (weighted)	23.1	32.1	46.8	50.2	59.9	59.4	58.7	58.9	58.3	57.4
Shares, diluted (weighted)	23.5	33.1	47.7	50.7	60.1	59.6	58.9	59	58.3	57.4
Dividend per share			0.62	0.68	0.68	0.68	0.74	0.80	0.80	0.80

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	301	110	122	133	1,319	225	168	154	124	135
Property, plant and equipment	71.4	102	111	103	107	126	127	121	115	113
Lease right-of-use assets				18.7	22.6	17.4	19.1	19	15.5	17.6
Goodwill	145	151	338	375	500	500	506	506	523	517
Intangible assets	10.9	8.89	17	15.6	23.7	18.2	13.5	9.51	12.7	9.05
Total assets	5,167	5,416	7,516	8,246	11,448	11,740	13,104	13,538	13,421	14,564
Total liabilities	4,595	4,814	6,477	7,093	9,964	10,223	11,518	11,876	11,718	12,902
Total debt	377	425	611	688	235	229	195	196	198	255
Paid-in capital	364	354	758	841	1,138	1,147	1,155	1,162	1,168	1,118
Retained earnings	238	271	305	359	378	442	541	593	642	663
Treasury stock	-22.5	-16	-10.8	-36.9	-25.7	-61.7	-69.1	-69.1	-90.6	-116
Other comprehensive income	-5.75	-5.35	-3.45	-1.21	0.62	-2.82	-36	-20.9	-15.9	-2.16
Shareholders' equity	572	602	1,039	1,153	1,484	1,517	1,585	1,661	1,702	1,663
Minority interests						0	0.8	0.78	1.11	0
Total equity	572	602	1,039	1,153	1,484	1,517	1,585	1,662	1,703	1,663
Total liabilities and equity	5,167	5,416	7,516	8,246	11,448	11,740	13,104	13,538	13,421	14,564
Shares outstanding	32.1	32.6	48	50.4	60.4	59.2	59.1	59.4	58.6	57.4

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	23	42.5	71.9	88.6	63.3	110	147	104	100	71
Depreciation and amortization	4.8	6.3	8.71	8.36	8.45	9.36	11.7	12.3	10.9	10.3
Stock-based compensation	1.51	2.18	3.04	3.86	4.26	5.42	6.64	5.85	6.08	4.87
Deferred income tax	5.8	35.4	-4.57	16.1	-4.62	3.61	1.78	3.15	-0.34	3.01
Cash from operations	33.4	80.1	92.6	100	133	160	250	124	92.2	87.2
Capital expenditures	-6.67	-48.7	-11.5	-5.08	-14.7	-42	-16.1	-7.71	-7.57	-7.7
Acquisitions			-3.74	59.4	23.5	0		0	-68.9	0
Purchases of investments	-10	-70	-33	-60.2	-77.5	-510	-69.5	-303	-257	-810
Sales and maturities of investments	18.5	0	18.5	29.3	43.5	104	104	22.4	19.5	9.91
Cash from investing	272	-455	48.6	-172	-22.2	-1,478	-1,321	-488	106	-1,176
Stock issued	3.99	3.35	5.32	1.34	1.24	1.95	0.42	0.7	0.57	0.72
Share buybacks	-1.88	0	-10.8	-26.1	-14.8	-36.1	-7.4	0	-21.5	-24.9
Dividends paid	-12.6	-19.3	-29.6	-34.2	-42.9	-44.5	-47.5	-51.3	-50.9	-48.2
Cash from financing	-47.7	183	-128	82.8	1,075	224	1,014	349	-229	1,100
Net change in cash	257	-192	12.7	10.9	1,185	-1,094	-56.8	-14.3	-30.1	11.5
Free cash flow	26.8	31.4	81.1	95.2	118	118	234	117	84.7	79.5
Interest paid	13.2	20.2	36.4	52.3	66.5	37.4	49.7	225	320	279
Income taxes paid	10.9	6.01	2.32	20	5.74	50.5	25.4	29.3	33.8	20.7

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $17.10 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Effective tax rate	25.0%	Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)	0.2%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Net income growth, 1y	-29.1%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-21.5%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	2.3%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-29.1%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-21.5%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	2.8%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-5.5%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-29.6%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-8.0%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-6.1%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-30.3%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-7.6%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	0.0%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	2.6%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	3.3%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-2.3%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	1.6%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	2.3%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	8.5%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	3.6%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	4.9%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-1.5%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-0.8%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-0.9%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Debt / assets	9.8%	Total debt / total assets.
Liabilities / assets	89.6%	Total liabilities / total assets.
Net debt	$2.01B	Total debt - cash - short-term investments. Negative means more cash than debt.
Goodwill and intangibles / assets	2.7%	(Goodwill + intangible assets) / total assets.

Efficiency

Metric	Value	How it is calculated
FCF conversion	235.2%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	7.4%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.68	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
FCF per share	$1.60	Free cash flow / diluted weighted shares.
Operating cash flow per share	$1.73	Cash from operations / diluted weighted shares.
Cash per share	$3.90	(Cash + short-term investments) / shares outstanding.
Payout ratio	95.8%	Dividends paid / net income, when net income is positive.
Dividends / FCF	40.7%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	6.7%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$1.65B	Share price x shares outstanding.
Enterprise value	$3.67B	Market cap + total debt - cash - short-term investments.
P/E	34.5x	Market cap / net income. Only when net income is positive.
P/FCF	14.7x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	13.6x	Market cap / cash from operations, when positive.
EV/FCF	32.5x	Enterprise value / free cash flow, when both are positive.
FCF yield	6.8%	Free cash flow / market cap.
Earnings yield	2.9%	Net income / market cap (the inverse of P/E).
Dividend yield	2.8%	Dividends paid over the period / market cap.
Shareholder yield	3.2%	(Dividends paid + share buybacks) / market cap.

Was OCEANFIRST FINANCIAL CORP profitable in fiscal 2025?

Yes. Net income was $71.0M, a net margin of -.

How much free cash flow did OCEANFIRST FINANCIAL CORP generate in fiscal 2025?

Cash from operations of $87.2M minus capital expenditures of $7.7M left free cash flow of $79.5M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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