Earnings Summary

Oceanfirst Financial Corp’s revenue jumped 74.46% since last year same period to $173.75Mn in the Q1 2024. On a quarterly growth basis, Oceanfirst Financial Corp has generated 0.86% jump in its revenue since last 3-months.

Oceanfirst Financial Corp’s net profit jumped 2.81% since last year same period to $28.67Mn in the Q1 2024. On a quarterly growth basis, Oceanfirst Financial Corp has generated 3.56% jump in its net profits since last 3-months.

Oceanfirst Financial Corp’s net profit margin fell -41.07% since last year same period to 16.5% in the Q1 2024. On a quarterly growth basis, Oceanfirst Financial Corp has generated 2.67% jump in its net profit margins since last 3-months.

Oceanfirst Financial Corp’s price-to-earnings ratio after this Q1 2024 earnings stands at 8.93.

Oceanfirst Financial Corp’s earning per share (EPS) estimates for the current quarter stand at 0.41 - a -4.65% fall from last quarter’s estimates.

Oceanfirst Financial Corp’s earning per share (EPS) estimates for the current year stand at 0.41.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Oceanfirst Financial Corp’s return on assets (ROA) stands at 0.01.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Oceanfirst Financial Corp’s return on equity (ROE) stands at 0.06.

Oceanfirst Financial Corp declared 0.2 dividend per share during the earnings announcement for Q1 2024.