Company Information

  

Address: 975 HOOPER AVE  
City: TOMS RIVER 
State: NJ 
Zip Code: 08753-8396 
Telephone: 732-240-4500 

Description of Business

Primary SIC Code: 6035
(As filed with the SEC)  

OceanFirst Financial Corp. (the "Company") is incorporated under Delaware law and serves as the holding company for OceanFirst Bank N.A. (the "Bank"). At December 31, 2017, the Company had consolidated total assets of $5.4 billion and total stockholders' equity of $601.9 million. The Company is subject to regulation by the Board of Governors of the Federal Reserve System (the "FRB") and the Securities and Exchange Commission ("SEC"). The Bank is subject to regulation and supervision by the Office of the Comptroller of the Currency ("OCC") and the Federal Deposit Insurance Corporation ("FDIC"). Currently, the Company does not transact any material business other than through its subsidiary, the Bank. The Company has been the holding company for the Bank since it acquired the stock of the Bank upon the Bank's conversion from a Federally-chartered mutual savings bank to a Federally-chartered capital stock savings bank in 1996 (the "Conversion").  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/20181.040.15025.72
12/20171.280.15020.51
09/20171.190.15023.10
06/20171.180.15022.98
03/20171.090.15025.85
12/20160.980.15030.64
09/20161.080.15017.83
06/20160.970.13018.73

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.13Total Liab/Total Assets0.89
Net Inc/Total Assets0.01Total Liab/Inv Cap0.96
Net Inc/Inv Cap0.01Total Liab/Comm Equity14.21
Pretax Inc/Net Sales0.30Interest Coverage Ratio9.98
Net Inc/Net Sales0.20Curr Debt/Equity0.71
Cash Flow/Net Sales0.37LTD/EquityNA
SG&A/NetSales0.54Total Debt/Equity0.71
Asset Utilization   Liquidity  
Net Receivables Turnover16.45Quick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&E1.96  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 71.75 54.65 55.39 53.85
Cost of Goods Sold 4.46 3.52 3.13 2.91
Selling & Admin Exps 37.50 25.21 28.53 33.47
Operating Income NA NA NA NA
Interest Exp 2.66 1.89 1.85 1.79
Pretax Income 6.43 20.14 18.52 10.85
Other Income NA NA NA NA
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 5.43 9.96 12.82 7.68

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 1,197.90 983.68 1,083.75 910.68
Receivables - Total 19.42 14.25 13.63 13.04
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment 130.10 109.96 73.68 68.41
Total Assets 7,494.90 5,416.01 5,383.91 5,202.20
Liabilities        
Accounts Payable NA NA NA NA
Debt in Current Liabilities 523.47 424.88 390.98 409.21
Total Current Liabilities NA NA NA NA
Long-Term Debt NA NA NA NA
Total Liabilities 6,487.44 4,814.07 4,787.66 4,614.90
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 0.48 0.34 0.34 0.34
Retained Earnings 268.99 271.02 266.05 258.47
Treasury Stock 0.00 -15.97 -16.37 -16.98
Total Stockholders' Equity 1,007.46 601.94 596.25 587.30
Total Liabilities and Stockholders' Equity 7,494.90 5,416.01 5,383.91 5,202.20

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities 7.70 17.44 32.50 18.25
Net Cash Provided by Investing Activities 84.22 -181.59 -34.63 -85.62
Net Cash Provided by Financing Activities -82.16 18.51 149.73 -0.22

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/201396.6216.330.95
12/201498.4319.921.19
12/2015102.2920.321.21
12/2016153.8423.050.98
12/2017215.9042.471.28
Growth Rates22.2726.997.74

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/1815635,33973.42




Report Date : 7/16/2018

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