NASDAQ$OCFC
OceanFirst Financial Corp · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
OceanFirst reported net income available to common stockholders of $29.6 million, or $0.49 per diluted share, for the second quarter of 2021, compared to $18.6 million, or $0.31 per diluted share, for the same period last year.
OceanFirst Financial Corp. announced second quarter financial results with net income available to common stockholders of $29.6 million, or $0.49 per diluted share. The company's commercial banking expansion contributed to a record loan pipeline of $628.6 million. A generational core systems upgrade was successfully completed, enhancing operational functionality and efficiencies.
- Net income available to common stockholders was $29.6 million, or $0.49 per diluted share.
- Commercial banking expansion remains a strategic focus, with seven commercial bankers added in the quarter.
- A record loan pipeline of $628.6 million was achieved as of June 30, 2021.
- A generational core systems upgrade was successfully completed.
Headline financials
Revenue & EPS history
OceanFirst · Revenue · Quarterly
$85.8M
Revenue by segment
OceanFirst · $81.4M total across 1 segment · Q4 2021
- Loans$81.4M—100.0%
Forward guidance
Management will discuss the commercial banking expansion plans, digital banking investments, as well as expense management strategies in more detail at the Company’s previously announced Investor Day scheduled to take place at the Administrative Offices in Red Bank, New Jersey, on August 5, 2021.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
+0.0%
Avg return
Earnings day
-0.2%
Avg return
5 days after
+0.6%
Avg return
30 days after
52%
34 / 65 earnings
Positive
+6.7%
Q4 2022
Best reaction
-8.3%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.3% | -0.9% | -1.9% | |
| Q4 2025 | -3.6% | -5.0% | +0.8% | |
| Q3 2025 | -5.8% | -3.1% | -5.8% | |
| Q2 2025 | -2.3% | -1.1% | +3.4% | |
| Q1 2025 | +0.3% | +0.4% | +0.7% | |
| Q3 2024 | -0.3% | -5.3% | +6.9% | |
| Q2 2024 | -6.8% | -2.7% | -11.6% | |
| Q1 2024 | +4.9% | +6.7% | +11.1% | |
| Q4 2023 | +6.5% | +9.0% | -4.7% | |
| Q3 2023 | -4.2% | -10.4% | +1.9% | |
| Q2 2023 | -2.7% | -0.4% | -2.8% | |
| Q1 2023 | -8.3% | -13.0% | -19.7% | |
| Q4 2022 | +6.7% | +8.3% | +17.1% | |
| Q3 2022 | +2.9% | +6.5% | +10.4% | |
| Q2 2022 | -1.0% | -1.3% | -4.0% | |
| Q1 2022 | +1.3% | +2.4% | +7.5% | |
| Q4 2021 | -0.2% | +0.4% | -1.0% | |
| Q3 2021 | +1.4% | +5.5% | -4.0% | |
| Q2 2021 | -0.3% | +0.1% | +11.8% | |
| Q1 2021 | -1.5% | -1.9% | -4.7% | |
| Q4 2020 | -0.6% | +2.6% | +18.9% | |
| Q3 2020 | -4.8% | -2.7% | +3.9% | |
| Q2 2020 | +1.1% | -0.7% | -4.1% | |
| Q1 2020 | +6.6% | +7.6% | +5.4% | |
| Q4 2019 | -2.2% | -5.7% | -11.8% | |
| Q3 2019 | -0.3% | +0.5% | -0.8% | |
| Q2 2019 | -0.3% | -5.2% | -19.8% | |
| Q1 2019 | +0.8% | +1.9% | -1.5% | |
| Q4 2018 | +0.8% | +1.5% | +8.2% | |
| Q3 2018 | +3.1% | +4.9% | +1.9% | |
| Q2 2018 | -0.3% | -2.7% | -1.4% | |
| Q1 2018 | +2.3% | -0.4% | +9.3% | |
| Q4 2017 | -2.0% | -2.6% | -4.3% | |
| Q3 2017 | +3.9% | -1.0% | -4.2% | |
| Q2 2017 | -1.9% | +0.3% | -7.9% | |
| Q1 2017 | -3.0% | -1.7% | -7.6% | |
| Q4 2016 | -0.5% | -5.0% | -1.7% | |
| Q3 2016 | +3.7% | +6.9% | +24.0% | |
| Q2 2016 | +0.5% | -0.5% | +4.4% | |
| Q1 2016 | +0.1% | — | — | |
| Q4 2015 | -0.2% | — | — | |
| Q3 2015 | +2.3% | — | — | |
| Q2 2015 | -2.8% | — | — | |
| Q1 2015 | +2.3% | — | — | |
| Q4 2014 | -1.0% | — | — | |
| Q3 2014 | -1.8% | — | — | |
| Q2 2014 | +1.4% | — | — | |
| Q1 2014 | -2.7% | — | — | |
| Q4 2013 | +1.0% | — | — | |
| Q3 2013 | +3.6% | — | — | |
| Q2 2013 | +3.1% | — | — | |
| Q1 2013 | +2.0% | — | — | |
| Q4 2012 | +3.2% | — | — | |
| Q3 2012 | +0.8% | — | — | |
| Q2 2012 | +1.8% | — | — | |
| Q1 2011 | +1.2% | — | — | |
| Q1 2012 | +2.2% | — | — | |
| Q4 2010 | +1.2% | — | — | |
| Q4 2011 | +1.2% | — | — | |
| Q4 2009 | +1.2% | — | — | |
| Q3 2011 | -4.1% | — | — | |
| Q3 2010 | -4.1% | — | — | |
| Q2 2011 | -2.4% | — | — | |
| Q2 2010 | -2.4% | — | — | |
| Q1 2010 | +2.0% | — | — |
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