NASDAQ$OCFC
OceanFirst Financial Corp · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Net income decreased compared to the previous year, but expenses were well-managed.
OceanFirst Financial Corp. reported a decrease in net income available to common stockholders for the quarter ended December 31, 2023, compared to the corresponding prior year period, but showed stability in deposits and an increase in the common equity tier 1 capital ratio.
- Net income available to common stockholders was $26.7 million, or $0.46 per diluted share.
- Total deposits remained stable, decreasing less than 1% for the quarter to $10.4 billion.
- The company's estimated common equity tier 1 capital ratio increased to 10.88%.
- Non-interest expense decreased by 7% to $60.2 million from the prior linked quarter.
Headline financials
Revenue & EPS history
OceanFirst · Revenue · Quarterly
$87.8M
Revenue by segment
OceanFirst · $81.4M total across 1 segment · Q4 2021
- Loans$81.4M—100.0%
Forward guidance
OceanFirst Financial Corp. is focusing on high quality growth, expense discipline, and prudent balance sheet management to create shareholder value in 2024.
Tailwinds
- Well positioned to create shareholder value
- Focus on high quality growth
- Expense discipline
- Prudent balance sheet management
- Strategies to improve operating expenses
Headwinds
- Changes in interest rates
- Inflation
- General economic conditions
- Potential recessionary conditions
- Levels of unemployment in the Bank’s lending area
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 Q4 2023
+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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