OCEANFIRST FINANCIAL CORP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Operating Expenses $102.9m $126.5m $186.3m $189.1m $246.4m $226.9m $234.9m $248.9m $245.9m $296.2m
Noninterest income:
Additional Financial Items
Bank Owned Life Insurance Income $2.2m $3.3m $5.1m $5.4m $6.4m $6.8m $6.6m $5.3m $7.9m $7.8m
Amortization of Intangible Assets $623k $2.0m $3.8m $3.3m $3.6m
Debt and Equity Securities, Gain (Loss) $0 $0 ($199k) $267k $21.2m $7.1m $9.7m ($3.7m) $4.2m $916k
Depreciation, Depletion and Amortization, Nonproduction $4.8m $6.3m $8.7m $11.5m $10.9m $10.3m
Equity Securities, FV-NI, Realized Gain (Loss) $0 $0 ($199k) $267k $5.4m $8.1m $1.4m ($5.5m) ($49k) $352k
Interest Income, Debt Securities, Operating $22.0m $34.4m $59.3m $77.7m $72.1m
Preferred Stock Dividends and Other Adjustments $2.1m $4.0m $4.0m $4.0m $4.0m $2.0m
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $35.2m $65.3m $85.5m $107.4m $81.0m $142.2m $193.9m $136.8m $130.7m $92.5m
Net Income (Loss) Attributable to Parent $23.0m $42.5m $71.9m $88.6m $63.3m $110.1m $146.6m $104.0m $100.1m $71.0m
Net Income (Loss) Available to Common Stockholders, Basic $23.0m $42.5m $71.9m $88.6m $61.2m $106.1m $142.6m $100.0m $96.0m $67.1m
Net Income (Loss) Attributable to Noncontrolling Interest $0 $0 $754k $36k $325k $49k
Earnings Per Share, Basic $1.00 $1.32 $1.54 $1.77 $1.02 $1.79 $2.43 $1.70 $1.65 $1.17
Earnings Per Share, Diluted $0.98 $1.28 $1.51 $1.75 $1.02 $1.78 $2.42 $1.70 $1.65 $1.17
Common Stock, Dividends, Per Share, Declared $1.00 $1.32 $1.54 $1.77 $0.68 $0.68 $0.74 $0.80 $0.80 $0.80
Weighted Average Number of Shares Outstanding, Basic 23.1m 32.1m 46.8m 50.2m 59.9m 59.4m 58.7m 58.9m 58.3m 57.4m
Weighted Average Number of Shares Outstanding, Diluted 23.5m 33.1m 47.7m 50.7m 60.1m 59.6m 58.9m 59.0m 58.3m 57.4m
Noninterest expense:
Labor and Related Expense $47.1m $60.1m $83.1m $89.9m $114.2m $120.0m $131.9m $135.8m $138.3m $159.4m
Equipment Expense $5.1m $6.8m $8.3m $7.7m $7.8m $5.4m $5.0m $4.7m $4.2m $3.6m
Business Combination, Acquisition Related Costs $16.5m $8.3m $26.9m $10.5m $15.9m $1.5m $2.7m $22k $1.8m $4.3m
Current Income Tax Expense (Benefit) $6.4m ($12.6m) $18.1m $2.7m $22.3m $28.6m $44.8m $29.5m $30.6m $18.5m
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal $7.6m $18.7m $5.5m $15.6m
Interest Expense $13.2m $19.6m $36.2m $52.8m $66.7m $36.8m $53.7m $238.2m $308.1m $282.2m
Interest Expense, Securities Sold under Agreements to Repurchase $102k $121k $168k $276k $562k $253k $159k $931k $1.9m $1.7m
Operating Lease, Expense $3.9m $6.4m $5.9m $5.0m
Other Cost and Expense, Operating $7.7m $10.8m $13.5m $15.0m $16.6m $15.5m $17.6m $20.0m $23.1m $26.4m
Income Tax Expense (Benefit) $12.2m $22.9m $13.6m $18.8m $17.7m $32.2m $46.6m $32.7m $30.3m $21.5m
Total interest expense $13.2m $19.6m $36.2m $52.8m $66.7m $36.8m $53.7m $238.2m $308.1m $282.2m
Interest Income (Expense), Net $120.3m $169.2m $240.5m $256.0m $313.0m $305.3m $377.5m $369.7m $334.0m $360.2m