OceanFirst Financial (OCFC) Revenue & Revenue Breakdown


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OceanFirst Financial Revenue Highlights


Latest Revenue (Y)

$642.17M

Latest Revenue (Q)

$175.79M

Main Segment (Y)

Deposit Account

OceanFirst Financial Revenue by Period


OceanFirst Financial Revenue by Year

DateRevenueChange
2024-12-31$642.17M66.51%
2023-12-31$385.68M-10.64%
2022-12-31$431.60M22.58%
2021-12-31$352.09M-4.11%
2020-12-31$367.16M25.66%
2019-12-31$292.18M7.77%
2018-12-31$271.12M40.67%
2017-12-31$192.73M39.33%
2016-12-31$138.33M51.46%
2015-12-31$91.33M3.10%
2014-12-31$88.58M8.70%
2013-12-31$81.50M-9.73%
2012-12-31$90.28M-2.69%
2011-12-31$92.78M0.38%
2010-12-31$92.43M14.03%
2009-12-31$81.05M14.41%
2008-12-31$70.85M27.75%
2007-12-31$55.45M-22.69%
2006-12-31$71.73M-15.63%
2005-12-31$85.02M10.75%
2004-12-31$76.76M0.48%
2003-12-31$76.39M6.56%
2002-12-31$71.69M5.52%
2001-12-31$67.94M21.67%
2000-12-31$55.84M3.98%
1999-12-31$53.70M15.24%
1998-12-31$46.60M2.42%
1997-12-31$45.50M15.78%
1996-12-31$39.30M1604.25%
1995-12-31$2.31M-

OceanFirst Financial generated $642.17M in revenue during NA 2024, up 66.51% compared to the previous quarter, and up 219.79% compared to the same period a year ago.

OceanFirst Financial Revenue by Quarter

DateRevenueChange
2024-09-30$175.79M3.16%
2024-06-30$170.41M-1.99%
2024-03-31$173.88M0.93%
2023-12-31$172.27M71.23%
2023-09-30$100.60M0.78%
2023-06-30$99.82M0.23%
2023-03-31$99.59M-25.00%
2022-12-31$132.80M20.85%
2022-09-30$109.88M13.49%
2022-06-30$96.82M5.13%
2022-03-31$92.10M3.68%
2021-12-31$88.83M3.67%
2021-09-30$85.68M1.37%
2021-06-30$84.52M-9.19%
2021-03-31$93.07M-10.19%
2020-12-31$103.63M23.99%
2020-09-30$83.58M-5.88%
2020-06-30$88.81M-3.54%
2020-03-31$92.07M26.07%
2019-12-31$73.03M-0.37%
2019-09-30$73.30M-0.13%
2019-06-30$73.39M1.29%
2019-03-31$72.46M4.59%
2018-12-31$69.28M0.43%
2018-09-30$68.99M-0.32%
2018-06-30$69.21M8.77%
2018-03-31$63.63M31.67%
2017-12-31$48.33M-2.45%
2017-09-30$49.54M2.51%
2017-06-30$48.33M3.88%
2017-03-31$46.52M12.52%
2016-12-31$41.35M5.46%
2016-09-30$39.21M14.46%
2016-06-30$34.26M45.68%
2016-03-31$23.52M-3.54%
2015-12-31$24.38M4.91%
2015-09-30$23.24M4.90%
2015-06-30$22.15M2.73%
2015-03-31$21.56M-0.68%
2014-12-31$21.71M-5.13%
2014-09-30$22.89M1.66%
2014-06-30$22.51M4.14%
2014-03-31$21.62M26.36%
2013-12-31$17.11M-21.00%
2013-09-30$21.66M-0.94%
2013-06-30$21.86M8.30%
2013-03-31$20.19M-4.12%
2012-12-31$21.05M-7.97%
2012-09-30$22.88M-0.25%
2012-06-30$22.93M-2.05%
2012-03-31$23.42M-0.30%
2011-12-31$23.49M2.33%
2011-09-30$22.95M-2.51%
2011-06-30$23.54M3.27%
2011-03-31$22.80M-2.61%
2010-12-31$23.41M-1.60%
2010-09-30$23.79M2.11%
2010-06-30$23.30M6.19%
2010-03-31$21.94M6.28%
2009-12-31$20.64M-2.85%
2009-09-30$21.25M4.62%
2009-06-30$20.31M7.71%
2009-03-31$18.86M6.39%
2008-12-31$17.72M-2.82%
2008-09-30$18.24M8.03%
2008-06-30$16.88M-6.24%
2008-03-31$18.00M5.29%
2007-12-31$17.10M-

OceanFirst Financial generated $175.79M in revenue during Q3 2024, up 3.16% compared to the previous quarter, and up 176.11% compared to the same period a year ago.

OceanFirst Financial Revenue Breakdown


OceanFirst Financial Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 22Dec 21Dec 20Dec 19
Deposit Account$21.79M$22.80M$13.83M$15.81M$18.50M
Investment Advisory, Management and Administrative Service$1.75M$2.39M$2.34M$2.05M$2.10M

OceanFirst Financial's latest annual revenue breakdown by segment (product or service), as of Dec 24: Deposit Account (92.59%), and Investment Advisory, Management and Administrative Service (7.41%).

Quarterly Revenue by Product

Product/ServiceDec 24Sep 24Jun 24Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Investment Advisory, Management and Administrative Service$942.00K$384.00K$419.00K$662.00K$645.00K$612.00K$551.00K$568.00K$658.00K$609.00K$562.00K$584.00K$591.00K$599.00K$492.00K$490.00K$555.00K$515.00K$478.00K$557.00K
Deposit Account$10.68M$6.10M$5.01M$5.18M$5.60M$5.16M$5.78M$6.32M$7.65M$3.06M$3.31M$2.97M$3.81M$3.74M$3.95M$3.73M$3.25M$4.87M$4.71M$4.68M

OceanFirst Financial's latest quarterly revenue breakdown by segment (product or service), as of Dec 24: Deposit Account (91.89%), and Investment Advisory, Management and Administrative Service (8.11%).

OceanFirst Financial Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
DCOMDime Community Bancshares$650.15M$171.74M
OCFCOceanFirst Financial$642.17M$175.79M
FFICFlushing Financial$465.36M$127.94M
HFWAHeritage Financial$309.71M$81.65M
PGCPeapack-Gladstone Financial$228.13M$56.62K

OCFC Revenue FAQ


What is OceanFirst Financial’s yearly revenue?

OceanFirst Financial's yearly revenue for 2024 was $642.17M, representing an increase of 66.51% compared to 2023. The company's yearly revenue for 2023 was $385.68M, representing a decrease of -10.64% compared to 2022. OCFC's yearly revenue for 2022 was $431.6M, representing an increase of 22.58% compared to 2021.

What is OceanFirst Financial’s quarterly revenue?

OceanFirst Financial's quarterly revenue for Q3 2024 was $175.8M, a 3.16% increase from the previous quarter (Q2 2024), and a 74.74% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $170.41M, a -1.99% decrease from the previous quarter (Q1 2024), and a 70.72% increase year-over-year (Q2 2023). OCFC's quarterly revenue for Q1 2024 was $173.88M, a 0.93% increase from the previous quarter (Q4 2023), and a 74.58% increase year-over-year (Q1 2023).

What is OceanFirst Financial’s revenue growth rate?

OceanFirst Financial's revenue growth rate for the last 3 years (2022-2024) was 48.79%, and for the last 5 years (2020-2024) was 74.90%.

What are OceanFirst Financial’s revenue streams?

OceanFirst Financial's revenue streams in c 24 are Deposit Account, and Investment Advisory, Management and Administrative Service. Deposit Account generated $21.79M in revenue, accounting 92.59% of the company's total revenue, down -4.43% year-over-year. Investment Advisory, Management and Administrative Service generated $1.74M in revenue, accounting 7.41% of the company's total revenue, down -26.87% year-over-year.

What is OceanFirst Financial’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of OceanFirst Financial was Deposit Account. This segment made a revenue of $21.79M, representing 92.59% of the company's total revenue.