OceanFirst Financial (OCFC) Revenue & Revenue Breakdown
OceanFirst Financial Revenue Highlights
Latest Revenue (Y)
$640.86M
Latest Revenue (Q)
$170.17M
Main Segment (Y)
Deposit Account
OceanFirst Financial Revenue by Period
OceanFirst Financial Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $640.86M | 48.48% |
| 2022-12-31 | $431.60M | 22.58% |
| 2021-12-31 | $352.09M | -4.11% |
| 2020-12-31 | $367.16M | 25.66% |
| 2019-12-31 | $292.18M | 7.77% |
| 2018-12-31 | $271.12M | 40.67% |
| 2017-12-31 | $192.73M | 39.33% |
| 2016-12-31 | $138.33M | 51.46% |
| 2015-12-31 | $91.33M | 3.10% |
| 2014-12-31 | $88.58M | 8.70% |
| 2013-12-31 | $81.50M | -9.73% |
| 2012-12-31 | $90.28M | -2.69% |
| 2011-12-31 | $92.78M | 0.38% |
| 2010-12-31 | $92.43M | 14.03% |
| 2009-12-31 | $81.05M | 14.41% |
| 2008-12-31 | $70.85M | 27.75% |
| 2007-12-31 | $55.45M | -22.69% |
| 2006-12-31 | $71.73M | -15.63% |
| 2005-12-31 | $85.02M | 10.75% |
| 2004-12-31 | $76.76M | 0.48% |
| 2003-12-31 | $76.39M | 6.56% |
| 2002-12-31 | $71.69M | 5.52% |
| 2001-12-31 | $67.94M | 21.67% |
| 2000-12-31 | $55.84M | 3.98% |
| 1999-12-31 | $53.70M | 15.24% |
| 1998-12-31 | $46.60M | 2.42% |
| 1997-12-31 | $45.50M | 15.78% |
| 1996-12-31 | $39.30M | 1604.25% |
| 1995-12-31 | $2.31M | - |
OceanFirst Financial generated $640.86M in revenue during NA 2023, up 48.48% compared to the previous quarter, and up 236.37% compared to the same period a year ago.
OceanFirst Financial Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $170.17M | -2.13% |
| 2024-03-31 | $173.88M | 0.93% |
| 2023-12-31 | $172.27M | 71.23% |
| 2023-09-30 | $100.60M | 0.78% |
| 2023-06-30 | $99.82M | 0.23% |
| 2023-03-31 | $99.59M | -25.00% |
| 2022-12-31 | $132.80M | 20.85% |
| 2022-09-30 | $109.88M | 13.49% |
| 2022-06-30 | $96.82M | 5.13% |
| 2022-03-31 | $92.10M | 3.68% |
| 2021-12-31 | $88.83M | 3.67% |
| 2021-09-30 | $85.68M | 1.37% |
| 2021-06-30 | $84.52M | -9.19% |
| 2021-03-31 | $93.07M | -10.19% |
| 2020-12-31 | $103.63M | 23.99% |
| 2020-09-30 | $83.58M | -5.88% |
| 2020-06-30 | $88.81M | -3.54% |
| 2020-03-31 | $92.07M | 26.07% |
| 2019-12-31 | $73.03M | -0.37% |
| 2019-09-30 | $73.30M | -0.13% |
| 2019-06-30 | $73.39M | 1.29% |
| 2019-03-31 | $72.46M | 4.59% |
| 2018-12-31 | $69.28M | 0.43% |
| 2018-09-30 | $68.99M | -0.32% |
| 2018-06-30 | $69.21M | 8.77% |
| 2018-03-31 | $63.63M | 31.67% |
| 2017-12-31 | $48.33M | -2.45% |
| 2017-09-30 | $49.54M | 2.51% |
| 2017-06-30 | $48.33M | 3.88% |
| 2017-03-31 | $46.52M | 12.52% |
| 2016-12-31 | $41.35M | 5.46% |
| 2016-09-30 | $39.21M | 14.46% |
| 2016-06-30 | $34.26M | 45.68% |
| 2016-03-31 | $23.52M | -3.54% |
| 2015-12-31 | $24.38M | 4.91% |
| 2015-09-30 | $23.24M | 4.90% |
| 2015-06-30 | $22.15M | 2.73% |
| 2015-03-31 | $21.56M | -0.68% |
| 2014-12-31 | $21.71M | -5.13% |
| 2014-09-30 | $22.89M | 1.66% |
| 2014-06-30 | $22.51M | 4.14% |
| 2014-03-31 | $21.62M | 26.36% |
| 2013-12-31 | $17.11M | -21.00% |
| 2013-09-30 | $21.66M | -0.94% |
| 2013-06-30 | $21.86M | 8.30% |
| 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 | $23.49M | 2.33% |
| 2011-09-30 | $22.95M | -2.51% |
| 2011-06-30 | $23.54M | 3.27% |
| 2011-03-31 | $22.80M | -2.61% |
| 2010-12-31 | $23.41M | -1.60% |
| 2010-09-30 | $23.79M | 2.11% |
| 2010-06-30 | $23.30M | 6.19% |
| 2010-03-31 | $21.94M | 6.28% |
| 2009-12-31 | $20.64M | -2.85% |
| 2009-09-30 | $21.25M | 4.62% |
| 2009-06-30 | $20.31M | 7.71% |
| 2009-03-31 | $18.86M | 6.39% |
| 2008-12-31 | $17.72M | -2.82% |
| 2008-09-30 | $18.24M | 8.03% |
| 2008-06-30 | $16.88M | -6.24% |
| 2008-03-31 | $18.00M | 5.29% |
| 2007-12-31 | $17.10M | - |
OceanFirst Financial generated $170.17M in revenue during Q2 2024, up -2.13% compared to the previous quarter, and up 170.86% compared to the same period a year ago.
OceanFirst Financial Revenue Breakdown
OceanFirst Financial Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 22 | Dec 21 | Dec 20 | Dec 19 | Dec 18 |
|---|---|---|---|---|---|
| Deposit Account | $22.80M | $13.83M | $15.81M | $18.50M | $19.46M |
| Investment Advisory, Management and Administrative Service | $2.39M | $2.34M | $2.05M | $2.10M | $2.25M |
OceanFirst Financial's latest annual revenue breakdown by segment (product or service), as of Dec 22: Deposit Account (90.53%), and Investment Advisory, Management and Administrative Service (9.47%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Investment Advisory, Management and Administrative Service | $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 | $569.00K | $498.00K |
| Deposit Account | $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 | $4.59M | $4.52M |
OceanFirst Financial's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Deposit Account (92.29%), and Investment Advisory, Management and Administrative Service (7.71%).
OceanFirst Financial Peer Comparison by Revenue
OCFC Revenue FAQ
What is OceanFirst Financial’s yearly revenue?
OceanFirst Financial's yearly revenue for 2023 was $640.86M, representing an increase of 48.48% compared to 2022. The company's yearly revenue for 2022 was $431.6M, representing an increase of 22.58% compared to 2021. OCFC's yearly revenue for 2021 was $352.09M, representing a decrease of -4.11% compared to 2020.
What is OceanFirst Financial’s quarterly revenue?
OceanFirst Financial's quarterly revenue for Q2 2024 was $170.17M, a -2.13% decrease from the previous quarter (Q1 2024), and a 70.47% increase year-over-year (Q2 2023). The company'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). OCFC's quarterly revenue for Q4 2023 was $172.27M, a 71.23% increase from the previous quarter (Q3 2023), and a 29.72% increase year-over-year (Q4 2022).
What is OceanFirst Financial’s revenue growth rate?
OceanFirst Financial's revenue growth rate for the last 3 years (2021-2023) was 82.02%, and for the last 5 years (2019-2023) was 119.34%.
What are OceanFirst Financial’s revenue streams?
OceanFirst Financial's revenue streams in c 22 are Deposit Account, and Investment Advisory, Management and Administrative Service. Deposit Account generated $22.8M in revenue, accounting 90.53% of the company's total revenue, up 64.84% year-over-year. Investment Advisory, Management and Administrative Service generated $2.39M in revenue, accounting 9.47% of the company's total revenue, up 2.14% year-over-year.
What is OceanFirst Financial’s main source of revenue?
For the fiscal year ending Dec 22, the largest source of revenue of OceanFirst Financial was Deposit Account. This segment made a revenue of $22.8M, representing 90.53% of the company's total revenue.