OceanFirst Financial (OCFC) Revenue & Revenue Breakdown

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OceanFirst Financial Revenue Highlights

Latest Revenue (Y)

$640.86M

Latest Revenue (Q)

$175.79M

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
2024-09-30	$175.79M	3.16%
2024-06-30	$170.41M	-1.99%
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 $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/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	Sep 24	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
Investment Advisory, Management and Administrative Service	$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	$569.00K
Deposit Account	$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	$4.59M

OceanFirst Financial's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Deposit Account (94.07%), and Investment Advisory, Management and Administrative Service (5.93%).

OceanFirst Financial Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
OCFC	OceanFirst Financial	$640.86M	$175.79M
FFIC	Flushing Financial	$420.89M	$127.94M
PGC	Peapack-Gladstone Financial	$377.41M	$56.62K
DCOM	Dime Community Bancshares	$352.78M	$171.74M
HFWA	Heritage Financial	$303.13M	$81.65M

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 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 (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.