Oceanfirst Financial Corp (OCFC)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 12-2024 | 12-2023 | 12-2022 | 12-2021 | 12-2020 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 100,390 | 104,065 | 147,357 | 110,076 | 63,309 |
| Depreciation Amortization | 12,985 | 19,038 | 25,319 | 25,414 | 23,154 |
| Income taxes - deferred | -337 | 3,151 | 1,777 | 3,608 | -4,615 |
| Other Working Capital | -25,719 | -26,657 | 79,233 | 42,347 | 33,501 |
| Loans | -13,687 | -4,048 | -542 | 48,710 | -42,165 |
| Other Operating Activity | 18,611 | 28,712 | -2,694 | -70,183 | 59,472 |
| Operating Cash Flow | $92,243 | $124,261 | $250,450 | $159,972 | $132,656 |
| Cash Flows From Investing Activities | |||||
| PPE Investments | -4,187 | -7,708 | -20,896 | -42,039 | -14,728 |
| Net Acquisitions | -68,932 | N/A | 38,609 | N/A | 23,460 |
| Purchase Of Investment | -343,367 | -467,208 | -514,871 | -943,526 | -414,133 |
| Sale Of Investment | 396,120 | 263,474 | 449,776 | 357,753 | 359,168 |
| Net Loans | 114,630 | -279,449 | -1,285,232 | -857,578 | 21,018 |
| Other Investing Activity | 12,136 | 2,894 | 11,606 | 7,548 | 3,046 |
| Investing Cash Flow | $106,400 | $-487,997 | $-1,321,008 | $-1,477,842 | $-22,169 |
| Cash Flows From Financing Activities | |||||
| Change In Short Term Borrowing | -12,667 | 3,950 | -49,672 | -9,685 | -226,018 |
| Debt Issued | N/A | N/A | N/A | N/A | 700,958 |
| Debt Repayment | 223,975 | -362,530 | 1,176,062 | -7,612 | -902,087 |
| Common Stock Issued | 571 | 702 | 424 | 1,946 | 1,241 |
| Common Stock Repurchased | -21,476 | 0 | -7,396 | -39,259 | -14,814 |
| Dividend Paid | -50,880 | -51,274 | -47,511 | -44,510 | -42,917 |
| Other Financing Activity | -1,767 | -1,403 | -1,184 | -84,456 | 50,642 |
| Financing Cash Flow | $-228,746 | $349,468 | $1,013,760 | $223,993 | $1,074,948 |
| Beginning Cash Position | 153,718 | 167,986 | 224,784 | 1,318,661 | 133,226 |
| End Cash Position | 123,615 | 153,718 | 167,986 | 224,784 | 1,318,661 |
| Net Cash Flow | $-30,103 | $-14,268 | $-56,798 | $-1,093,877 | $1,185,435 |
| Free Cash Flow | |||||
| Operating Cash Flow | 92,243 | 124,261 | 250,450 | 159,972 | 132,656 |
| Capital Expenditure | -7,567 | -7,708 | -20,896 | -42,039 | -14,728 |
| Free Cash Flow | 84,676 | 116,553 | 229,554 | 117,933 | 117,928 |