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OceanFirst Financial: Q4 Earnings Insights

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Benzinga Insights
·1 min read
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Shares of OceanFirst Financial (NASDAQ:OCFC) were flat in after-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share fell 23.53% year over year to $0.39, which beat the estimate of $0.38.

Revenue of $77,851,000 rose by 22.88% from the same period last year, which beat the estimate of $75,410,000.

Outlook

OceanFirst Financial hasn't issued any earnings guidance for the time being.

View more earnings on OCFC

Revenue guidance hasn't been issued by the company for now.

Recent Stock Performance

52-week high: $24.79

52-week low: $11.60

Price action over last quarter: Up 26.12%

Company Overview

OceanFirst Financial Corp is engaged in the banking sector of the United States. It is a holding company for OceanFirst Bank, through which it conducts the business of attracting retail and business deposits and investing them primarily in loans, consisting of single-family, owner-occupied residential mortgage loans, and commercial real estate loans. The company's sole segment deals with the delivery of loan and deposit products to customers. The bank's revenues are derived principally from interest on its loans, and to a lesser extent, interest on its investment and mortgage-backed securities. The rest of its income is dependent on bankcard services and wealth management services.

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