OceanFirst Financial Corp
NASDAQ:OCFC

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OceanFirst Financial Corp
NASDAQ:OCFC
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Price: 17.53 USD -2.61% Market Closed
Market Cap: 1B USD
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OceanFirst Financial Corp
Interest Income

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
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OceanFirst Financial Corp
Interest Income Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Interest Income CAGR 3Y CAGR 5Y CAGR 10Y
OceanFirst Financial Corp
NASDAQ:OCFC
Interest Income
$643m
CAGR 3-Years
23%
CAGR 5-Years
16%
CAGR 10-Years
23%
PNC Financial Services Group Inc
NYSE:PNC
Interest Income
$26.4B
CAGR 3-Years
35%
CAGR 5-Years
14%
CAGR 10-Years
11%
M&T Bank Corp
NYSE:MTB
Interest Income
$11.1B
CAGR 3-Years
40%
CAGR 5-Years
18%
CAGR 10-Years
14%
Truist Financial Corp
NYSE:TFC
Interest Income
$25.2B
CAGR 3-Years
22%
CAGR 5-Years
24%
CAGR 10-Years
15%
Fifth Third Bancorp
NASDAQ:FITB
Interest Income
$10.5B
CAGR 3-Years
26%
CAGR 5-Years
12%
CAGR 10-Years
10%
First Citizens BancShares Inc (Delaware)
NASDAQ:FCNCA
Interest Income
$12.5B
CAGR 3-Years
105%
CAGR 5-Years
55%
CAGR 10-Years
33%
No Stocks Found

OceanFirst Financial Corp
Glance View

Market Cap
1B USD
Industry
Banking

OceanFirst Financial Corp. traces its origins back to 1902, representing a longstanding presence in the banking sector. Originally a local enterprise serving the humble communities of New Jersey, the company has grown steadily over the years, evolving into a robust regional bank with a strong foothold in the eastern United States. OceanFirst's business model revolves around providing traditional banking services such as savings and checking accounts, mortgage lending, and various loan products to individuals and businesses. The bank's growth strategy involves a balance of organic expansion and strategic acquisitions, through which it has managed to extend its branch network across several states, enhancing its customer base and financial footprint. At its core, OceanFirst makes money by leveraging a fairly traditional banking approach — accepting deposits from customers and using those deposits to fund loans. The interest received from these loans often exceeds the interest paid on deposits, which is a classic interest rate spread model, forming a primary revenue stream. Additionally, the institution diversifies its income through service fees and commissions associated with wealth management services, online banking, and other financial products. With a focus on community involvement and understanding local market dynamics, OceanFirst has built a reputation for fostering enduring relationships with its clients, which in turn supports its operational stability and financial health. By maintaining a strong balance sheet and focusing on prudent risk management, the company has carved out a sustainable and profitable niche in the competitive banking sector.

OCFC Intrinsic Value
24.78 USD
Undervaluation 29%
Intrinsic Value
Price

See Also

What is OceanFirst Financial Corp's Interest Income?
Interest Income
643m USD

Based on the financial report for Sep 30, 2024, OceanFirst Financial Corp's Interest Income amounts to 643m USD.

What is OceanFirst Financial Corp's Interest Income growth rate?
Interest Income CAGR 10Y
23%

Over the last year, the Interest Income growth was 11%. The average annual Interest Income growth rates for OceanFirst Financial Corp have been 23% over the past three years , 16% over the past five years , and 23% over the past ten years .

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