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
Pre-Tax 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
Pre-Tax Income Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Pre-Tax Income CAGR 3Y CAGR 5Y CAGR 10Y
OceanFirst Financial Corp
NASDAQ:OCFC
Pre-Tax Income
$139.8m
CAGR 3-Years
-4%
CAGR 5-Years
5%
CAGR 10-Years
18%
PNC Financial Services Group Inc
NYSE:PNC
Pre-Tax Income
$6.4B
CAGR 3-Years
-3%
CAGR 5-Years
6%
CAGR 10-Years
1%
M&T Bank Corp
NYSE:MTB
Pre-Tax Income
$3.1B
CAGR 3-Years
7%
CAGR 5-Years
3%
CAGR 10-Years
7%
Truist Financial Corp
NYSE:TFC
Pre-Tax Income
-$7.3B
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
Fifth Third Bancorp
NASDAQ:FITB
Pre-Tax Income
$2.8B
CAGR 3-Years
-7%
CAGR 5-Years
0%
CAGR 10-Years
3%
First Citizens BancShares Inc (Delaware)
NASDAQ:FCNCA
Pre-Tax Income
$3.6B
CAGR 3-Years
70%
CAGR 5-Years
44%
CAGR 10-Years
36%
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 Pre-Tax Income?
Pre-Tax Income
139.8m USD

Based on the financial report for Sep 30, 2024, OceanFirst Financial Corp's Pre-Tax Income amounts to 139.8m USD.

What is OceanFirst Financial Corp's Pre-Tax Income growth rate?
Pre-Tax Income CAGR 10Y
18%

Over the last year, the Pre-Tax Income growth was -18%. The average annual Pre-Tax Income growth rates for OceanFirst Financial Corp have been -4% over the past three years , 5% over the past five years , and 18% over the past ten years .

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