In This Article:
OceanFirst Financial (NASDAQ:OCFC) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$96.4m (up 5.4% from 3Q 2023).
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Net income: US$24.1m (up 23% from 3Q 2023).
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Profit margin: 25% (up from 22% in 3Q 2023).
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EPS: US$0.41 (up from US$0.33 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
OceanFirst Financial Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 5.8%. Earnings per share (EPS) also surpassed analyst estimates by 8.2%.
Looking ahead, revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are up 2.9% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of OceanFirst Financial's balance sheet and an in-depth analysis of the company's financial position.
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