OceanFirst Financial (OCFC) reported $97.91 million in revenue for the quarter ended March 2025, representing a year-over-year decline of 0.6%. EPS of $0.35 for the same period compares to $0.44 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $95.13 million, representing a surprise of +2.92%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.35.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how OceanFirst performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 65.7% versus 69% estimated by three analysts on average.
- Net Interest Margin: 2.9% compared to the 2.7% average estimate based on three analysts.
- Average Balance - Total interest-earning assets: $12.11 billion versus the two-analyst average estimate of $12.31 billion.
- Total Non-Interest Income: $11.25 million compared to the $11.82 million average estimate based on three analysts.
- Net Interest Income: $86.65 million compared to the $83.31 million average estimate based on three analysts.
- Bankcard services revenue: $1.46 million compared to the $1.81 million average estimate based on two analysts.
- Fees and service charges: $4.71 million compared to the $6.14 million average estimate based on two analysts.
- Income from bank owned life insurance: $1.85 million versus $2.29 million estimated by two analysts on average.
View all Key Company Metrics for OceanFirst here>>>
Shares of OceanFirst have returned -4.4% over the past month versus the Zacks S&P 500 composite's -5.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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OceanFirst Financial Corp. (OCFC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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