OCFC Earnings Prediction
The chart below shows how OCFC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, OCFC sees a -4.15% change in stock price 10 days leading up to the earnings, and a -0.47% change 10 days following the report. On the earnings day itself, the stock moves by +0.11%. This data can give you a slight idea of what to expect for the next quarter's release.
OCFC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
86.25M
-5.57%
-0.05%
Gross Margin
--
--
--
Operating Margin
31.74%
-20.23%
-20.19%
Net Margin
25.69%
-15.44%
-11.96%
EPS
0.36
-20.00%
-14.29%
No Data Available
OCFC Earnings Analysis
OceanFirst Financial Corp Corporation (OCFC.O) Earnings Conference Call
Positive
Earnings Per Share Stabilization: GAAP diluted earnings per share of $0.42, reflecting stabilization of net interest income at $82 million compared to the prior linked quarter.
Capital Ratio Improvement: Estimated common equity Tier 1 capital ratio increased to 11.3%, with tangible book value per share growing 8% year-over-year to $19.28.
Loan Originations Increase: Loan originations totaled $431 million, with a $92 million increase in the pipeline, driven by the acquisition of Garden State Home Loans.
Deposit Balance Increase: Deposit balances increased by approximately 1% compared to the prior quarter, despite a planned runoff of $200 million in brokered CDs.
Quarterly Cash Dividend Approval: The Board approved a quarterly cash dividend of $0.20 per common share, marking the 111th consecutive quarterly cash dividend and representing 50% of GAAP earnings.
Negative
Rising Operating Expenses: Operating expenses increased by $5,000,000 to $64,000,000, indicating rising costs that could pressure profitability.
Stagnant Net Interest Income: Net interest income remained flat at $82,000,000, suggesting a stagnation in revenue generation from core lending activities.
Loan Originations Growth Challenges: Loan originations totaled $431,000,000, which reflects a modest growth rate and indicates potential challenges in expanding the loan portfolio.
Strategic Funding Reduction: The company experienced a planned runoff of $200,000,000 in brokered CDs, highlighting a strategic reduction in higher-cost funding sources that may impact liquidity.
Credit Loss Provision Analysis: The provision for credit losses totaled $517,000, with half allocated to pipeline commitments, indicating a cautious approach to potential credit risks.
OCFC FAQs
How does OCFC typically perform around its earnings report dates?
Is Earnings call transcript: OceanFirst Q4 2024 meets EPS forecast, stock stable positive or negative?
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OCFC Earning Call Sentiment
Earnings call transcript: OceanFirst Q4 2024 meets EPS forecast, stock stable
OCFC.O
2.41%Positive
The earnings call presents a mixed picture: acquisitions and steady loan growth are positives, but flat net interest income and increased operating expenses raise concerns. The Q&A reveals uncertainty in management's responses, particularly around non-interest income and loan yields. The dividend and share repurchase are neutral factors, and the overall market reaction is likely to be muted, resulting in a neutral stock price movement prediction.
