Recap: OceanFirst Financial Q4 Earnings

OceanFirst Financial OCFC reported its Q4 earnings results on Thursday, January 18, 2024 at 04:15 PM.

Here's what investors need to know about the announcement.

OceanFirst Financial beat estimated earnings by 4.65%, reporting an EPS of $0.45 versus an estimate of $0.43.

Revenue was down $18.66 million from the same period last year.

Last quarter the company missed on EPS by $0.03 which was followed by a 3.47% drop in the share price the next day.

Here's a look at OceanFirst Financial's past performance:

Quarter	Q3 2023	Q2 2023	Q1 2023	Q4 2022
EPS Estimate	0.35	0.47	0.64	0.62
EPS Actual	0.32	0.46	0.55	0.67
Revenue Estimate	91.30M	91.85M	107.61M	98.96M
Revenue Actual	91.00M	92.11M	98.80M	106.49M

To track all earnings releases for OceanFirst Financial visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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