OceanFirst Financial: Q1 Earnings Insights

OceanFirst Financial OCFC reported its Q1 earnings results on Thursday, April 20, 2023 at 04:30 PM.

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

OceanFirst Financial missed estimated earnings by 14.06%, reporting an EPS of $0.55 versus an estimate of $0.64.

Revenue was up $14.57 million from the same period last year.

Last quarter the company beat on EPS by $0.05 which was followed by a 7.84% increase in the share price the next day.

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

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.62	0.62	0.55	0.46
EPS Actual	0.67	0.60	0.59	0.49
Revenue Estimate	98.96M	101.27M	91.47M	83.35M
Revenue Actual	106.49M	95.97M	90.80M	84.23M

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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