OceanFirst (OCFC) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

Core Insights - OceanFirst Financial (OCFC) reported a revenue of $95.56 million for the quarter ended December 2024, reflecting a year-over-year decline of 4.1% and an EPS of $0.38 compared to $0.45 a year ago [1] - The reported revenue was slightly below the Zacks Consensus Estimate of $95.7 million, resulting in a surprise of -0.15%, while the EPS exceeded the consensus estimate of $0.36 by 5.56% [1] Financial Performance Metrics - Efficiency Ratio stood at 67.9%, higher than the three-analyst average estimate of 67.1% [4] - Net Interest Margin was reported at 2.7%, matching the average estimate based on three analysts [4] - Average Balance of Total Interest-Earning Assets was $12.33 billion, slightly above the estimated $12.32 billion [4] - Net Interest Income reached $83.33 million, surpassing the three-analyst average estimate of $82.91 million [4] - Total Non-Interest Income was $12.23 million, below the average estimate of $12.45 million [4] - Income from Bank Owned Life Insurance was $2.54 million, exceeding the two-analyst average estimate of $1.91 million [4] - Bankcard Services Revenue was $1.60 million, lower than the two-analyst average estimate of $1.82 million [4] - Fees and Service Charges amounted to $6.21 million, slightly above the two-analyst average estimate of $6.05 million [4] Stock Performance - OceanFirst shares have returned +5.7% over the past month, outperforming the Zacks S&P 500 composite's +2.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]