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Here's What Key Metrics Tell Us About OceanFirst (OCFC) Q1 Earnings
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OceanFirst Financial (OCFC - Free Report) reported $103.2 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 5.4%. EPS of $0.43 for the same period compares to $0.35 a year ago.
The reported revenue represents a surprise of -0.28% over the Zacks Consensus Estimate of $103.48 million. With the consensus EPS estimate being $0.39, the EPS surprise was +10.26%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how OceanFirst performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Interest Margin: 2.9% versus the two-analyst average estimate of 2.9%.
Efficiency Ratio: 66.8% compared to the 68.6% average estimate based on two analysts.
Total Non-Interest Income: $6.75 million versus the two-analyst average estimate of $7.5 million.
Net Interest Income: $96.45 million versus $95.9 million estimated by two analysts on average.
Shares of OceanFirst have returned +6.5% over the past month versus the Zacks S&P 500 composite's +9.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Here's What Key Metrics Tell Us About OceanFirst (OCFC) Q1 Earnings
OceanFirst Financial (OCFC - Free Report) reported $103.2 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 5.4%. EPS of $0.43 for the same period compares to $0.35 a year ago.
The reported revenue represents a surprise of -0.28% over the Zacks Consensus Estimate of $103.48 million. With the consensus EPS estimate being $0.39, the EPS surprise was +10.26%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how OceanFirst performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for OceanFirst here>>>
Shares of OceanFirst have returned +6.5% over the past month versus the Zacks S&P 500 composite's +9.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.