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OceanFirst Financial OCFC Foreclosed Assets

Foreclosed Assets at other companies

Valley National Bank logo
Valley National BankVLY
$5.2M-32.5%
Bank First Corporation logo
Bank First CorporationBFC
$3.19M+330%
First Financial Corporation logo
First Financial CorporationTHFF
$184K-67.1%
Columbia Financial, Inc. logo
Columbia Financial, Inc.CLBK
$5.92M+344%
OFG Bancorp logo
OFG BancorpOFG
$2.04M-52.3%
Heritage Financial logo
Heritage FinancialHFWA

Other financials

Income statement

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Revenue$103.2M+5.4%
Net income$20.5M-4.7%
EPS (diluted)$0.36+2.9%

Balance sheet

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Cash & equivalents$137.0M-16.3%
Total debt$1.5B+29.7%
Total equity$1.7B-2.3%
Total assets$14.6B+9.4%

Cash flow

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Operating cash flow$25.2M+1,512%
CapEx$2.0M+5.2%
Free cash flow$23.3M+739%

Valuation

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Market cap$1.08B+11.8%
Enterprise value$2.46B+24.8%
P/E15.4×+5.0×
P/S2.6×+0.1×

Profitability

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Net margin17.1%-7.2pp
FCF margin25.9%

Returns & leverage

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Return on equity4.1%-1.4pp
Debt / equity0.9×+0.2×

Where this comes from

Reported directly by OceanFirst Financial in its filing.

Tagged under the XBRL concept us-gaap:OtherRealEstate.

The official record: OceanFirst Financial’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is OceanFirst Financial's foreclosed assets?
OceanFirst Financial (OCFC) reported foreclosed assets of $10.39M in Q1 2026.
How has OceanFirst Financial's foreclosed assets changed year-over-year?
OceanFirst Financial's foreclosed assets increased by 442.1% year-over-year, from $1.92M to $10.39M.
What is the long-term trend for OceanFirst Financial's foreclosed assets?
Over 5 years (2020 to 2025), OceanFirst Financial's foreclosed assets has grown at a 149.6% compound annual growth rate (CAGR), from $106K to $10.27M.
What does foreclosed assets mean?
These are real estate or other properties acquired by the bank through the foreclosure process after borrowers default on their loans. This metric serves as a primary indicator of credit quality and the effectiveness of the bank's underwriting standards. A high or increasing balance suggests elevated credit risk and potential future losses on non-performing assets.