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OceanFirst Financial OCFC Proceeds From Life Insurance Policies

Proceeds From Life Insurance Policies at other companies

Valley National Bank logo
Valley National BankVLY
$3.21M-0.4%
Bank First Corporation logo
Bank First CorporationBFC
$137K—
Heritage Financial logo
Heritage FinancialHFWA
$759K—
Business First Bancshares logo
Business First BancsharesBFST
$0-100%
NB Bancorp, Inc. logo
NB Bancorp, Inc.NBBK
$128K—
First Financial Bancorp logo
First Financial BancorpFFBC
$0-100%

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:ProceedsFromLifeInsurancePolicies.

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 proceeds from life insurance policies?
OceanFirst Financial (OCFC) reported proceeds from life insurance policies of $407K in Q1 2026.
How has OceanFirst Financial's proceeds from life insurance policies changed year-over-year?
OceanFirst Financial's proceeds from life insurance policies decreased by 84.7% year-over-year, from $2.66M to $407K.
What is the long-term trend for OceanFirst Financial's proceeds from life insurance policies?
Over 2 years (2021 to 2025), OceanFirst Financial's proceeds from life insurance policies has grown at a -25.5% compound annual growth rate (CAGR), from $12.88M to $7.15M.
What does proceeds from life insurance policies mean?
Represents cash inflows received from the surrender or death benefit claims of bank-owned life insurance (BOLI) policies. These proceeds reflect the liquidation of non-interest-earning assets held to offset employee benefit costs.