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OceanFirst Financial OCFC Bank Owned Life Insurance

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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:BankOwnedLifeInsurance.

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 bank owned life insurance?
OceanFirst Financial (OCFC) reported bank owned life insurance of $271.65M in Q1 2026.
How has OceanFirst Financial's bank owned life insurance changed year-over-year?
OceanFirst Financial's bank owned life insurance increased by 0.8% year-over-year, from $269.4M to $271.65M.
What is the long-term trend for OceanFirst Financial's bank owned life insurance?
Over 5 years (2020 to 2025), OceanFirst Financial's bank owned life insurance has grown at a 0.4% compound annual growth rate (CAGR), from $265.25M to $270.3M.
What does bank owned life insurance mean?
This represents the cash surrender value of life insurance policies purchased by the bank on the lives of its key employees or officers. The bank is the beneficiary of these policies, which serve as a tax-advantaged vehicle for funding employee benefit obligations. It is a long-term asset that provides stable, non-interest income and helps offset the cost of benefit programs.