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OceanFirst Financial OCFC Data processing and equipment

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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+11.0%
Enterprise value$2.46B+24.3%
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:InformationTechnologyAndDataProcessing.

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 data processing and equipment?
OceanFirst Financial (OCFC) reported data processing and equipment of $7.05M in Q1 2026.
How has OceanFirst Financial's data processing and equipment changed year-over-year?
OceanFirst Financial's data processing and equipment increased by 6.1% year-over-year, from $6.65M to $7.05M.
What is the long-term trend for OceanFirst Financial's data processing and equipment?
Over 4 years (2021 to 2025), OceanFirst Financial's data processing and equipment has grown at a 6.5% compound annual growth rate (CAGR), from $21.57M to $27.72M.
What does data processing and equipment mean?
This encompasses the costs associated with maintaining the bank's core banking systems, digital platforms, and data infrastructure. It reflects the bank's ongoing investment in technological capabilities and cybersecurity to support customer transactions and operational efficiency. Rising costs in this area often signal digital transformation efforts or increased reliance on third-party software providers.