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OceanFirst Financial OCFC Servicing Asset At Amortized Value Amortization1

Servicing Asset At Amortized Value Amortization1 at other companies

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OceanFirst Financial logo
OceanFirst FinancialOCFC
$195K+93.1%
Western New England Bancorp logo
Western New England BancorpWNEB
$29K-3.3%

Other financials

Income statement

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Revenue$131.3M+32.2%
Net income-$3.0M-116%
EPS (diluted)-$0.04-114%

Balance sheet

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Cash & equivalents$274.1M+60.6%
Total debt$2.4B+94.0%
Total equity$2.4B+46.8%
Total assets$23.3B+74.6%

Cash flow

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Operating cash flow$36.0M+26.1%
CapEx$2.6M+85.1%
Free cash flow$33.5M+23.1%

Valuation

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Market cap$1.84B+94.4%
Enterprise value$3.92B+97.1%
P/E38.3×+27.6×
P/S4.2×+1.7×

Profitability

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Net margin10.8%-11.6pp
FCF margin25.5%

Returns & leverage

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Return on equity2.4%-2.9pp
Debt / equity+0.2×

Where this comes from

Reported directly by OceanFirst Financial in its filing.

Tagged under the XBRL concept us-gaap:ServicingAssetAtAmortizedValueAmortization1.

The source filing: OceanFirst Financial’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 4:09 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001004702-26-000120
Line itemFor the Six Months Ended June 30, 2026For the Six Months Ended June 30, 2025
Allocation of ESOP stock611566
Stock compensation3,8712,546
Net excess tax expense on stock compensation194195
Amortization of servicing asset460163
Net (discount) premium amortization in excess of discount accretion on securities(6,337)82
Net amortization of deferred costs on borrowings310239
Amortization of intangibles3,4341,846
Net accretion of purchase accounting adjustments(1,238)(691)

Item 4. Controls and Procedures

FAQ

What is OceanFirst Financial's servicing asset at amortized value amortization1?
OceanFirst Financial (OCFC) reported servicing asset at amortized value amortization1 of $195K in Q2 2026.
How has OceanFirst Financial's servicing asset at amortized value amortization1 changed year-over-year?
OceanFirst Financial's servicing asset at amortized value amortization1 increased by 93.1% year-over-year, from $101K to $195K.
What is the long-term trend for OceanFirst Financial's servicing asset at amortized value amortization1?
Over 3 years (2021 to 2025), OceanFirst Financial's servicing asset at amortized value amortization1 has grown at a 88.2% compound annual growth rate (CAGR), from $72K to $480K.
What does servicing asset at amortized value amortization1 mean?
Represents the periodic non-cash charge to reduce the carrying value of mortgage servicing rights over their estimated economic life. This is a critical metric for assessing the long-term value realization of the bank's loan servicing portfolio.

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