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OceanFirst Financial OCFC Provision for Credit Losses

Provision for Credit Losses at other companies

JPMorgan Chase logo
JPMorgan ChaseJPM
$2.51B-24.1%
Bank First Corporation logo
Bank First CorporationBFC
$0+100%
Heritage Financial logo
Heritage FinancialHFWA
-$1.03M-2,120%
Business First Bancshares logo
Business First BancsharesBFST
$2.28M-19.0%
First Financial Corporation logo
First Financial CorporationTHFF
$2.55M+30.8%
QCR Holdings logo
QCR HoldingsQCRH
$2.45M-42.0%

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:ProvisionForLoanLeaseAndOtherLosses.

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 provision for credit losses?
OceanFirst Financial (OCFC) reported provision for credit losses of $2.74M in Q1 2026.
How has OceanFirst Financial's provision for credit losses changed year-over-year?
OceanFirst Financial's provision for credit losses decreased by 48.7% year-over-year, from $5.34M to $2.74M.
What is the long-term trend for OceanFirst Financial's provision for credit losses?
Over 4 years (2021 to 2025), OceanFirst Financial's provision for credit losses has grown at a 8.1% compound annual growth rate (CAGR), from -$11.83M to $16.17M.
What does provision for credit losses mean?
Non-cash provision for expected loan losses, added back in operating cash flow since it's a reserve build, not a cash payment.