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OCFC • CIK 0001004702
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Interest Income (Expense), Net | $369,731 | $334,035 | $360,223 | $403,112 |
| Provision for Loan, Lease, and Other Losses | $17,678 | $7,689 | $16,171 | $14,532 |
| Interest Income (Expense), after Provision for Loan Loss | $352,053 | $326,346 | $344,052 | $388,580 |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $136,765 | $130,656 | $92,516 | $63,910 |
| Income Tax Expense (Benefit) | $32,700 | $30,266 | $21,489 | $15,954 |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $104,065 | $100,390 | $71,027 | $47,956 |
| Net Income (Loss) Attributable to Noncontrolling Interest | $36 | $325 | $49 | $56 |
| Net Income (Loss) Attributable to Parent | $104,029 | $100,065 | $70,978 | $47,900 |
| Preferred Stock Dividends and Other Adjustments | $4,016 | $4,016 | $2,008 | $0 |
| Net Income (Loss) Available to Common Stockholders, Basic | $100,013 | $96,049 | $67,128 | $47,900 |
| Weighted Average Number of Shares Outstanding, Basic | 58,948,000 | 58,296,000 | 57,419,000 | 63,160,000 |
| Weighted Average Number of Shares Outstanding, Diluted | 58,957,000 | 58,297,000 | 57,425,000 | 63,172,000 |
| Interest and Fee Income, Loans and Leases | $521,865 | $545,243 | $556,894 | $612,703 |
| Interest Income, Debt Securities, Operating | $59,273 | $77,749 | $72,057 | $85,280 |
| Interest and Dividend Income, Securities, Operating, Other | $26,836 | $19,181 | $13,503 | $13,246 |
| Interest and Dividend Income, Operating | $607,974 | $642,173 | $642,454 | $711,821 |
| Interest Expense, Deposits | $172,018 | $242,133 | $216,180 | $234,864 |
| Interest Expense, Borrowings | $66,225 | $66,005 | $66,051 | $73,845 |
| InterestExpenseOperating | — | $308,138 | $282,231 | $308,709 |
| Gain (Loss) on Sale of Mortgage Loans | $428 | $2,358 | $3,686 | $1,661 |
| Debt Securities, Available-for-sale, Gain (Loss) | $-3,732 | $4,225 | $916 | $-478 |
| Profit (Loss) from Real Estate Operations | $0 | $-20 | $-285 | $1,030 |
| Bank Owned Life Insurance Income | $5,280 | $7,905 | $7,753 | $8,460 |
| Gain (Loss) on Hedging Activity | $741 | $879 | $3,649 | $4,821 |
| Noninterest Income, Other Operating Income | $1,212 | $5,107 | $3,069 | $777 |
| Noninterest Income | $33,624 | $50,187 | $44,701 | $39,061 |
| Labor and Related Expense | $135,802 | $138,341 | $159,353 | $172,057 |
| Occupancy, Net | $21,188 | $20,811 | $22,874 | $25,088 |
| Equipment Expense | $4,650 | $4,250 | $3,597 | $3,839 |
| Marketing Expense | $4,238 | $5,165 | $5,653 | $5,861 |
| Federal Deposit Insurance Corporation Premium Expense | $11,157 | $10,955 | $11,599 | $13,063 |
| Information Technology and Data Processing | $24,835 | $24,280 | $27,723 | $28,975 |
| Professional Fees | $18,297 | $9,483 | $15,090 | $14,956 |
| Amortization of Intangible Assets | — | $3,333 | $3,634 | $5,222 |
| Business Combination, Acquisition Related Costs | $22 | $1,779 | $4,253 | $51,168 |
| Restructuring Charges | — | — | $11,526 | $11,583 |
| Other Cost and Expense, Operating | $20,029 | $23,068 | $26,353 | $27,468 |
| Operating Expenses | $248,912 | $245,877 | $296,237 | $363,731 |
| Weighted Average Number of Shares Issued, Basic | 59,399,000 | 58,704,000 | 57,833,000 | 63,620,000 |
| Weighted Average Number of Shares, Employee Stock Ownership Plan Shares Not Committed to be Released | 257,000 | 164,000 | 99,000 | 33,000 |
| Weighted Average Number Diluted Shares Outstanding Adjustment | 9,000 | 1,000 | 6,000 | 12,000 |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 1,775,000 | 1,755,000 | 1,350,000 | 1,329,000 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 |
|---|
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $104,065 | $100,390 | $71,027 | $47,956 |
| Net Cash Provided by (Used in) Operating Activities | $124,261 | $92,243 | $87,211 | $121,663 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $-14,268 | $-30,103 | $11,515 | $103,458 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $153,718 | $123,615 | $135,130 | $108,390 |
| Depreciation, Depletion and Amortization | $12,327 | $10,903 | $10,300 | $10,953 |
| Employee Benefits and Share-based Compensation | $2,070 | $1,114 | $1,167 | $1,212 |
| Payments to Acquire Loans Receivable | $35,904 | $84,464 | $26,859 | $0 |
| Share-based Payment Arrangement, Noncash Expense | $5,854 | $6,084 | $4,869 | $6,194 |
| Amortization of Intangible Assets | — | $3,333 | $3,634 | $5,222 |
| Payments to Acquire Debt Securities, Available-for-sale | $302,909 | $256,784 | $809,714 | $1,084,849 |
| Business Acquisitions, Purchase Price Allocation, Year of Acquisition, Net Effect on Income | $5,848 | $2,865 | $1,455 | $2,002 |
| Servicing Asset at Amortized Cost, Amortization | $90 | $308 | $480 | $777 |
| Payments to Acquire Equity Method Investments | $7,661 | $3,082 | $7,647 | $7,908 |
| Accretion (Amortization) of Discounts and Premiums, Investments | $-3,133 | $-870 | $3,539 | $9,958 |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $22,376 | $19,537 | $9,914 | $13,223 |
| Amortization of Debt Issuance Costs and Discounts | $598 | $626 | $338 | $409 |
| Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities | $19,425 | $22,217 | $52,715 | $43,571 |
| Proceeds from Sale of Debt Securities, Available-for-sale | $1,300 | $7,121 | $141,638 | $293,986 |
| Provision for Loan, Lease, and Other Losses | $17,678 | $7,689 | $16,171 | $14,532 |
| Proceeds from Sale of Equity Method Investments | $4,822 | $22,782 | $365 | $365 |
| Impairment of Long-Lived Assets to be Disposed of | $459 | $0 | $0 | $0 |
| Gain (Loss) on Disposition of Property Plant Equipment | $26 | $131 | $-2 | $-2 |
| Marketable Securities, Unrealized Gain (Loss) | $-3,732 | $4,225 | $916 | $-478 |
| Proceeds from Life Insurance Policy | $385 | $2,856 | $7,153 | $6,022 |
| Gain (Loss) on Sales of Loans, Net | $428 | $2,358 | $3,686 | $1,661 |
| Proceeds from Sale of Federal Home Loan Bank Stock | $128,964 | $81,199 | $336,020 | $504,348 |
| Gain (Loss) on Sale of Investments | $-697 | $-106 | $-34 | $22 |
| Payments to Acquire Federal Home Loan Bank Stock | $113,447 | $96,067 | $356,715 | $560,562 |
| Proceeds from Sale of Mortgage Loans Held-for-sale | $58,495 | $270,171 | $504,329 | $257,585 |
| Proceeds from Sale of Other Real Estate | — | — | $912 | $2,430 |
| Payments for Origination of Mortgage Loans Held-for-sale | $62,543 | $283,858 | $485,200 | $485,200 |
| Proceeds from Sale of Property Held-for-sale | $3,719 | $883 | $0 | $0 |
| Payments to Acquire Property, Plant, and Equipment | $7,708 | $7,567 | $7,700 | $8,981 |
| Proceeds from Sale of Other Property, Plant, and Equipment | — | $3,380 | $0 | $0 |
| Proceeds from Divestiture of Interest in Consolidated Subsidiaries | — | — | $2,750 | $2,750 |
| Increase (Decrease) in Interest and Dividends Receivable | $7,170 | $-5,960 | $3,096 | $3,748 |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $68,932 | $0 | $0 |
| Deferred Income Tax Expense (Benefit) | $3,151 | $-337 | $3,009 | $4,218 |
| Net Cash Provided by (Used in) Investing Activities | $-487,997 | $106,400 | $-1,175,605 | $-858,499 |
| Gain (Loss) on Disposition of Stock in Subsidiary | — | — | $-4,338 | $-4,338 |
| Increase (Decrease) in Other Operating Assets | $-34,504 | $3,364 | $-29,319 | $-40,479 |
| Increase (Decrease) in Other Operating Liabilities | $-44,663 | $-8,062 | $-47,632 | $-2,624 |
| Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities | $20,196 | $-8,147 | $16,184 | $73,707 |
| Increase (Decrease) in Deposits | $760,023 | $-366,502 | $857,974 | $44,965 |
| Proceeds from (Repayments of) Short-term Debt | $3,950 | $-12,667 | $-6,204 | $-224 |
| Proceeds from Issuance of Subordinated Long-term Debt | — | — | $181,882 | $181,882 |
| Repayments of Other Debt | $0 | $0 | $125,000 | $125,000 |
| Increase (Decrease) in Advance Payments by Borrowers for Taxes and Insurance | $1,002 | $624 | $-1,786 | $-51,165 |
| Proceeds from Stock Options Exercised | $702 | $571 | $717 | $2,904 |
| Payment, Tax Withholding, Share-based Payment Arrangement | $2,350 | $2,391 | $1,402 | $4,386 |
| Payments for Repurchase of Common Stock | $0 | $21,476 | $24,908 | $7,594 |
| Payments of Ordinary Dividends, Common Stock | $51,274 | $50,880 | $48,247 | $45,874 |
| Payments for Repurchase of Preferred Stock and Preference Stock | — | — | $57,370 | $0 |
| Payments to Noncontrolling Interests | $55 | $0 | $315 | $49 |
| Net Cash Provided by (Used in) Financing Activities | $349,468 | $-228,746 | $1,099,909 | $840,294 |
| Restricted Cash | $0 | $0 | $0 | $0 |
| Noncash or Part Noncash Acquisition, Fixed Assets Acquired | $0 | $157 | $0 | $0 |
| Noncash or Part Noncash Acquisition, Other Assets Acquired | $0 | $1,122 | $0 | $0 |
| Noncash or Part Noncash Acquisition, Intangible Assets Acquired | — | $23,662 | $0 | $97,356 |
| Noncash or Part Noncash Acquisition, Value of Assets Acquired | $0 | $166,669 | $0 | $8,390,445 |
| Noncash or Part Noncash Acquisition, Other Liabilities Assumed | $0 | $4,033 | $0 | $316,478 |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $225,405 | $320,264 | $279,171 | $298,121 |
| Income Taxes Paid | $29,331 | $33,786 | $20,689 | $25,346 |
| Real Estate Owned, Transfer to Real Estate Owned | — | — | $9,565 | $6,476 |
| Financing Receivable, Reclassification to Held-for-sale | $0 | $0 | $8,640 | $4,316 |