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Income Statement for Ocean Financial (OCFC)

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Income Statement for OceanFirst Financial Corp.  (OCFC) 
$ 19.28      0.50 (+2.66%) Volume: 0 4:00 PM EDT Sep 5, 2008
Statement: View:
Income in Thousands of Dollars
12/2007 12/2006 12/2005 12/2004 12/2003
Total Interest Income 114,964 116,562 102,799 90,952 94,537
Total Interest Expense (62,040) (58,442) (41,873) (34,931) (36,894)
Net Interest Income 52,924 58,119 60,926 56,021 57,643
Loan Loss Provision (700) (150) (350) (300) (688)
Net Interest Income After Loan Loss Provision 52,224 57,969 60,576 55,721 56,955
Non-Interest Income 2,531 13,608 24,090 20,740 18,749
Non-Interest Expense (52,806) (52,381) (54,834) (48,759) (44,857)
Special Income/Charges (1,014) - - - -
Net Income Before Taxes 935 19,196 29,832 27,702 30,847
Premium Tax (Credit) - - - - -
Minority Interest - - - - -
Income Taxes 140 (6,563) (10,335) (9,757) (10,974)
Net Income from Continuing Operations 1,075 12,633 19,497 17,945 19,873
Net Income from Discontinued Operations - - - - -
Net Income from Total Operations 1,075 12,633 19,497 17,945 19,873
Extraordinary Income/Loss - - - - -
Income from Cum. Effect of Acct Change - - - - -
Income from Tax Loss Carryforward - - - - -
Other Gains - - - - -
Total Net Income 1,075 12,633 19,497 17,945 19,873
Results in Dollars (Preferred Dividends in Thousands)
12/2007 12/2006 12/2005 12/2004 12/2003
Dividends Paid Per Share 0.80 0.80 0.80 0.80 0.78
Preferred Dividends - - - - -
Basic EPS from Continuing Operations 0.09 1.09 1.65 1.48 1.62
Basic EPS from Discontinued Operations 0.00 0.00 0.00 0.00 0.00
Basic EPS from Total Operations 0.09 1.09 1.65 1.48 1.62
Basic EPS from Extraordinary Inc 0.00 0.00 0.00 0.00 0.00
Basic EPS from Cum. Effect of Acct Chg 0.00 0.00 0.00 0.00 0.00
Basic EPS from Tax Loss Carryforward 0.00 0.00 0.00 0.00 0.00
Basic EPS from Other Gains(Loss) 0.00 0.00 0.00 0.00 0.00
Basic EPS, Total 0.09 1.09 1.65 1.48 1.62
Basic Normalized Net Income/Share 0.17 1.09 1.65 1.48 1.62
Diluted EPS from Continuing Operations 0.09 1.07 1.60 1.42 1.53
Diluted EPS from Discontinued Operations 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Total Operations 0.09 1.07 1.60 1.42 1.53
Diluted EPS from Extraordinary Inc 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Cum. Effect of Acct Chg 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Tax Loss Carryforward 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Other Gains(Loss) 0.00 0.00 0.00 0.00 0.00
Diluted EPS, Total 0.09 1.07 1.60 1.42 1.53
Diluted Normalized Net Income/Share 0.17 1.07 1.60 1.42 1.53

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Date:Sep 3, 2008
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