OFG Bancorp

OFG Bancorp is a holding company, which engages in the provision of banking and financial services. It operates through the following segments: Banking, Wealth Management, and Treasury. The Banking segment includes its branches and traditional banking products such as deposits and commercial, consumer, and mortgage loans. The Wealth Management segment is involved in financial planning, money management and investment banking, brokerage services, insurance sales activity, corporate and individual trust and retirement services, and retirement plan administration services. The Treasury segment encompasses all its asset and liability management activities, such as purchases and sales of investment securities, interest rate risk management, derivatives, and borrowings. The company was founded in 1964 and is headquartered in San Juan, Puerto Rico.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

OFG Bancorp achieves record 2023 results, eyes growth amid challenges

OFG Bancorp delivered exceptional performance in 2023, marked by record results and strategic capital actions. The company's Digital First strategy and strong credit quality position it well for future growth.
While facing challenges related to interest rates and inflation, OFG Bancorp remains confident in its ability to manage risks and capitalize on opportunities. Analyst inquiries reflect market interest in the company's financial strategies and growth prospects.
With a focus on prudent financial management, customer-centric digital initiatives, and strategic foresight, OFG Bancorp is poised to navigate evolving market dynamics and drive sustainable growth in the coming year.

OFG Bancorp posts strong Q1 results amidst growth opportunities

OFG Bancorp's Q1 2024 performance reflects strong financial health and growth potential.
While facing credit risk and liquidity challenges, the bank's focus on digital adoption and capital deployment presents opportunities.
With a positive outlook for Puerto Rico and efficient asset utilization, OFG is poised for continued success.
Management's proactive approach to addressing challenges and leveraging opportunities positions OFG for sustainable growth.

OFG Bancorp excels in Q2 with strong financials and digital growth

OFG Bancorp's Q2 performance showcased robust financial metrics, strategic digital initiatives, and a positive outlook for sustained growth.
Key strengths in core revenue components, digital transformation, and prudent capital management position OFG well for future opportunities.
While challenges in asset repricing and operational efficiency persist, the bank's focus on innovation and growth strategies signals resilience and adaptability.

OFG Bancorp reports solid Q3 earnings amidst digital growth

OFG Bancorp's Q3 performance reflects steady growth in key financial metrics, supported by a strong capital position and a focus on digital innovation. While facing challenges related to interest rate cuts, the company is well-positioned to capitalize on opportunities in loan growth and customer engagement.

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OFG Bancorp is a holding company, which engages in the provision of banking and financial services. It operates through the following segments: Banking, Wealth Management, and Treasury. The Banking segment includes its branches and traditional banking products such as deposits and commercial, consumer, and mortgage loans. The Wealth Management segment is involved in financial planning, money management and investment banking, brokerage services, insurance sales activity, corporate and individual trust and retirement services, and retirement plan administration services. The Treasury segment focuses on all its asset and liability management activities, such as purchases and sales of investment securities, interest rate risk management, derivatives, and borrowings. The company was founded in 1964 and is headquartered in San Juan, Puerto Rico.

OFG (OFG) delivered earnings and revenue surprises of 56.25% and -2.29%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

OFG Bancorp (OFG) Q3 Earnings Surpass Estimates

Shares of OFG Bancorp (NYSE:OFG) fell 0.1% in pre-market trading after the company reported Q3 results. Quarterly Results Earnings per share were up 4.17% over the past year to $0.50, which beat the estimate of $0.35.

Recap: OFG Bancorp Q3 Earnings

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, reported results for the third quarter ended September 30, 2020. CEO Comment José Rafael Fernández, President, Chief Executive Officer, and Vice Chairman of the Board, stated: “We had a strong third quarter performance in our core business. This was due to an improved macro-economic environment in Puerto Rico and the U.S. Virgin Islands coupled with our being resilient, agile, and m

OFG Bancorp Reports 3Q20 Results

OFG (OFG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate OFG Bancorp (OFG) to Report a Decline in Earnings: What to Look Out for

The Puerto Rican banking industry is worth analyzing because of its oligopolistic tendencies.

Stable Monthly Income From OFG Bancorp Series B Preferred Shares

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) will report third quarter 2020 financial results Friday, October 23, 2020 before the market opens and hold its conference call that morning at 10:00 AM ET. Participant Toll-Free Phone Number: (888) 562-3356 Participant International Phone Number: (973) 582-2700 Conference ID: 899-3880 The call can also be accessed live on OFG’s website at www.ofgbancorp.com. Webcast replay will be available shortly thereafter. Visit the webcast lin

OFG Bancorp to Report 3Q20 Results and Hold Call Friday, October 23, 2020

OFG Bancorp (OFG) CEO José Fernández on Q2 2020 Results - Earnings Call Transcript

OFG (OFG) delivered earnings and revenue surprises of 50.00% and -0.34%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

OFG Bancorp (OFG) Surpasses Q2 Earnings Estimates

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) today reported results for the second quarter ended June 30, 2020. 2Q20 Financial Highlights Net income available to common shareholders totaled $20.2 million or $0.39 per share fully diluted.

OFG Bancorp Reports 2Q20 Results

OFG Bancorp's (OFG) CEO José Rafael Fernández on Q1 2020 Results - Earnings Call Transcript

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OFG Bancorp (OFG) CEO José Rafael Fernández on Q4 2019 Results - Earnings Call Transcript

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OFG Bancorp (OFG) CEO José Rafael Fernández on Q3 2019 Results - Earnings Call Transcript

OFG (OFG) delivered earnings and revenue surprises of 6.67% and 5.63%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

OFG Bancorp (OFG) Q3 Earnings and Revenues Surpass Estimates

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OFG Bancorp (OFG) CEO José Rafael Fernández on Q2 2019 Results - Earnings Call Transcript

OFG (OFG) delivered earnings and revenue surprises of -2.27% and 5.62%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

OFG Bancorp (OFG) Q2 Earnings Lag Estimates

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OFG Bancorp (OFG) stock may be a good choice for value-oriented investors right now from multiple angles.

Can Value Investors Consider OFG Bancorp (OFG) Stock Now?

OFG (OFG) is well positioned to outperform the market, as it exhibits above-average growth in financials.

3 Reasons Growth Investors Will Love OFG (OFG)

OFG Bancorp (OFG) CEO Jose Rafael Fernandez on Q1 2019 Results - Earnings Call Transcript

OFG (OFG) delivered earnings and revenue surprises of 5.00% and 3.16%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

News for OFG Bancorp Stock (OFG)