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 Q2 2024

OFG Bancorp achieves record 2023 results, anticipates sustained growth

OFG Bancorp's 2023 performance reflects strong financial growth and successful execution of its Digital First strategy. While facing challenges from expected lower interest rates and consumer credit normalization, the company remains optimistic about continued growth opportunities. The company's robust Q4 results and positive outlook for 2024 indicate a promising trajectory.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Badger Meter

First Horizon National

Fortescue Metals Group Limited

Gold Fields Ltd.

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:

New Strong Buy Stocks for April 22nd

Sylvamo Corp

FHN, SLVM and OFG made it to the Zacks Rank #1 (Strong Buy) value stocks list on April 22, 2024.

Best Value Stocks to Buy for April 22nd

The heavy selling pressure might have exhausted for OFG (OFG) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

OFG (OFG) Loses -7.62% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

OFG Bancorp (NYSE:OFG ) Q1 2024 Earnings Conference Call April 18, 2024 10:00 AM ET Company Participants José Rafael Fernández - Chief Executive Officer & Vice Chair Maritza Arizmendi - Chief Financial Officer César Ortiz - Chief Risk Officer Conference Call Participants Brett Rabatin - Hovde Group Alex Twerdahl - Piper Sandler Kelly Motta - KBW Operator Thank you for joining OFG Bancorp's Conference Call. My name is Jamie, and I will be your operator today.

OFG Bancorp (OFG) Q1 2024 Earnings Call Transcript

OFG Bancorp (OFG) came out with quarterly earnings of $1.05 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.96 per share a year ago.

OFG Bancorp (OFG) Q1 Earnings Surpass Estimates

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, today reported results for the first quarter ended March 31, 2024. EPS diluted of $1.05 compared to $0.98 in 4Q23 and $0.96 in 1Q23. Total core revenues of $174.2 million compared to $175.6 million in 4Q23 and $164.4 million in 1Q23. CEO Comment José Rafael Fernández, Chief Executive Officer, said: “First quarter EPS-diluted increased 9.4% year-over-year on a 5.9% increase in total.

OFG Bancorp Reports 1Q24 Results

OFG (OFG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

OFG (OFG) Upgraded to Buy: What Does It Mean for the Stock?

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) will report first quarter 2024 financial results on Thursday, April 18, 2024, before the market opens and hold its conference call that morning at 10:00 AM ET. Participant Toll-Free Phone Number: (800) 225-9448 Participant International Phone Number: (203) 518-9708 Conference ID: OFGQ124 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.

OFG Bancorp to Report 1Q24 Results and Hold Call Thursday, April 18, 2024

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) today announced its Board of Directors approved a new $50 million stock repurchase authorization plan as part of OFG's capital actions. The new plan, which is open-ended, replaces the prior one, which had $17.2 million remaining authorization. About OFG Bancorp Now in its 60th year in business, OFG Bancorp is a diversified financial holding company that operates under U.S., Puerto Rico and U.S. Virgin Islands banking laws and regul.

OFG Bancorp Announces New $50 Million Share Repurchase Plan

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) today announced its Board of Directors increased the regular quarterly cash dividend by 13.6%, to $0.25 per common share from $0.22 per share, for the quarter ending March 31, 2024, as part of OFG's capital actions this year. The dividend is payable April 15, 2024, to holders of record at March 28, 2024, with an ex-dividend date of March 27, 2024. About OFG Bancorp Now in its 60th year in business, OFG Bancorp is a diversified fina.

OFG Bancorp Increases Regular Quarterly Common Stock Cash Dividend to $0.25

OFG Bancorp (OFG) Q4 2023 Earnings Call Transcript

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, today reported results for the fourth quarter and year ended December 31, 2023. 4Q23: EPS diluted of $0.98 compared to $0.95 in 3Q23 and $0.97 in 4Q22. Total core revenues of $175.6 million compared to $172.2 million in 3Q23 and $168.3 million in 4Q22. Full Year 2023: EPS diluted of $3.83 compared to $3.44 in 2022. Total core revenues of $682.7 million compared to $607.8 million. CE.

OFG Bancorp Reports 4Q23 & 2023 Results

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) will report fourth quarter 2023 financial results on Wednesday, January 24, 2024, before the market opens and hold its conference call that morning at 10:00 AM ET. Participant Toll-Free Phone Number: (800) 267-6316 Participant International Phone Number: (203) 518-9783 Conference ID: OFGQ423 The call can also be accessed live on OFG's website at www.ofgbancorp.com. Webcast replay will be available shortly thereafter. Visit the webc.

OFG Bancorp to Report 4Q23 Results and Hold Call Wednesday, January 24, 2024

OFG (OFG) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

OFG Bancorp (OFG) Hit a 52 Week High, Can the Run Continue?

SharkNinja Inc

The recent surge in analyst coverage for stocks such as SharkNinja (SN) and OFG indicates the potential for significant price appreciation in the near term.

New Analysts Initiate Coverage: 2 Stocks in Focus

If you are looking for stocks that are well positioned to maintain their recent uptrend, OFG (OFG) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

OFG (OFG) is on the Move, Here's Why the Trend Could be Sustainable

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) today announced its Board of Directors declared a regular quarterly cash dividend of $0.22 per common share for the quarter ending December 31, 2023. The dividend is payable January 16, 2024, to holders of record at December 29, 2023, with an ex-dividend date of December 28, 2023. About OFG Bancorp Now in its 59th year in business, OFG Bancorp is a diversified financial holding company that operates under U.S., Puerto Rico and U.S.

OFG Bancorp Declares Regular Quarterly Common Stock Cash Dividend

OFG Bancorp (OFG) Q3 2023 Earnings Call Transcript

OFG Bancorp (OFG) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.87 per share a year ago.

OFG Bancorp (OFG) Q3 Earnings and Revenues Top Estimates

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, 2023. EPS diluted of $0.95 compared to $0.93 in 2Q23 and $0.87 in 3Q22. Total core revenues of $172.2 million compared to $170.5 million in 2Q23 and $156.8 million in 3Q22. CEO Comment José Rafael Fernández, Chief Executive Officer, said: “Third quarter results reflected year-over-year increases of 10% in core revenues and 9.

OFG Bancorp Reports 3Q23 Results

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) will report third quarter 2023 financial results on Friday, October 20, 2023, before the market opens and hold its conference call that morning at 10:00 AM ET. Participant Toll-Free Phone Number: (800) 579-2543 Participant International Phone Number: (785) 424-1789 Conference ID: OFGQ323 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.

OFG Bancorp to Report 3Q23 Results and Hold Call Friday, October 20, 2023

High interest rates, decent loan demand, efforts to improve fee income and steady capital distributions make OFG Bancorp (OFG) stock worth investing.

6 Reasons Why OFG Bancorp (OFG) Stock is Worth Betting on

Aptargroup

First Internet Bancorp

USA Compression Partners

USAC, INBK, SWRAY, OFG and ATR have been added to the Zacks Rank #1 (Strong Buy) List on August 17, 2023.

New Strong Buy Stocks for August 17th

OFG (OFG) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes OFG (OFG) a New Strong Buy Stock

OFG (OFG) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

News for OFG Bancorp Stock (OFG)