Welcome to our dedicated page for OFG Bancorp news (Ticker: OFG), a resource for investors and traders seeking the latest updates and insights on OFG Bancorp stock.
OFG Bancorp (OFG) provides essential banking, wealth management, and treasury services across Puerto Rico through subsidiaries like Oriental Bank. This news hub delivers verified updates about the company’s financial performance, strategic decisions, and market positioning.
Investors and analysts will find comprehensive coverage of earnings announcements, leadership changes, regulatory filings, and operational developments. Our curated collection ensures efficient tracking of key milestones including merger activity, dividend declarations, and service expansions.
All content is sourced from official press releases and trusted financial publications. Bookmark this page to monitor OFG’s evolving role in Caribbean banking markets and access historical announcements through our organized archive.
OFG Bancorp (NYSE: OFG) has announced a significant capital action with its Board of Directors approving a new $100 million stock repurchase authorization plan. This open-ended plan comes as an addition to the company's previously authorized stock repurchase program.
The announcement from the San Juan, Puerto Rico-based financial institution represents a strategic move in its capital management approach. The new authorization demonstrates the company's commitment to delivering value to shareholders through continued investment in its own stock.
OFG Bancorp (NYSE: OFG) has announced a quarterly cash dividend of $0.30 per common share for the quarter ending June 30, 2025. The dividend will be distributed to shareholders on July 15, 2025.
Stockholders who are recorded as holders by June 30, 2025, will be eligible for this dividend payment. The ex-dividend date has been set for June 30, 2025, marking the date when the stock begins trading without the value of its next dividend payment.
This regular quarterly dividend announcement from the San Juan, Puerto Rico-based financial institution demonstrates its continued commitment to providing returns to shareholders.
OFG Bancorp (NYSE: OFG) reported its Q1 2025 financial results with EPS diluted of $1.00, down from $1.09 in Q4 2024 and $1.05 in Q1 2024. Total core revenues reached $178.3 million, compared to $181.9 million in Q4 2024.
Key highlights include:
- Net interest margin of 5.42%
- Return on average assets of 1.56%
- Efficiency ratio of 52.42%
- CET1 ratio at 14.27%
The bank reported loan growth with Loans Held for Investment at $7.85 billion, up 0.8% from Q4 2024. Customer deposits increased to $9.76 billion, up $308.4 million from Q4 2024. During the quarter, the company repurchased $23.4 million of common shares and increased the common dividend by 20%.
OFG Bancorp (NYSE: OFG) has scheduled its first quarter 2025 financial results announcement for Wednesday, April 23, 2025, before market opening. The company will host a conference call at 10:00 AM ET the same day.
Participants can join via phone using the toll-free number (800) 267-6316 for domestic calls or (203) 518-9783 for international calls, with Conference ID: OFGQ125. The call will also be accessible through a live webcast on OFG's website at www.ofgbancorp.com, with replay available shortly after.
OFG Bancorp (NYSE: OFG) has announced a 20% increase in its regular quarterly cash dividend to $0.30 per common share, up from the previous $0.25 per share. The increased dividend is for the quarter ending March 31, 2025, and will be payable on April 15, 2025, to shareholders of record as of March 31, 2025. This dividend increase is part of OFG's capital actions for the year.
OFG Bancorp reported strong financial results for Q4 and full-year 2024. Q4 2024 earnings per share reached $1.09, up from $1.00 in Q3 2024 and $0.98 in Q4 2023. Total core revenues were $181.9 million in Q4 2024, compared to $174.1 million in Q3 2024.
For the full year 2024, diluted EPS was $4.23, a 10.4% increase from $3.83 in 2023. Annual core revenues grew 3.9% to $709.6 million. The bank demonstrated strong operational execution with its Digital First strategy, growing its banking franchise and market share.
Key Q4 metrics included a net interest margin of 5.40%, return on average assets of 1.75%, and an efficiency ratio of 54.82%. Total loans held for investment reached $7.79 billion, a 3.4% year-over-year increase. The company continued its share buyback program, acquiring $45.9 million of common shares in Q4 2024.
OFG Bancorp (NYSE: OFG) has announced it will release its fourth quarter 2024 financial results on Wednesday, January 22, 2025, before market opening. The company will host a conference call at 10:00 AM ET the same day to discuss the results. Investors can join via phone using toll-free number (800) 225-9448 or international number (203) 518-9708 with Conference ID: OFGQ424. A live webcast will be available on OFG's website, with a replay accessible shortly after the call.
OFG Bancorp (NYSE: OFG) announced that its Board of Directors has declared a regular quarterly cash dividend of $0.25 per common share for the quarter ending December 31, 2024. The dividend will be paid on January 15, 2025, to shareholders of record as of December 31, 2024. The ex-dividend date is set for December 31, 2024.
OFG Bancorp (NYSE: OFG) has announced that its Board of Directors has approved a new $50 million stock repurchase authorization plan. This open-ended plan is supplementary to the company's previously authorized stock repurchase program and is part of OFG's broader capital actions strategy.
OFG Bancorp (NYSE: OFG) announced plans to ring the NYSE opening bell on October 25, celebrating two significant milestones: the 60th anniversary of Oriental Bank and 30 years of NYSE listing. Since its humble beginnings in 1964 as one of Puerto Rico's smallest banks, Oriental Bank has grown to become one of the island's top three financial institutions. The company's success is attributed to its dedicated teams and 'Digital First' strategy, focusing on efficient self-service technology to expand customer base and engagement. Since its NYSE listing in 1994, OFG Bancorp has achieved a remarkable 2,522% total return, outperforming the S&P 500's 2,112% return.
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