STOCK TITAN

OFG Bancorp - OFG STOCK NEWS

Welcome to our dedicated news page for OFG Bancorp (Ticker: OFG), a resource for investors and traders seeking the latest updates and insights on OFG Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect OFG Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of OFG Bancorp's position in the market.

News
Rhea-AI Summary
OFG Bancorp reported strong financial results for the first quarter of 2024, with an EPS diluted of $1.05, a 9.4% increase year-over-year. Total core revenues were $174.2 million, reflecting a 5.9% increase. The CEO highlighted the success of their Digital First strategy and the positive business activity in Puerto Rico. Key performance metrics included a net interest margin of 5.40% and a return on average assets of 1.77%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.21%
Tags
-
Rhea-AI Summary
OFG Bancorp (NYSE: OFG) to announce Q1 2024 financial results on April 18, 2024. Conference call scheduled at 10:00 AM ET. Webcast available on www.ofgbancorp.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.62%
Tags
conferences earnings
-
Rhea-AI Summary
OFG Bancorp (NYSE: OFG) has approved a new $50 million stock repurchase authorization plan, replacing the prior one with $17.2 million remaining. This open-ended plan is part of OFG's capital actions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
buyback
Rhea-AI Summary
OFG Bancorp (NYSE: OFG) has announced a 13.6% increase in its regular quarterly cash dividend, raising it to $0.25 per common share from $0.22 per share. The dividend is payable on April 15, 2024, to holders of record at March 28, 2024, with an ex-dividend date of March 27, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends
-
News
Rhea-AI Summary
OFG Bancorp reported strong financial results for the fourth quarter and full year 2023, with diluted EPS of $0.98 in 4Q23 and $3.83 for the full year. The company achieved record levels of loans, customer deposits, assets, and stockholders’ equity. Despite workforce early retirement costs, OFG saw a gain on the sale of non-performing loans and a large public funds deposit in 4Q23. The company's 'Digital First Strategy' continues to be successful, with 93% of routine transactions completed through self-service channels. Performance metrics for 4Q23 included a net interest margin of 5.62% and a return on average assets of 1.76%. Credit quality remained strong, with a nonperforming loan rate of 1.22%, the lowest over the last five quarters. OFG also saw growth in loans, new loan production, investments, customer deposits, and total assets, reflecting a positive outlook for the company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.42%
Tags
-
Rhea-AI Summary
OFG Bancorp (NYSE: OFG) will report Q4 2023 financial results on January 24, 2024, before the market opens. A conference call will be held at 10:00 AM ET. Participant Toll-Free Phone Number: (800) 267-6316 Participant International Phone Number: (203) 518-9783 Conference ID: OFGQ423. Webcast replay will be available on OFG’s website at www.ofgbancorp.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.19%
Tags
conferences earnings
Rhea-AI Summary
OFG Bancorp declares a quarterly cash dividend of $0.22 per common share for Q4 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.45%
Tags
dividends
-
News
Rhea-AI Summary
OFG Bancorp reports Q3 2023 results with increased core revenues and EPS
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.69%
Tags
-
Rhea-AI Summary
OFG Bancorp to report Q3 2023 financial results on October 20, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.63%
Tags
conferences earnings
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.44%
Tags
dividends
OFG Bancorp

NYSE:OFG

OFG Rankings

OFG Stock Data

1.62B
46.12M
1.96%
94.91%
0.59%
Commercial Banking
Finance and Insurance
Link
US
San Juan

About OFG

ofg corp is a human resources company based out of p.o. box 795273, dallas, texas, united states.