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 has announced a quarterly cash dividend of
OFG Bancorp (NYSE: OFG) reported its 1Q23 results with a diluted EPS of $0.96, a slight decline from $0.97 in 4Q22 but higher than $0.76 in 1Q22. Total core revenues were $164.4 million, down from $168.3 million in 4Q22 and up from $136.4 million in 1Q22. Net interest margin stood at 5.89%, while total interest income reached $149.0 million. The bank maintained stable deposit balances at $8.57 billion. The return on average assets was 1.87% and the efficiency ratio improved to 54.87%. Although total provision for credit losses increased to $9.4 million, credit quality metrics revealed net charge-offs decreased to $10.1 million. OFG’s capital ratios showed improvements, with a CET1 ratio of 14.07%.
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