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 (NYSE: OFG) is a diversified financial holding company and the financial holding company for Oriental Bank. Through Oriental Bank, Oriental Financial Services and Oriental Insurance, it provides retail and commercial banking, lending and wealth management products, services, and technology, primarily in Puerto Rico and the U.S. Virgin Islands. This news page focuses on company announcements and developments that affect OFG stock and its banking franchise.
Investors and observers can use this feed to follow OFG Bancorp’s earnings releases, dividend declarations, capital actions and operating updates. The company regularly reports quarterly financial results, including information on net interest income, core revenues, credit quality, capital ratios and loan and deposit trends. These results are typically accompanied by management commentary on performance, strategy and the economic environment in its core markets.
News items also cover Board decisions such as common stock dividend declarations and stock repurchase authorization plans, which are key to understanding OFG Bancorp’s capital management and shareholder return policies. In addition, the company announces conference calls for its quarterly results, providing details for investors who wish to listen to management’s discussion.
Because OFG Bancorp emphasizes a Digital First and omnichannel strategy, its news often highlights new digital tools, Smart Banking insights, and technology initiatives, as well as references to AI-driven predictive customer insights and internal efficiency efforts. For anyone tracking developments in commercial banking and financial services in Puerto Rico and the U.S. Virgin Islands, this page offers an organized view of OFG Bancorp’s latest public disclosures and corporate updates.
OFG Bancorp (NYSE: OFG) reported its 3Q24 results with an EPS diluted of $1.00, compared to $1.08 in 2Q24 and $0.95 in 3Q23. Total core revenues reached $174.1 million, up from $172.2 million in 3Q23. The company demonstrated solid performance with a 5.3% year-over-year increase in EPS-diluted and a 1.1% increase in total core revenues.
Key highlights include a net interest margin of 5.43%, return on average assets of 1.66%, and an efficiency ratio of 52.60%. Loans Held for Investment grew to $7.75 billion, a 6.7% increase year-over-year. Customer Deposits stood at $9.53 billion, while the CET1 ratio improved to 14.37%. The company also reported an increase in Tangible Book Value per share to $26.15.
OFG Bancorp (NYSE: OFG) has announced it will release its third quarter 2024 financial results on Wednesday, October 16, 2024, before the market opens. The company will also host a conference call at 10:00 AM ET on the same day to discuss the results. Interested parties can join the call using the following details:
- Toll-Free Phone Number: (800) 225-9448
- International Phone Number: (203) 518-9708
- Conference ID: OFGQ324
Additionally, the call will be accessible live on OFG's website at www.ofgbancorp.com. A webcast replay will be available shortly after the call concludes. Participants are encouraged to visit the webcast link in advance to pre-register or download any necessary software.
OFG Bancorp (NYSE: OFG) has announced a regular quarterly cash dividend of $0.25 per common share for the quarter ending September 30, 2024. The dividend will be payable on October 15, 2024, to shareholders of record as of September 30, 2024. The ex-dividend date is also set for September 30, 2024. This declaration by the Board of Directors demonstrates OFG Bancorp's commitment to providing consistent returns to its shareholders, maintaining its dividend policy despite the challenging economic environment.
OFG Bancorp (NYSE: OFG) reported strong 2Q24 results, with EPS diluted of $1.08, up 16.1% year-over-year. Total core revenues reached $179.4 million, a 5.2% increase from 2Q23. The company demonstrated robust performance metrics, including a net interest margin of 5.51% and a return on average assets of 1.82%. OFG's 'Digital First' strategy continues to drive growth in retail and business relationships. The bank implemented nearly half of its $50 million share buyback program, purchasing $24.3 million of OFG shares. Loans Held for Investment grew to $7.64 billion, up 7.3% year-over-year, while Customer Deposits increased to $9.60 billion. The company maintained strong capital ratios with a CET1 ratio of 14.29% and a Tangible Book Value of $24.18 per share.
OFG Bancorp (NYSE: OFG) is set to announce its second quarter 2024 financial results on Thursday, July 18, 2024, before the market opens. A conference call to discuss the results will follow at 10:00 AM ET. Participants can join the call toll-free at (800) 245-3047 or internationally at (203) 518-9708 using Conference ID: OFGQ224. Additionally, the call will be accessible live on OFG's website, with a webcast replay available shortly after the event. Pre-registration or software download may be required for the webcast.
OFG Bancorp (NYSE: OFG) declared a regular quarterly cash dividend of $0.25 per common share for the quarter ending June 30, 2024. The dividend will be payable on July 15, 2024, to shareholders of record on June 28, 2024, with an ex-dividend date of June 28, 2024.
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