OFG Bancorp Stock Price, News & Analysis

OFG Bancorp (NYSE: OFG) reported a strong financial performance for Q4 and full year 2022. In Q4, EPS diluted rose to $0.97, up from $0.87 in Q3. Total core revenues hit $168.3 million, a 7.3% increase from Q3. For 2022, EPS diluted increased to $3.44 from $2.81. Key highlights include net interest income of $135.3 million and a return on average assets of 1.86%. However, total customer deposits decreased to $8.56 billion.

OFG Bancorp (NYSE: OFG) announced a 10% increase in its quarterly cash dividend, raising it from $0.20 to $0.22 per common share for the quarter ending March 31, 2023. This dividend increase represents the company's commitment to returning capital to shareholders. The dividend payment date is set for April 17, 2023, with an ex-dividend date of March 30, 2023, and it will be payable to holders of record as of March 31, 2023. This strategic move is part of OFG's capital actions for 2023.

OFG Bancorp (NYSE: OFG) will announce its fourth quarter 2022 financial results on January 26, 2023, before market opening. A conference call is scheduled for 10:00 AM ET the same day, accessible via a toll-free number (800) 579-2543 or internationally at (203) 518-9708 using Conference ID: OFGQ422. The call will also stream live on OFG Bancorp's website, with a replay available shortly after. OFG Bancorp is a diversified financial holding company operating in Puerto Rico and the U.S. Virgin Islands, focusing on banking, lending, and wealth management.

OFG Bancorp (NYSE: OFG) has declared a quarterly cash dividend of $0.20 per common share for Q4 2022. This dividend is payable on January 17, 2023 to shareholders on record as of December 30, 2022, with an ex-dividend date set for December 29, 2022. The announcement reflects the company's commitment to returning value to its shareholders.

OFG Bancorp (NYSE: OFG) reported strong third-quarter results for 2022, with diluted EPS of $0.87, up from $0.84 in 2Q22 and $0.81 in 3Q21. Core revenues increased to $156.8 million, a 7.2% growth quarter-over-quarter. Net interest income rose to $126.5 million, benefiting from expanded margins due to higher loan volumes. The company raised its quarterly cash dividend to $0.20 per share. Credit quality metrics showed an increase in net charge-offs to $11.3 million. Total assets decreased to $10.06 billion, while customer deposits fell to $8.84 billion from $9.02 billion in 2Q22.

OFG Bancorp (NYSE: OFG) will disclose its third quarter 2022 financial results on October 20, 2022, prior to market opening. The company will host a conference call on the same day at 10:00 AM ET to discuss the results. Investors can join by calling (800) 225-9448 (toll-free) or (203) 518-9708 (international) with Conference ID: OFGQ322. Live access is also available via www.ofgbancorp.com. OFG Bancorp has been operational for 58 years, serving Puerto Rico and the U.S. Virgin Islands.

OFG Bancorp (NYSE: OFG) announces a 33% increase in its quarterly cash dividend, raising it to $0.20 per share from $0.15. This change affects the quarter ending September 30, 2022. The new dividend is payable on October 17, 2022 to shareholders who hold stock as of September 30, 2022, with an ex-dividend date of September 29, 2022.

OFG Bancorp (NYSE: OFG) reported strong second-quarter results for the period ending June 30, 2022. EPS diluted increased to $0.84, up from $0.76 in Q1 2022 and $0.78 in Q2 2021. Total core revenues reached $146.3 million, compared to $136.4 million in Q1 2022. Key highlights include a net interest income of $115.1 million and significant growth in loans and deposits. Non-interest expenses rose to $85.3 million, driven by compliance and technology costs. Despite challenges, the Puerto Rico economy shows positive trends.

OFG Bancorp (NYSE: OFG) will announce its second quarter 2022 financial results on July 21, 2022, before the market opens. A conference call is scheduled for 10:00 AM ET the same day. Investors can participate via phone using the toll-free number (800) 459-5346 or the international number (203) 518-9544, with Conference ID OFGQ222. The call will also be streamed live on the company's website. OFG Bancorp has been operational for 58 years, offering various banking and financial services primarily in Puerto Rico and the U.S. Virgin Islands.