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.
Summary not available.
Summary not available.
OFG Bancorp has announced a quarterly cash dividend of $0.22 per common share, reflecting its ongoing commitment to returning value to shareholders. This dividend will be paid for the quarter ending June 30, 2023, with a payment date of July 17, 2023. Shareholders must be on record by June 30, 2023, with an ex-dividend date set for June 29, 2023. As OFG Bancorp reaches its 59th year of operation, it continues to provide a diverse range of financial services in location value="LC/pr"Puerto Rico and the location value="LC/vi"U.S. Virgin Islands, reinforcing its position in the financial sector.
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%.
OFG Bancorp (NYSE: OFG) will announce its first quarter 2023 financial results on April 20, 2023, before market opening. A conference call will take place at 10:00 AM ET the same day, accessible via telephone or through OFG’s website. Key contact numbers include a toll-free line at (800) 225-9448 and an international line at (203) 518-9708, with Conference ID OFGQ123. Founded in 1964, OFG operates primarily in Puerto Rico and the U.S. Virgin Islands, offering a diverse range of financial services through its subsidiaries. Webcast replay will be available shortly after the call.
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.