OFG Bancorp Stock Price, News & Analysis

OFG Bancorp (NYSE: OFG) reported its fourth quarter and full-year results for 2021. The company posted diluted EPS of $0.66 in 4Q21, down from $0.81 in 3Q21 but up from $0.42 in 4Q20. Total core revenues rose to $141 million in 4Q21, driven by strong net interest income of $104.2 million. For the full year, EPS increased to $2.81 from $1.32 in 2020. Key highlights include a $65.5 million sale of past due loans, a CET1 ratio of 13.77%, and a tangible book value per share increase of 12.4% year-over-year.

OFG Bancorp (NYSE: OFG) is set to report its fourth quarter 2021 financial results on January 19, 2022, prior to market opening, followed by a conference call at 10:00 AM ET. Interested participants can join the call using the toll-free number (800) 459-5346 or internationally at (203) 518-9544. The conference ID is OFGQ421. The live call will also be accessible on the OFG Bancorp website, with a replay available shortly thereafter.

OFG Bancorp has declared a quarterly cash dividend of $0.12 per common share for the quarter ending December 31, 2021. The dividend is scheduled for payment on January 18, 2022, to shareholders recorded as of December 31, 2021, with an ex-dividend date of December 30, 2021. This announcement highlights OFG Bancorp's ongoing commitment to return value to its shareholders as it continues to operate under U.S. and Puerto Rican banking regulations.

OFG Bancorp reported its third-quarter results for 2021, showing strong growth in net income and loan origination. New loan origination reached $556 million, and net interest income increased. Customer deposits rose by $154 million, while non-interest expenses fell by 5%. The provision for credit losses recorded a net benefit of $5 million, indicating improved asset quality. Earnings per share increased to $0.81, reflecting a solid performance against previous quarters.

OFG Bancorp (NYSE: OFG) is set to release its third quarter 2021 financial results on Wednesday, October 20, 2021, prior to market opening. A conference call will follow at 10:00 AM ET.

• Participant Toll-Free Phone Number: (877) 876-9174
• International Phone Number: (785) 424-1669
• Conference ID: OFGQ321

The call will also be available live on OFG’s website, with a replay accessible shortly after.

OFG Bancorp (NYSE: OFG) has authorized a new stock repurchase program worth $50 million, replacing the previous plan. This initiative is part of the company's ongoing capital actions for 2021. The repurchase reflects OFG's commitment to enhancing shareholder value and indicates confidence in its financial health.

OFG Bancorp (NYSE: OFG) has announced a 50% increase in its regular quarterly cash dividend, raising it from $0.08 to $0.12 per common share for the quarter ending September 30, 2021. This dividend is payable on October 15, 2021 to shareholders of record as of September 30, 2021, with an ex-dividend date of September 29, 2021.

OFG Bancorp, now in its 57^th year, operates under U.S. and Puerto Rico banking regulations, offering a diverse range of financial products through its subsidiaries.

OFG Bancorp (NYSE: OFG) announced strong second quarter results for the period ending June 30, 2021. Earnings per share increased to $0.78 from $0.56 in the previous quarter and $0.39 year-over-year. New loan origination surged by 27.7%, totaling $673.6 million, while interest income saw a 2.2% rise to $113.5 million. The provision for credit losses benefited by $8.3 million due to improved asset quality, with net charge-offs at a low 0.13%. Despite a slight decline in net interest margin to 4.22%, the tangible book value per share rose to $18.13, reflecting positive capital management.

OFG Bancorp (NYSE: OFG) is set to release its second quarter 2021 financial results on Wednesday, July 21, 2021, before the market opens. A conference call will follow at 10:00 AM ET. Participants can join via the toll-free number (888) 562-3356 or the international line (973) 582-2700, using conference ID 573-9736. The call will also be available through OFG’s website at www.ofgbancorp.com, with a replay expected shortly after.

OFG Bancorp has operated for 57 years, providing various financial services primarily in Puerto Rico and the U.S. Virgin Islands.