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) is set to report its first quarter 2021 financial results on April 21, 2021, before the market opens. A conference call will follow at 10:00 AM ET. Participants can join the call via a toll-free line at (888) 562-3356 or internationally at (973) 582-2700, using the conference ID 319-4111. The call will also be streamed live on OFG’s website, with a replay available soon after. The financial holding company, operating for over 57 years, provides various banking and financial services primarily in Puerto Rico and the U.S. Virgin Islands.
OFG Bancorp (NYSE: OFG) has announced the redemption of all outstanding preferred stock series at a price of $25.00 per share. This includes 1,340,000 shares of Series A, 1,380,000 shares of Series B, and 960,000 shares of Series D, with redemption dates set for April 30, 2021, and July 15, 2021. CEO José Rafael Fernández stated that redeeming $92.0 million in preferred stock is part of their capital management strategy, expected to increase net income to shareholders by $6.5 million annually.
OFG Bancorp (NYSE: OFG) declared a quarterly cash dividend of $0.4453125 per share on its 7.125% Non-Cumulative Perpetual Preferred Stock, Series D, payable on April 15, 2021. The dividend is for the quarter ending March 31, 2021, with an ex-dividend date of March 30, 2021. This decision reflects OFG's ongoing commitment to returning value to shareholders amidst its diversified financial services operations across Puerto Rico and the U.S. Virgin Islands.
OFG Bancorp (NYSE: OFG) has announced a 14.3% increase in its regular quarterly cash dividend, raising it from $0.07 to $0.08 per common share, effective for the quarter ending March 31, 2021. The dividend will be payable on April 15, 2021, to shareholders on record as of March 31, 2021, with an ex-dividend date of March 30, 2021. CEO Jose Rafael Fernandez attributed this increase to the company’s earnings and capital growth, demonstrating resilience despite the challenges posed by COVID-19.
OFG Bancorp (NYSE: OFG) reported its fourth-quarter and annual results for 2020, showcasing a solid performance despite the pandemic's challenges. The company achieved a diluted EPS of $0.42, a recovery from a loss of $0.05 in 4Q19, while core revenues rose to $132.8 million from $98.4 million in the previous year. New loan originations reached $485.4 million, and the provision for credit losses decreased to $14.2 million. The company completed its Scotiabank integration, yielding annual cost savings, and increased its CET1 capital to $894.1 million.
OFG Bancorp (NYSE: OFG) will announce its fourth quarter 2020 financial results on Monday, January 25, 2021, before markets open. The accompanying conference call is scheduled for 10:00 AM ET the same day and will provide insights into the company’s performance.
Participants can join via toll-free or international phone lines. For those interested, the call will also be streamed live on OFG’s website, with a replay available afterward. OFG Bancorp, established for over 56 years, offers a range of financial services through its subsidiaries in Puerto Rico and the U.S. Virgin Islands.
OFG Bancorp (NYSE: OFG) reported strong third-quarter performance for the period ending September 30, 2020, driven by a healthy macro-economic environment in Puerto Rico and U.S. Virgin Islands. Key highlights include a 355% increase in diluted EPS to $0.50, a 23% drop in credit loss provisions, and a robust increase in customer deposits, totaling $8.5 billion. Operating efficiency improved with a significant reduction in non-interest expenses. Tangible book value per share rose to $16.51, and regulatory capital ratios exceeded well-capitalized standards.
OFG Bancorp (NYSE: OFG) will release its third-quarter 2020 financial results on October 23, 2020, before markets open. A conference call will follow at 10:00 AM ET, where analysts and investors can gain insights into the company's performance. Participants can join via a toll-free number (888-562-3356) or internationally (973-582-2700) using Conference ID 899-3880. The call will also be accessible live on the OFG website, with a replay available shortly afterward. OFG Bancorp operates under U.S., Puerto Rico, and U.S. Virgin Islands regulations, offering a wide range of financial services.