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 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.