OFG Bancorp Q2 2021 EPS $0.78, loan origination up 27.7% QoQ, provision benefit $8.3M

OFG BANCORP

2021-Q2 EPS reported $1.35

Diluted EPS $0.78 vs $0.56 in Q1 and $0.39 a year ago.
Total core revenues $133.3M, up 4.4% from $127.7M in Q1.
New loan origination $673.6M, up 27.7% QoQ led by commercial and auto.
Provision for credit losses a net benefit of $8.3M from reserve releases.
Tangible book value per share $18.13; CET1 ratio 13.95%.

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