---
schema_version: "secwatch.filing_event.v1"
accession: "0001030469-22-000007"
form_type: "8-K"
ticker: "OFG"
cik: "0001030469"
company_name: "OFG BANCORP"
filed_at: "2022-01-19T23:59:59+00:00"
generated_at: "2026-06-27T17:03:52.225112+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# OFG Bancorp Q4 EPS $0.66, FY EPS $2.81; core revenue $141M; TBV $19.08

## Summary
- 4Q21 diluted EPS $0.66 vs $0.81 in 3Q21 and $0.42 in 4Q20; FY2021 EPS $2.81 vs $1.32 in 2020.
- 4Q21 core revenues $141.0M, up from $134.7M in 3Q21; net interest income $104.2M.
- Strategic sale of $65.5M past due loans required $9.7M additional provision; net charge-offs $32.5M.
- Completed $92M preferred stock redemption and $50M common stock buyback; CET1 ratio 13.77%.
- Tangible book value per share $19.08, up 12.4% YoY; NPL rate fell to 1.75% from 2.08% in 3Q21.

## SEC filing metadata
- accession: 0001030469-22-000007
- form_type: 8-K
- ticker: OFG
- cik: 0001030469
- company_name: OFG BANCORP
- filed_at: 2022-01-19T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1030469/000103046922000007/0001030469-22-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1030469/000103046922000007/ofg-20220119.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001030469-22-000007
- JSON: https://secwatch.observer/filing/0001030469-22-000007.json
- Plain text: https://secwatch.observer/filing/0001030469-22-000007.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.