---
schema_version: "secwatch.filing_event.v1"
accession: "0001030469-22-000019"
form_type: "8-K"
ticker: "OFG"
cik: "0001030469"
company_name: "OFG BANCORP"
filed_at: "2022-04-21T23:59:59+00:00"
generated_at: "2026-06-26T05:34:01.932904+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# OFG Bancorp Q1 EPS $0.76 beats prior quarters; NIM expands to 4.47%

## Summary
- Diluted EPS of $0.76 vs $0.66 in 4Q21 and $0.56 in 1Q21.
- Core revenues $136.4M vs $141.0M in 4Q21; Net interest income $105.2M.
- Net interest margin expanded to 4.47% from 4.18% in 4Q21.
- Loans held for investment grew $145.4M from 4Q21 to $6.55B; deposits up $375.1M to $8.97B.
- Credit quality improved: net charge-off rate 0.04%; repurchased $33.5M shares.

## SEC filing metadata
- accession: 0001030469-22-000019
- form_type: 8-K
- ticker: OFG
- cik: 0001030469
- company_name: OFG BANCORP
- filed_at: 2022-04-21T23:59:59+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/1030469/000103046922000019/0001030469-22-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1030469/000103046922000019/ofg-20220421.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001030469-22-000019
- JSON: https://secwatch.observer/filing/0001030469-22-000019.json
- Plain text: https://secwatch.observer/filing/0001030469-22-000019.txt

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