secwatch.observer — SEC 8-K summary
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Issuer:     OFG BANCORP (OFG)
CIK:        0001030469
Form:       8-K
Filed at:   2022-04-21T23:59:59+00:00
Accession:  0001030469-22-000019
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1030469/000103046922000019/0001030469-22-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1030469/000103046922000019/ofg-20220421.htm
  HTML page:      https://secwatch.observer/filing/0001030469-22-000019

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