---
schema_version: "secwatch.filing_event.v1"
accession: "0001030469-22-000031"
form_type: "8-K"
ticker: "OFG"
cik: "0001030469"
company_name: "OFG BANCORP"
filed_at: "2022-07-21T23:59:59+00:00"
generated_at: "2026-06-24T09:47:54.633301+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# OFG Bancorp 2Q22 EPS $0.84, revenue up, net interest margin expands to 4.80%

## Summary
- Diluted EPS of $0.84 vs $0.76 in 1Q22 and $0.78 in 2Q21; core revenues of $146.3M vs $136.4M and $133.3M.
- Net interest income $115.1M (up from $105.2M in 1Q22); NIM expanded to 4.80% from 4.47% on loan growth and FRB rate hikes.
- Loans held for investment $6.70B, up $154.7M from 1Q22; customer deposits $9.02B with core deposits growing $51.3M.
- Repurchased $30.6M of shares in Q2, completing $64.1M of the $100M buyback program; CET1 ratio 12.80%.
- Provision for credit losses $6.7M (vs $1.6M in 1Q22) due to loan growth and two commercial non-accrual loans.

## SEC filing metadata
- accession: 0001030469-22-000031
- form_type: 8-K
- ticker: OFG
- cik: 0001030469
- company_name: OFG BANCORP
- filed_at: 2022-07-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1030469/000103046922000031/0001030469-22-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1030469/000103046922000031/ofg-20220721.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001030469-22-000031
- JSON: https://secwatch.observer/filing/0001030469-22-000031.json
- Plain text: https://secwatch.observer/filing/0001030469-22-000031.txt

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