secwatch.observer — SEC 8-K summary
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Issuer:     OFG BANCORP (OFG)
CIK:        0001030469
Form:       8-K
Filed at:   2022-10-20T23:59:59+00:00
Accession:  0001030469-22-000038
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OFG Bancorp Q3 2022 EPS $0.87, core revenue up 7.2% QoQ; dividend raised to $0.20
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- Diluted EPS $0.87 vs $0.84 in Q2 2022 and $0.81 in Q3 2021.
- Core revenues $156.8M (+7.2% QoQ); net interest margin 5.23% vs 4.80% in Q2.
- Quarterly dividend increased to $0.20 per share from $0.15 in Q2 2022.
- Provision for credit losses $7.1M; net charge-offs $11.3M, including $6.6M on two commercial loans.
- CET1 ratio 13.34% (up from 12.80% in Q2); tangible book value per share $18.46.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1030469/000103046922000038/0001030469-22-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1030469/000103046922000038/ofg-20221020.htm
  HTML page:      https://secwatch.observer/filing/0001030469-22-000038

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