OFG Bancorp Q4 2022 EPS $0.97, core revenues $168.3M, NIM expands to 5.69%

OFG BANCORP

2022-FY EPS reported $3.44

Diluted EPS $0.97 vs $0.87 in Q3 and $0.66 in Q4 2021; full year EPS $3.44 vs $2.81.
Total core revenues $168.3M, up 7.3% QoQ; net interest margin 5.69% vs 5.23% in Q3.
Loans held for investment $6.84B, up 2.3% QoQ; new loan origination $616.4M, record auto loans $221.4M.
Tangible book value per share $19.56 vs $18.46 in Q3; CET1 ratio 13.64%.
Net interest income $135.3M vs $126.5M in Q3; provision for credit losses $8.8M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.92

OFG BANCORP reported the quarter and year ended December 31, 2022 results: revenue Total core revenues of $168.3 million, EPS EPS diluted of $0.97.

Period: the quarter and year ended December 31, 2022
Revenue: Total core revenues of $168.3 million
EPS: EPS diluted of $0.97
Result: reported results

Exact text from the filing

OFG Bancorp Reports 4Q22 & 2022 Results SAN JUAN, Puerto Rico, January 26, 2023 – OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, reported results for the fourth quarter and year ended December 31, 2022. Summary 4Q22 : EPS diluted of $0.97 compared to $0.87 in 3Q22 and $0.66 in 4Q21. Total core revenues of $168.3 million compared to $156.8 million in 3Q22 and $141.0 million in 4Q21.

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Source: SEC EDGAR

accession 0001030469-23-000003

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