secwatch.observer — SEC 8-K summary
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Issuer:     OFG BANCORP (OFG)
CIK:        0001030469
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0001030469-23-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1030469/000103046923000003/0001030469-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1030469/000103046923000003/ofg-20230126.htm
  HTML page:      https://secwatch.observer/filing/0001030469-23-000003

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