OFG Bancorp Q1 EPS $0.96; net interest margin 5.89%; CET1 ratio 14.07%

OFG BANCORP

2023-Q1 EPS reported $0.96

Diluted EPS of $0.96 vs $0.97 in 4Q22 and $0.76 in 1Q22; core revenues $164.4M.
Net interest margin 5.89%; net interest income $135.9M, up from $105.2M YoY.
CET1 ratio improved to 14.07% from 13.64% in 4Q22; tangible book value $20.57 per share.
Customer deposits stable at $8.57B; borrowed $200M from FHLB, increasing borrowings to $226.8M.
Provision for credit losses $9.4M vs $1.6M in 1Q22; net charge-offs $10.1M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OFG BANCORP reported first quarter ended March 31, 2023 results: revenue $164.4 million, EPS $0.96.

Period: first quarter ended March 31, 2023
Revenue: $164.4 million
EPS: $0.96
Result: reported results

Exact text from the filing

EPS diluted of $0.96 compared to $0.97 in 4Q22 and $0.76 in 1Q22. Total core revenues of $164.4 million compared to $168.3 million in 4Q22 and $136.4 million in 1Q22.

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Source: SEC EDGAR

accession 0001030469-23-000013

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