{"schema_version":"secwatch.filing_event.v1","accession":"0001030469-23-000013","form_type":"8-K","ticker":"OFG","cik":"0001030469","company_name":"OFG BANCORP","filed_at":"2023-04-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.682965+00:00","generated_at":"2026-06-16T22:06:25.782537+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"OFG Bancorp Q1 EPS $0.96; net interest margin 5.89%; CET1 ratio 14.07%","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001030469-23-000013","json":"https://secwatch.observer/filing/0001030469-23-000013.json","markdown":"https://secwatch.observer/filing/0001030469-23-000013.md","text":"https://secwatch.observer/filing/0001030469-23-000013.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1030469/000103046923000013/0001030469-23-000013-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1030469/000103046923000013/ofg-20230420.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T22:06:25.782537+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ac16c9cffbd57ceaea022bb32bf469d2415096f8","claim":"OFG BANCORP reported first quarter ended March 31, 2023 results: revenue $164.4 million, EPS $0.96.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1030469/000103046923000013/0001030469-23-000013-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$164.4 million"},{"label":"EPS","value":"$0.96"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}