OFG Bancorp Q2 EPS $0.93, core revenues $170.5M, NIM 5.90%, loan production $691.8M

OFG BANCORP

2023-Q2 EPS reported $1.89

EPS diluted $0.93 vs $0.84 in 2Q22; core revenues $170.5M, up 16.5% YoY.
Net interest income $139.6M, up from $115.1M YoY; net interest margin 5.90%.
New loan production $691.8M, up 23% YoY; loans held for investment $7.12B.
Repurchased 565,299 shares in quarter; CET1 ratio 14.01%, tangible book value $21.06.
Provision for credit losses $15.0M, including $9.1M specific reserve for three US commercial loans.

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 0.99

OFG BANCORP reported the second quarter ended June 30, 2023 results: revenue $170.5 million, EPS $0.93.

Period: the second quarter ended June 30, 2023
Revenue: $170.5 million
EPS: $0.93
Result: reported results

Exact text from the filing

OFG Bancorp Reports 2Q23 Results SAN JUAN, Puerto Rico, July 20, 2023 – OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, reported results for the second quarter ended June 30, 2023. EPS diluted of $0.93 compared to $0.96 in 1Q23 and $0.84 in 2Q22. Total core revenues of $170.5 million compared to $164.4 million in 1Q23 and $146.3 million in 2Q22.

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Source: SEC EDGAR

accession 0001030469-23-000029

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