---
schema_version: "secwatch.filing_event.v1"
accession: "0001030469-23-000029"
form_type: "8-K"
ticker: "OFG"
cik: "0001030469"
company_name: "OFG BANCORP"
filed_at: "2023-07-20T23:59:59+00:00"
generated_at: "2026-06-13T05:20:44.041478+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001030469-23-000029
- form_type: 8-K
- ticker: OFG
- cik: 0001030469
- company_name: OFG BANCORP
- filed_at: 2023-07-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1030469/000103046923000029/0001030469-23-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1030469/000103046923000029/ofg-20230720.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001030469-23-000029
- JSON: https://secwatch.observer/filing/0001030469-23-000029.json
- Plain text: https://secwatch.observer/filing/0001030469-23-000029.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1030469/000103046923000029/0001030469-23-000029-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.