secwatch.observer — SEC 8-K summary
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Issuer:     OFG BANCORP (OFG)
CIK:        0001030469
Form:       8-K
Filed at:   2023-07-20T23:59:59+00:00
Accession:  0001030469-23-000029
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1030469/000103046923000029/0001030469-23-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1030469/000103046923000029/ofg-20230720.htm
  HTML page:      https://secwatch.observer/filing/0001030469-23-000029

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