OFG Bancorp 4Q23 EPS $0.98, FY23 EPS $3.83; record loans and deposits

OFG BANCORP

2023-FY EPS reported $3.83

EPS diluted $0.98 in 4Q23 vs $0.95 in 3Q23 and $0.97 in 4Q22; FY23 EPS $3.83 vs $3.44.
Total core revenues $175.6M in 4Q23, up from $172.2M in 3Q23; FY23 $682.7M vs $607.8M.
Record loans $7.53B (+10.2% YoY), customer deposits $9.60B (+12.1% YoY), and tangible common equity >$1B.
Tangible book value per share $23.13, up from $21.01 in 3Q23; CET1 ratio 14.12%.
Net interest margin 5.62%; nonperforming loan rate 1.22% – lowest in five quarters.

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 the year ended December 31, 2023 results: revenue $682.7 million, EPS $3.83.

Period: the year ended December 31, 2023
Revenue: $682.7 million
EPS: $3.83
Result: reported results

Exact text from the filing

Full Year 2023: EPS diluted of $3.83 compared to $3.44 in 2022. Total core revenues of $682.7 million compared to $607.8 million.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OFG BANCORP reported the quarter ended December 31, 2023 results: revenue $175.6 million, EPS $0.98.

Period: the quarter ended December 31, 2023
Revenue: $175.6 million
EPS: $0.98
Result: reported results

Exact text from the filing

4Q23: EPS diluted of $0.98 compared to $0.95 in 3Q23 and $0.97 in 4Q22. Total core revenues of $175.6 million compared to $172.2 million in 3Q23 and $168.3 million in 4Q22.

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OFG BANCORP filing history →

Source: SEC EDGAR

accession 0001030469-24-000004

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