---
schema_version: "secwatch.filing_event.v1"
accession: "0001030469-24-000004"
form_type: "8-K"
ticker: "OFG"
cik: "0001030469"
company_name: "OFG BANCORP"
filed_at: "2024-01-24T23:59:59+00:00"
generated_at: "2026-06-06T18:58:37.959178+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001030469-24-000004
- form_type: 8-K
- ticker: OFG
- cik: 0001030469
- company_name: OFG BANCORP
- filed_at: 2024-01-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1030469/000103046924000004/0001030469-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1030469/000103046924000004/ofg-20240124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001030469-24-000004
- JSON: https://secwatch.observer/filing/0001030469-24-000004.json
- Plain text: https://secwatch.observer/filing/0001030469-24-000004.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1030469/000103046924000004/0001030469-24-000004-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1030469/000103046924000004/0001030469-24-000004-index.htm

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