OFG Bancorp Q1 EPS $1.05, up 9.4% YoY; core revenues $174.2M, NIM 5.40%

OFG BANCORP

2024-Q1 EPS reported $1.05

EPS diluted $1.05 vs $0.96 in 1Q23; total core revenues $174.2M, up 5.9% YoY.
Net interest margin 5.40%, return on avg tangible common equity 17.92%, efficiency ratio 52.49%.
CET1 ratio improved to 14.45%; tangible book value $23.55 per share vs $20.57 in 1Q23.
Loans held for investment $7.54B, up 10.0% YoY; net charge-offs $19.8M (includes $3.5M fully reserved PPP loans).
Nonperforming loan rate 1.10%, lowest in five quarters; early delinquency 2.41%.

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 first quarter ended March 31, 2024 results: EPS $1.05.

Period: first quarter ended March 31, 2024
EPS: $1.05
Result: reported results

Exact text from the filing

EPS diluted of $1.05 compared to $0.98 in 4Q23 and $0.96 in 1Q23.

View on SEC.gov

1341 earnings releases filed in the last 30 days. Browse all earnings releases →

OFG BANCORP filing history →

Source: SEC EDGAR

accession 0001030469-24-000015

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.