earnings
confidence high
sentiment positive
materiality 0.75
OFG Bancorp Q2 EPS $1.08 beats prior year; core revenues up 5% YoY; buyback progress
OFG BANCORP
2024-Q2 EPS reported
$2.13
- EPS diluted $1.08 (up 16% YoY); core revenues $179.4M (+5.2% YoY); net interest margin 5.51%.
- Loans held for investment grew 1.3% QoQ to $7.64B; new loan production $589M; credit quality stable.
- CET1 ratio 14.29%; tangible book value $24.18 per share; bought $24.3M shares under $50M buyback program.