---
schema_version: "secwatch.filing_event.v1"
accession: "0001030469-24-000028"
form_type: "8-K"
ticker: "OFG"
cik: "0001030469"
company_name: "OFG BANCORP"
filed_at: "2024-07-18T23:59:59+00:00"
generated_at: "2026-05-31T19:28:40.814450+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# OFG Bancorp Q2 EPS $1.08 beats prior year; core revenues up 5% YoY; buyback progress

## Summary
- 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.

## SEC filing metadata
- accession: 0001030469-24-000028
- form_type: 8-K
- ticker: OFG
- cik: 0001030469
- company_name: OFG BANCORP
- filed_at: 2024-07-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1030469/000103046924000028/0001030469-24-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1030469/000103046924000028/ofg-20240718.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001030469-24-000028
- JSON: https://secwatch.observer/filing/0001030469-24-000028.json
- Plain text: https://secwatch.observer/filing/0001030469-24-000028.txt

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