secwatch.observer — SEC 8-K summary
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Issuer:     OFG BANCORP (OFG)
CIK:        0001030469
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0001030469-24-000028
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1030469/000103046924000028/0001030469-24-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1030469/000103046924000028/ofg-20240718.htm
  HTML page:      https://secwatch.observer/filing/0001030469-24-000028

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer