OFG Bancorp Q3 2024 EPS $1.00, core revenues $174.1M, up 1.1% YoY

OFG BANCORP

2024-Q3 EPS reported $3.14

Diluted EPS $1.00 vs $0.95 in 3Q23; net interest margin 5.43%.
Total core revenues $174.1M (+1.1% YoY); pre-provision net revenues $83.1M.
Provision for credit losses $21.4M vs $15.6M in 2Q24; net charge-offs 0.90% of avg loans.
Loans held for investment $7.75B (+6.7% YoY); customer deposits $9.53B.
CET1 ratio 14.37%; tangible book value per share $26.15 (+$5.14 YoY).

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