secwatch.observer — SEC 8-K summary
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Issuer:     OFG BANCORP (OFG)
CIK:        0001030469
Form:       8-K
Filed at:   2024-10-16T23:59:59+00:00
Accession:  0001030469-24-000037
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1030469/000103046924000037/0001030469-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1030469/000103046924000037/ofg-20241016.htm
  HTML page:      https://secwatch.observer/filing/0001030469-24-000037

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