secwatch.observer — SEC 8-K summary
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Issuer:     OFG BANCORP (OFG)
CIK:        0001030469
Form:       8-K
Filed at:   2025-01-22T23:59:59+00:00
Accession:  0001030469-25-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OFG Bancorp Q4 EPS $1.09, full-year $4.23; core revenue up 3.6% YoY
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- Q4 diluted EPS $1.09 vs $1.00 in Q3 and $0.98 in Q4 2023; full-year 2024 EPS $4.23 vs $3.83 in 2023.
- Q4 total core revenues $181.9M, up from $174.1M in Q3 and $175.6M in Q4 2023; NIM 5.40%.
- Provision for credit losses $30.2M included $7.6M specific reserve on four U.S. commercial loans and $5.7M qualitative reserve for auto delinquencies.
- Bought back $45.9M of shares in Q4; $29.7M remaining authorization; CET1 ratio 14.26%.
- Tangible book value per share $25.43 vs $26.15 in Q3, reflecting buybacks and lower OCI.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1030469/000103046925000003/0001030469-25-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1030469/000103046925000003/ofg-20250122.htm
  HTML page:      https://secwatch.observer/filing/0001030469-25-000003

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