secwatch.observer — SEC 8-K summary
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Issuer:     OFG BANCORP (OFG)
CIK:        0001030469
Form:       8-K
Filed at:   2025-04-23T23:59:59+00:00
Accession:  0001030469-25-000012
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OFG Bancorp Q1 2025 EPS $1.00, down from $1.05 YoY; core revenue up 2.4%
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- EPS diluted $1.00 vs $1.05 in Q1 2024; total core revenues $178.3M vs $174.2M YoY.
- Loans held for investment $7.85B (+0.8% QoQ); customer deposits $9.76B (+$308M QoQ).
- Provision for credit losses $25.7M vs $15.1M YoY; net charge-offs 1.05% of avg loans.
- CET1 ratio 14.27%; tangible book value per share $26.66, up 13.2% YoY.
- Repurchased $23.4M common shares; increased quarterly common dividend by 20%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1030469/000103046925000012/0001030469-25-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1030469/000103046925000012/ofg-20250423.htm
  HTML page:      https://secwatch.observer/filing/0001030469-25-000012

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