secwatch.observer — SEC 8-K summary
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Issuer:     OFG BANCORP (OFG)
CIK:        0001030469
Form:       8-K
Filed at:   2025-07-17T23:59:59+00:00
Accession:  0001030469-25-000033
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OFG Bancorp 2Q25 EPS $1.15 beats $1.08 YoY; core revenue $182.2M, NIM 5.31%
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- Diluted EPS of $1.15 vs $1.08 in 2Q24 and $1.00 in 1Q25; total core revenues $182.2M (+1.5% YoY).
- Net interest margin 5.31%; return on average assets 1.73%; efficiency ratio 52.04%.
- Loans held for investment $8.18B (+7.08% YoY); new loan production $783.7M, up from $589M in 2Q24.
- CET1 ratio 13.99%; tangible book value per share $27.67 vs $24.18 a year ago.
- Record assets of $12.2B; core deposits $9.9B; net charge-offs 0.64% of average loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1030469/000103046925000033/0001030469-25-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1030469/000103046925000033/ofg-20250717.htm
  HTML page:      https://secwatch.observer/filing/0001030469-25-000033

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