OFG Bancorp (OFG) Reports In-Line Q1 EPS

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OFG Bancorp Reports 1Q16 Results

April 22, 2016 7:30 AM EDT

SAN JUAN, Puerto Rico--(BUSINESS WIRE)-- OFG Bancorp (NYSE: OFG) today reported results for the first quarter ended March 31, 2016.

1Q16 Highlights

Net income available to shareholders amounted to $10.7 million, or $0.24 per share fully diluted. This compares to a loss of $4.4 million, or ($0.10) per share, in the preceding quarter, and a loss of $6.5 million, or ($0.14) per share, in the same quarter a year ago. Oriental Banks retail franchise continued to grow. New loan generation at $226 million, with commercial lending leading the way, remained at high levels. Total... More