OFG Bancorp (OFG) Tops Q4 EPS by 1c

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Go back to OFG Bancorp (OFG) Tops Q4 EPS by 1c

OFG Bancorp Reports 4Q16 & 2016 Results

January 31, 2017 7:30 AM EST

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

4Q16 Highlights

Net income available to shareholders increased to $12.1 million, or $0.27 per share fully diluted, from $11.7 million, or $0.26 per share fully diluted, in 3Q16 and a loss of $4.4 million, or ($0.10) per share, in the year ago 4Q15. Compared to 3Q16, results included increases of 13.8% in net interest income after provision and 11.7% in banking and wealth management revenues, while non-interest expenses fell 4.6%.... More