OFG Bancorp (OFG) Misses Q3 EPS by 27c

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OFG Bancorp Reports 3Q17 Results

October 25, 2017 7:30 AM EDT

SAN JUAN, Puerto Rico--(BUSINESS WIRE)-- OFG Bancorp (NYSE: OFG) today reported results for the third quarter ended September 30, 2017. Results were significantly impacted by Hurricanes Irma and Maria, which struck the island on September 7 and 20, 2017, respectively.

3Q17 Summary

Net loss to shareholders was $146 thousand or $0.00 per share. This compares to a profit of $13.6 million, or $0.30 per share fully diluted, in 2Q17 and a profit of $11.7 million, or $0.26 per share fully diluted, in the year ago 3Q16. Tangible book value per common share was $15.49 and tangible... More