OFG Bancorp (OFG) Tops Q1 EPS by 9c

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Go back to OFG Bancorp (OFG) Tops Q1 EPS by 9c

OFG Bancorp Reports 1Q18 Results

April 20, 2018 7:30 AM EDT

SAN JUAN, Puerto Rico--(BUSINESS WIRE)-- OFG Bancorp (NYSE: OFG) today reported results for the first quarter ended March 31, 2018, reflecting continued strong recovery following hurricanes Irma and Maria, which struck the island in September 2017.

1Q18 Summary

Net income available to shareholders was $13.5 million, or $0.29 per fully diluted share. This was in line with 4Q17s $13.6 million, or $0.30 per share, and exceeded the year ago quarters $11.7 million, or $0.26 per share. Return on average assets and average tangible common equity was 1.09% and 7.73%, respectively.... More