OFG Bancorp (OFG) Tops Q2 EPS by 9c
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OFG Bancorp Reports 2Q18 Results
July 20, 2018 7:30 AM EDTSAN JUAN, Puerto Rico--(BUSINESS WIRE)-- OFG Bancorp (NYSE: OFG) reported results for the second quarter ended June 30, 2018, reflecting the third straight quarter of continued strong recovery following hurricanes that struck the island in September 2017.
2Q18 Summary
Net income available to shareholders was $16.2 million, or $0.35 per fully diluted share, compared to 1Q18s $13.5 million and 2Q17s $13.6 million, equal to $0.30 per share, respectively. Average loan balances of $4.3 billion increased 3.0% from the preceding quarter as growth of originated loans is consistently outpacing the anticipated runoff of acquired loans.... More