UPDATE: OFG Bancorp (OFG) Tops Q4 EPS by 3c

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Go back to UPDATE: OFG Bancorp (OFG) Tops Q4 EPS by 3c

OFG Bancorp Reports 4Q18 & 2018 Results

January 22, 2019 7:30 AM EST

SAN JUAN, Puerto Rico--(BUSINESS WIRE)-- OFG Bancorp (NYSE: OFG) reported results for the fourth quarter and year ended December 31, 2018.

4Q18 Summary

Net income available to shareholders of $23.1 million or $0.45 per fully diluted share compared to 3Q18s $19.6 million or $0.42 per share and 4Q17s $13.6 million or $0.30 per share. Originated loan growth of 3.0% from the preceding quarter to $3.66 billion, with new loan production of $323.0 million, continuing to exceed $300 million for the fourth consecutive quarter. Strong performance metrics, with net interest margin of 5.26%, return on... More