OFG Bancorp Reports 4Q19 & 2019 Results; Updates on Scotia PR & USVI Acquisition
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OFG Bancorp (OFG) Misses Q4 EPS by 21c
January 29, 2020 7:37 AM ESTOFG Bancorp (NYSE: OFG) reported Q4 EPS of $0.11, $0.21 worse than the analyst estimate of $0.32.
4Q19
OFG reported a net loss to shareholders of $2.3 million, or ($0.04) per share, which included $21.5 million in acquisition related merger and restructuring charges and $6.6 million in additional provision for non-performing loans the Company decided to sell in 3Q19.4Q19 compares to 3Q19 net income available to shareholders of $5.8 million, or $0.11 per share fully diluted, and 4Q18 net income of $23.1 million, or $0.45 per share.4Q19 core operations were strong, with net interest margin of 5.35% and loan... More