OFG Bancorp (OFG) Misses Q4 EPS by 21c
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OFG Bancorp Reports 4Q19 & 2019 Results; Updates on Scotia PR & USVI Acquisition
January 29, 2020 7:30 AM ESTSAN JUAN, Puerto Rico--(BUSINESS WIRE)-- OFG Bancorp (NYSE: OFG) today reported results for 4Q19 and 2019, reflecting the previously announced acquisition of the Puerto Rico and U.S. Virgin Islands operations of The Bank of Nova Scotia (Scotiabank).
Due to the acquisition closing occurring at year-end, OFGs 4Q19 and 2019 income statements and credit quality metrics reflect pre-acquisition operations as well as acquisition related expenses, while the December 31, 2019 balance sheet and capital metrics reflect the newly acquired assets and liabilities.
4Q19
OFG reported a net loss to shareholders... More