OFG Bancorp (OFG) Misses Q4 EPS by 3c, Revenues Beat

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OFG Bancorp Reports 4Q20 & 2020 Results

January 25, 2021 7:30 AM EST

SAN JUAN, Puerto Rico--(BUSINESS WIRE)-- OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, reported results for the fourth quarter and year ended December 31, 2020.

CEO Comment

José Rafael Fernández, President, Chief Executive Officer, and Vice Chairman of the Board, said: We had another quarter of strong performance in our core businesses, reflecting our larger scale, solid levels of new loan production, lower cost of funds, higher non-interest income, and reduced expenses.

On a macro-basis, we are benefitting from the improved economic environment in... More