OFG Bancorp Reports 1Q21 Results

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Go back to OFG Bancorp Reports 1Q21 Results

OFG Bancorp (OFG) Tops Q1 EPS by 12c, Revenues Beat

April 21, 2021 7:33 AM EDT

OFG Bancorp (NYSE: OFG) reported Q1 EPS of $0.56, $0.12 better than the analyst estimate of $0.44. Revenue for the quarter came in at $127.7 million versus the consensus estimate of $99.55 million.

1Q21 Highlights

Earnings: EPS diluted was $0.56 compared to $0.42 in 4Q20 and $0.00 in 1Q20, which was the first quarter to be impacted by the pandemic.Revenues: Total core revenues were $127.7 million compared to $132.8 million in 4Q20. 4Q20 benefited from $3.9 million in seasonal annual insurance commissions, $2.0 million in mortgage sales held back from 3Q20, and $3.1 million interest income from acquired loan pre-payments. 1Q21 included $1.6 million in... More