OFG Bancorp (OFG) Tops Q1 EPS by 13c

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Go back to OFG Bancorp (OFG) Tops Q1 EPS by 13c

OFG Bancorp Reports 1Q22 Results

April 21, 2022 7:30 AM EDT

SAN JUAN, Puerto Rico--(BUSINESS WIRE)-- OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, reported results for the first quarter ended March 31, 2022. EPS diluted was $0.76 compared to $0.66 in 4Q21 and $0.56 in 1Q21. Total core revenues were $136.4 million compared to $141.0 million in 4Q21 and $127.7 million in 1Q21.

CEO Comment

José Rafael Fernández, Chief Executive Officer, said: We had a great start to 2022. During the first quarter, our core business demonstrated strong momentum. We experienced solid loan and deposit growth, NIM expansion, and lower provision. Total assets reached $10.2 billion,... More