OFG Bancorp (OFG) Tops Q3 EPS by 1c

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Go back to OFG Bancorp (OFG) Tops Q3 EPS by 1c

OFG Bancorp Reports 3Q22 Results

October 20, 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 third quarter ended September 30, 2022. EPS diluted was $0.87 compared to $0.84 in 2Q22 and $0.81 in 3Q21. Total core revenues were $156.8 million compared to $146.3 million in 2Q22 and $134.7 million in 3Q21. The regular quarterly cash dividend was increased to $0.20 per common share in 3Q22 from $0.15 in 2Q22 and $0.12 in 3Q21.

CEO Comment

José Rafael Fernández, Chief Executive Officer, said: This was OFGs strongest quarter year to date, driven by total core revenue growth... More