OFG Bancorp (OFG) Tops Q2 EPS by 5c

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Go back to OFG Bancorp (OFG) Tops Q2 EPS by 5c

OFG Bancorp Reports 2Q23 Results

July 20, 2023 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 second quarter ended June 30, 2023. EPS diluted of $0.93 compared to $0.96 in 1Q23 and $0.84 in 2Q22. Total core revenues of $170.5 million compared to $164.4 million in 1Q23 and $146.3 million in 2Q22.

CEO Comment

José Rafael Fernández, Chief Executive Officer, said: The second quarter generated year-over-year increases of 16.5% in total core revenues and 10.7% in earnings per share. The period was highlighted by strong loan production, stable core deposits along with low cumulative deposit... More