Welcome to our dedicated page for OFG BANCORP news (Ticker: OFG), a resource for investors and traders seeking the latest updates and insights on OFG BANCORP stock.
OFG Bancorp (symbol: OFG) is a prominent financial holding company headquartered in Dallas, Texas, United States. Through its comprehensive network of subsidiaries, OFG Bancorp delivers a wide array of banking and financial services, catering primarily to the needs of clients in Puerto Rico. The company operates through three main segments: Banking, Wealth Management, and Treasury.
The Banking segment encompasses a variety of services including commercial, consumer, auto, and mortgage lending, along with checking and savings accounts. This segment aims to provide robust financial solutions to both individual consumers and businesses, ensuring reliable access to credit and efficient management of financial assets.
The Wealth Management segment offers an extensive range of financial planning, insurance, investment brokerage, and corporate and individual trust and retirement services. This segment focuses on helping clients strategically manage their wealth, plan for retirement, and safeguard their financial future through well-informed investment choices and personalized advisory services.
The Treasury segment deals with the company's asset-liability management, funding activities, and investment portfolio management. This segment aims to optimize the company's financial performance by managing liquidity and mitigating risks associated with interest rates and currency fluctuations.
OFG Bancorp's recent achievements include expanding their digital banking services, forming strategic partnerships to enhance service offerings, and consistently delivering strong financial performance. Their commitment to innovation and customer-centric approach has established them as a leading financial institution in the region.
The company's dedication to maintaining a solid financial foundation is evident in its consistent profitability and prudent risk management practices. As a result, OFG Bancorp continues to earn the trust of its clients and stakeholders alike.
OFG Bancorp (NYSE: OFG) announces a 33% increase in its quarterly cash dividend, raising it to
OFG Bancorp (NYSE: OFG) reported strong second-quarter results for the period ending June 30, 2022. EPS diluted increased to $0.84, up from $0.76 in Q1 2022 and $0.78 in Q2 2021. Total core revenues reached $146.3 million, compared to $136.4 million in Q1 2022. Key highlights include a net interest income of $115.1 million and significant growth in loans and deposits. Non-interest expenses rose to $85.3 million, driven by compliance and technology costs. Despite challenges, the Puerto Rico economy shows positive trends.
OFG Bancorp (NYSE: OFG) will announce its second quarter 2022 financial results on July 21, 2022, before the market opens. A conference call is scheduled for 10:00 AM ET the same day. Investors can participate via phone using the toll-free number (800) 459-5346 or the international number (203) 518-9544, with Conference ID OFGQ222. The call will also be streamed live on the company's website. OFG Bancorp has been operational for 58 years, offering various banking and financial services primarily in Puerto Rico and the U.S. Virgin Islands.
OFG Bancorp (NYSE: OFG) has declared a quarterly cash dividend of $0.15 per common share for the quarter ending June 30, 2022. This dividend will be payable on July 15, 2022 to shareholders on record as of June 30, 2022, with an ex-dividend date set for June 29, 2022. Operating for 58 years, OFG Bancorp is a diversified financial holding company primarily serving Puerto Rico and the U.S. Virgin Islands through its subsidiaries, which include Oriental Bank, Oriental Financial Services, and Oriental Insurance.
OFG Bancorp (NYSE: OFG) reported its 1Q22 financial results, achieving an EPS diluted of $0.76, up from $0.66 in 4Q21 and $0.56 in 1Q21. Total core revenues reached $136.4 million, slightly down from $141.0 million in the prior quarter. Key highlights include a net interest income of $105.2 million and a net charge-off rate of 0.04%. Customer deposits grew to $8.97 billion, while loans held for investment rose to $6.55 billion. The bank's CET1 ratio stands at 13.24%, following a share buyback of $33.5 million.
OFG Bancorp (NYSE: OFG) will release its first quarter 2022 financial results on April 21, 2022, before market opening. A conference call is scheduled for the same day at 10:00 AM ET. Investors can join the call using the toll-free number (800) 459-5346 or internationally at (203) 518-9544 with the conference ID OFGQ122. The call will also be streamed live via OFG's website, with a replay available shortly after.
OFG Bancorp, in operation for 58 years, serves Puerto Rico and the U.S. Virgin Islands through its subsidiaries.
OFG Bancorp (NYSE: OFG) announced a new stock repurchase plan authorized by its Board of Directors, totaling $100 million. This buyback is part of the company’s capital actions for 2022, reflecting a commitment to enhance shareholder value. Established for 58 years, OFG Bancorp operates primarily in Puerto Rico and the U.S. Virgin Islands, offering diverse financial services through its subsidiaries.
OFG Bancorp announced a 25% increase in its quarterly cash dividend, raising it from
OFG Bancorp (NYSE: OFG) reported its fourth quarter and full-year results for 2021. The company posted diluted EPS of $0.66 in 4Q21, down from $0.81 in 3Q21 but up from $0.42 in 4Q20. Total core revenues rose to $141 million in 4Q21, driven by strong net interest income of $104.2 million. For the full year, EPS increased to $2.81 from $1.32 in 2020. Key highlights include a $65.5 million sale of past due loans, a CET1 ratio of 13.77%, and a tangible book value per share increase of 12.4% year-over-year.
OFG Bancorp (NYSE: OFG) is set to report its fourth quarter 2021 financial results on January 19, 2022, prior to market opening, followed by a conference call at 10:00 AM ET. Interested participants can join the call using the toll-free number (800) 459-5346 or internationally at (203) 518-9544. The conference ID is OFGQ421. The live call will also be accessible on the OFG Bancorp website, with a replay available shortly thereafter.
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