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 has declared a quarterly cash dividend of
OFG Bancorp reported its third-quarter results for 2021, showing strong growth in net income and loan origination. New loan origination reached $556 million, and net interest income increased. Customer deposits rose by $154 million, while non-interest expenses fell by 5%. The provision for credit losses recorded a net benefit of $5 million, indicating improved asset quality. Earnings per share increased to $0.81, reflecting a solid performance against previous quarters.
OFG Bancorp (NYSE: OFG) is set to release its third quarter 2021 financial results on Wednesday, October 20, 2021, prior to market opening. A conference call will follow at 10:00 AM ET.
- Participant Toll-Free Phone Number: (877) 876-9174
- International Phone Number: (785) 424-1669
- Conference ID: OFGQ321
The call will also be available live on OFG’s website, with a replay accessible shortly after.
OFG Bancorp (NYSE: OFG) has authorized a new stock repurchase program worth $50 million, replacing the previous plan. This initiative is part of the company's ongoing capital actions for 2021. The repurchase reflects OFG's commitment to enhancing shareholder value and indicates confidence in its financial health.
OFG Bancorp (NYSE: OFG) has announced a 50% increase in its regular quarterly cash dividend, raising it from $0.08 to $0.12 per common share for the quarter ending September 30, 2021. This dividend is payable on October 15, 2021 to shareholders of record as of September 30, 2021, with an ex-dividend date of September 29, 2021.
OFG Bancorp, now in its 57th year, operates under U.S. and Puerto Rico banking regulations, offering a diverse range of financial products through its subsidiaries.
OFG Bancorp (NYSE: OFG) announced strong second quarter results for the period ending June 30, 2021. Earnings per share increased to $0.78 from $0.56 in the previous quarter and $0.39 year-over-year. New loan origination surged by 27.7%, totaling $673.6 million, while interest income saw a 2.2% rise to $113.5 million. The provision for credit losses benefited by $8.3 million due to improved asset quality, with net charge-offs at a low 0.13%. Despite a slight decline in net interest margin to 4.22%, the tangible book value per share rose to $18.13, reflecting positive capital management.
OFG Bancorp (NYSE: OFG) is set to release its second quarter 2021 financial results on Wednesday, July 21, 2021, before the market opens. A conference call will follow at 10:00 AM ET. Participants can join via the toll-free number (888) 562-3356 or the international line (973) 582-2700, using conference ID 573-9736. The call will also be available through OFG’s website at www.ofgbancorp.com, with a replay expected shortly after.
OFG Bancorp has operated for 57 years, providing various financial services primarily in Puerto Rico and the U.S. Virgin Islands.
OFG Bancorp (NYSE: OFG) has declared a regular quarterly cash dividend of $0.08 per common share for the quarter ending June 30, 2021. The dividend will be paid on July 15, 2021, to shareholders of record as of June 30, 2021, with an ex-dividend date set for June 29, 2021.
OFG Bancorp operates under U.S., Puerto Rico, and U.S. Virgin Islands banking regulations, with subsidiaries providing a wide range of financial services. This marks a consistent return of value to shareholders as the company approaches its 57th year in business.
OFG Bancorp (NYSE: OFG) reported robust first-quarter results for 2021, aided by federal stimulus and economic recovery in Puerto Rico. Key achievements include a 33% rise in EPS to $0.56, and improved loan metrics with new loan originations of $527.6 million. Total deposits surged to $8.72 billion, while non-interest expenses dropped to $77.7 million. The capital structure was enhanced by a 14% dividend increase and the redemption of preferred stock. Overall, performance metrics reflect strong core operations, positioning OFG well for ongoing economic revival.
OFG Bancorp (NYSE: OFG) is set to report its first quarter 2021 financial results on April 21, 2021, before the market opens. A conference call will follow at 10:00 AM ET. Participants can join the call via a toll-free line at (888) 562-3356 or internationally at (973) 582-2700, using the conference ID 319-4111. The call will also be streamed live on OFG’s website, with a replay available soon after. The financial holding company, operating for over 57 years, provides various banking and financial services primarily in Puerto Rico and the U.S. Virgin Islands.
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