OFG Bancorp (OFG) came out with quarterly earnings of $1 per share, missing the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $0.95 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -6.54%. A quarter ago, it was expected that this financial holding company would post earnings of $0.97 per share when it actually produced earnings of $1.08, delivering a surprise of 11.34%. Over the last four quarters, t ...

Exhibit 99 OFG Bancorp Reports 3Q24 Results SAN JUAN, Puerto Rico, October 16, 2024 – OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, today reported results for the third quarter ended September 30, 2024. EPS diluted of $1.00 compared to $1.08 in 2Q24 and $0.95 in 3Q23. Total core revenues of $174.1 million compared to $179.4 million in 2Q24 and $172.2 million in 3Q23. CEO Comment José Rafael Fernández, Chief Executive Officer, said: "The third quarter was another solid quarter of ...

Group 1 - OFG Bancorp's earnings are expected to grow strongly due to decent loan growth [1] - The net interest margin is likely to dip slightly, which may restrict earnings growth [1] - Overall earnings growth is anticipated to be 9%, reaching $4.19 per share [1]

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OFG Bancorp (OFG) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Individ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission File Number: 001-12647 OFG Bancorp (Exact name of registrant as specified in its charter) Commonwealth of Puerto Ri ...

OFG Bancorp (NYSE:OFG) Q2 2024 Earnings Conference Call July 18, 2024 10:00 AM ET Company Participants Jose Rafael Fernandez - Chairman and Chief Executive Officer Maritza Arizmendi - Chief Financial Officer Cesar Ortiz - Chief Risk Officer Conference Call Participants Timur Braziler - Wells Fargo Brett Rabatin - Hovde Group Kelly Motta - KBW Operator Good morning. Thank you for joining OFG Bancorp's Conference Call. My name is Savannah, I will be your operator today. Our speakers are Jose Rafael Fernández, ...

Time Savings Demand 6/30/24 ■ Increase ■ Decrease ■ Total 14 OFGBancorp 2Q24 Deposit Balance Evolution: Retail vs. Commercial, Ex-Public Funds ($M) ■ Increase ■ Decrease ■ Total $7,984 12/31/23 $125 $8,028 $20 $7,956 $(48) $(53) Retail 3/31/24 Retail Commercial Commercial 6/30/24 12 Residential Mortgage Loans ($M) $1,669 $1,622 $1,604 $1,563 $1,519 $1,485 3/31/23 6/30/23 9/30/23 12/31/23 3/31/24 6/30/24 Portfolio New Loan Origination NPLs (excludes PCD) NCO Rate $20 $19 $17 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 $31 ...

This quarterly report represents an earnings surprise of 11.34%. A quarter ago, it was expected that this financial holding company would post earnings of $0.95 per share when it actually produced earnings of $1.05, delivering a surprise of 10.53%. OFG shares have added about 14.9% since the beginning of the year versus the S&P 500's gain of 17.2%. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does th ...

José Rafael Fernández, Chief Executive Officer, said: "The second quarter continued to demonstrate the strength of our strategies and franchise. EPS-diluted increased 16.1% year-over-year on a 5.2% increase in total core revenues. We generated strong performance metrics through consistent growth; increased loans, deposits, and non-interest income; and stable credit quality. Our 'Digital First' strategy continues to help us expand our retail and business relationships through new and upgraded products, servi ...