OFG Bancorp: Maintaining A Buy Rating With A Flattish Earnings Outlook

Earnings of OFG Bancorp (NYSE: OFG ) will likely remain flattish this year. Anticipated loan growth and provisioning expense normalization will lift earnings. On the other hand, a decline in the net interest margin and operating expense growth will restrain earnings. I’m expecting the companyAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and i ...