OFG Bancorp (OFG) Misses Q1 Earnings Estimates

Company Performance - OFG Bancorp reported quarterly earnings of $1 per share, missing the Zacks Consensus Estimate of$ 1.02 per share, and down from $1.05 per share a year ago, representing an earnings surprise of -1.96% [1] - The company posted revenues of$ 178.59 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.86% and up from $174.16 million year-over-year [2] - Over the last four quarters, OFG has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Performance - OFG shares have declined approximately 14.1% since the beginning of the year, compared to a decline of -10.1% for the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is$ 1.03 on revenues of $178.85 million, and for the current fiscal year, it is$ 4.18 on revenues of $719.96 million [7] Industry Outlook - The Zacks Industry Rank for Banks - Northeast, to which OFG belongs, is currently in the top 23% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that industry performance can significantly impact stock performance [5][8]