OFG News and Press, OFG Bancorp From 09/18/22

Summary The strong regional economy will drive loan balances in the next year and a half. Thanks to the large balance of non-interest-bearing deposits, the margin will surge as interest rates rise. The December 2022 target price suggests a high upside from the current market p...

Summary At Gator Capital Management, we are dedicated to the management of concentrated investment portfolios consisting of companies with proven profitability and dominant franchises. During the 1st Half of 2022, the Fund outperformed the Financials sector benchmark and the broad...

OFG Bancorp ( NYSE: OFG ) declares $0.20/share quarterly dividend , 33.3% increase from prior dividend of $0.15. Forward yield 2.96% Payable Oct. 17; for shareholders of record Sept. 30; ex-div Sept. 29. See OFG Dividend Scorecard, Yield Chart, & Dividend G...

OFG Bancorp (NYSE: OFG) today announced its Board of Directors increased the regular quarterly cash dividend by 33%, to $0.20 per common share from $0.15 per share, for the quarter ending September 30, 2022, as part of OFG’s capital actions in 2022. The dividend is payable Octobe...

Image source: The Motley Fool. Oriental Financial Group (NYSE: OFG) Q2 2022 Earnings Call Jul 21, 2022 , 10:00 a.m. ET Operator Continue reading For further details see: Oriental Financial Group (OFG) Q2 2022 Earnings Call Transcript

OFG Bancorp (OFG) Q2 2022 Earnings Conference Call July 21, 2022 10:00 AM ET Company Participants Jose Fernandez - CEO & Vice Chair Maritza Arizmendi - CFO Conference Call Participants Brett Rabatin - Hovde Group Timur Braziler - Wells Fargo A...

The following slide deck was published by OFG Bancorp in conjunction with their 2022 Q2 earnings call. For further details see: OFG Bancorp 2022 Q2 - Results - Earnings Call Presentation

OFG Bancorp press release ( NYSE: OFG ): Q2 GAAP EPS of $0.84 beats by $0.11 . Revenue of $146.3M (+9.8% Y/Y) beats by $3.35M . Provision for credit losses of $6.7M compared to $1.6M in 1Q22 and a net benefit of $8.3M in 2Q21. CET1 ratio was 12.80% compared...

OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, reported results for the second quarter ended June 30, 2022. EPS diluted was $0.84 compared to $0.76 in 1Q22 and $0.78 in 2Q21. Total core revenues were $146.3 million compared to $136.4 million in 1Q22 and $133.3...

Puerto Rico's heightened economic activity and low unemployment rate bode well for loan growth. Sticky deposit costs will enable net interest income to benefit from a rising interest rate environment. Provision reversals will likely normalize this year. Nevertheless, net provision...