OFG Bancorp

OFG Bancorp Declares Regular Quarterly Common Stock Cash Dividend

Retrieved on: 
Wednesday, October 25, 2023
Banking, Professional Services, Finance, OFG Bancorp, NYSE, OFG, Holding company

OFG Bancorp (NYSE: OFG) today announced its Board of Directors declared a regular quarterly cash dividend of $0.22 per common share for the quarter ending December 31, 2023.

Key Points: 
  • OFG Bancorp (NYSE: OFG) today announced its Board of Directors declared a regular quarterly cash dividend of $0.22 per common share for the quarter ending December 31, 2023.
  • The dividend is payable January 16, 2024, to holders of record at December 29, 2023, with an ex-dividend date of December 28, 2023.

OFG Bancorp Reports 3Q23 Results

Retrieved on: 
Friday, October 20, 2023
Banking, Professional Services, Finance, Asset, Disposable household and per capita income, Sale, Earthquake, NYSE, Delinquent, MBS, OFG Bancorp, Oriental Bank, Federal Reserve, Investment, Conference, GAAP, Credit, EPS, Annual report, Form 10-K, OFG, Lender option borrower option, Pandemic, Current Expected Credit Losses, Tangible common equity, Table, EOP, Cryptocurrency, Bank, Real estate, Security (finance)

OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, reported results for the third quarter ended September 30, 2023.

Key Points: 
  • OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, reported results for the third quarter ended September 30, 2023.
  • Compared to 2Q23, 3Q23 primarily reflected higher yields (7.84% vs. 7.76%) on increased average balances of loans and higher yields on variable rate loans.
  • Compared to 2Q23, 3Q23 reflected higher cost of funds (1.07% vs. 0.84%) on increased average balances of deposits and borrowings.
  • A conference call to discuss 3Q23 results, outlook and related matters will be held today at 10:00 AM ET.

OFG Bancorp to Report 3Q23 Results and Hold Call Friday, October 20, 2023

Retrieved on: 
Friday, September 22, 2023
Banking, Professional Services, Finance, OFG, OFG Bancorp, Software, NYSE, Online shopping, Broadcasting

OFG Bancorp (NYSE: OFG) will report third quarter 2023 financial results on Friday, October 20, 2023, before the market opens and hold its conference call that morning at 10:00 AM ET.

Key Points: 
  • OFG Bancorp (NYSE: OFG) will report third quarter 2023 financial results on Friday, October 20, 2023, before the market opens and hold its conference call that morning at 10:00 AM ET.
  • The call can also be accessed live on OFG’s website at www.ofgbancorp.com .
  • Webcast replay will be available shortly thereafter.
  • Visit the webcast link in advance to pre-register or download any necessary software.

OFG Bancorp Declares Regular Quarterly Common Stock Cash Dividend

Retrieved on: 
Wednesday, July 26, 2023
Banking, Asset Management, Professional Services, Finance, OFG Bancorp, OFG, NYSE, Holding company

OFG Bancorp (NYSE: OFG) today announced its Board of Directors declared a regular quarterly cash dividend of $0.22 per common share for the quarter ending September 30, 2023.

Key Points: 
  • OFG Bancorp (NYSE: OFG) today announced its Board of Directors declared a regular quarterly cash dividend of $0.22 per common share for the quarter ending September 30, 2023.
  • The dividend is payable October 16, 2023, to holders of record at September 29, 2023, with an ex-dividend date of September 28, 2023.

OFG Bancorp Reports 2Q23 Results

Retrieved on: 
Thursday, July 20, 2023
Banking, Professional Services, Finance, Orient, Credit, Table, Current Expected Credit Losses, OFG Bancorp, Oriental Bank, Form 10-K, OFG, GAAP, EOP, Sale, Federal Home Loan Banks, Asset, Treasury, Pandemic, Federal Reserve, Investment, Earthquake, Tangible common equity, EPS, Annual report, NYSE, Conference, Cryptocurrency, Bank, Real estate, Security (finance)

OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, reported results for the second quarter ended June 30, 2023.

Key Points: 
  • OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, reported results for the second quarter ended June 30, 2023.
  • We also repurchased 565,299 shares of OFG stock as part of our buyback program.”
    “Our ‘Digital First’ strategy continues to show excellent progress.
  • Compared to 1Q23, 2Q23 primarily reflected higher yields on increased average balances of loans and cash.
  • A conference call to discuss 2Q23 results, outlook and related matters will be held today at 10:00 AM ET.

OFG Bancorp to Report 2Q23 Results and Hold Call Thursday, July 20, 2023

Retrieved on: 
Tuesday, June 27, 2023
Banking, Other Professional Services, Professional Services, Finance, OFG, OFG Bancorp, Software, NYSE, Rare-earth element, Online shopping, Broadcasting

OFG Bancorp (NYSE: OFG) will report second quarter 2023 financial results on Thursday, July 20, 2023, before the market opens and hold its conference call that morning at 10:00 AM ET.

Key Points: 
  • OFG Bancorp (NYSE: OFG) will report second quarter 2023 financial results on Thursday, July 20, 2023, before the market opens and hold its conference call that morning at 10:00 AM ET.
  • The call can also be accessed live on OFG’s website at www.ofgbancorp.com .
  • Webcast replay will be available shortly thereafter.
  • Visit the webcast link in advance to pre-register or download any necessary software.

Broadridge Secures Patent for Machine Learning Tech Enhancing Securities Based Lending

Retrieved on: 
Tuesday, June 20, 2023
Research, SBL, OFG Bancorp, Growth, Bank holding company, Environment, NYSE, Financial services, Patent, Broadridge Financial Solutions, Fintech

NEW YORK, June 20, 2023 /PRNewswire/ -- The machine learning technology that powers global Fintech leader Broadridge Financial Solutions' (NYSE: BR) ability to provide financial advisors with engagement predicting scores and other valuable insights on securities based lending (SBL) borrowers has been granted a patent by the U.S. Patent and Trademark Office. Broadridge's patented machine learning technology delivers actionable insights that help wealth organizations and advisors identify and efficiently target high propensity prospects, reduce loan attrition, better understand overall book trends to inform business decisioning, budget with better predictability and increase marketing spend effectiveness.

Key Points: 
  • Patent covers Broadridge systems that help advisors hyper-target SBL borrowers, deepen client relationships and reduce attrition
    NEW YORK, June 20, 2023 /PRNewswire/ -- The machine learning technology that powers global Fintech leader Broadridge Financial Solutions ' (NYSE: BR) ability to provide financial advisors with engagement predicting scores and other valuable insights on securities based lending (SBL) borrowers has been granted a patent by the U.S. Patent and Trademark Office.
  • "This patent supports Broadridge's commitment to providing wealth management firms and their advisors with innovative and personalized products in wealth lending to meet increasing demand," said Mike Alexander, President of Wealth Solutions at Broadridge.
  • We are proud to see this formal acknowledgement of the true innovation taking place at Broadridge as we make a real contribution to our customers' growth."
  • ("The Bancorp") to train and productionize machine learning models to deliver borrower insights at the enterprise and advisor level.

The Doctors Company Names Christa Steele, MBA, to Board of Governors

Retrieved on: 
Monday, June 5, 2023
The Doctors Company, University, Health, Tanimura & Antle, Audit, TDC Holding A/S, FACP, OFG Bancorp, National Association of Corporate Directors, California State University, Finance, Business, MBA, MD, Marshall School, Corporation, Certification, NACD, Mechanics Bank, National Association, USC Marshall School of Business, Tanimura, Management

NAPA, Calif., June 5, 2023 /PRNewswire/ -- The Doctors Company, the nation's largest physician-owned medical malpractice insurer, is pleased to announce the appointment of Christa Steele, MBA, to its Board of Governors.

Key Points: 
  • NAPA, Calif., June 5, 2023 /PRNewswire/ -- The Doctors Company, the nation's largest physician-owned medical malpractice insurer, is pleased to announce the appointment of Christa Steele, MBA, to its Board of Governors.
  • "We are pleased to welcome Christa Steele to our Board of Governors," said Richard E. Anderson, MD, FACP, Chairman and CEO of The Doctors Company and TDC Group.
  • Her prior board experience includes Recology as Board Chair, BrainChip Holdings, OFG Bancorp, Sasser Family Holdings, and FIG Partners.
  • Ms. Steele is a Member of the Audit and the Finance and Risk Committees at The Doctors Company.

OFG Bancorp Declares Regular Quarterly Common Stock Cash Dividend

Retrieved on: 
Wednesday, April 26, 2023
Banking, Professional Services, Finance, OFG Bancorp, OFG, NYSE, Rare-earth element, Holding company

OFG Bancorp (NYSE: OFG) today announced its Board of Directors declared a regular quarterly cash dividend of $0.22 per common share for the quarter ending June 30, 2023. The dividend is payable July 17, 2023, to holders of record at June 30, 2023, with an ex-dividend date of June 29, 2023.

Key Points: 

OFG Bancorp (NYSE: OFG) today announced its Board of Directors declared a regular quarterly cash dividend of $0.22 per common share for the quarter ending June 30, 2023. The dividend is payable July 17, 2023, to holders of record at June 30, 2023, with an ex-dividend date of June 29, 2023.

OFG Bancorp Reports 1Q23 Results

Retrieved on: 
Thursday, April 20, 2023
Banking, Other Professional Services, Professional Services, Finance, Federal Home Loan Banks, Insurance, Credit, Table, Current Expected Credit Losses, OFG Bancorp, COVID-19, Oriental Bank, Form 10-K, OFG, GAAP, Non-commissioned officer, EOP, Sale, Asset, Treasury, United States Treasury security, Retirement, Acquisition, Investment, Earthquake, Disposable household and per capita income, Tangible common equity, EPS, Annual report, Environment, NYSE, Conference, Cryptocurrency, Bank, Real estate

OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, reported results for the first quarter ended March 31, 2023.

Key Points: 
  • OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, reported results for the first quarter ended March 31, 2023.
  • Our financial results also demonstrated solid core revenues, net interest margin, credit quality, operating leverage, and customer acquisition trends.
  • Compared to 4Q22, 1Q23 reflected a 14 basis point cost increase and a 1.5% decline in average interest bearing liabilities.
  • A conference call to discuss 1Q23 results, outlook and related matters will be held today at 10:00 AM ET.