OFG

The Rise Fund to Make Majority Investment in Outcomes First Group Joined by Investcorp

Retrieved on: 
Tuesday, December 12, 2023
Banking, Mental Health, Fund Raising, General Health, Professional Services, Foundation, Philanthropy, People with Disabilities, Consumer, Clinical Trials, Health, Other Philanthropy, Other Education, Continuing, Education, Socially Responsible Investing, Finance, Funding, Ropes & Gray, SEN, Moelis & Company, DLA Piper, OFG, Investment, Stirling Square Capital Partners, Piper, Student, FirstGroup, Learning, Rise, Neuro, Venture capital financing, Stirling Square, Special, Occupational therapy, Private equity, Partnership, Ofsted, Growth, Mental health, Gibson Dunn, Parent, Spectrum, The Rise, Mental, Outcomes First Group, Nursing, Renewable energy, Outcome, Employment, Investcorp

The Rise Fund is making a majority investment in OFG with Investcorp making a minority investment.

Key Points: 
  • The Rise Fund is making a majority investment in OFG with Investcorp making a minority investment.
  • “This is the start of an exciting new chapter for Outcomes First Group,” said David Leatherbarrow, CEO of Outcomes First Group.
  • Moelis & Company served as financial advisor to The Rise Fund and Investcorp in relation to the transaction.
  • Ropes & Gray and Gibson, Dunn & Crutcher served as legal counsel to The Rise Fund and Investcorp respectively.

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.

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.

OFG Bancorp to Report 1Q23 Results and Hold Call Thursday, April 20, 2023

Retrieved on: 
Thursday, March 30, 2023
Banking, Professional Services, Finance, OFG, OFG Bancorp, Software, NYSE, Rare-earth element, Online shopping, Broadcasting

OFG Bancorp (NYSE: OFG) will report first quarter 2023 financial results on Thursday, April 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 first quarter 2023 financial results on Thursday, April 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.