OFG Bancorp Reports 4Q23 & 2023 Results
OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, today reported results for the fourth quarter and year ended December 31, 2023.
- OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, today reported results for the fourth quarter and year ended December 31, 2023.
- Compared to 3Q23, 4Q23 reflected annual insurance commission recognition of $2.5 million in wealth management revenues and lower mortgage servicing revenues.
- The average balance of such wholesale funding was $602.0 million in 4Q23 compared to $266.4 million in 3Q23.
- A conference call to discuss 4Q23 results, outlook and related matters will be held today at 10:00 AM ET.