Oriental Bank

OFG Bancorp Reports 4Q23 & 2023 Results

Retrieved on: 
Wednesday, January 24, 2024

OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, today reported results for the fourth quarter and year ended December 31, 2023.

Key Points: 
  • 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.

OFG Bancorp Reports 3Q23 Results

Retrieved on: 
Friday, October 20, 2023

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 Reports 2Q23 Results

Retrieved on: 
Thursday, July 20, 2023

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 Reports 1Q23 Results

Retrieved on: 
Thursday, April 20, 2023

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 Reports 4Q22 & 2022 Results

Retrieved on: 
Thursday, January 26, 2023

OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, reported results for the fourth quarter and year ended December 31, 2022.

Key Points: 
  • OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, reported results for the fourth quarter and year ended December 31, 2022.
  • Compared to the previous quarter, 4Q22 benefited from higher yields on increased average balances of loans and investment securities.
  • Compared to 3Q22, 4Q22 interest expense reflected an 11 basis point cost increase partially offset by a 1.8% balance decline.
  • A conference call to discuss 4Q22 results, outlook and related matters will be held today at 10:00 AM ET.

OFG Bancorp Declares Regular Quarterly Common Stock Cash Dividend

Retrieved on: 
Friday, October 28, 2022

OFG Bancorp (NYSE: OFG) today announced its Board of Directors declared a regular quarterly cash dividend of $0.20 per common share for the quarter ending December 31, 2022.

Key Points: 
  • OFG Bancorp (NYSE: OFG) today announced its Board of Directors declared a regular quarterly cash dividend of $0.20 per common share for the quarter ending December 31, 2022.
  • The dividend is payable January 17, 2023, to holders of record at December 30, 2022, with an ex-dividend date of December 29, 2022.
  • Now in its 58th year in business, OFG Bancorp is a diversified financial holding company that operates under U.S., Puerto Rico and U.S. Virgin Islands banking laws and regulations.
  • Its three principal subsidiaries, Oriental Bank, Oriental Financial Services and Oriental Insurance, provide a wide range of retail and commercial banking, lending and wealth management products, services, and technology, primarily in Puerto Rico and U.S. Virgin Islands.

OFG Bancorp Reports 3Q22 Results

Retrieved on: 
Thursday, October 20, 2022

OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, reported results for the third quarter ended September 30, 2022.

Key Points: 
  • OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, reported results for the third quarter ended September 30, 2022.
  • The regular quarterly cash dividend was increased to $0.20 per common share in 3Q22 from $0.15 in 2Q22 and $0.12 in 3Q21.
  • A conference call to discuss 3Q22 results, outlook and related matters will be held today at 10:00 AM ET.
  • Now in its 58th year in business, OFG Bancorp is a diversified financial holding company that operates under U.S., Puerto Rico and U.S. Virgin Islands banking laws and regulations.

OFG Bancorp to Report 3Q22 Results and Hold Call Thursday, October 20, 2022

Retrieved on: 
Thursday, September 22, 2022

OFG Bancorp (NYSE: OFG) will report third quarter 2022 financial results on Thursday, October 20, 2022, 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 2022 financial results on Thursday, October 20, 2022, before the market opens and hold its conference call that morning at 10:00 AM ET.
  • The call can also be accessed live on OFGs website at www.ofgbancorp.com .
  • Visit the webcast link in advance to pre-register or download any necessary software.
  • Now in its 58th year in business, OFG Bancorp is a diversified financial holding company that operates under U.S., Puerto Rico and U.S. Virgin Islands banking laws and regulations.

OFG Bancorp Increases Regular Quarterly Common Stock Cash Dividend by 33%

Retrieved on: 
Wednesday, July 27, 2022

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 OFGs capital actions in 2022.

Key Points: 
  • 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 OFGs capital actions in 2022.
  • The dividend is payable October 17, 2022, to holders of record at September 30, 2022, with an ex-dividend date of September 29, 2022.
  • Now in its 58th year in business, OFG Bancorp is a diversified financial holding company that operates under U.S., Puerto Rico and U.S. Virgin Islands banking laws and regulations.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20220727005914/en/

OFG Bancorp Reports 2Q22 Results

Retrieved on: 
Thursday, July 21, 2022

OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, reported results for the second quarter ended June 30, 2022.

Key Points: 
  • OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, reported results for the second quarter ended June 30, 2022.
  • 2Q22 NCOs of $4.5 million included $2.5 million from a previously reserved commercial loan sold during the quarter.
  • A conference call to discuss 2Q22 results, outlook and related matters will be held today at 10:00 AM ET.
  • Now in its 58th year in business, OFG Bancorp is a diversified financial holding company that operates under U.S., Puerto Rico and U.S. Virgin Islands banking laws and regulations.