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Jun 30, 2022
OFG Bancorp Q2 2022 Earnings Report
Reported a strong quarterly performance driven by core businesses growth, loan and deposit increases, net interest margin expansion, and banking and wealth management income rebound.
Key Takeaways
OFG Bancorp reported a strong second quarter with EPS of $0.84, driven by growth in loans and deposits, expansion of net interest margin, and rebound in banking and wealth management income. The company also repurchased $30.6 million of shares.
EPS diluted was $0.84 compared to $0.78 in 2Q21.
Total core revenues were $146.3 million compared to $133.3 million in 2Q21.
Net Interest Income was $115.1 million compared to $102.3 million in 2Q21.
Net Interest Margin expanded to 4.80% from 4.22% in 2Q21.
Forward Guidance
No forward guidance provided in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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