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Jun 30, 2024
OFG Bancorp Q2 2024 Earnings Report
Demonstrated strength with increased EPS and total core revenues.
Key Takeaways
OFG Bancorp reported a strong second quarter with a 16.1% year-over-year increase in EPS and a 5.2% increase in total core revenues. The company saw growth in loans, deposits, and non-interest income, along with stable credit quality.
EPS diluted increased 16.1% year-over-year.
Total core revenues increased 5.2% year-over-year.
Implemented close to half of the $50 million share buyback program, purchasing $24.3 million of OFG shares.
Nonperforming loan rate of 1.08% was the lowest over the last five quarters.
OFG Bancorp
OFG Bancorp
Forward Guidance
No forward guidance was provided in the earnings report.