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Sep 30, 2023
OFG Bancorp Q3 2023 Earnings Report
Reported an increase in core revenues and EPS, driven by loan growth and stable core deposits.
Key Takeaways
OFG Bancorp reported strong Q3 2023 results, with a 10% year-over-year increase in core revenues and a 9% increase in EPS. The company benefited from loan growth, stable core deposits, and higher interest rates. Digital initiatives and team member commitment were highlighted as key contributors.
Core revenues increased by 10% year-over-year.
EPS increased by 9% year-over-year.
Loan growth and stable core deposits contributed to the positive results.
Digital self-service portal adoption is growing.
Forward Guidance
The information included in this document contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and involve certain risks and uncertainties that may cause actual results to differ materially from those expressed in the forward-looking statements.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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