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Sep 30, 2024

OFG Bancorp Q3 2024 Earnings Report

Reported solid performance with increased EPS and consistent core operating results.

Key Takeaways

OFG Bancorp reported a solid third quarter with EPS diluted up 5.3% year-over-year and a 1.1% increase in total core revenues. The company continues to see digital adoption of its products and services grow.

EPS diluted increased 5.3% year-over-year.

Total core revenues increased 1.1% year-over-year.

Net interest margin was 5.43%.

Efficiency ratio was 52.60%.

Total Revenue
$148M
Previous year: $142M
+4.2%
EPS
$1
Previous year: $0.95
+5.3%
Net Interest Margin
5.43%
Previous year: 5.8%
-6.4%
CET1 Ratio
14.37%
Efficiency Ratio
52.6%
Previous year: 52.36%
+0.5%
Cash and Equivalents
$681M
Previous year: $533M
+27.8%
Free Cash Flow
$51.8M
Previous year: $84.8M
-39.0%
Total Assets
$11.5B
Previous year: $10.3B
+11.7%

OFG Bancorp

OFG Bancorp

Forward Guidance

No specific forward guidance was provided in the release.