OFG Bancorp reports Q3 EPS 95c, consensus 94c

Reports Q3 revenue $172.2M, consensus $156.56M. Reports CET1 capital ratio 14.03%. Jose Rafael Fernandez, CEO, said: “Third quarter results reflected year-over-year increases of 10% in core revenues and 9% in EPS. Highlights include continued loan growth, stable core deposits, low cumulative deposit beta of 19%, increased operating leverage, and strong performance metrics. We also benefited from overall higher interest rates and benign credit conditions as economic activity in Puerto Rico continues to do well.”