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OFG Bancorp (OFG)
NYSE:OFG
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.97Last Year’s EPS
1.05Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 23, 2025
|% Change Since: 4.57%
|Next Earnings Date:Jul 17, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a balanced outlook. While strong financial performance and digital innovation were highlighted, challenges such as declined interest income, decreased service revenues, and significant power outages in Puerto Rico also presented concerns.Company Guidance
During the first quarter of fiscal year 2025, OFG Bancorp reported solid financial performance with an earnings per share diluted of $1, driven by effective operating execution and growth in loans and deposits. The strategic investment in digital technology has been fruitful, with 96% of retail customer transactions and 97% of retail deposit transactions conducted through digital channels, reflecting a 12% year-over-year increase in digital enrollment and a 21% rise in digital loan payments. The company reported core revenues of $178 million, with total interest income of $189 million and interest expense at $40 million. Notably, the efficiency ratio stood at 52.2%, return on average assets at 1.56%, and return on tangible common equity at 15.28%. The net interest margin was slightly higher at 5.42%, benefiting from higher-yielding investment securities. Despite seasonal and macroeconomic challenges, OFG's focus on digital innovation and customer engagement has supported its strong capital generation and balance sheet resilience.Strong Start with Consistent Financial Results
First quarter earnings per share diluted at $1, driven by excellent operating execution and loan and deposit growth. Share buybacks and a 20% dividend increase supported by strong capital generation and balance sheet.
Digital Channel Expansion
96% of retail customer transactions, 97% of retail deposits, and 68% of retail loan payments processed through digital and self-service channels. Year-over-year growth: 12% in digital enrollment, 21% in digital loan payments, 40% in virtual teller utilization, and nearly 5% customer growth.
Technological Innovations
Launched an omni-channel online mobile app, smart banking insights, and Apple Pay for debit and credit cards, all firsts in the Puerto Rican market.
Stable Credit Quality
Credit quality remained stable, with net charge-off rate unchanged year-over-year at 1.05%, and delinquency rates decreased.
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OFG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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OFG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 23, 2025 | $36.35 | $36.79 | +1.21% |
| Jan 22, 2025 | $44.41 | $43.77 | -1.44% |
| Oct 16, 2024 | $44.26 | $40.80 | -7.82% |
| Jul 18, 2024 | $42.25 | $42.19 | -0.14% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does OFG Bancorp (OFG) report earnings?
OFG Bancorp (OFG) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is OFG Bancorp (OFG) earnings time?
OFG Bancorp (OFG) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OFG EPS forecast?
OFG EPS forecast for the fiscal quarter 2025 (Q1) is 0.97.
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