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Ofg Bancorp  (OFG)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial


 

Ofg Bancorp

OFG's Financial Statements and Analysis



Ofg Bancorp reported in the first quarter of 2024 net earnings per share of $1.05 an increase by 9.38 % year on year from $0.96 and an improvement of 6.77 % from $0.98 realized in IV. Quarter (Dec 31 2023).


first quarter of 2024
Earnings Per Share Revenues
$ 1.05 $  159 Mill
$+0.09     +9.38 % $+4M     +2.56 %



Ofg Bancorp's Revenue rose by 2.56 % in first quarter of 2024 (Mar 31 2024) year on year, to $159 million and declined by -1.97 % sequentially.


Ofg Bancorp is

More on OFG's Income Statement



Ofg Bancorp 's net income of $49.692 million in the first quarter of 2024 increased by 7.49 % from net earnings of $46.229 million achieved in I. Quarter a year ago.

Sequentially net earnings grew by 6.64 % from net income of $46.597 million realized in previous quarter.

More on OFG's Growth

Ofg Bancorp Inventories
OFG's Cash flow In the first quarter of 2024 company's net cash flow was $6 million, capital expenditures fell by -3.11898.40%, to $-6 millions compare to same quarter a year ago

More on OFG's Cash flow Statement


Ofg Bancorp payed out dividend of $0.91 per share in last 52 weeks representing 23.27 % of net earning per share in trailing twelve-month period.

During the same period Ofg Bancorp earned $ 6.43 cash per share, on a free-cash flow basis 164.47 % of net earning per share.

Book value grew by 2.17 % sequentially to $25.68 per share, 75.46% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 23.49 per share from $ 22.92.

Company repurchased 0.14 million shares or 0.30 % in Mar 31 2024.
Interest Coverage Ratio was 3.35. Debt Coverage Ratio was 10.15.

More on OFG's Dividends

 Market Capitalization (Millions) 1,765
 Shares Outstanding (Millions) 47
 Total Debt (Millions $) -
 Revenue (TTM) (Millions $) 633
 Net Income (TTM) (Millions $) 185
 Cash Flow (TTM) (Millions $) -93
 Capital Exp. (TTM) (Millions $) -21
 Dividend TTM ($) 0.91 $
 Dividend Yield TTM (%) 2.68 %
 Employees (TTM) $ 1,466




Ofg Bancorp payed out dividend of $0.91 per share in the last 52 weeks representing 23.27 % of net earning per share in trailing twelve-month period.

During the same period Ofg Bancorp had $ 6.43 cash flow per share, on a free-cash flow basis 164.47 % of net earning per share.

Book value grew by 2.17 % sequentially to $25.68 per share, 75.46% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 23.49 per share from $ 22.92.

Company repurchased 0.14 million shares or 0.30 % in Mar 31 2024.
Interest Coverage Ratio was 3.35. Debt Coverage Ratio was 10.15.

More on OFG's Balance Sheets

 Market Capitalization (Millions) 1,765
 Shares Outstanding (Millions) 47
 Total Debt (Millions $) -
 Revenue (TTM) (Millions $) 633
 Net Income (TTM) (Millions $) 185
 Cash Flow (TTM) (Millions $) -93
 Capital Exp. (TTM) (Millions $) -21
 Dividend TTM ($) 0.91 $
 Dividend Yield TTM (%) 2.68 %
 Employees (TTM) $ 1,466
   


  News about Ofg Bancorp Earnings

Ofg Bancorp Continues to Thrive with Impressive Revenue and Profit Growth in Q1 2024

Investors in Ofg Bancorp ar...

OFG Bancorp's Robust Financial Performance: Revenue and Profits Soar in Recent Fiscal Period

OFG Bancorp, the financial holding company for Oriental Bank, has reported moderate revenue improvement in the fiscal period closing December 31, 2023. Revenue increased by 1.722% to $162.53 million compared to the previous year. Earnings also grew modestly by 1.69% to $0.98 per share year on year. This positive performance is notable as many businesses in the regional banks industry are currently facing headwinds and battling with retracting revenue and dwindling orders.
Furthermore, OFG Bancorp's revenue advanced by 4.149% from $156.06 million in the preceding period, and its income improved by 3.52% from $0.95 per share. The bottom-line of $46.597 million in the most recent fiscal period also increase...

Ofg Bancorp's Strong Financial Performance: Revenue Soars by 4.03% in Q3 2023



Ofg Bancorp, a regional bank, has experienced a notable increase in its share value, witnessing a gain of 7.12% over the past 5 trading days and a significant growth of 27.91% over the past 12 months. Despite being 7.5% short of its 52-week high, the company's positive financial results suggest a promising future. This article aims to analyze the recently reported financial data of Ofg Bancorp, evaluating its revenue growth, earnings per share (EPS), profit margins, and accounts receivable, while considering their potential impact on the company's future prospects.
Financial Performance Overview:
For the period between July and September 30, 2023, Ofg Bancorp's revenue rose by 4.03% to $156...

OFG Bancorp Reports Strong Revenue Uptick in Recent Fiscal Period, Outpacing Regional Bank Sector Counterparts

OFG Bancorp, a regional banking company, recently released its financial results for the most recent fiscal period, and the numbers are looking solid. The company's revenue increased by 6.956% to $154.67 million compared to $144.61 million in the same period last year. Additionally, the company recorded a profitability advance of 10.71% with earnings per share reaching $0.93, compared to $0.84 in the previous year's quarter.
In comparison to its peers in the Regional Banks sector, OFG's revenue growth in the second quarter of 2023 is quite favorable. While its contemporaries experienced an average top-line advance of 4.70% during the same period, OFG managed to outperform them with its 6.956% growth. How...

Impressive Earnings Surge by 26.32% Propels Ofg Bancorp's Strong Financial Performance in Q1 2023

OFG Bancorp: Riding High on Strong Earnings Growth
OFG Bancorp, the financial services giant, recently released its financial report for the first quarter of 2023, which cited impressive growth in earnings per share and revenue. The report stated that earnings per share had increased by a whopping 26.32% to $0.96 per share. Meanwhile, revenue had seen a significant increment of 14.864% to $155.35 million in the same period. The impressive growth in earnings and revenue indicates that OFG Bancorp is well-positioned to continue its formidable financial performance.
Moreover, as compared to the same period last year, the company's earnings per share had decreased by -0.73% from $0.97 per share. However,...


Date modified: 2024-05-11T13:44:49+00:00





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