OFG Bancorp (OFG) Wednesday reported higher earnings as well as revenue for the fourth quarter, above the Street expectations. The company's shares were trading more than 3 percent up in pre-market.
Earnings were $1.09 per share for the fourth quarter, up from $0.98 per share in the same quarter a year ago.
Core revenues increased to $181.9 million from $175.6 million last year.
Analysts on average, expected earnings of $0.96 per share on revenue of $176.15 million for the quarter. Analysts' estimates typically exclude special items.
Total Interest Income grew to $190.2 million from $176.2 million in the previous year.
Provision for credit losses was $30.2 million, up from $19.7 million a year ago.
OFG Bancorp stock had closed at $44.74, up 1.13 percent on Tuesday. It has traded in the range of $33.19 - $47.66 in the last 1 year.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.