OFG Bancorp (OFG) reported earnings for first quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line came in at $45.57 million, or $1.00 per share. This compares with $49.69 million, or $1.05 per share, last year.
Analysts on average had expected the company to earn $0.97 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 2.4% to $178.28 million from $174.16 million last year.
OFG Bancorp earnings at a glance (GAAP) :
-Earnings: $45.57 Mln. vs. $49.69 Mln. last year.
-EPS: $1.00 vs. $1.05 last year.
-Revenue: $178.28 Mln vs. $174.16 Mln last year.
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