OFG Bancorp: Q1 Earnings Insights

OFG Bancorp OFG reported its Q1 earnings results on Thursday, April 20, 2023 at 07:30 AM.

Here's what investors need to know about the announcement.

Earnings

OFG Bancorp beat estimated earnings by 11.63%, reporting an EPS of $0.96 versus an estimate of $0.86.

Revenue was up $30.70 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.05 which was followed by a 0.4% increase in the share price the next day.

Here's a look at OFG Bancorp's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 0.92 0.85 0.74 0.63
EPS Actual 0.97 0.87 0.84 0.76
Revenue Estimate 130.51M 123.42M 111.55M 109.09M
Revenue Actual 135.30M 126.50M 115.10M 105.20M

To track all earnings releases for OFG Bancorp visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: EarningsBZI-Recaps
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