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.

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.

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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