Financial Holding Company OFG Bancorp's Q2 EPS rises 6.5%

OFG Bancorp

17/07/2025 12:44

Overview

OFG Bancorp Q2 EPS rises to $1.15, up 6.5% year-over-year

Total core revenues grow 1.5% year-over-year to $182.2 mln

Co repurchased 186,024 shares, indicating strategic financial management

Outlook

OFG Bancorp emphasizes digital strategy and customer experience investments

Result Drivers

LOAN ORIGINATION - Strong loan origination contributed to increased EPS and core revenues, per CEO José Rafael Fernández

DIGITAL STRATEGY - Omnichannel digital strategy and new product launches improved customer experience and operational efficiencies

LIQUIDITY INCREASE - New borrowings and brokered deposits increased liquidity to fund strategic growth in commercial loans

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Core Revenue
$182.20 mln
Q2 EPS
$1.15
Q2 CET1 Capital Ratio
14.0%
Q2 Investments
$2.78 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for OFG Bancorp is $48.00, about 8.3% above its July 16 closing price of $44.02

Press Release: ID:nBw5QDSlta

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)