OFG Bancorp Q3 profit rises on commercial loan growth

OFG Bancorp

22/10/2025 12:40

Overview

OFG Bancorp Q3 EPS rose 16% yr/yr to $1.16, with core revenues up 5.6%

Company repurchased $20.4 mln of common shares, indicating confidence in future growth

Digital First strategy expands with AI-driven customer insights and efficiency initiatives

Outlook

Company did not provide specific financial guidance for future quarters or the full year

Result Drivers

COMMERCIAL LOANS - Growth in commercial loans contributed to increased loan and core deposit balances, while auto loan originations moderated

DIGITAL STRATEGY - Digital First strategy with AI-driven insights enhanced customer acquisition and retention

ECONOMIC ENVIRONMENT - Puerto Rico's strong economic performance, including tourism surge and new investments, supported results

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Core Revenue
$184 mln
Q3 EPS
$1.16
Q3 CET1 Capital Ratio
14.13%
Q3 Investments
$2.94 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 $51.00, about 17.3% above its October 21 closing price of $42.18

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nBw3VRSw0a

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(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.)