OFG Bancorp reports results for the quarter ended in June - Earnings Summary

OFG Bancorp

21/07/2022 14:32

* OFG Bancorp  OFG.N  reported quarterly adjusted earnings
of 84
cents​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for earnings of
74 cents per share.
    * Revenue rose 12.6% to $115.09 million from a year ago; 
analysts
expected $111.55 million. 
    * OFG Bancorp's reported EPS for the quarter was 84 cents​.
    * The mean earnings estimate of analysts had risen by
about 1.4%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * OFG Bancorp shares had risen by 6.3% this quarter and
gained 1.6% so far this year.
    * The company reported quarterly net income of $40.43
million.
    * Wall Street's median 12-month price target for OFG Bancorp
is
$35.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated July 21 at 01:32 p.m.  ​All
figures in US dollars unless otherwise stated.
 QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.74           0.84           Beat
 Mar. 31 2022      0.64           0.76           Beat
 Dec. 31 2021      0.76           0.66           Missed
 Sep. 30 2021      0.68           0.81           Beat
 This summary was machine generated from Refinitiv data July 21
at 01:32 p.m