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

OFG Bancorp

20/07/2023 14:32

* OFG Bancorp  OFG.N  reported quarterly adjusted earnings
of 93
cents​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for earnings of
88 cents per share.
    * Revenue rose 21.3% to $139.64 million from a year ago;
analysts
expected $135.79 million. 
    * OFG Bancorp's reported EPS for the quarter was 93 cents​.
    * The mean earnings estimate of analysts had risen by
about 1.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * OFG Bancorp shares had risen by 18.8% this quarter and
gained 12.4% so far this year.
    * The company reported quarterly net income of $44.17
million.
    * Wall Street's median 12-month price target for OFG Bancorp
is
$33.00 
    * 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 from LSEG Refinitiv data July
20 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.88           0.93           Beat
 Mar. 31 2023      0.86           0.96           Beat
 Dec. 31 2022      0.92           0.97           Beat
 Sep. 30 2022      0.85           0.87           Beat