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

OFG Bancorp

20/10/2022 14:31

* OFG Bancorp  OFG.N  reported quarterly adjusted earnings
of 87
cents​​ per share for the quarter ended in September. The mean
expectation of four analysts for the quarter was for earnings of
85 cents per share.
    * Revenue rose 23.2% to $126.50 million from a year ago;
analysts
expected $123.33 million. 
    * OFG Bancorp's reported EPS for the quarter was 87 cents​.
    * The mean earnings estimate of analysts had risen by
about 0.6%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * OFG Bancorp shares had risen by 8.8% this quarter and
gained 2.9% so far this year.
    * The company reported quarterly net income of $41.92
million.
    * Wall Street's median 12-month price target for OFG Bancorp
is
$34.50 
    * 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 Refinitiv data October
20 at 01:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.85           0.87           Beat
 Jun. 30 2022      0.74           0.84           Beat
 Mar. 31 2022      0.64           0.76           Beat
 Dec. 31 2021      0.76           0.66           Missed