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

OFG Bancorp

20/10/2023 14:32

* OFG Bancorp  OFG.N  reported quarterly adjusted earnings
of 95
cents​​ per share for the quarter ended in September. The mean
expectation of four analysts for the quarter was for earnings of
94 cents per share.
    * Revenue rose 12.1% to $141.79 million from a year ago;
analysts
expected $149.04 million. 
    * OFG Bancorp's reported EPS for the quarter was 95 cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * OFG Bancorp shares had fallen by 0.2% this quarter and
gained 8.1% so far this year.
    * The company reported quarterly net income of $44.87
million.
    * Wall Street's median 12-month price target for OFG Bancorp
is
$37.75 
    * 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
October 20 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.94           0.95           Beat
 Jun. 30 2023      0.88           0.93           Beat
 Mar. 31 2023      0.86           0.96           Beat
 Dec. 31 2022      0.92           0.97           Beat