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OFG

OFG Bancorp

$29.49

Earnings Summary

Revenue
$151.3Mn
Net Profits
$40.43Mn
Net Profit Margins
26.72%
PE Ratio
9.72

Highlights

Revenue:

OFG Bancorp’s revenue jumped 22.82% since last year same period to $151.3Mn in the Q2 2022. On a quarterly growth basis, OFG Bancorp has generated 20.95% jump in its revenue since last 3-months.

Net Profits:

OFG Bancorp’s net profit fell -0.97% since last year same period to $40.43Mn in the Q2 2022. On a quarterly growth basis, OFG Bancorp has generated 7.76% jump in its net profits since last 3-months.

Net Profit Margins:

OFG Bancorp’s net profit margin fell -19.37% since last year same period to 26.72% in the Q2 2022. On a quarterly growth basis, OFG Bancorp has generated -10.91% fall in its net profit margins since last 3-months.

PE Ratio:

OFG Bancorp’s price-to-earnings ratio after this Q2 2022 earnings stands at 9.72.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the OFG Bancorp post its latest quarter earnings

EPS Estimate Current Quarter
0.81
EPS Estimate Current Year
0.81

Highlights

EPS Estimate Current Quarter:

OFG Bancorp’s earning per share (EPS) estimates for the current quarter stand at 0.81 - a 9.46% jump from last quarter’s estimates.

EPS Estimate Current Year:

OFG Bancorp’s earning per share (EPS) estimates for the current year stand at 0.81.

Key Ratios

Key ratios of the OFG Bancorp post its Q2 2022 earnings

Earning Per Share (EPS)
0.84
Return on Assets (ROA)
0.01
Return on Equity (ROE)
0.15
Dividend Per Share (DPS)
0.54

Highlights

Earning Per Share (EPS):

OFG Bancorp’s earning per share (EPS) jumped 7.69% since last year same period to 0.84 in the Q2 2022. This indicates that the OFG Bancorp has generated 7.69% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. OFG Bancorp’s return on assets (ROA) stands at 0.01.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. OFG Bancorp’s return on equity (ROE) stands at 0.15.

Dividend Per Share (DPS):

OFG Bancorp declared 0.54 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-06
0.64
0.76
18.75%
2022-06-30
0.74
0.84
13.51%

Company Information

Now in its 56th year in business, OFG Bancorp is a diversified financial holding company that operates under U.S., Puerto Rico and U.S. Virgin Islands banking laws and regulations. Its three principal subsidiaries, Oriental Bank, Oriental Financial Services and Oriental Insurance, provide a wide range of retail and commercial banking, lending and wealth management products, services and technology, primarily in Puerto Rico and U.S. Virgin Islands.

Organisation
OFG Bancorp
Headquarters
254 Munoz Rivera Avenue, San Juan, Puerto Rico
Employees
2.28K
Industry
Finance
CEO
Jose Fernandez