OFG Bancorp (NYSE:OFG) reported its Q1 earnings results on Thursday, April 20, 2023 at 07:30 AM.
Here’s what investors need to know about the announcement.
Earnings
OFG Bancorp beat estimated earnings by 11.63%, reporting an EPS of $0.96 versus an estimate of $0.86.
Revenue was up $30.70 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05 which was followed by a 0.4% increase in the share price the next day.
Here’s a look at OFG Bancorp’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.92 | 0.85 | 0.74 | 0.63 |
| EPS Actual | 0.97 | 0.87 | 0.84 | 0.76 |
| Revenue Estimate | 130.51M | 123.42M | 111.55M | 109.09M |
| Revenue Actual | 135.30M | 126.50M | 115.10M | 105.20M |
To track all earnings releases for OFG Bancorp visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
