OFG Bancorp Doesn't Deserve A Downgrade At This Time |
OFG Bancorp has maintained a 'buy' rating due to its strong asset quality, attractive valuation, and robust digital growth strategy. The company's net interest income and non-interest income saw slight declines recently, but deposits and loans have grown, indicating overall balance sheet strength. OFG Bancorp's digital initiatives have shown significant growth, with notable increases in digital loan payments and virtual teller use, enhancing operational efficiency. |
seekingalpha.com |
2025-05-04 11:27:35 |
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OFG Bancorp Announces New $100 Million Share Repurchase Plan |
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) today announced its Board of Directors approved a new $100 million stock repurchase authorization plan as part of OFG's capital actions. The new plan, which is open-ended, is in addition to the previously authorized stock repurchase plan. About OFG Bancorp Now in its 61st 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 regulation. |
businesswire.com |
2025-04-30 20:15:00 |
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OFG (OFG) Upgraded to Buy: Here's Why |
OFG (OFG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy). |
zacks.com |
2025-04-25 17:05:36 |
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Is OFG Bancorp (OFG) a Great Value Stock Right Now? |
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. |
zacks.com |
2025-04-25 14:46:17 |
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OFG Bancorp (OFG) Q1 2025 Earnings Call Transcript |
OFG Bancorp (NYSE:OFG ) Q1 2025 Earnings Conference Call April 23, 2025 10:00 AM ET Company Participants Jose Rafael Fernandez - Chairman & Chief Executive Officer Maritza Arizmendi - Chief Financial Officer Cesar Ortiz - Chief Risk Officer Conference Call Participants Frank Schiraldi - Piper Sandler Timur Braziler - Wells Fargo Brett Rabatin - Hovde Group Kelly Motta - KBW Operator Good morning. Thank you for joining OFG Bancorp's Conference Call. |
seekingalpha.com |
2025-04-23 15:34:15 |
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OFG Bancorp (OFG) Misses Q1 Earnings Estimates |
OFG Bancorp (OFG) came out with quarterly earnings of $1 per share, missing the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $1.05 per share a year ago. |
zacks.com |
2025-04-23 13:45:42 |
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OFG Bancorp Reports 1Q25 Results |
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, today reported results for the first quarter ended March 31, 2025. EPS diluted of $1.00 compared to $1.09 in 4Q24 and $1.05 in 1Q24. Total core revenues of $178.3 million compared to $181.9 million in 4Q24 and $174.2 million in 1Q24. CEO Comment José Rafael Fernández, Chief Executive Officer, said: “The first quarter reflected a strong start to the year with solid overall performanc. |
businesswire.com |
2025-04-23 11:30:00 |
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21 Upcoming Dividend Increases To Finish Q1 |
The lists were created using the U.S. Dividend Champions spreadsheet and NASDAQ data, ensuring companies have at least five years of dividend growth. My investment strategy focuses on buying, holding, and adding to companies with consistent dividend growth and outperformance relevant to certain benchmarks. Top-performing stocks include MPWR, STLD, and JPM. Top REITs include CTR, FR, and REXR for their impressive returns and dividend growth rates. |
seekingalpha.com |
2025-03-27 00:53:06 |
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OFG Bancorp to Report 1Q25 Results and Hold Call Wednesday, April 23, 2025 |
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) will report first quarter 2025 financial results on Wednesday, April 23, 2025, before the market opens and hold its conference call that morning at 10:00 AM ET. Participant Toll-Free Phone Number: (800) 267-6316 Participant International Phone Number: (203) 518-9783 Conference ID: OFGQ125 The call can also be accessed live on OFG's website at www.ofgbancorp.com. Webcast replay will be available shortly thereafter. Visit the webcast. |
businesswire.com |
2025-03-26 11:00:00 |
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OFG Bancorp: The Picture Looks Better Than I Previously Thought |
OFG Bancorp's asset quality and digital-first strategy have driven a 15.2% share price increase, outperforming the S&P 500's 10.4% gain. Despite mixed valuation metrics, OFG Bancorp's strong return on assets and equity, along with diverse income streams, justify a soft 'buy' rating. Recent improvements include a rise in deposits and securities, increased net income, and significant share buybacks, signaling management's optimism. |
seekingalpha.com |
2025-02-08 04:59:17 |
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Should Value Investors Buy OFG Bancorp (OFG) Stock? |
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. |
zacks.com |
2025-01-31 12:46:34 |
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Watch These 5 Stocks That Recently Announced Dividend Hikes |
Investors may keep a tab on stocks like FBK, OFG, UTL, SCHW and AJG, which have lately hiked their dividend payments. |
zacks.com |
2025-01-31 11:10:26 |
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OFG Bancorp: Maintaining A Buy Rating With A Flattish Earnings Outlook |
The continued improvement of Puerto Rico's unemployment rate gives me hope that loan growth can improve this year. However, other economic metrics are mixed. As the deposit cost is mostly inflexible, the margin will likely continue to decline this year. I haven't changed my EPS estimate for 2025, which remains at $4.25. |
seekingalpha.com |
2025-01-29 19:59:13 |
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OFG Bancorp (OFG) Q4 2024 Earnings Call Transcript |
OFG Bancorp (NYSE:OFG ) Q4 2024 Earnings Conference Call January 22, 2025 10:00 AM ET Company Participants Jose Rafael Fernandez - Chairman and Chief Executive Officer Maritza Arizmendi Diaz - Chief Financial Officer Cesar Ortiz Marcano - Chief Risk Officer Conference Call Participants Kelly Motta - KBW Ynyra Bohan - Hovde Group Timur Braziler - Wells Fargo Operator Good morning. Thank you for joining OFG Bancorp's Conference Call. |
seekingalpha.com |
2025-01-22 21:34:49 |
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OFG Bancorp (OFG) Q4 Earnings and Revenues Beat Estimates |
OFG Bancorp (OFG) came out with quarterly earnings of $1.09 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $0.98 per share a year ago. |
zacks.com |
2025-01-22 11:50:32 |
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OFG Bancorp Reports 4Q24 & 2024 Results |
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, today reported results for the fourth quarter and year ended December 31, 2024. 4Q24: EPS diluted of $1.09 compared to $1.00 in 3Q24 and $0.98 in 4Q23. Total core revenues of $181.9 million compared to $174.1 million in 3Q24 and $175.6 million in 4Q23. Full Year 2024: EPS diluted of $4.23 compared to $3.83 in 2023. Total core revenues of $709.6 million compared to $682.7 million in. |
businesswire.com |
2025-01-22 09:30:00 |
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OFG Bancorp to Report 4Q24 Results and Hold Call Wednesday, January 22, 2025 |
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) will report fourth quarter 2024 financial results on Wednesday, January 22, 2025, before the market opens and hold its conference call that morning at 10:00 AM ET. Participant Toll-Free Phone Number: (800) 225-9448 Participant International Phone Number: (203) 518-9708 Conference ID: OFGQ424 The call can also be accessed live on OFG's website at www.ofgbancorp.com. Webcast replay will be available shortly thereafter. Visit the webc. |
businesswire.com |
2024-12-23 11:00:00 |
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OFG Bancorp Declares Regular Quarterly Common Stock Dividend |
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) today announced its Board of Directors declared a regular quarterly cash dividend of $0.25 per common share for the quarter ending December 31, 2024. The dividend is payable January 15, 2025, to holders of record at December 31, 2024, with an ex-dividend date of December 31, 2024. About OFG Bancorp Now in its 60th year in business, OFG Bancorp is a diversified financial holding company that operates under U.S., Puerto Rico and U.S. |
businesswire.com |
2024-10-28 11:05:00 |
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OFG Bancorp (OFG) Q3 2024 Earnings Call Transcript |
OFG Bancorp (NYSE:OFG ) Q3 2024 Earnings Conference Call October 16, 2024 10:00 AM ET Company Participants Jose Rafael Fernandez - Chairman & CEO Maritza Arizmendi - CFO Conference Call Participants Kelly Motta - KBW Operator Good morning. Thank you for joining the OFG Bancorp's Conference Call. |
seekingalpha.com |
2024-10-16 16:11:06 |
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OFG Bancorp (OFG) Lags Q3 Earnings and Revenue Estimates |
OFG Bancorp (OFG) came out with quarterly earnings of $1 per share, missing the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $0.95 per share a year ago. |
zacks.com |
2024-10-16 13:46:10 |
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OFG Bancorp Reports 3Q24 Results |
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, today reported results for the third quarter ended September 30, 2024. EPS diluted of $1.00 compared to $1.08 in 2Q24 and $0.95 in 3Q23. Total core revenues of $174.1 million compared to $179.4 million in 2Q24 and $172.2 million in 3Q23. CEO Comment José Rafael Fernández, Chief Executive Officer, said: “The third quarter was another solid quarter of performance with EPS-diluted up 5. |
businesswire.com |
2024-10-16 11:30:00 |
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OFG Bancorp: Upgrading To Buy And Raising The Earnings Estimate |
Puerto Rico's economy continues to remain remarkable, which contributes to my positive outlook on loan growth. Rate cuts will likely also drive loan growth. The net interest margin will likely resume its downtrend due to interest rate cuts. The December 2025 target price suggests an upside of ~8.6% from the October 14 closing price. Further, OFG is offering a dividend yield of 2.25%. |
seekingalpha.com |
2024-10-15 18:07:53 |
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OFG Bancorp (OFG) Is Up 0.11% in One Week: What You Should Know |
Does OFG Bancorp (OFG) have what it takes to be a top stock pick for momentum investors? Let's find out. |
zacks.com |
2024-09-17 17:01:32 |
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New Strong Buy Stocks for September 16th |
OPRA, CAJPY, STRL, OFG and CASH have been added to the Zacks Rank #1 (Strong Buy) List on September 16, 2024. |
zacks.com |
2024-09-16 11:10:53 |
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Best Value Stocks to Buy for September 10th |
MPLX, OFG, and STRL made it to the Zacks Rank #1 (Strong Buy) value stocks list on September 10, 2024. |
zacks.com |
2024-09-10 11:01:04 |
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Best Value Stocks to Buy for September 6th |
MHO, OFG and NFG made it to the Zacks Rank #1 (Strong Buy) value stocks list on September 6, 2024. |
zacks.com |
2024-09-06 12:02:10 |
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OFG (OFG) Upgraded to Strong Buy: Here's What You Should Know |
OFG (OFG) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term. |
zacks.com |
2024-08-29 17:00:44 |
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OFG Bancorp (OFG) Q2 2024 Earnings Call Transcript |
OFG Bancorp (NYSE:OFG ) Q2 2024 Earnings Conference Call July 18, 2024 10:00 AM ET Company Participants Jose Rafael Fernandez - Chairman and Chief Executive Officer Maritza Arizmendi - Chief Financial Officer Cesar Ortiz - Chief Risk Officer Conference Call Participants Timur Braziler - Wells Fargo Brett Rabatin - Hovde Group Kelly Motta - KBW Operator Good morning. Thank you for joining OFG Bancorp's Conference Call. |
seekingalpha.com |
2024-07-19 00:30:29 |
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OFG Bancorp (OFG) Q2 Earnings and Revenues Top Estimates |
OFG Bancorp (OFG) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $0.93 per share a year ago. |
zacks.com |
2024-07-18 13:51:23 |
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OFG Bancorp Reports 2Q24 Results |
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, today reported results for the second quarter ended June 30, 2024. EPS diluted of $1.08 compared to $1.05 in 1Q24 and $0.93 in 2Q23. Total core revenues of $179.4 million compared to $174.2 million in 1Q24 and $170.5 million in 2Q23. CEO Comment José Rafael Fernández, Chief Executive Officer, said: “The second quarter continued to demonstrate the strength of our strategies and franc. |
businesswire.com |
2024-07-18 11:30:00 |
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All You Need to Know About OFG (OFG) Rating Upgrade to Strong Buy |
OFG (OFG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy). |
zacks.com |
2024-05-29 17:01:16 |
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Best Value Stocks to Buy for May 22nd |
NMM, HHS and OFG made it to the Zacks Rank #1 (Strong Buy) value stocks list on May 22, 2024. |
zacks.com |
2024-05-22 10:46:07 |
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New Strong Buy Stocks for April 22nd |
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: |
zacks.com |
2024-04-22 12:01:11 |
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Best Value Stocks to Buy for April 22nd |
FHN, SLVM and OFG made it to the Zacks Rank #1 (Strong Buy) value stocks list on April 22, 2024. |
zacks.com |
2024-04-22 11:21:25 |
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OFG (OFG) Loses -7.62% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner |
The heavy selling pressure might have exhausted for OFG (OFG) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal. |
zacks.com |
2024-04-19 14:36:04 |
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OFG Bancorp (OFG) Q1 2024 Earnings Call Transcript |
OFG Bancorp (NYSE:OFG ) Q1 2024 Earnings Conference Call April 18, 2024 10:00 AM ET Company Participants José Rafael Fernández - Chief Executive Officer & Vice Chair Maritza Arizmendi - Chief Financial Officer César Ortiz - Chief Risk Officer Conference Call Participants Brett Rabatin - Hovde Group Alex Twerdahl - Piper Sandler Kelly Motta - KBW Operator Thank you for joining OFG Bancorp's Conference Call. My name is Jamie, and I will be your operator today. |
seekingalpha.com |
2024-04-18 18:41:02 |
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