OFG: Q4 Financial Results Overview

OFG Bancorp Announces Fourth Quarter Financial Results

OFG Bancorp, headquartered in San Juan, Puerto Rico, revealed on Thursday that it achieved a net profit of $55.9 million for the fourth quarter.

The bank reported earnings of $1.27 per share for the period.

During the quarter, OFG Bancorp generated $229.8 million in total revenue. After accounting for interest expenses, net revenue reached $185.4 million, surpassing analysts’ expectations.

Looking at the full year, the company recorded a total profit of $205.1 million, or $4.58 per share, with annual revenue amounting to $729.8 million.