OFG Bancorp ($OFG) Q3 Earnings Falls Behind Street Expectation

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The third quarter financial performance of OFG Bancorp (NYSE: OFG) was made public. The report was unveiled ahead of the trading session.

Important information and data points

  • The quarterly financial report of the organization recorded revenues measuring $147.8 million, grew 4.23 percent relative to the related quarter of year ago.
  • Alongside the organization recorded a income of $1 per share, accelerated 5.26 in contrast to the matching quarter of year ago.
  • The results failed to meet the analysts predicted $1.02 profit per share with the $163.51 million in revenues.
  • OFG Bancorp (OFG) shares closed Tuesday’s regular trading at $44.86, showing an advance of 1.01 percent, with a trading volume of 307.00 thousand shares.

Period EPS
Actual
EPS
Growth*
Revenue
Actual
Revenue
Growth*
Q3 2024 $1.00 +5.3% 147.80 M +4.2%
Historical Earnings Insight
Q2 2024 $1.08 +16.1% 147.40 M +5.6%
Q1 2024 $1.05 +9.4% 144.10 M +6.0%
Q4 2023 $0.98 +1.0% 143.50 M +6.1%
Q3 2023 $0.95 +9.2% 141.80 M +12.1%
Q2 2023 $0.93 +10.7% 139.60 M +21.3%
*Growth on year-over-year basis