Flash FinanceUS
Pre-market S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · OFG Bancorp (OFG)

OFG Bancorp 3Q23 diluted EPS rises to $0.95 from $0.87 a year earlier

Positive Impact 3 of 5 earnings Written later

OFG Bancorp reported results for the quarter ended September 30, 2023, in a press release furnished under Item 2.02 of a Form 8-K dated October 20, 2023. Diluted EPS was $0.95, up from $0.87 in 3Q22 and $0.93 in 2Q23, and total core revenues rose 10% year over year to $172.2 million, so headline profit and revenue both improved. Credit costs rose, with net charge-offs of $18.8 million and a provision for credit losses of $16.4 million, compared with $11.3 million and $7.1 million in 3Q22.

Key points

  • Diluted EPS of $0.95 vs. $0.87 in 3Q22 and $0.93 in 2Q23
  • Total core revenues of $172.2 million vs. $156.8 million in 3Q22
  • Net charge-offs of $18.8 million vs. $11.3 million in 3Q22; provision for credit losses of $16.4 million vs. $7.1 million
  • Net interest margin of 5.80% vs. 5.23% in 3Q22; CET1 ratio of 14.03%

The filing

CompanyOFG Bancorp (OFG)
Form8-K, current report
Filed with the SECOct 20, 2023, 8:44 AM ET
Accession number0001030469-23-000037

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 20, 2023.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.