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AI brief of an SEC Form 8-K · OFG Bancorp (OFG)

OFG Bancorp Q3 EPS rises to $1.00 from $0.95 a year ago, down from $1.08 in Q2

Positive Impact 3 of 5 earnings Written later

OFG Bancorp reported third-quarter 2024 results for the period ended September 30, 2024, with diluted EPS of $1.00, up from $0.95 in the third quarter of 2023 but down from $1.08 in the second quarter of 2024. Total core revenues were $174.1 million, up from $172.2 million a year earlier and down from $179.4 million in the prior quarter, so shareholders see year-over-year gains alongside a sequential decline.

Key points

  • Diluted EPS of $1.00 compared with $1.08 in 2Q24 and $0.95 in 3Q23; the company reported EPS up 5.3% year over year.
  • Total core revenues of $174.1 million compared with $179.4 million in 2Q24 and $172.2 million in 3Q23.
  • Net income available to common stockholders of $47.0 million compared with $51.1 million in 2Q24; total provision for credit losses rose to $21.4 million from $15.6 million.
  • Tangible book value per share increased to $26.15 from $24.18 in 2Q24; the CET1 ratio was 14.37%.

The filing

CompanyOFG Bancorp (OFG)
Form8-K, current report
Filed with the SECOct 16, 2024, 8:42 AM ET
Accession number0001030469-24-000037

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits 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 16, 2024.

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