OFG Bancorp ( (OFG) ) has released its Q2 earnings. Here is a breakdown of the information OFG Bancorp presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
OFG Bancorp is a diversified financial holding company operating primarily in Puerto Rico and the U.S. Virgin Islands, offering a range of banking, lending, and wealth management services through its subsidiaries, including Oriental Bank.
In its latest earnings report for the second quarter of 2025, OFG Bancorp reported a strong performance with a notable increase in earnings per share (EPS) and core revenues. The company highlighted its strategic investments in digital tools and the launch of new financial products as key drivers of its growth.
Key financial metrics for the quarter included an EPS of $1.15, up from $1.00 in the previous quarter, and total core revenues of $182.2 million, reflecting a year-over-year increase. The company also reported a net interest margin of 5.31% and a return on average assets of 1.73%. OFG Bancorp’s loan production saw significant growth, with new loan production reaching $783.7 million, driven by increases across all lending channels.
The company ended the quarter with record assets of $12.2 billion and core deposits of $9.9 billion. OFG Bancorp’s management emphasized its commitment to enhancing customer experience through its digital strategy and expressed confidence in continued growth, supported by a stable economic environment in Puerto Rico.
Looking ahead, OFG Bancorp remains focused on leveraging its digital strategy and expanding its commercial lending portfolio to sustain its growth trajectory, while closely monitoring economic conditions and maintaining strong financial metrics.