OFG Bancorp reports Q1 EPS $1.00, consensus 97c

Reports Q1 revenue $178.3M, consensus $175.16M. Reports Q1 tangible book value per share $26.66. Reports Q1 CET1 capital ratio 14.27%. Jose Rafael Fernandez, CEO, said: “The first quarter reflected a strong start to the year with solid overall performance, consistent financial results, and excellent operating execution. Highlights included customer and deposit growth, and improved consumer credit. As part of our Digital First strategy, we are the first among Puerto Rico banks to launch an Omnichannel online and mobile app for a truly seamless experience, Smart Banking insights to help customers better manage their finances, and Apple Pay for fast and easy credit and debit transactions. While our strategic investment in technology is driving innovation, our investment in people is building strong customer relationships through our island-wide network.”