OFG Bancorp reports Q2 EPS $1.15, consensus $1.05

Reports Q2 revenue $182.2M, consensus $181.5M. Reports Q2 CET1 capital ratio 13.99%. Jose Rafael Fernandez, CEO, said: “The second quarter reflected strong operating performance at all levels. EPS-diluted increased 6.5% year-over-year on a 1.5% increase in total core revenues. Highlights included steady core deposit flows and strong loan origination, as well as solid overall financial metrics, driven by return on average assets and equity. Credit reflected Puerto Rico’s stable economy, with both individuals and businesses holding high levels of liquidity.”