OFG Bancorp reports Q3 EPS $1.16, consensus $1.17

Reports Q3 revenue $184M, consensus $187.02M. Reports Q3 tangible book value per share $28.92. Reports Q3 CET1 capital ratio 14.13%. Jose Rafael Fernandez, CEO, said: “Third quarter EPS grew 16% year-over-year on a 5.6% increase in total core revenues. Loan and core deposit balances increased year-over-year with important growth in commercial loans as we began to see the long-anticipated moderation in auto loan originations. Performance and credit metrics remained strong, and we repurchased $20.4 million of common shares.”