NYSE$OFG
Ofg Bancorp · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
OFG Bancorp generated outstanding results driven by larger scale, digital focus, and Puerto Rico's economic recovery.
OFG Bancorp reported strong second quarter results, driven by economic recovery in Puerto Rico and increased digital utilization. New loan origination increased by 27.7% from the previous quarter, with gains in commercial and auto lending. Asset quality improved, resulting in a net benefit for credit losses. Results were enhanced by reduced cost of funds and deployment of excess capital.
- Earnings per share diluted was $0.78 compared to $0.56 in 1Q21 and $0.39 in 2Q20.
- Total core revenues were $133.3 million compared to $127.7 million in 1Q21 and $128.2 million in 2Q20.
- Net interest margin was 4.22% compared to 4.26% in 1Q21 and 4.78% in 2Q20.
- New Loan Origination totaled $673.6 million compared to $527.6 million in 1Q21 and $506.0 million in 2Q20.
Headline financials
Revenue & EPS history
OFG Bancorp · Revenue · Quarterly
$134M
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
+1.2%
Avg return
Earnings day
+1.7%
Avg return
5 days after
+3.9%
Avg return
30 days after
56%
37 / 66 earnings
Positive
+16.3%
Q4 2017
Best reaction
-9.5%
Q1 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.0% | +7.0% | +5.7% | |
| Q4 2025 | -8.2% | -11.0% | +0.2% | |
| Q3 2025 | -6.5% | -7.4% | -5.7% | |
| Q2 2025 | -0.1% | -1.1% | +0.7% | |
| Q1 2025 | +1.2% | +7.2% | +14.3% | |
| Q4 2024 | -1.4% | -3.8% | -6.9% | |
| Q3 2024 | -7.3% | -11.5% | -2.4% | |
| Q2 2024 | +1.4% | +8.8% | +0.4% | |
| Q1 2024 | +4.3% | +8.6% | +13.3% | |
| Q4 2023 | +5.2% | +6.1% | +0.1% | |
| Q3 2023 | -3.2% | -3.8% | +13.1% | |
| Q2 2023 | +8.6% | +7.5% | +0.7% | |
| Q1 2023 | +2.9% | +0.1% | -2.8% | |
| Q4 2022 | +1.9% | +3.8% | +9.5% | |
| Q3 2022 | +0.1% | +1.7% | +2.2% | |
| Q2 2022 | -1.9% | -1.4% | +8.6% | |
| Q1 2022 | -4.6% | -5.1% | -2.0% | |
| Q4 2021 | -8.1% | -7.8% | -8.0% | |
| Q3 2021 | +3.0% | +7.4% | +4.7% | |
| Q2 2021 | +5.7% | +7.7% | +14.3% | |
| Q1 2021 | +1.6% | +6.1% | +11.3% | |
| Q4 2020 | -9.0% | -10.2% | +3.7% | |
| Q3 2020 | -3.9% | -9.7% | +7.2% | |
| Q2 2020 | -5.2% | -4.7% | -11.7% | |
| Q1 2020 | -2.4% | -9.8% | -5.7% | |
| Q4 2019 | -0.1% | -1.4% | -17.9% | |
| Q3 2019 | -9.3% | -11.7% | -14.6% | |
| Q2 2019 | -4.7% | -0.4% | -10.9% | |
| Q1 2019 | -2.5% | +1.0% | -0.4% | |
| Q4 2018 | +2.5% | +3.1% | +16.4% | |
| Q3 2018 | +14.7% | +9.8% | +20.5% | |
| Q2 2018 | +11.3% | +11.0% | +20.5% | |
| Q1 2018 | +7.6% | +14.0% | +20.8% | |
| Q4 2017 | +16.3% | +18.4% | +11.7% | |
| Q3 2017 | +12.9% | +4.3% | +14.7% | |
| Q2 2017 | +5.6% | +2.5% | -9.6% | |
| Q1 2017 | +4.5% | +9.5% | -12.7% | |
| Q4 2016 | +1.9% | +3.5% | +2.3% | |
| Q3 2016 | +8.4% | +6.4% | +36.8% | |
| Q2 2016 | +8.1% | +12.7% | +15.1% | |
| Q1 2016 | +10.6% | — | — | |
| Q4 2015 | -9.4% | — | — | |
| Q3 2015 | +10.2% | — | — | |
| Q2 2015 | -6.3% | — | — | |
| Q1 2015 | -9.5% | — | — | |
| Q4 2014 | +11.5% | — | — | |
| Q3 2014 | -2.3% | — | — | |
| Q2 2014 | +1.6% | — | — | |
| Q1 2014 | +1.4% | — | — | |
| Q4 2013 | +3.0% | — | — | |
| Q3 2013 | -4.5% | — | — | |
| Q2 2013 | -0.5% | — | — | |
| Q1 2013 | +4.2% | — | — | |
| Q4 2010 | -0.9% | — | — | |
| Q4 2012 | -0.3% | — | — | |
| Q3 2012 | +11.0% | — | — | |
| Q4 2011 | +1.2% | — | — | |
| Q2 2012 | -1.2% | — | — | |
| Q1 2011 | -0.3% | — | — | |
| Q1 2012 | +1.7% | — | — | |
| Q4 2009 | +1.7% | — | — | |
| Q3 2010 | +4.3% | — | — | |
| Q3 2011 | +4.3% | — | — | |
| Q2 2010 | -6.3% | — | — | |
| Q2 2011 | -6.3% | — | — | |
| Q1 2010 | +8.3% | — | — |
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