NYSE$OFG
Ofg Bancorp · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported an increase in core revenues and EPS, driven by loan growth and stable core deposits.
OFG Bancorp reported strong Q3 2023 results, with a 10% year-over-year increase in core revenues and a 9% increase in EPS. The company benefited from loan growth, stable core deposits, and higher interest rates. Digital initiatives and team member commitment were highlighted as key contributors.
- Core revenues increased by 10% year-over-year.
- EPS increased by 9% year-over-year.
- Loan growth and stable core deposits contributed to the positive results.
- Digital self-service portal adoption is growing.
Headline financials
Revenue & EPS history
OFG Bancorp · Revenue · Quarterly
$0
Forward guidance
The information included in this document contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and involve certain risks and uncertainties that may cause actual results to differ materially from those expressed in the forward-looking statements.
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 Q3 2023
+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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