NYSE$OFG

Ofg Bancorp · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported solid performance with increased EPS and consistent core operating results.

OFG Bancorp reported a solid third quarter with EPS diluted up 5.3% year-over-year and a 1.1% increase in total core revenues. The company continues to see digital adoption of its products and services grow.

  • EPS diluted increased 5.3% year-over-year.
  • Total core revenues increased 1.1% year-over-year.
  • Net interest margin was 5.43%.
  • Efficiency ratio was 52.60%.

Headline financials

Total Revenue

$0.00

Previous: $0.00
EPS

$1.00

Previous: $0.95+5.3%
Net Interest Margin

5.4%

Previous: 5.8%-6.4%
Return on Avg Assets

1.7%

Previous: 1.8%-5.7%
ROE (Tangible Common)

15.9%

Previous: 17.6%-9.4%
Efficiency Ratio

52.6%

Previous: 52.4%+0.5%
Loans Held for Investment

$7.75B

No prior period
Total Investments

$2.61B

No prior period
Customer Deposits

$9.53B

No prior period
Tangible Common Equity Ratio

10.7%

Previous: 9.7%+10.1%
Tangible Book Value/Share

$26.15

Previous: $21.01+24.5%
CET1 Ratio

14.4%

No prior period
Capital Expenditures

-$17.3M

Previous: -$11.6M-48.9%
Free Cash Flow

$29.7M

Previous: $33.3M-10.7%
Net Income

$47M

Previous: $44.9M+4.7%
Operating Income

-$115M

Previous: -$89.3M-29.1%
Gross Profit

-$21.4M

Previous: -$16.4M-30.0%
Cash & Equivalents

$681M

Previous: $533M+27.8%
Total Assets

$11.5B

Previous: $10.3B+11.7%
Stock-Based Comp

$1.59M

Previous: $1.36M+17.5%

Revenue & EPS history

OFG Bancorp · Revenue · Quarterly

$0

Q3 2024
Beat estimate in 3 of 15 quarters(20%)
ActualEstimate

Forward guidance

No specific forward guidance was provided in the release.

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 2024

Historical avgQ3 2024

+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

Earnings price reactions
QuarterReport dateReaction (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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