OFG reports 1Q profit

SAN JUAN, Puerto Rico – OFG Bancorp (OFG) on Friday reported a profit available to common shareholders of $10.7 million in its first quarter.

The bank, based in San Juan, Puerto Rico, said it earned 24 cents per share.

The financial holding company had reported a loss of $6.5 million, or 14 cents per share, a year ago.

OFG shares have increased 7 per cent since the beginning of the year. The stock has declined 50 per cent in the last 12 months.


Elements of this story wqere generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on OFG at


Keywords: OFG Bancorp, Earnings Report


This story corrects that the company had a profit rather than a loss in the latest period.