News

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.

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Elements of this story wqere generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OFG at http://www.zacks.com/ap/OFG

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Keywords: OFG Bancorp, Earnings Report

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