Headquartered in San Juan, PR Fiscal year ends December NYSE: OFG ofgbancorp.com
OFG Bancorp, based in San Juan, Puerto Rico, offers a wide array of financial services including banking, wealth management, and treasury solutions. Founded in 1964, it caters to both individual and corporate clients, providing checking and savings accounts, retirement planning, loans for commercial and personal use, credit cards, and investment services. Additionally, OFG Bancorp offers specialized services such as insurance, securities brokerage, investment advisory, and retirement plan administration. Its commitment to comprehensive financial solutions makes it a key player in Puerto Rico's financial landscape.
Lower credit costs pushed OFG Bancorp's earnings past estimates even as core revenue came in slightly under consensus, with the provision for credit losses falling to $18.14 million from $28.26 million a year ago. Keep an eye on the shares as the Puerto Rico lender's seventh beat in eight quarters gets priced.
FirstBank has raised its dividend four times in five years, but nearly every loan on its books ties back to a single Caribbean island economy with a growing pile of auto delinquencies…
After years of a low interest rate environment that had started to trend higher until recently, many investors have turned to equities not only for the growth potential but also for solid…
OFG Bancorp, based in San Juan, Puerto Rico, offers a wide array of financial services including banking, wealth management, and treasury solutions.
The Wall Street consensus 12-month price target for OFG is $56.75.
