OFG Bancorp reports results for the quarter ended June 30 - Earnings Summary

• OFG Bancorp OFG reported quarterly adjusted earnings of $1.15​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.08. The mean expectation of three analysts for the quarter was for earnings of $1.05 per share. Wall Street expected results to range from $1.02 to $1.08 per share.

• Revenue rose 3.1% to $151.93 million from a year ago; analysts expected $161.79 million.

• OFG Bancorp's reported EPS for the quarter was $1.15​.

• The company reported quarterly net income of $51.8 million.

• OFG Bancorp shares had risen by 2.9% this quarter and gained 4.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 5.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for OFG Bancorp is $48.00, about 8.3% above its last closing price of $44.02

This summary was machine generated from LSEG data July 17 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)