OFG Bancorp Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
January 26, 2023 at 07:46 am
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OFG Bancorp reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported net interest income was USD 135.28 million compared to USD 104.2 million a year ago. Net income was USD 46.37 million compared to USD 33.28 million a year ago. Basic earnings per share from continuing operations was USD 0.97 compared to USD 0.67 a year ago. Diluted earnings per share from continuing operations was USD 0.97 compared to USD 0.66 a year ago.
For the full year, net interest income was USD 482.08 million compared to USD 407.35 million a year ago. Net income was USD 166.24 million compared to USD 146.15 million a year ago. Basic earnings per share from continuing operations was USD 3.46 compared to USD 2.85 a year ago. Diluted earnings per share from continuing operations was USD 3.44 compared to USD 2.81 a year ago.
OFG Bancorp is a financial holding company. The Company is engaged in providing banking and financial services through its subsidiaries. The Company operates through three segments: Banking, Wealth Management and Treasury. The Company provides banking and financial services to its clients through a range of banking and financial solutions, including commercial, consumer, auto, and mortgage lending; checking and savings accounts; financial planning, insurance, financial service, and investment brokerage, and corporate and individual trust and retirement services. The Company provides these services through various subsidiaries, including a commercial bank, Oriental Bank; a securities broker-dealer, Oriental Financial Services Corp. (Oriental Financial Services); an insurance agency, Oriental Insurance, LLC (Oriental Insurance), and a retirement plan administrator, Oriental Pension Consultants, Inc. (OPC).
OFG BANCORP 
