Ofg Bancorp Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 25, 2021 at 10:55 am
Share
OFG Bancorp announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 98,738 compared to USD 79,209 a year ago. Net income was USD 23,301 compared to net loss of USD 991 a year ago. For the full year, net interest income was USD 408.432 million compared to USD 322.793 million a year ago. Net income was USD 74.327 million compared to USD 53.841 million 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 
