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OFG (OFG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
OFG Bancorp (OFG) Q3 2026 Earnings Call Transcript
OFG Bancorp NYSE: OFG reported third-quarter 2026 earnings per share of $1.33, up 15% from a year earlier, as commercial loan growth, expense discipline and stable credit performance supported results. Chief Executive Officer and Chairman José Rafael Fernández said the company delivered “excellent performance across the board” while continuing to invest in its digital banking strategy.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does OFG (OFG) have what it takes?
OFG Bancorp (OFG) came out with quarterly earnings of $1.33 per share, beating the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $1.16 per share a year ago.
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, today reported results for the third quarter ended September 30, 2026. EPS diluted of $1.33 compared to $1.39 in 2Q26 and $1.16 in 3Q25. Total core revenues of $185.7 million compared to $190.3 million in 2Q26 and $184.0 million in 3Q25. CEO Comment José Rafael Fernández, Chief Executive Officer, said: “We delivered another strong quarter, with year-over-year increases of 14.7% in E.
OFG Bancorp is upgraded to a soft ‘buy' as asset quality and earnings improve despite prior credit concerns. OFG trades at a 9.6x P/E, below peers and under the preferred 10x threshold, with strong returns on assets (1.93%) and equity (16.76%). Non-performing assets and non-accrual loans have declined significantly, signaling improved credit quality even as auto loan delinquencies rise.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does OFG (OFG) have what it takes?