OFG Bancorp Reports 1Q20 Results
OFG Bancorp (OFG)
Last ofg bancorp earnings: 4/29 07:30 am
Check Earnings Report
US:NYSE Investor Relations:
snl.com/irweblinkx/yearlynews.aspx?iid=1032005
Company Research
Source: Business Wire
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) today reported results for the first quarter ended March 31, 2020.1Q20 HighlightsStrong increase in core net revenues due to the December 31, 2019 acquisition of the Puerto Rico and U.S. Virgin Islands operations of The Bank of Nova Scotia (Scotiabank), and a major reserve build reflecting CECL as well as anticipated changes in Puerto Rico and USVI macroeconomic scenarios due to the effect of the coronavirus pandemic.Core net revenues of $131.3 million, CECL “Day 1” allowance of $89.9 million, provision for credit losses of $48.5 million, $4.7 million gain on sale of investment securities, and $0.00 earnings per share. This compares in the year-ago quarter to net core revenues of $99.3 million, provision of $12.2 million, no gain, and $0.42 earnings per share fully diluted.All March 31, 2020 regulatory capital ratios increased from December 31, 2019 and continue to be significantly above requirements for a well-capita
Show less
Read more
Impact Snapshot
Event Time:
OFG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
OFG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
OFG alerts
High impacting OFG Bancorp news events
Weekly update
A roundup of the hottest topics
OFG
News
- OFG Bancorp (NYSE:OFG) was upgraded by analysts at Piper Sandler to a "hold" rating.MarketBeat
- OFG Bancorp (NYSE:OFG) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating.MarketBeat
- OFG Bancorp (NYSE:OFG) was given a new $45.00 price target on by analysts at Piper Sandler.MarketBeat
- OFG Bancorp: Taking A Step Back (Downgrade) [Seeking Alpha]Seeking Alpha
- OFG Bancorp to Report 4Q25 Results and Hold Call Thursday, January 22, 2026Business Wire
OFG
Earnings
- 4/23/25 - Miss
OFG
Sec Filings
- 1/16/26 - Form 4
- 1/9/26 - Form 4
- 12/22/25 - Form 4
- OFG's page on the SEC website