OFG Bancorp (OFG) Tops Q3 EPS by 19c

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OFG Bancorp Reports 3Q15 Results

October 23, 2015 7:30 AM EDT

SAN JUAN, Puerto Rico--(BUSINESS WIRE)-- OFG Bancorp (NYSE: OFG) today reported results for the third quarter ended September 30, 2015.

3Q15 Results

Income available to common shareholders was $1.1 million or $0.03 per share fully diluted. This compares to a loss of $6.6 million or ($0.15) per share in the preceding quarter and a profit of $16.1 million, or $0.34 per share diluted, in the year ago quarter. Results included: The previously announced ($20.2) million pre-tax net impact of the bulk sale of commercial non-performing assets (NPAs) from the 2010 FDIC-assisted... More