OFG Bancorp (OFG) Reports In-Line Q1 EPS

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OFG Bancorp Reports 1Q17 Results

April 21, 2017 7:30 AM EDT

SAN JUAN, Puerto Rico--(BUSINESS WIRE)-- OFG Bancorp (NYSE: OFG) today reported results for the first quarter ended March 31, 2017.

1Q17 Highlights

Net income available to shareholders held steady. OFG reported $11.7 million, or $0.26 per share fully diluted, compared to $12.1 million, or $0.27 per share, in 4Q16 and $10.7 million, or $0.24 per share, in the year ago 1Q16. Oriental Banks retail franchise continues to grow. Auto and consumer loan generation was strong, customer deposits increased 1.3% from the previous quarter, and retail accounts grew 5% year over year.... More