OFG Bancorp Q3 EPS $0.95 Beats $0.94 Estimate, Net Interest Income $141M.8M, Total Core Revenues $172.2M
Portfolio Pulse from Benzinga Newsdesk
OFG Bancorp reported Q3 earnings of $0.95 per share, beating the analyst consensus estimate of $0.94 by 1.06%. However, the company's quarterly sales of $141.80 million missed the analyst consensus estimate of $156.56 million by 9.43%. This represents a 9.2% increase in earnings and a 12.09% increase in sales compared to the same period last year.
October 20, 2023 | 11:32 am
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OFG Bancorp's Q3 earnings beat estimates but sales missed, indicating mixed financial performance.
OFG Bancorp's earnings beat estimates, which is a positive signal for investors. However, the company's sales missed estimates, which could be a concern. The mixed results may lead to neutral short-term price movement.
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