OFG Bancorp Q1 EPS $1.05 Beats $0.95 Estimate, Reports Total Core Revenues Of $174.2M Higher Than 164.4M YoY
Portfolio Pulse from Benzinga Newsdesk
OFG Bancorp reported Q1 earnings of $1.05 per share, surpassing the consensus estimate of $0.95 by 10.53% and marking a 9.38% increase from last year's $0.96 per share. Total core revenues reached $174.2M, exceeding last year's $164.4M.
April 18, 2024 | 11:39 am
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OFG Bancorp exceeded Q1 earnings estimates with $1.05 per share and reported higher core revenues of $174.2M compared to $164.4M last year.
Beating earnings estimates and reporting higher year-over-year revenues indicate strong financial health and operational efficiency, likely leading to positive investor sentiment and potential stock price appreciation in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100