OFG Bancorp (NYSE:OFG) reported upbeat earnings for the first quarter on Tuesday.
The company posted quarterly earnings of $1.26 per share which beat the analyst consensus estimate of $1.02 per share. The company reported quarterly sales of $185.800 million which beat the analyst consensus estimate of $166.544 million.
José Rafael Fernández, Chief Executive Officer, said, “Business momentum and disciplined strategy execution drove strong first quarter results, supported by proactive balance sheet management and core deposit strength. Our operating model continues to deliver, with ongoing loan growth, high quality credit performance, and consistent execution across the franchise. During the quarter, we repurchased $44.5 …
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