OFG Bancorp (NYSE:OFG) banking and financial services provider, is reporting second quarter earnings results on Friday 24th July 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.22 per share.
For the full year, analysts predict revenues of $ 456.54 million, while looking forward to income of $ 0.89 per share.
Previous Quarter Performance
OFG Bancorp unwinded for the first quarter of per share, from the revenue of $ 105.17 million. The quarterly earnings while revenues raised 28.59 percent compared with the same quarter last year.
Street analysts expected OFG Bancorp to report income of $ 0.43 per share on revenue of $ 113.67 million for the first quarter. The bottom line results missed street analysts by $ 0 or , at the same time, top line results fell short of analysts by $ 8.5 million or 7.48 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of OFG was $ 14.35, representing a 66.28 % increase from the 52 week low of $ 8.63 and a 39.6 % decrease over the 52 week high of $ 23.76.
The company has a market capital of $ 736.74 million and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Stock Dividend Announcement
On April 22, 2020, the board of directors authorized quarterly dividend of $ 0.4453 per share to holders of record as of the close of business on June 30, 2020, with payment date of July 15, 2020 and ex-dividend date on June 29, 2020.
Conference Call
OFG Bancorp will be hosting a conference call at 10:00 AM eastern time on 24th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ofgbancorp.com
OFG Bancorp, a financial holding company, provides various banking and financial services. It operates in three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, as well as time deposit products; commercial, consumer, auto, and mortgage lending products; financial planning, insurance, financial services, and investment brokerage; and corporate and individual trust, and retirement services.
