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Last $13.19 USD
Change Today -0.15 / -1.12%
Volume 338.8K
OFG On Other Exchanges
New York
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

ofg bancorp (OFG) Snapshot

Previous Close
Day High
Day Low
52 Week High
06/9/14 - $19.10
52 Week Low
05/13/15 - $12.89
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
Current Stock Chart for OFG BANCORP (OFG)

ofg bancorp (OFG) Related Businessweek News

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ofg bancorp (OFG) Details

OFG Bancorp, a financial holding company, provides various banking and financial services primarily in Puerto Rico. It operates in three segments: Banking, Wealth Management, and Treasury. The Banking segment offers checking and savings accounts; mortgage, commercial, and consumer lending products; financial planning, insurance, financial service, and investment brokerage; and corporate and individual trust and retirement services. This segment operates 53 branches in Puerto Rico. The Wealth Management segment offers securities brokerage, trust, retirement planning, insurance, pension administration, and other financial services. Its securities brokerage services cover various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients. This segment also provides managed accounts and mutual fund asset allocation programs; manages and participates in public offerings and private placements of debt and equity securities; and offers underwriting, merger-and-acquisition, and financial restructuring advisory services. In addition, this segment is involved in the insurance agency and administration of retirement plans in the United States, Puerto Rico, and the Caribbean. The Treasury segment is involved in various treasury-related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, Puerto Rico government and agency obligations, and money market instruments. OFG Bancorp serves mid and high net worth individuals, as well as families, including professionals and owners of small and mid-sized businesses. The company was founded in 1964 and is based in San Juan, Puerto Rico.

1,510 Employees
Last Reported Date: 05/8/15
Founded in 1964

ofg bancorp (OFG) Top Compensated Officers

Vice Chairman, Chief Executive Officer, Presi...
Total Annual Compensation: $865.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $475.0K
Senior Vice President and Treasurer
Total Annual Compensation: $246.4K
Senior Vice President and Chief Risk Officer
Total Annual Compensation: $232.1K
Chief Accounting Officer and Senior Vice Pres...
Total Annual Compensation: $224.3K
Compensation as of Fiscal Year 2014.

ofg bancorp (OFG) Key Developments

Oriental Financial Group, Inc. Announces Earnings Results for the First Quarter Ended March 31, 2015

Oriental Financial Group Inc. announced earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net interest income of $89.63 million compared to $103.4 million for the same quarter ended March 31, 2014. Loss before income taxes for the was $2.01 million compared to an income before income taxes of $35.53 million for the same quarter ended March 31, 2014.

OFG Bancorp Announces Earnings Results for the First Quarter Ended March 31, 2015; Reports Net-Charge Offs for the First Quarter Ended March 31, 2015

OFG Bancorp announced earnings results for the first quarter ended March 31, 2015. For the period, the company’s income available to common shareholders was a loss of $6.5 million, or $0.14 per share, which includes a previously announced provision of $0.35 per share net of tax. Excluding this, income was $9.4 million, or $0.21 per share diluted. Results compare to $17.1 million, or $0.36 per share diluted, in the preceding quarter, and $20.3 million, or $0.42 per share diluted, in the year ago quarter. Tangible book value and book value per common share declined slightly from December 31, 2014, to $15.12 and $17.25, respectively. Total interest income from loans declined $7.9 million to $97.5 million, reflecting above mentioned factors and the transition in loan portfolio as originated loans with more normal yields grew at a slower pace than higher-yielding acquired loans fell, due to repayments and maturities. Tangible common equity to total tangible assets increased to 9.29% from 9.25% based on a 0.8% decrease in tangible common equity to $675.2 million and a 1.1% decline in tangible assets to $7.3 billion. For the first quarter of 2015, net charge offs declined slightly to $8.6 million as continue to adjust collection efforts to evolving credit trends.

OFG Bancorp to Report Q1, 2015 Results on Apr 24, 2015

OFG Bancorp announced that they will report Q1, 2015 results at 9:00 AM, Eastern Standard Time on Apr 24, 2015


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OFG Competitors

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BancFirst Corp $57.94 USD -0.22
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First Financial Bancorp $17.48 USD -0.06
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Industry Analysis


Industry Average

Valuation OFG Industry Range
Price/Earnings 15.0x
Price/Sales 1.8x
Price/Book 0.8x
Price/Cash Flow 10.1x
TEV/Sales NM Not Meaningful

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