OFG Bancorp Reports 1Q24 Results
OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, today reported results for the first quarter ended March 31, 2024.
- OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, today reported results for the first quarter ended March 31, 2024.
- Compared to 4Q23, 1Q24 primarily reflected higher average balances and yields on investment securities, cash and loans.
- 1Q24 included one fewer day than 4Q23, which reduced interest income by about $1.4 million.
- A conference call to discuss 1Q24 results, outlook and related matters will be held today at 10:00 AM ET.