<a href="https://laohu8.com/S/OFG">OFG Bancorp</a> reports 16% rise in earnings per share and 5.6% increase in total core revenues for Q3 2025
OFG Bancorp reported a 16.0% year-over-year increase in earnings per share for the quarter ended September 30, 2025, alongside a 5.6% rise in total core revenues. Loan and core deposit balances also grew year-over-year, with notable expansion in commercial loans and a moderation in auto loan originations. The company repurchased $20.4 million in common shares during the period. In the banking segment, net income before taxes declined from $106.4 million to $89.5 million, mainly due to a $23.3 million increase in provision for credit losses linked to higher loan balances and updated model assumptions. OFG's expected effective tax rate for 2025, excluding discrete items, is 23.1%. The company highlighted continued progress with its Digital First strategy, particularly increased adoption of its Libre and Elite accounts.
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